This video discusses a couple different approaches for implementing a stop loss. A stop loss helps to limit our risk on a trade.
Full article is here:
https://tradethatswing.com/how-and-where-to-place-stop-loss-orders-on-your-forex-trades/
Stop losses tie directly into our position size, which is how much of a financial instrument we buy or short:
By Cory Mitchell, CMT. Join me on Twitter @corymitc.
Disclaimer: Nothing in this article is personal investment advice, or advice to buy or sell anything. Trading is risky and can result in substantial losses, even more than deposited if using leverage.