Definitions for "Stop Loss Order"
A stop loss order is a means of limiting your risk from adverse exchange rates. A currency level is set. If that currency level is reached, the trade is automatically executed in the market. The currency level used for a stop loss order is always worse than the current market price. This is a way to protect yourself from adverse changes in exchange rates without needing to constantly monitor the rate.
A stop sell order is used to protect profits or limit a potential loss. The order becomes a market order when the stock sells at or below the stop price.
An order to sell a stock if the price falls to a certain level, in order to protect an investor from further losses.
a risk-reducing instrument which is widely used by speculators in the foreign exchange markets