The stop loss value is the worst-case estimated price we set.

As the name implies, in order to reduce the possibility of huge losses when losing money, a psychological floor price is predicted in advance. When the price falls to this low price, the position is closed and the loss is stopped.

The setting of stop loss value is often an important aspect that determines the success or failure of our foreign exchange. Some friends set the stop loss very close when operating, so the order is easily closed, which often affects our profits.

If you still have any questions about the stop loss, you can leave me a message with a Q number in your name.