What is a stop loss and take profit?

Hello! (I apologize for my English, I use Google Translator). I have been trading relatively recently, but I have a question. What are FX orders? I do not mean their types, why they are needed and how to put them correctly, I am interested in how the market reacts to them. So, let's say I put a buy order and stop loss to it and suppose the price broke through it. My stop loss then becomes a kick order? To buy or to sell? The same thing with take profit.
In short, I am interested in the mechanics of the market. How it works and reacts to various types of orders. In order not to spend a lot of time on me, you can just say where to look for such information. Books, articles. Thanks in advance!

www.babypips.com/learn/forex

Take the whole course and learn everything. It is probably one of the easiest and best ways to learn the basics before starting to trade.

STOP LOSS = "ok, thats it, i was wrong im not gona lose anymore.. closing this trade now"

TAKE PROFIT = "nice !! let me close this trade and pocket the profit.. hell yea! "

Indeed, it’s a great feeling when I have a new TP! By the way, I would like to learn from my own trading mistakes; that’s I take care all of my SL positions!

Both stop-loss and TP are orders to your broker to close the trade when the price you specify is reached. Always set a stop-loss when you either open a trade or set an entry order to open a trade - this makes sure your loss stops increasing as price moves more and more against you.

its a common complain from so many traders that their stop loss or take profit doesn't work accurately , generally some of us think its a technical problem but the real reason is broker cheating attitude , how this technique will work in your trading time , it completely depends on broker transparency.

I agree. And sadly we all know that brokers cannot always be trusted, unfortunately.

SLs saves your accounts from wiping off

If it is properly implemented. Otherwise one can gradually destroy their account.

A trader always wishes that he doesn’t make losses in the market and with the opening of every trade he wish to make some profit. But it is not always certain that he will be in profits only, so some the brokers provide a very beneficial feature to the traders that is known as :-
1. Stop loss
2. Take Profits
Stop loss is a restriction that a trader can put while opening a new trade that if the market moves against his trade then the position will be automatically closed when a certain level of loss is triggered, though it may not be possible that the stop loss is executed at the same price that has been set, as there can be price movement even after the price is triggered. Stop loss can be applied while opening a new trade or it can be applied on an already opened position, a stop loss can also be readjusted if the trader wants to.
Take profit is a limit that a trader set in his system to achieve a certain amount of profit while trading. As soon as profit rises to target, the trade gets closed automatically.

Stop loss is an instruction to a broker to close a trade when a certain level of price loss is reached. For example, you open a deal to buy an asset for $50. Except for probability of growth, the asset can also lose in the price, in this case a minus, for example -$35 is formed on your balance. If you don't want to lose more than $7 from a transaction, you can set the stop loss - the price level at which a transaction will be automatically closed fixing the minimum loss for you.
As an example, many traders spend only a few hours a day at the monitor screen and open deals in the medium or even long term. Accordingly, to protect your deposit from negative market fluctuations, you can set the stop loss at a level that you consider acceptable for possible losses.
Take profit is a type of delayed order to the broker to close a deal when the price reaches a certain level - profit. If the price reaches the take profit level, the transaction will be automatically closed and the profit will be fixed.
The value of this delayed order is comparable to the value of stop loss. Traders cam't always watch the market without a break and wait for the necessary moments. Finally, take profit is set if a trader has concerns that he may lose contact with the broker's server. In this case, such a delayed order to close the position will be a kind of insurance.

Stop loss helps you limit your losses so that you don't end up blowing your account if you open a position that you should not have, in the first place.

You can also go to google to check your question. Read many places then you will understand

Using Google to search for information can be very useful, but one needs to know how to pick the useful information out of the enormous amount of tutorials they will find, and they will definitely not always be useful.

Well said. Many traders hesitate using it and many just don't use it all. According to me, it saves us from big damages sometimes, so we must consider using it.

Although it is true that there are some big-time traders who refuse to use stop-loss I would never advise against using it. It's a good safeguard and helps me sleep peacefully.

A stop loss (SL) is a price limit entered by a trader. When the price limit is reached the open position will close to prevent further losses. A take profit (TP) works in a similar way - it automatically closes a position once a profit target is reached to lock in profits.

additional question here,
Yesterday a situation occured on a brokerplatform. When the market opened I had set a stop loss for my open positions and slippage occured. This slippage was so huge that it closed way passed my stop loss amount, which ofcourse I know can happen. But then it also failed to close at margin call. 4 hours before I had requested to withdraw money, so I was under the impression that even if my positions close at margin call, this money would at least be my win. But, indeed, this wasn't. The broker cancelled my withdraw and used that money to close the positions wayyyy below margin call. So basically most of my money was gone.
Also, the money that was left in the account was less than the sum of all losses I had suffered.
I have contacted support about this, but can someone tell me, is this normal practice?
I cannot find anything similar on the net, so I definitely hope there is someone who has some knowledge on this?

That's really very important information for new traders like us.

In simple words stop loss locks the maximum loss you can bear and take profit fixes your profit at a point when the price reaches a certain level. Now to understand how it works, lets take an example:
You placed a sell order of EURUSD and wish to protect your trade from extreme losses but also want to get a minimum profit of certain value as per your analysis. To protect your losses, you will place a stop loss at a price above than your opening price upto the level of your maximum loss bearing capacity.
On the other hand, you will fix your take profit at a price lower than your opening price upto the level of the maximum profit you have analysed from the trade.

The level at which you set the tp or sl depends upon the pips you want to earn and the maximum pips you can bear to loose. Considering the above example, your trade will close in profit, when the price strikes your take profit level and similarly when the market price rises upto your stop loss level, your trade will close in loss but it will certainly protect any further loss and the trade will automatically close.