An order to automatically close an open position once an asset’s price reaches a predetermined level.
Did you know?
The GBP/USD pair is widely referred to as “cable”. The term dates back to the 19th century, during which the exchange rate between the U.S. dollar and the British Pound was transmitted across the Atlantic via a huge cable that ran across the ocean floor and connected the two countries.
Word of the day
"Divergence" - The point of separation between an asset’s price movement and an indicator. It is usually received as a suggestion of trend weakening and a sign of future reversal.
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