Limit order adalah jenis pesanan yang memungkinkan pedagang untuk menetapkan harga yang disebut "Harga Pesanan". Dibandingkan dengan market orders, limit orders memberikan opsi bagi pedagang untuk memiliki kontrol yang lebih baik atas harga masuk atau keluar posisi mereka dengan mengorbankan jaminan eksekusi pesanan.
Alasan utama mengapa limit order pedagang dieksekusi segera adalah karena hal-hal berikut:
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Buy Long Order = Harga Pesanan LEBIH TINGGI dari Harga ASK Terbaik (Harga yang pedagang bersedia jual)
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Sell Short Order = Harga Pesanan LEBIH RENDAH dari Harga BID Terbaik (Harga yang pedagang bersedia beli)
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Tidak memilih fungsi POST-ONLY.
A) Menggunakan limit Buy order pada USD 10,207 sebagai contoh, sistem akan melakukan hal berikut
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Harga ASK Terbaik di dalam buku pesanan adalah USD 10,183.
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Menggunakan logika Beli Rendah & Jual Tinggi, sistem membandingkan Harga Pesanan vs Harga ASK terbaik (USD 10,207 vs USD 10,183) dan menentukan bahwa pesanan dapat diisi pada harga beli yang lebih rendah USD 10,183 pada saat itu
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Pesanan akan diisi hingga jumlah kontrak terpenuhi atau hingga USD 10,207, mana yang lebih dulu.
B) Menggunakan limit Sell order pada USD 10,100 sebagai contoh, sistem akan melakukan hal berikut
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Harga BID Terbaik di dalam buku pesanan adalah USD 10,182.50.
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Menggunakan logika Beli Rendah & Jual Tinggi, sistem membandingkan Harga Pesanan vs Harga BID terbaik (USD 10,100 vs USD 10,182.50) dan menentukan bahwa pesanan dapat diisi pada harga jual yang lebih tinggi USD 10,182.50 pada saat itu
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Pesanan akan diisi hingga jumlah kontrak terpenuhi atau hingga USD 10,100, mana yang lebih dulu.
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