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Glossary

Stop on Bid Order

Buy Stop on Bid Order 

When a Trader submits an order to Buy Stop on Bid at 1.3880:

BID ASK
1.3880 1.3885


The order to Buy Stop on Bid at 1.3880 will be initiated when the market price reaches 1.3880 on the BID side. It will be then executed at the next best available ASK price.

Sell Stop on Bid Order 

When a Trader submits an order to Sell Stop on Bid at 1.4014:

BID ASK
1.4014 1.4018


The order to Sell Stop on Bid at 1.4014 will be initiated when the market price reaches 1.4014 on the BID side. It will be then executed at the next best available BID price.

Stop on Offer Order

Buy Stop on Offer Order 

When a Trader submits an order to Buy Stop on Offer at 1.3880:

BID ASK
1.3880 1.3885


The order to Buy Stop on Offer(Ask) at 1.3880 will be initiated when the market price reaches 1.3880 on the OFFER (ASK) side. It will be then executed at the next best available OFFER price.

Sell Stop on Offer Order 

When a Trader submits an order to Sell Stop on Offer at 1.4014:

BID ASK
1.4014 1.4018


The order to Sell Stop on Bid at 1.4014 will be initiated when the market price reaches 1.4014 on the OFFER (ASK) side. It will be then executed at the next best available BID price.

Stop Order

A Stop order is a risk management order type which trader use to limit their losses or protecting their existing position.

It can be used to initiate a new position. A Sell Stop is usually placed below current market price and Buy Stop will be placed above current market price. In addition to risk management purpose, some people use Stop order to trade on the market break.