– Glossary
Stop Loss Order
An instruction to the dealer to buy or sell a currency pair when it trades beyond a specified price. A buy order is at a rate that is higher than the current market rate, a sell order is at a rate that is lower than the current market rate. They serve to either protect a trader’s profits or limit your losses. stops become markets orders when executed so the order may not be filled at desired price .As a result the initial risk can be estimated but not guranteed. During times of extreme volatility it can be difficult or impossible to execute orders.
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