What is “Stop-loss”?
16 January 2016
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What is “Stop-loss”?
Stop-loss is an order to close an open position at a price that is less favorable for the client than the current price when the order was placed. It is used to limit losses when the market moves against you. Stop-loss levels are always set below the current ASK (buy) price or above the current BID (sell) price.
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