Stop Market

Stop orders are submitted on the opposite side of the market and are traditionally protect a position. A buy stop order is submitted at a price higher than the current best bid but does not fill until that price trades. A sell stop order is submitted at a price lower than the current best offer price.

Note that if the market is moving rapidly you may get filled at a worse price than the one you entered. If you want to prevent this by setting a limit price for the stop then you can do so with the Stop limit order type.

Stops are useful as loss limits as you can use them to close out a position automatically if the market goes against you.

1. Make sure the chart trading is enabled.
2. Tap here to bring up the menu to set a volume greater than zero.
3. Set the Stop Market order toggle. By tapping the order tool bar and then tap on the S in the drop down, and then the S changes from black to orange. This means the next order submitted will be a stop market order.
4. Buy Stop Tap in the Bid column above the current market. Once submitted you can long-press hold the order drag and drop to revise the order.
5. Sell Stop Tap in the Offer column below the current market. Once submitted you can long-press hold the order drag and drop to revise the order.