Stops = stop-loss orders

If you’re going to spend some time and money in the FX market, then it’s advisable to get used to the lingo. ‘Stops’ are stop-loss orders and if there are stops above the market, that obviously means that there are stop-loss buy orders above the market; stops below the present spot rate implies stop-loss sell orders.

For other useful lingo please use the Forex Jargon link at the top of the page.