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5 Cards in this Set
- Front
- Back
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Order to buy or sell at the best possible price AS SOON AS POSSIBLE
First order filled |
Market order
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Order that is only traded when the market price trades at or "through" a stop price
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Stop order
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Stop order placed above current market price
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Buy Stop Order
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Stop order placed below current market price
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Sell Stop Order
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Why are stop orders used?
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They are used to enter or exit the market upon a change in a trend.
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