Order types and when to use them

Please make sure you understand the multiple order types and when to use them.

• Buy Limit - pending buy order placed at a price lower than the current one.
  
  • If the price is lower than your limit order, it will execute as a market order at the current price.
• Buy Stop - pending buy order placed at a price higher than the current one.
• Sell Limit - pending sell order placed at a price higher than the current one.
  
  • If the price is higher than your limit order, it will execute as a market order at the current price.
• Sell Stop - pending sell order placed at a price higher than the current one.