Is There A Time Limit For The Open Order?

Hi Jase Dylon,
On the Metatrader platform and most other trading platforms: if your position has been executed then there is no time limit to close (close) the order, but you can be subject to daily swap (in this case means interest), i.e. you have to pay interest or earn interest if your position is overnight (until closing time the New York market is still not closed), depending on the type of position you open (buy or sell) and the currency pair you are trading.

In this case, you can also ask your broker not to impose swap-free rules. In another context, if you open a pending order (buy stop, buy limit, sell stop or sell limit) then you can set the expire time, that is, if until that time the price has not arrived at what you want (order You haven't executed), your pending order will be canceled. The following is the expiry (expire time) for pending orders on the Metatrader platform:

What is meant by the maximum order given to each different account? , limit orders in a day or something?

@Yuskov Mioard,
As far as I know, there are no limits to the number of orders as long as the funds are still sufficient for the margin fee for opening a position. There used to be brokers that prohibited scalping and limited orders identified for scalping, but now almost all brokers allow scalping.

What is the limit for the balance to be traded?

@Yushkov Milorad

The tradable balance is one that is sufficient for margin trading. When you open a trading account there is a leverage option. The chosen leverage affects your trading margin every time you open an open position.

If your funds are $1000, you choose 1:500 leverage, trade 0.01 lot (1,000 contract size), then the trading margin is approximately $3.00. The $3.00 fund is locked by the broker, the remaining ($1000-3.00)=997.00 you can still use as margin when you re-open the position. The remaining funds are called Free Margin.