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Browse the categories below to find what you need.
What is a market order?
What is a pending order?
What is the difference between market and pending orders?
What is a limit order?
What is a stop order?
What is a stop-loss order?
What is a take-profit order?
What is a trailing stop and how does it work?
How do stop-loss and take-profit orders work?
Can I modify or cancel an order after placing it?
How do I place a trade on MT4 or MT5?
How do I close a trade on MT4 or MT5?
Can I close a trade manually?
How do I modify an open position?
What happens when I close a trade?
Can I partially close a trade on MT4 or MT5?
Why was my trade closed automatically?
What is leverage in trading?
What is a stop order?
A stop order is a type of pending order that opens a trade when the price reaches a specific level in the direction of the trend.
- Buy Stop: placed above the current price
- Sell Stop: placed below the current price
The trade is executed automatically once the market reaches your set price.
Stop orders are commonly used when traders expect the price to continue moving in the same direction (breakouts).
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