hello forum friends,
i am new here
i donnot understend stoploss in etoro
since short time i am on etoro and booght some cryptoo
i used sl because i donnot wish to go down too much
for example on one transaction i put sl 10
but i lost already more then 10 dollars and still going down
is it posibel the etoro do not accept stop loss on crypto
really hope some body can help
greetings
I donnot understend SL
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J.Wonderful
- Posts: 4
- Joined: 02 Nov 2021 16:50
Re: I donnot understend SL
Hi NotAlone,
As far as I know the stop loss function on eToro is working well.
SL is the price to which an asset (crypto, share, cfd and so on) can fall down until you automatically close your transaction.
So it is the minimum price for which you want to keep the asset, not the maximum amount you want to loose on a transaction.
I really think that you shouldn't be trading in crypto (not alone
) if you do not yet understand the basic principles of trading.
You should think about getting practice with a demo account, for example the virtual money on eToro.
Or you could consider to copy a Popular Investor on eToro.
STAY SAFE
As far as I know the stop loss function on eToro is working well.
SL is the price to which an asset (crypto, share, cfd and so on) can fall down until you automatically close your transaction.
So it is the minimum price for which you want to keep the asset, not the maximum amount you want to loose on a transaction.
I really think that you shouldn't be trading in crypto (not alone
) if you do not yet understand the basic principles of trading.You should think about getting practice with a demo account, for example the virtual money on eToro.
Or you could consider to copy a Popular Investor on eToro.
STAY SAFE