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Sell Limit

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.

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Open Position

An active trade that has yet to be closed.