What is Stop Loss? Agent June 12, 2019 06:52 Updated Follow A pending order for closing a position at a specified rate (price) which you have set, in order to limit loss. Related articles What is Take Profit? What is P&L? Can I open/close a trade over the phone? How do I log in to my trading account? What is Initial Margin? Comments 0 comments Please sign in to leave a comment.