Order Types
Stop-Limit Order
Definition
What is Stop-Limit Order?
An order that becomes a limit order after a stop price is reached.
Example in practice
How This Looks in Practice
A stop at ₦18 and limit at ₦17.50 may remain unfilled below ₦17.50.
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Related Terms
Order Types
Market Order
An instruction to buy or sell immediately at the best available prices.
Order TypesLimit Order
An instruction to trade only at a specified price or better.
Order TypesStop Order
An order that becomes active after a specified trigger price is reached.
Market DataOpen Price
The first official or regular-session traded price for a period.