Glossary - S

This glossary defines terms used throughout SMC Trader.  A version of this glossary is also accessible through the SMC Trader platform.

The definitions are broken down as simply as possible to ensure you have full understanding of how the SMC Trader works.

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Stop Loss Order »

A stop order that will execute and close a position to limit losses in case of an adverse market movement.

When a stop order is executed, it becomes a market order and is filled as soon as possible at the price obtainable on the market.

Note: This price may differ from the price you set for the order.