Lesson 1: Understanding the Limit Buy Order Step by Step
If you are new to trading,
The first order you need to understand correctly is: Limit Buy
Because it’s the foundation… and everything after it is easier.
Stay with the numbers in the image 👇
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① Trading Pair (BANK/USDT)
This is the pair you are trading on.
It means you will buy BANK using USDT.
Always review the pair before any execution.
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② Choose Direction (Buy / Sell)
Here you specify that you are entering a buy.
As long as you want to own the currency, you must be on Buy.
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③ Order Type: Limit Order
Limit means:
> “I set the price myself… and I'm not in a hurry.”
And this is the best choice for beginners
Because it prevents you from chasing the price.
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④ Purchase Price (USDT)
The price you are willing to buy at.
If the current price is higher,
The order remains pending until the price drops to it.
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⑤ Amount of Currency (BANK)
Here you specify how many units you will buy.
Tip:
Do not invest all your capital in one trade.
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⑥ Total Trade (USDT)
The platform calculates automatically
Price × Quantity.
Review this number well before execution.
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⑦ Take Profit (Optional)
You can specify the price to sell at a profit
From the same screen
And this helps you work with a clear plan.
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⑧ Activate Stop Loss
The most important step in risk management.
It protects you if the market suddenly goes against you.
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⑨ Stop Loss Price
The price that if the market reaches it
The trade closes automatically
And prevents larger losses.
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⑩ Buy Execution Button
After you: ✔️ Set the price
✔️ Quantity
✔️ I reviewed the total
Click Buy…
And the order remains pending until the price reaches it.
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🎯 Summary
Limit Buy = Control and Calm
Prevents emotional decisions
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It is the foundation for any successful trader
📌 The next lesson in the series:
Market Order
And why many people lose because of it despite it being 'easy'.
