what is Stop loss Order

Stop loss Order

A pre-determined order to close an open position in
a contract at a given price should that contract reach
the price designated at some point in the future. An
open ‘Sell’ trade would have a ‘Buy’ stop above the
current quoted price and a ‘Buy’ trade would have a
Sell stop below the current quoted price. Stop losses are
mandatory and are generated by the trading system
but they can be amended by you (subject to availability
of sufficient ‘Trading Resources’ on your account). Stop
loss orders are not guaranteed. If a market ‘gaps’ your
stop loss may not be filled at the level you requested. In
this event we always endeavour to close your trade at
the best price reasonably achieva