Yes, you can set a stop-loss on eToro to help manage the risks and protect your investments. A stop-loss is an instruction that automatically closes your position if the market moves against you by a specified amount. This tool helps limit potential losses without requiring constant monitoring of the markets.
Using stop-loss orders on eToro is a good move if you're serious about managing risk and protecting your investments. I suggest that you familiarize yourself with how these orders exactly work and think about adding them to your trading strategy. Also, keep these points in mind:
- Mandatory for Certain Trades: Stop-loss is mandatory for all positions except non-leveraged buy positions.
- Not Guaranteed: Under volatile market conditions or during market closures, the stop-loss may not execute at the exact specified price and could potentially result in a different execution price.
- Trailing Stop-Loss: eToro offers a trailing stop-loss feature, which adjusts the stop-loss level as the market price moves in your favor. This locks in profits while limiting the potential losses.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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