Stop Limit XAUUSD Order vs Stop Loss XAUUSD Order Definition

Stop Loss XAUUSD Order vs Stop Limit XAUUSD Order

Stop XAUUSD Order - XAUUSD stop orders are pending orders set to buy above or to sell below the current price. Stop orders are automatically executed so as to open new trades once the price reaches the specified stop order price entry level.

Stop Loss XAUUSD Order - XAUUSD stop loss orders are orders set by traders to close a trade automatically after price has headed against their open trade position by a number of specified pips. This is done to stop more losses for that particular trade. A stop loss is automatically executed once the stop loss price is reached.

Another difference is that xauusd stop orders open new trades while stop loss orders close open trades.

To learn and know more about Stop Order & SL Gold Order

Stop XAUUSD Order Meaning

Stop Loss XAUUSD Order Meaning

Stop XAUUSD Order vs Stop Loss Order - Stop Limit XAUUSD Order vs Stop Loss XAUUSD Order Meaning - Stop Loss XAUUSD Order vs Stop Limit XAUUSD Order