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13-11-2017, 09:59 PM
The Stop Loss is an order which allows a trader to close a position when their chosen instrument reaches a certain price. Stop Loss parameters can be set before or after the opening of a position. A stop loss allows you know lot dimension calculator (https://alpari.com/en/trading/calculator/) in the trader to avoid excess losses by automatically closing a position. The obligatory condition of setting up a stop loss is that the financial instrument’s price should not be lower than the current market price when selling and not higher when buying.