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User Guide on Limit Order

Limit Order is a tool that makes your trading in the financial markets even simpler and more convenient. It is a pending order allowing to open an option when the price reaches a given level. You don’t need to stay by the PC and monitor the prices anymore. Just set the price where you’d like your order to be executed, and select the direction of the option (up or down). When the price reaches this level, your pending order will be automatically opened.*
You can easily use Limit Order. Follow the directions to do so!

  • 1. Sign in to the Verum Option website and open the trading platform.

  • 2. Select "LIMITS" tab.

  • 3. Select a market asset you’d like to trade.

  • 4. Select expiry of the option.

  • 5. Enter your investment amount.

  • 6. Using buttons "–" and "+" set the price level (higher or lower than the current price). When the price reaches your selected level, the option will be automatically opened.

  • 7. Select the price direction: up or down.

  • 8. Click "Apply Order" and confirm your operation.

  • 9. When the price reaches your selected level, your pending order will be automatically opened.

  • 10. If your forecast is correct, you will get profit once your position expires.

* In limit order - trade is executed at the strike requested by the trader, when the option rate crosses the limit rate by a 0.1 pips up to 0.5 pips depends on market conditions. In some cases depends on market conditions the cross threshold might be 0.0 pips. In all cases execution is at the strike expiry and amount requested by the trader.

We wish you the most comfortable and profitable trading!

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