How to Place a Stop Loss or Limit Order?
A stop loss is a type of order that investors or traders use to limit their potential losses. A limit order is an instruction to purchase or sell a stock or other security at a specified price or better.
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Stop Losses and Limit Orders
SETTING YOUR STOP OR LIMIT
You can place a stop or a limit order by filling in the 'Stop' or 'Limit' fields after you have opened the trade ticket.
The minimum level at which you can place your stop or limit will also be shown.
USING GUARANTEED STOPS
To place a Guaranteed Stop check the 'Guaranteed Stop' tick box. A Guaranteed Stop means you will always be stopped out at that level, unlike a regular stop which can be vulnerable to gapping in times of high market volatility.
You will have to pay a small premium to guarantee your stop, which is shown by the 'Extra spread' amount. Note, you can only place a Guaranteed Stop at the time of placing your trade - you cannot add a Guaranteed Stop at a later time.
EDITING YOUR ORDERS
To add a stop or limit to an existing position, or to amend a stop or limit, click 'Open Positions' at the bottom of the left-hand menu, then click the 'Edit' button next to the trade you wish to edit.
SUBMITTING YOUR ORDER
You can then either add a stop or a limit to a position without any stops or limits attached or amend an existing stop or limit level.
Hit 'Submit Request' to activate the new stop or limit levels
How to Use OUR CHARTS
Discover the advantages of using charts, such as the ability to identify patterns and trends, and learn how to use technical indicators and tools to enhance your analysis.
