Below is a glossary of terms that are used in the online trading industry. Select the first letter of the word you are seeking from the list above to jump to the appropriate section of the glossary.
Stop Loss (S/L)
A market order which automatically closes the position of an unprofitable security or financial instrument when it reaches a specified price, for the purpose of limiting loss and preventing slippage. A S/L can be used in both long (buy) and short (sell) positions. Also known as a “stop order” or “stop-market order”.
Be aware: A Fortrade S/L is not guaranteed and in very volatile conditions may not work, this may lead to further losses.