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Home / Beginners / Forex Glossary / Term "stop-loss-order"
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Stop Loss Order

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Stop Loss Order - ia an order type whereby an Open Position is automatically liquidated at a specific price. Often used to minimize exposure to losses if the market moves against an investor's position. As an example, if an investor is long USD at 156.27, they might wish to put in a stop loss order for 155.49, which would limit losses should the dollar depreciate, possibly below 155.49.