Limit Order

Creating a Limit Order

Select the LIMIT tab in the Trade panel. In the #creating-a-market-ordersection above we created a Long Market Order using 50x leverage, so will use the same leverage in this example, and specify a Short position type (in this case our limit order will close our existing Long position if the specified price is reached).

Specify the price for the order and the position size. In this example we have set a price of 0.03 USD and specified a size of 250,000 XRD. This will close the Long order we opened in the #creating-a-market-order example in it's entirety if a price of 0.03 USD is reached. Click SELL to send a transaction to the Radix Wallet and sign it.

Once the transaction is confirmed, you can see the Limit Order in the ORDERS tab of the table below the chart:

In the examples above we have used a Market order to open a long position, and a Limit order to close the position if our desired price is met. However note that both Market and Limit orders can be used to open and close positions.