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Stop-order

Stop-order – is an order, which becomes a market order, when price quotations reach fixed in advance level. But losses are limited and profit is realized. Stop-orders are often used by traders when setting possible losses in open deals. The realization of stop-orders according to price, fixed by a trader, is usually not guaranteed. Because the price can be lower than it was expected, in the case of sliding or abrupt price impulses.

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