Stop Gold Order vs Stop Loss Gold Order
Stop Loss XAUUSD Order vs Stop Limit XAUUSD Order
Stop XAUUSD Order - Gold stop gold orders are pending gold orders set to buy above or to sell below the current gold market price. Stop orders are automatically executed so as to open new xauusd trades once the xauusd market price reaches the specified stop order xauusd price entry level.
Stop Loss Gold Order - Gold stop loss orders are gold orders set by traders to close a gold trade automatically after xauusd price has moved against their open gold trade position by a number of specified pips. This is done to prevent more losses for that particular gold trade. A stop loss order is automatically executed once the stop loss xauusd price is reached.
Another difference is that gold stop orders open new trades while stop loss orders close open trades.
To learn more about Stop Gold Order & Stop Loss Gold Order
Stop Gold Order vs Stop Loss XAUUSD Order - Stop Limit Gold Order vs Stop Loss Gold Order Definition - Stop Loss Gold Order vs Stop Limit Gold Order
