Glossary Term

Closing Order

Back to Glossary

A closing order is a type of pending order used by traders to automatically close positions when the price hits a certain level. They are used in order to automate a part of trading that would otherwise require them to spend all day and night watching charts with their fingers on the ‘close’ button. Closing orders are used to lock in profits when the price of the asset being traded hasn’t quite reached the desired level.

Found the definition you’re looking for?
If you feel we’ve missed a term; let the Traders Expert team know and we’ll include it in our Glossary.

find out what is a closing order

Join Our Community!

Receive invitations to our live events, webinars & more!

Traders Expert