Stop-loss orders are a type of order that automatically executes a trade when a certain price is reached, helping to limit potential losses. Here are some key points about stop-loss orders:

- _Automated execution_: When the market price reaches the stop-loss price, the trade is automatically executed.

- _Limiting losses_: Stop-loss orders are designed to limit potential losses by exiting a trade when it reaches a certain price.

- _Price protection_: Stop-loss orders provide price protection, ensuring that a trade is exited if the market moves against the trader.

- _Risk management_: Stop-loss orders are an important risk management tool, helping traders to manage potential losses and protect their capital.

- _Trailing stop-loss_: A variation of the stop-loss order is the trailing stop-loss, which adjusts the stop-loss price based on the market price, allowing the trader to lock in profits while limiting losses.

- _Stop-loss placement_: Stop-loss orders can be placed above or below the current market price, depending on whether the trader is long or short.

By using stop-loss orders, traders can help to manage risk and limit potential losses, which is especially important in volatile markets.