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What is a stop order?

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stop order (sometimes also known as a stop-loss order) is an order to buy or sell once the market reaches a certain price. Once a trade is made at below or above the stop price, the stop order is converted into a market order and executed at market price. Stop orders are normally used to ensure that a sale will not be made below, or a buy made above a specific price, limiting the amount lost - hence the term "stop-loss".

 
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Article ID: 17
Category: Knowledgebase
Rating (Votes): Article rated 5.0/5.0 (1)

 
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