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Do Stop Loss or Take Profit orders guarantee the exit price for my trade?
Stop Loss and Take Profit orders set a price point where if the selected price is met or exceeded in the market Bid or Ask price, a market order will be sent to close your trade. In this way, a Stop Loss or Take Profit price is simply a trigger level for a market order. This means that in a fast-moving market or after price gaps occur it is possible the price you receive on exiting the trade is different from what you have set.
You may receive a price that positively or negatively impacts your trade, and this is known as 'slippage'. It's an inherent aspect of trading, as the market order that's sent to close your trade will be executed at the next best available price or the fair market value.
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Tradiso Group Limited
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Suite 305, Griffith Corporate Centre, Beachmont, Kingstown
St. Vincent and the Grenadines
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Tradiso Group Limited
Contact Us
Suite 305, Griffith Corporate Centre, Beachmont, Kingstown St. Vincent and the Grenadines
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© 2021 Tradiso Group LLC
Risk Warning: Trading CFDs and FX is risky. It isn't suitable for everyone and if you are a professional client, you could lose substantially more than your initial investment. You don't own or have rights in the underlying assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn't take into account your personal objectives, financial circumstances, or needs. Please read our PDS and other legal documents and ensure you fully understand the risks before you make any trading decisions. We encourage you to seek independent advice if necessary.
Tradiso Group LLC is located at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown St. Vincent and the Grenadines and is regulated by St. Vincent and the Grenadines Jurisdictions.
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© 2021 Tradiso Group LLC
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