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What is Trailing Stop Order.
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Stop Loss Orders And Limit Orders Explained - When And How To Use It - Trading BasicsTrading options. Instant order Limit order Market order Stop order Trailing stop order Fill-or-Kill order How do I cancel an open order? What is the difference. Stop orders are usually used to limit potential losses in case the price suddenly rises or drops. When you place a stop order you set an entry/exit price. The order book also tries to match takers (market orders) with makers (limit orders). In this case, the taker (id = ) initiated an order that crossed.