An order to close an open trade so as to minimise losses in the event that the price moves in an unprofitable direction.
Did you know?
The GBP/USD pair is widely referred to as “cable”. The term dates back to the 19th century, during which the exchange rate between the U.S. dollar and the British Pound was transmitted across the Atlantic via a huge cable that ran across the ocean floor and connected the two countries.
Word of the day
"Momentum" - The rate at which the price and volume of an asset accelerate, either positively or negatively.
There is no get-rich-quick formula. If someone promises you one, take a step back, and then run as far away from them as possible.