Forex glossary
What is a stop loss?
An order that closes a trade at a set loss to cap risk.
Definition
Stop loss: An order that closes a trade at a set loss to cap risk.
In context
Position sizing connects your risk, your stop loss and your lot size.
From the lesson Position Sizing.
Lessons that cover Stop loss
Forex 101 · 6 min
Order Types
Market, limit and stop orders, plus stop loss and take profit.
Forex 101 · 6 min
Your First Demo Trade
A step-by-step practice trade, done the professional way.
Risk & Psychology · 6 min
Position Sizing
Turn your risk percentage into the exact lot size, every time.
Risk & Psychology · 6 min
Where to Put Your Stop Loss
Four ways to set stops, and why chart-based stops usually win.
Risk & Psychology · 5 min
The Most Common Trading Mistakes
Learn from everyone else's pain, it's cheaper.