Stop Loss is intended to minimize losses for specific orders when the price has started to move in an unprofitable direction. For Buy orders stop loss is set below the current market price. For Sell orders stop loss is set above the current market price. Stop Loss level is stored on the broker’s server so you don’t need to keep your PC turned on all the time — the function will be executed when the market price reaches your Stop Loss level.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.