The stop loss is a key tool in managing risk, it is essential to learn how to effectively use them.
One easy way to ensure that you always have a stop loss applied to your trades is to set up a default stop loss variable. This function will make it so that every new order you place will automatically set a stop loss at a specified number of pips away from your entry price. The stop loss can always be adjusted after the order has been completed. To learn how this is done, refer to the following article:
For help setting up a stop loss manually,