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What is a Stop order and how do I place it?

Your strategy may require you to cut losses at a certain point. Stop orders execute similarly to Stop entry orders, but get you out of the market, rather than in. Stop Orders guarantee execution, but not a particular price.

To place a Stop order in Trading Station, please follow the steps below:

  1. From the Dealing Rates window, left click on the Sell or Buy price for the symbol you want to trade.
  2. The Create a Market Order window will appear with all the details for the pending market order.
  3. Click on the Advanced button.
  4. Check the Stop box and enter a Rate.
  5. Click OK

 

FXCM VIDEO LIBRARY How to Create a Stop