Stop order

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An order sent to a broker which becomes a market order when the market reaches the specific price stated. In volatile (or fast) markets, slippage may occur.

Stop orders are normally used to take the trader out of a trade in the event the market goes against his/her position.

School of Pipsology:

Stop Loss? What's That?

Types of Orders

What Kind of Stop Suits Your Trading Style?

Placing Stops with Fibs

Related Articles:

Breakout Looming on USD/CAD???

Stop Limit Orders (forum post)

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