What is a Stop Loss order?

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A stop-loss order (or simply "stop order") is a type of advanced trade order that can be placed on FUMGO. The order specifies that the user wants to execute a trade, but only if a specified price level is reached during trading. This differs from a conventional market order, in which the user simply specifies wishes to trade a given number of pairs at the current market price. On FUMGO a stop-loss order is essentially an automatic trade order given by the user to exchange – only to be executed once the price of the pair falls to the specified stop price stated in user's stop-loss order. Such orders are designed to limit user's loss on a position in a security. On FUMGO with Stop Loss orders, you can minimize your losses.