Stop Limit Indices Order & Stop Loss Indices Order Definition Explained
Stop Entry Indices Order - Stop orders are set to buy above or to sell below the current market indices trading price. Stop entry orders are automatically executed so as to open new stock indices trades once the stock indices trading market stock indices trading price reaches the specified stop entry stock indices trading price zone.
Stop Loss Stock Indices Order - Stop loss orders are stock indices orders set by traders to close a trade automatically after stock indices trading price has moved against their open trade position by a number of specified pips. This is done to prevent more losses for that particular trade. A stop loss is automatically executed by the MT4 platform.
Another difference is that stop entry orders open new trades while stop-loss order close open trade transactions.
To learn & know more about Stop Entry Indices Order & Stop Loss Indices Order
Stop Entry Indices Order Definition & Example
Stop Loss Indices Order Definition & Example
What is Difference between Stop Entry Indices Order & Stop Loss Indices Order?