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