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Limit Order
A Limit Order is an order placed to buy below or sell above the
current market price.It triggers only when price reaches your
chosen level.
Example: If Gold (XAU/USD) is trading at $2350,you might place
a Buy Limit at $2340, expecting a small pullback before price
goes up again.If the market reaches $2340, the order activates
automatically.
Types of Limit Orders:
● Buy Limit: Buy when price drops to a specific level
(expecting a rise afterward).
● Sell Limit: Sell when price rises to a specific level (expecting
a drop afterward).
Stop Order
A Stop Order is the opposite of a limit order-it’s used to buy above
or sell below the current price.It activates when price breaks
through your chosen level.
Example: If Gold is at $2350, you may place a Buy Stop at
$2360, expecting that if price breaks above $2360, it will continue
higher.Similarly, a Sell Stop at $2340 activates only if price breaks
below that level.
