An order that automatically closes a position when price hits a pre-set adverse level.
A stop-loss removes emotion from exits and caps the worst-case loss per trade. Disciplined traders set it the moment they enter a position, never after.
Stops can slip during gaps or volatile news — consider guaranteed stops or smaller size around scheduled releases.
Coral Markets publishes a full trading glossary so working traders can quickly check definitions in plain English. Every term ties back to how the concept actually shows up on MetaTrader 5 and on real charts.