What is Stop Order?

What is Stop Order?

A Stop Order is an order type usually used to stop loss or protect profit. In this order type, a trigger price is set for the order to be executed and the order is activated when the price of the asset reaches this trigger level.

The Stop Order differs from other order types in that it allows you to enter a reversal order to stop loss or protect profit.

On Arbitex, you can enter a stop order from the Buy/Sell menu. There are two types of stop orders:

1- Stop-Limit Order: You need to set a trigger price, limit price and trade amount. When your order reaches the trigger price you set, it will be entered into the board and the order will be executed when there is a user who wants to buy or sell at that price.

 

2- Stop-Market Order: You need to specify a trigger price and trade amount. After your order reaches the trigger price, your trade will be executed at the most favorable price in the instant market.

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