Stop Loss orders

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.

If the trader above is long USD at 1.4627¹, a stop loss order could be left at 1.4549¹, in case the dollar depreciates below 1.4549¹.

As a rule, sell stops are filled on our bid, and buy stops are filled on our offer. This allows FOREX.com to fill client stop orders at the rate they requested in almost every case. In the rare instance that the market gaps over a requested rate, the stop is filled at the best available price. This is an important point for traders who are accustomed to being filled on sell stops when the offer reaches the requested order rate. For example, if a stop order is placed to sell USD/CHF at 1.4549¹, the trader will be filled when the bid reaches 1.4549¹ (i.e. the bid/offer is 1.4549¹/54¹).