What does “Stop Loss” mean?
It is an order you set to automatically stop your losses if the price drops below a certain limit.
The goal? To protect your capital and not lose more than you can afford.
A simple example:
You bought a currency for $1.00
And you set a stop loss at $0.90
This means: If the price drops to $0.90, your currency will be sold automatically, and you will only lose 10%