An order set to execute automatically in the future once price hits a specified level. This is part of the mechanical toolkit traders rely on to control entries and exits with precision rather than reacting to price in real time.
An order set to execute automatically in the future once price hits a specified level. This is part of the mechanical toolkit traders rely on to control entries and exits with precision rather than reacting to price in real time.
It lets traders plan entries without watching the market constantly. New traders benefit from internalizing this early, since it underpins much of the terminology and reasoning used throughout the rest of their trading education.
Includes limit and stop orders sitting above or below current price. In practice, traders typically encounter this directly within their trading platform, charting software, or an economic calendar, depending on the specific context in which it arises.
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