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Guaranteed Stop Loss
What is Guaranteed Stop Loss in Forex?Guaranteed Stop Loss (GSL) — is a regular stop loss with extra guarantee — a guarantee that Stop Loss order will be executed under any market conditions.
Forex Market is known to have times of high volatility (more so during important economical/political events), and with volatility come price slippage and market gaps.
Both events will result in regular Stop Losses caught in between being carried over to the next available price and executed at a less favorable rate = resulting in higher losses.
Guaranteed Stop Loss stands on guard of that and "insures" there will be Stop Loss executed at the exact price level set by a Forex trader.
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Who would benefit from a Guaranteed Stop Loss?
To your trading success!
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