Try to put your stop loss on a previous high or low and a higher time frame.... That way you have a position "without" a stop loss to be hit right at once on the time frame you trade from...but still you have a "safety button" in the bigger picture in case it goes all bad.This gives your trade a little more space to play out and you know that in worst case scenario, you aren't all out of the game and live to trade another day

Stop loss is very essential for the beginners and professional Forex traders. It helps a trader not to incur losses and it also makes one's account more profitable.