Your order has a stop loss. This is a price you preset as the maximum amount you are willing to lose before your order closes automatically. During the news, prices can move up and down quickly, and hit your stop loss (thus "stopping you out") before moving in what would have been a profitable direction. Of course, you might experience slippage as you are stopped out, thus costing you even more money.
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Articles in Forex Traders Glossary
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There are 96 articles in Forex Traders Glossary.
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A
B
C
D
E
F
G
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G (cont.)
H
I
K
L
M
N
O
P
Q
R
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R (cont.)
S
T
V
W
Y
Z
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Stopped out
Linear Mode
