An exit trade order, which automatically closes an open position at a specific price, specified in advance by the trader. A Stop Loss limits potential losses should the market go against you.
Vincent Nyagaka is a Professional Trader, Analyst & Author. He has been actively engaged in market analysis for the past 7 years. He has a monthly readership of 100,000+ traders and has taught over 1,000 students since 2014. Vincent is also an experienced instructor and public speaker. Check out Vincent’s Professional Trading Course here.