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STOP LOSS

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STOP LOSS

A Stop Loss protects against adverse currency movements. It sets the lowest possible value or rate you will exchange at.
— Robert Pugsley, Partner

A Stop Loss order works in exactly the same way a Take Profit one does but offers you protection should the exchange rate start to move in the wrong direction for you. You can set a Stop Loss order as an insurance tool, meaning that if the rate moves against you, you are guaranteed that a worst-case scenario rate is secured at a pre-agreed level so there is no risk of the rate getting any worse.


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