Binary Options Limit Order

What is a ‘Limit Order’ in Binary options

A binary options limit order is an order to buy or sell a binary option on a certain asset at a specified price. If the price of the asset, set by the investor, is not met during the period of time in which the order is left open, no option will be created and the order will be cancelled.

How to Place a Limit Order:

  1. Hit the limit tab on the main trading area (First Tab from the right).
  2. Choose the asset, time of expiry, investment amount and option type (Call or Put).
  3. Click the place on the chart where you like to set the Target rate for the order.
  4. Click the Apply Order button.

limit

Depending on the binary option type (Call or Put) an investor would like to create, binary limit orders are usually divided into two groups, Call limit orders and Put limit orders.

Example for a Call limit binary options order:

Look at the picture below, an investor can create a Call limit order to buy a $100 worth Call binary option on the Gold that will expire at 09:30 GMT, if the price of Gold reaches $1251.929. The limit order will expire if the price of Gold does not reach the target rate 5 minutes before option expiry.
Call-Binary-option-limit

Example for a Put limit binary options order:

Look at the picture below, an investor can create a Put limit order to buy a $100 worth Put binary option on the Gold that will expire at 09:30 GMT, if the price of Gold reaches $1255.027. The limit order will expire if the price of Gold does not reach the target rate 5 minutes before option expiry.

Put-Binary-option-limit

 

Main Benefits of the binary option Limit Order

 Limit the length of your order Trade support and resistance levels
With binary option limit orders you can limit the length of time an order can be outstanding before it is canceled. Using binary option limit orders you can place trades at predefined support or resistance levels.

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