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What is a Stop Loss Order? - Money Transfers with Stop-loss Orders

What is a Stop Loss Order? - Money Transfers with Stop-Loss Orders

Money Transfers with Stop-loss Orders is where you agree to buy or sell currency pairs at a specific exchange rate. A stop loss does exactly what it says in the sense that it offer your currency protection 24 hours 7 days a week from any negative exchange rate movements. But at the same time as protecting you from negative movements, a stop loss also gives you the opportunity to benefit is the exchange rates was to improve. Using stop loss for your currency options is free of charge and good until canceled.

Setting a currency order to automatically buy currency at a pre-determined rate to ensure you won’t miss out should the market reach your desired exchange rate at any time.

Money Transfers with Stop-loss Orders
Where currency is bought and/or sold for delivery when an agreed exchange rate is available and /or protecting against adverse market movements; An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will be executed at a specified price after a given stop price has been reached. Once the stop price is reached, the stop-limit order becomes a limit order to buy (or sell) at the limit price.

The primary benefit of a stop-limit order is that the trader has precise control over where the order should be filled. The downside, as with all limit orders, is that the trade is not guaranteed to be executed if the currency does not reach the limit price.

A stop order is an order that becomes executable once a set price has been reached and is then filled at the current market price. A limit order is one that is at a certain price. By combining the two orders, the investor has much greater precision in executing the trade.

Stop Limit Orders

A Stop Limit Order is used to open a position (or an exposure) with a Stop Limit order to buy or sell a symbol at a predefined rate. A stop limit order to type means that you want to buy or sell at a worse price than the market rate.

Stop Limit Order Example:

The GBP/E UR rate is 1.23. If you want to buy GBP/EUR when the price is less desirable for purchasing, they can place a limit to buy the GBP/EUR at 1.20.

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