American and British Stock Performance is Not Representative of the Rest of the World Stop-Loss Orders Are not a Fix for Bad Investment Decisions

Stop Orders in Forex Trading

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Stops are determined by an investor and are specific points within a currency's target range. When prices reach these stops, the stop order becomes a market order and the currency is unloaded - with the investor presumably making a "reasonable" profit for their troubles. Most successful scalpers use technical analysis (historical data) to determine the stop points for the currency exchanges.
Source: http://www.investorguide.com/igu-article-972-forex-basics-forex-scalping-strategy.html