Hi all
I have been doing some trading on short time frames and have been doing market execution trades. But recently after reading some forum posts I've decided I must try rather more time frames like 1h. But I have now understood it is better to set up pending orders if certain criteria are met such ass when the price drops to a certain value then only market. Now I look at buy limit, sell limitation, buy stop and sell stop.
Now I understand that should I would like to buy in a future trade I would use a buy limitation or buy stop but now I am not sure how these order executions work and what the advantage or disadvantage of each is. Could we explain this. Thank you a lot.