The first step to make a trade is to settle on a position, followed by placing a trade on whatever platform you chose. The process of placing a trading includes entering the amount you want to stake, and defining the close conditions. For example, you need to set a close position when the market moves against you. That allows you to stop the losses before they get out of hand.
You also need to set a limit that allows you to close your position when the markets are still moving in your favor. With stops and limits, you can manage your risks with greater control.