Everything you need to know about Using a Stop Loss

Today s topic is one of the most important issues we deal with as traders:  The Stop Loss.  A stop loss is an order we place in the market after we decide where our entry should be.  It essentially closes our order for a loss at a pre-determined point.  Why would we ever want to close out for a loss?  What makes a stop loss so important? It Stops The Loss:  I know that might seem obvious, but consider the alternative. Without having a stop, the market might just run an extreme number of pips against you (which can happen QUICKLY sometimes) and depending on order size, deplete the account significantly OR blow it altogether.  Say the power goes out OR your internet connection while you have a trade open.  What if you can t get connected for hours??  What happens to your trade?  Knowing exactly the worst you can do is an actual point in space leads to both better planning and more consistent results.  It protects us from many what ifs in trading that we cannot predict.  It
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