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Forex Trading What is a Buy Stop order?
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Question by: MoRRis - 11 Jun 2012, 10:59:14
What is a Buy Stop order?
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Answers (2)
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Answer by: john - 12 Jun 2012, 10:41:15

It is an order to buy a security that is entered at a price above the current offering price. It is triggered when the market price touches or goes through the buy stop price. People using a buy stop hope to gain profit, if the momentum gains in a particular stock. If the price exceeds the price you have set, it will automatically trigger a market order.

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Answer by: Jeremy - 17 Jun 2015, 08:30:59

A buy order which is to be held until the market price rises to a specified stop price, at which point it becomes a market order.

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