What is trigger order?

Trigger order is a pre-set order that users place ahead with an order price and contracts amount (like a limit order), which will only be triggered under specific conditions (a trigger price/ trigger).

Once the market price has reached the trigger, the pre-set order will be executed. With this type of order, users don’t need to keep an eye on the market all the time, instead, they could set an order in advance to sell or buy contracts, which would help to take profits and stop losses.