used for minimizing of losses if the security price has started to move in an unprofitable direction. If the security price reaches this level, the position will be closed automatically. Such orders are always connected to an open position or a pending order. These orders can be placed only together with a market or a pending order.
Trailing stop order: a stop order that can be set to execute once the market goes against you by a defined price, called the price difference. Trailing stop orders will be available on a desktop version of the platform.
a trade order to purchase or sell an instrument at the current market price.
Limit order: a trade order to purchase or sell an instrument at a specific set price or better. A limit order prevents traders from potentially purchasing or selling stocks at a price that they do not want. Therefore, in a limit order, if the market price is not in line with the limit order price, the order will not execute. A limit order can be referred to as a buy limit order or a sell limit order.