Buy Limit: Buy when the price falls to a predetermined lower level, suitable for low-price buying strategies.
For example, if the price of gold is expected to fall from 2000 to 1980 and then rise again, you can set a Buy Limit of 1980 and wait to buy at a lower price.
Sell Limit: Sell when the price rises to a predetermined higher level, suitable for high-price selling strategies.
For example, if the price of gold is expected to rise from 2000 to 2020 and then fall again, you can set a Sell Limit for 2020 and wait to sell at a high price.
Buy Stop: Buy when the price rises to a predetermined higher level, suitable for a chasing strategy.
For example, if you believe that the upward trend can only be confirmed when the price of gold exceeds 2020, you can set a Buy Stop for 2020 and wait for an upward breakthrough before buying.
Sell Stop: Sell when the price falls to a predetermined lower level, suitable for a chasing strategy.
For example, if you believe that the downtrend can only be confirmed if the gold price falls below 1980, you can set a Sell Stop of 1980 and wait for the price to fall below 1980 before selling.