stop limit order
An instruction to a broker that goes into effect at a particular price or better once the market trades at another specified price. For example, a Forex Trader might want to buy a currency pair on a trading range breakout to the upside, but if they did not simply want to buy at the market, they could instead leave a stop limit order to buy just above the breakout point or better once the breakout point trades.
Browse by Subjects
See All Related Terms »
Statement of Auditing Standards
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):