What the different between Buy/Sell STOP and Buy/Sell LIMIT

[Free2Breath]

Hello Traders

I'm confused about Buy/Sell STOP and Buy/Sell Limit.

Can anyone explained about that.

Thank you
Have a Nice Day.

 

[Enivid]

• Buy Stop is a Buy order that will be executed at a price higher than the current one. E.g. if EUR/USD is now at 1.1230, and you want to buy it when the price reaches 1.1300, you set up a Buy Stop order.
• Sell Stop is a Sell order that will be executed at a price lower than the current one. E.g. if EUR/USD is now at 1.1230, and you want to sell it when the price reaches 1.1200, you set up a Sell Stop order.
• Buy Limit is a Buy order that will be executed at a price lower than the current one. E.g. if EUR/USD is now at 1.1230, and you want to buy it when the price reaches 1.1250, you set up a Buy Limit order.
• Sell Limit is a Sell order that will be executed at a price higher than the current one. E.g. if EUR/USD is now at 1.1230, and you want to sell it when the price reaches 1.1290, you set up a Sell Limit order.

Let me know if this helps.

 

[Free2Breath]

Thank you for Enivid, Your answer really help me to understand about that STOP/LIMIT