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Is stop loss part of forex trading?

Stop Loss is a feature provided by brokers to limit losses in volatile markets if the price move in the opposite direction. It helps traders to reduce loss. The trader also uses this order as a risk management strategy. Brokers often fail to execute the SL order due to slippage. Slippage is common in trading. But my broker Eurotrader execute my order with less slippage.
 

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