Thread: Stop Loss order

Stop loss value is greatly exaggerated. Especially for long-term trading. With long-term trading, the trader will have time to close the losses from the market. This is when short-term trading there are sharp movements, from which perhaps the trader would like to escape the stop loss. But more often stop loss interferes and brings unnecessary losses to traders.

Originally Posted by Brian Corn

A Stop Loss order limits traders’ losses to an amount they feel comfortable with. They don’t need to monitor the market; once the price is reached the trade will close. If the price is reached and the trend changes back in their favor, their trade will be closed out. I am trading with a regulated broker called AAFX which has fast execution system and smooth trading platform.

I find this a biut awkward there's no such order as StopLoss Order, there are Buy Stop and Sell Stop, I've never heard or StopLoss Order. If your broker AAFX has such an order, I would be scared to trade with them!