limit order

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Stop loss order : The unsung hero of the trading fraternity

Stop loss is a type of order through which a trader specifies to his/her broker to exit the holding position automatically, on the event that price moves contrary to the expectation. It is crafted to minimize the loss when unprecedented moves happen (it does 90% of the time) and the trader is not caught off-guard. For example, let us say you're holding a long position in the EUR/USD bought at 1.14000. And it moves to 1.13000. If you're confident that it will bounce back and head to your anticipated price, then the relevance of stop-loss order doesn't come into [...]

Stop loss order : The unsung hero of the trading fraternity2019-03-12T10:32:25+00:00