Lets get you using stop losses to manage your own risk. This task will require you to use a trading account to carry out the exercise.
Goal: Set a stop loss order to protect downside risk
Exercise: If you have a practice/demo account set up with a broker go into it and find the UK100 market and the deal ticket. If you wanted to buy UK100 at the price quoted and wished to risk 50 points, at which price should you set your Stop Loss order.
Difficulty: 1/3
Time to complete: 15 minutes
Solution….don’t press play until you’ve done your bit:
