-The Difference between Buy Stop and Buy Limit?
"Buy Stop” -is a buy pending order above the market price.
For example:
The EUR/USD current price is 1.0495.
Moreover, you want to buy EUR/USD if the price goes higher and reaches 1.0515.
Therefore, you have to set a buy stop order at 1.0515.
Now if you place a buy pending order below the market price, that order is known as “Buy Limit”.
For example:
EUR/USD current price is 1.0495.
Moreover, you want to buy EUR/USD if the price goes lower and reaches 1.0480.
Therefore, you have to set a buy limit order at 1.0480.
-The Difference between Sell Stop and Sell Limit?
Sell Limit is a sell pending order that you place above the market price.
For example:
The EUR/USD current price is 1.0495.
Moreover, you want to sell EUR/USD if the price goes higher and reaches 1.0515.
Therefore, you have to set a sell limit order at 1.0515.
If you place a sell pending order below the market price, that order is known as “Sell Stop”.
For example:
EUR/USD’s current price is 1.0495.
Moreover, you want to sell EUR/USD if the price goes lower and reaches 1.0480.
Therefore, you have to set a sell stop order at 1.0480