Forex Buy Stop. As explained above, stop order is when you wait for the price to reach a certain price level and then continues moving in that direction. This is the price at which you instruct the broker to close your position (at a loss).
This is the price at which you instruct the broker to close your position (at a loss). A sell stop order is an instruction to sell the currency pair at the market price once the market reaches your specified price or lower; that sell price needs to be lower than the current market. Stop orders and limit orders can be referred to as 'basic order types', and are quite commonly used for forex.
Stop entry orders are orders to fill.
Were about to embark on an in-depth discussion of stops and limits.
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STOP ORDERS = TRADING WITH THE DIRECTION OF PRICE. Each type can be further subdivided into buy or sell for market orders, and limit or. What is a Buy Stop in Forex.