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Today Economic Calendar GMT
High volatility expected on CAD pairs

Many beginners wait for the “perfect moment” to enter a trade manually. But professionals use pending orders - a tool that opens trades automatically based on pre-set conditions. Let’s break it down in simple terms:

👌 Buy Limit - an order to buy below the current price.
👉 Used when you expect a pullback and want to buy cheaper, anticipating further growth.

👌 Sell Limit - an order to sell above the current price.
👉 Works if the market is rising but you’re waiting for it to hit a resistance level to sell at a higher price.

👌 Buy Stop - an order to buy above the current price.
👉 Used when you expect a breakout above resistance and want to enter the market on upward momentum.

👌 Sell Stop - an order to sell below the current price.
👉 Used if the market breaks support and you want to follow the downward trend.

💡 With these tools, you can:
- Stop staring at charts 24/7
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- Remove emotions from trading

⚡️ The main thing is to set levels correctly and always remember about stop loss

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