When should I use Limit Orders?

You can use limit orders if you believe that a certain currency is going to be undervalued. You can buy it and place a limit order to sell once it goes up. On the other hand, traders who believe the coin will be overpriced can place a limit order to buy it once the price drops.

Market volatility can also create opportunities that a trader does not want to miss. A series of limit orders to buy and sell stocks can capture short-term fluctuations in the market.