What is Difference between Stop Oil Orders & Limit Oil Trading Orders in Crude Oil Trading?

How to differentiate Between stop Oil orders and limit Crude Oil trading orders

Stop orders are set to buy above or to sell below the current market oil price

Limit orders are set to buy or sell at a better crude oil price after a oil price retracement.

It is easier to first of all remember one concept. The easier concept is that of Stop Oil Trading Orders - Stop Oil Orders are set above & below the current market oil price.

To learn how to set up these pending oil orders read lessons:

Setting up Buy Limit Oil Order and Sell Limit Oil Trading Order on MT4

Setting up Buy Stop Oil Trading Order & Sell Stop Oil Trading Order on MT4

What's Difference between Stop Oil Orders & Limit Oil Trading Orders in Oil Trading