Smart Money Concept.
What is a Stop-loss – definition for a beginner?
A stop-loss order is an order placed with a broker to close a protected position when a quiet market develops according to an unfavorable situation scenario.
If there is a buy signal (long position), a stop loss will close it if the price falls below a particular level, lower than the opening price.
Stop-loss orders are designed to limit a trader’s loss.
A stop-loss order is an order placed with a broker to close a protected position when a quiet market develops according to an unfavorable situation scenario.
If there is a buy signal (long position), a stop loss will close it if the price falls below a particular level, lower than the opening price.
Stop-loss orders are designed to limit a trader’s loss.
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