Stop Loss
A preset order that closes a trade at a defined level to cap the loss.
Also known asSLStop
Definition
A stop loss (SL) is a resting order that exits a position at a predefined price to limit loss. It operationalizes the size of risk you accepted before entering.
In plain English — A stop loss is the price level at which a trade closes automatically so the loss cannot exceed a set amount. It turns your per-trade risk from an idea into an enforceable rule. A logical stop usually sits behind a structural market level, not an arbitrary number.
Example
Buy at 1.2000 with a stop loss at 1.1950. If price hits 1.1950, the trade closes for a 50-pip loss. SL and numbers stay LTR and English.
Related terms
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