Limit: A Conditional Day Trading Deal
A LIMIT order deal allows you to reserve a DAY TRADING deal, which should be performed when and if your desired exchange rate exists in the market.
Easy-Forex watches for the appearance of your pre-defined rate, during the period you set. If and when such rate does exist in the market, a DAY TRADING deal would be performed, according to the terms you pre-defined.
A LIMIT order deal does not cost you anything, and the margins you allocate for such deal should facilitate the DAY TRADING deal, when and if performed. In case your LIMIT rate does not appear in the market during the defined period, the LIMIT order would be void, and the margins be returned to your free balance.
How does it work?
Say you believe that the USD should increase compared to the EURO (EUR), and you wish to benefit from this.
Say that at this moment, the exchange rate is 1.2100 USD/EUR. You wish to purchase USD when the rate would be 1.2300.
What should you do?
Very simple: make a LIMIT order for a EUR 10,000 deal (for example), at a LIMIT rate of USD/EUR 1.2300. Accordingly, select the margins required that should result (for example) in a STOP-LOSS rate (the point where the deal would automatically end) of USD/EUR 1.2400.
As mentioned, if your desired rate, USD/EUR 1.2300, does not exist in the market during the order period, the LIMIT order would be cancelled at the end of the period, and the margins would be returned to your free balance.

Let's show you how, step by step: