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Showing posts with label buy stop. Show all posts
Showing posts with label buy stop. Show all posts

Difference between buy limit and buy stop order

When you are entering a trade there are 2 methods to do it

  • By entering at market price:  You will be buying or selling at the current market price.
  • Using pending orders: If you want to buy/sell at a particular price (which you analyse as important) and that price has not yet reached, you can use pending orders.

When to use pending orders?

If you are buying:

Pending orders for a buy can be put as buy limit or buy order.
  • Buy limit: If you want to buy at price below the current price use this tool.