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What is Sell Stop Order?

An order placed with a broker to sell a currency pair when it reaches a certain price. A stop-loss order is designed to limit an investor's loss on a position in a currency pair.
In other words,if you place a sell pending order below the market price, that order is know as “Sell Stop”.
It is also known as a trade order to sell at the best possible price, once the price has dropped below a specified price.

 
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