What is a limit order?

How to set a limit order on EasyEquities

-What is a limit order?

-How to set a limit order on easyequites

In this article, we are learning about limit orders and how to set them on the EasyEquities app.

What is a limit order?

A limit order allows you as an investor to set the price at which a share will be bought. The share will be bought when the "BUY AT" price is equal to or below the one you have specified.

Example:

Share A is now trading at R15.00 but you expect that the price might drop to R12.50 at which point you would be prepared to buy the share.

You would set R12.50 as your limit order and the transaction would only go off once the share reaches that price.

How to set a limit order on easyequites.

It's important to note that you can only set a limit order on the top 100 shares in South Africa such as Capitec, Naspers Etc.

However, you can set a limit order for ANY US shares.

So how can you set a limit order? Let's get into it

Firstly, find a top 100 stock on the JSE or ANY US share.

Click "Buy now" and then "Place order"

Click on "less than or equal (limit order)"

Set the price you would like to buy at.

Select the amount you would like to invest.

It is that EASY with EasyEquities