@David @George can the Limit Orders help article be updated
There is a mistake in the word minimum on the buy too.
Limit ‘Buy’ Orders
Here’s how to set one:
- Select your preferred instrument.
- Tap on ‘Buy’ followed by the ‘Limit’ window.
- Select the number of shares.
- Set a
Minimum Maximum Price you wish to Buy the shares for.
- Review and Send Order.
A limit buy you are setting the maximum per share to buy at. Unlike a market order where it’ll just give you best price at the time. It’s used say if the price was 10 and about to rocket up, you put a limit at 12. If the ask instantly shot up to 20 it wouldn’t thankfully execute.
A limit sell you are setting the minimum per share to sell at. So if the price was 10 and limit at 8 then you should get a either a minimum of 8 or it wouldn’t execute say if it jumped 10 to 7 and carried on down (Whilst a market sell might have got you ~7)