What is a stop-loss?

A stop-loss is an order placed to limit losses when the market moves against expectations. For example, if a buy order is placed at 1.2000 with a stop-loss at 1.1950, the position will be automatically closed if the price falls. This reduces emotional decision-making and protects the account from large losses. MIM’s platform allows stop-losses to be easily set, making it accessible even for beginners. Thus, stop-loss is a critical tool every trader must master.