WHAT IS A STOP ORDER?
A stop order becomes a market order only once a specified price is reached. A buy-stop order is an instruction to buy a currency pair at the market price once the market reaches your specified price or higher; that buy price needs to be higher than the current market price. A sell stop order is an instruction to sell the currency pair at the market price once the market reaches your specified price or lower. That sell price needs to be lower than the current market price.