Question About Limit Orders and Trading Platforms
Question About Limit Orders and Trading Platforms
I just put in my first limit order, so we’ll see how that goes. The thing is that they tied up my money until the order goes through or I choose to cancel. My question is if you guys know of a site that doesn’t do that. Like, can I put into 2 limit orders for everything and once one goes through the other is just ignored, maybe
Dilshan Tharindu Perera Answered question August 15, 2024
The limit order becomes a market order when the said price is reached, only whether the filling is done or not is not guaranteed, the price is. When you place such an order your money is always going to get locked in the order. That is how it works.
Dilshan Tharindu Perera Answered question August 15, 2024