When to buy limit and when to buy stop?

[kabir anand]

When to use a buy limit versus a buy stop order in Forex trading depends on the trader's strategy and market conditions. A buy limit order is placed below the current market price and is used when a trader expects the price to fall before bouncing back up. A buy stop order is placed above the current market price and is used when a trader expects the price to rise before retracing downwards. Ultimately, it's important to have a clear understanding of the market dynamics and to use these order types in a disciplined and strategic manner to maximize the chances of success.