How to Set a Stop Loss in Fyers?

Investment and trading can be a profitable venture when it's done strategically, but this comes with risks, so one of the key strategies to minimize potential losses is placing, is a stop-loss order, Fyers is one of the leading trading platforms, which provides the trader with the tool to safeguard their investment through Stop-loss orders. Here we will discuss How to set a stop loss in Fyers.

Steps to Set a Stop Loss in Fyers

Here is the step-by-step process to set a stop loss in this platform:

Open the Fyer app.

Tap on the search and add.

Search your preferred company and stock.

Tap on the Buy option.

Now set the market price, trigger buy, quantity, and then tick on the BO, then set the Stop loss, and take profit. And then tap on the Buy option.

Conclusion

In conclusion, knowing how to set a Stop Loss in this platform is essential for risk management in trading so following the steps given above can make it easy to protect your trades and minimize the potential losses. So we hope our blog on this stop-loss order is a key element of successful trading, and helps you to stay disciplined and avoid making emotional decisions.

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Saniya

I am a writer, and this sentence speaks louder than anything, I love to play with words because I have a passion for writing easy and good-quality content that reflects simplicity. Readers like content that is straightforward with simple language. My priority has always been to deliver content that connects with the reader.

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