What is 'Stop loss'?
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Last Update één maand geleden
An order to close a previously opened position at a price less profitable for the customer than the price at the time of placing the order.
Stop loss is a limit point that you set to your order. When reached, the order will be closed. This is useful to minimize your losses when the market is going against you. The Stop Losses point is always set below the current asking price, on a buy or above the current bid price on a Sell.