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