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What Is A Stop Or Stop Loss Order? |
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Answer» In FINANCIAL INFORMATION EXCHANGE (FIX) PROTOCOL A stop order ( also stop loss order) is an order to buy ( or sell) a security once the PRICE of the security has REACHED above ( or fall below) as specified stop price. When the specified stop price is breached, the stop order is entered as a market order ( no limit). In FINANCIAL INFORMATION EXCHANGE (FIX) protocol A stop order ( also stop loss order) is an order to buy ( or sell) a security once the price of the security has reached above ( or fall below) as specified stop price. When the specified stop price is breached, the stop order is entered as a market order ( no limit). |
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