And now, limit orders. This task will require you to use a trading account to carry out the exercise.
Goal: Set a limit order to manage a profit target
Exercise: If you have a practice/demo account set up with a broker go into it and find the Wall Street 30 market and the deal ticket. If you wanted to sell Wall Street 30 at the price quoted and wished to set a take profit limit order at 100 points, at what price should you set this?
Difficulty: 1/3
Time to complete: 15 minutes
Solution….don’t press play until you’ve done your bit:
