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Whats A Limit Buy. A limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received (the “limit price”). This makes it so you don’t have to constantly watch the charts.
from venturebeat.com
This is the only difference. A buy limit is used to buy below the current price while a buy stop is used to buy above the current price. You can even use this as a sort of ‘set it and forget it’ order if you want.
Limit orders allow you to specify the minimum price at which you will sell, or the maximum at which you will buy, an asset. Limit orders allow you to specify the minimum price at which you will sell, or the maximum at which you will buy, an asset. The advantage of limit orders is that you know what you will get in terms of price: A buy limit is used to buy below the current price while a buy stop is used to buy above the current price.
