This can be the most common type of order used by traders to manage risk. A stop loss order is simply an order to shut an open position that's placed at a value below or above this market value at a value that the Prime Advantage trader is willing to shut out their open position. It's vital to note that stop loss orders will be at risk of slippage should the value of the Prime Advantage gap, this is a standard incidence when trading share Prime Advantage s. Trailing Stop-loss orders Trailing stop orders are similar to prevent-loss orders with the exception that the value of the order moves in accordance with a pre-determined distance from this trading worth, this distance is set by the trader at the time of putting the order. It's important to notice that the value of the order will solely change if the value of the instrument moves in a very favourable direction, should the value move against the trader the value of the trailing stop order can not amendment. This order sort works like a ratchet, in that it can be used to lock in profits because the position moves in favour of the Prime Advantage trader without the necessity for the trader to constantly amendment the price of their stop-loss order.
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