The Limit order and the Stop order are either used to enter the market or to sell above the current price.
Limit orders are used to enter the market at a certain price level or to take profit by selling above current price.
To enter the market:
You can choose a limit order type by selecting Limit in the Type field of the trade ticket.
In the below example, a limit order type was chosen to buy Novozymes A/S at a lower price of 320.00, compared to the market Buy price of 338.90.
Find your position and go to
> Sell Above Current Price under Portfolio. In the trade ticket you can adjust the numbers of shares and the price. This will place a Limit order above the current price.Stop orders are used to protect your investment if the price falls. You can place a stop order by going to
> Protect investment. In the trade ticket you can adjust the number of shares and the price.You can always modify or cancel an order under Orders, which can also be found under Portfolio.