Trader's Glossary

Stop Loss Order (SL)

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 average daily trading volume in the foreign exchange market exceeds $5 trillion.

Word of the day
"No Dealing Desk (NDD)" - A No-Dealing-Desk broker passes its clients’ trades straight through to liquidity providers without intervening between the two parties.
Pro Tip

Do not open a real account before doing some demo-trading.