Configuring preferences and options in Outlook.com
Greetings!
This is Tin, you can also reset your password by following the steps below specially if you have forgotten your old password.
Go to https://account.live.com/ResetPassword.aspx
Enter your email address and proceed to the verification.
Once you were able to verify it, you will be able to reset your password.
For reference: https://support.microsoft.com/en-us/account-billing/reset-a-forgotten-microsoft-account-password-eff4f067-5042-c1a3-fe72-b04d60556c37
Thanks,
Tin