What are buy/sell stop orders and buy/sell limit orders?
As a trader, you
have the opportunity to decide when and how you want to deal with the market
once a price reaches a particular point.
A Limit Order
offers the opportunity to buy at a price lower than the current price. Also,
you can request to make a sell at a higher price than the current market price.
For example, If the current price offer of GBPJPY is at 160.360, you might
price a limit order to buy at 159.090. On the other hand, if the current bid
price of GBPJPY is 160.360, you can place a limit order to sell at 160.400.
Analytic Dave
AnalyticalDave is a personal financial analysis portfolio that captures my Derivatives trading, stock, and investing journey. My portfolio does NOT act as a financial advisor to any community. It is only purposed for journaling my story as a self-taught trader and investor.
