What is the difference between entry price and liquidation price?

Entry price is the price at which a trader opens a position, serving as the reference point for profit and loss calculation. Liquidation price, on the other hand, is the price at which a position is forcibly closed due to insufficient account funds. The higher the leverage, the closer the liquidation price will be to the entry price, increasing the risk. Therefore, traders must always be mindful of liquidation levels and avoid excessive leverage. MIM clearly displays both entry and liquidation prices on the account screen to assist in risk management.