Our Group: CySEC CIMA FSA

Closing Order


A closing order is a type of pending order used by traders to automatically close positions when the price hits a certain level. They are used in order to automate a part of trading that would otherwise require them to spend all day and night watching charts with their fingers on the “close” buttonClosing positions are used to lock in profits when the price of the asset being traded hasn’t quite reached the desired level.

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