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General TradingS
Stop Loss (SL)
An order placed with a broker to automatically close a position when the price reaches a specified level, limiting the trader's potential loss. Stop losses are a fundamental risk management tool in trading.
Example
“She entered a long trade on EUR/USD at 1.0850 and placed her stop loss at 1.0800, risking 50 pips to protect her account if the trade moved against her.”