How to Place a Stop Loss

How to set a Stop Loss on a trade.

How can I place a stop loss?

Placing a stop loss on a position can be done in many ways. You can place it by clicking and dragging the position on the chart itself which will visually show you the stop loss being placed. Another way is to press the small pencil icon on the “Stop Loss” in the “Open Positions” section.

To place a stop loss prior to opening a trade, press the “+ New Order” button next to your symbol, press on “Stop Loss” and write your level, and then proceed to enter a trade. Also note a great feature, that by doing this you are able to select the stop loss level and all trades open by one click trading will open with that same Stop Loss level which will save you a lot of time of having to edit them all one by one after opening.