Confused Understanding Limit Orders And Stop Orders In Forex Trading, Can Someone Explain It To Me? | All About Money Online

It applies to any type of trading – Limit order applies to selling. You ask your broker to buy something below limit (like buy XXX at $5 or less rate). Stop order applies to selling. You want to stop your hold when price falls below a minimum (sell 200 of XXX if price falls below $3). Stop order is a way to minimize the losses.

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