A Stop Loss (SL) is a risk management feature designed to help protect your investment from significant losses.
It works by automatically closing a trade at a specific price level if the market moves against your position. Once the price hits the predefined level and the potential loss reaches the limit you set, the Stop Loss is triggered, and the trade is closed automatically.
Stop Loss is required for all trades, except for non-leveraged BUY positions.
You can set it based on a specific market rate or a fixed monetary value.
By default, the Stop Loss is typically set to 50% of your trade size. This means that if your position loses half of its value, it will automatically close.
You can adjust the Stop Loss setting anytime while the position is still open.
Please note: Under normal market conditions, the Stop Loss functions as intended. However, during times of high market volatility, the price you selected may not be available. In such cases, the trade will close at the next available rate, which may result in a larger loss than expected.
No compensation is provided for losses caused by market fluctuations beyond our control.