The episode explains how a Stop Loss order functions in both stock and CFD trading. It describes how Stop Loss can be used to protect against losses and secure profits at the right moment. The episode covers various terms such as order type, price, trigger conditions, and trigger price, providing examples of practical applications of Stop Loss orders. It also warns about the risks associated with using Stop Loss and explains its function in CFD trading, considering leverage and margin requirements. Finally, it discusses the pros and cons of using a Guaranteed Stop versus a standard Stop Loss order.

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