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Limit Orders |
A Limit Order is a trading mechanism used to purchase a currency at a predetermined rate of exchange above the current market position, this contract is GTC (good till cancelled) or the level of exchange pre-agreed is achieved. This type of facility is often used where clients have costed to purchase their goods at a particular level of exchange and wish to achieve this level within the time available. Upon completion of this contract either the deposit if a forward contract or the full balance relating to spot contracts is to be paid in full within two days of this contract being executed. |
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