Limit Orders

Marathonchap

Junior member
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Hi sharkey,

Just a quick question.

Why is it that with limit orders you have to enter the limit below(if going short) or above(if going long) the current market price?

Why can't we enter limit prices at any level be that higher or lower than the quote price?

Or is this something to do with the anti-cheating rules?

EW
 
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