Last Updated on: 15th February 2021, 02:04 am
A sell limit order is a type of pending order that allows a trader to put instructions in the trading software (MT4) and (MT5), to purchase a security at a specified price. It’s placed above the CMP (current market price) if a trader expects that the price will plunge back after soaring to a specific trading level. Here, the trader aims to sell at high to buy at a lower price.
Vincent Nyagaka is a Professional Trader, Analyst & Author. He has been actively engaged in market analysis for the past 7 years. He has a monthly readership of 100,000+ traders and has taught over 1,000 students since 2014. Vincent is also an experienced instructor and public speaker. Check out Vincent’s Professional Trading Course here.