How many pips do you think is safe for SL ?

The use of Stop Loss is dependent of the traders themselves. anyone directly determine Stop Loss itself determines some are based on several issues related to market itself. I always specify the Stop Loss in a way, pay attention to markets, capital and range on the pair itself.

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Originally Posted by rayhan

As far as my knowledge goes I would say that to me 100 pips is the best for Stop Loss then your loosing money possibility will be very very less here in Forex trading and I think this is the best number of pips which need to be considered while setting SL.

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Be careful when you set a fix amount of stop loss. You should consider the win:loss ratio of your strategy. 100 pips stop loss, if you set take profit for 50, that means for every two winning trades it takes only one loosing trade to wipe them out. On average of 20 trading days in a month, say you trade only once per day, 10 winning days will be wipe out by 5 loosing trades, while you can say anything certain about the last 5. And it doesn't get much better even if your profit point is 75 pips away. The ideal profit for 100 pips stop loss would be 200 pips gain, except that there isn't any pair which has average daily range over 200 pips. So, be very careful.

actually bro this is fully depending on you.which trading method you are using?
if you are a scalper then you should not use stop loss above 10 pips.otherwise if you are a swing trader then you can set stop loss 100 and above.
thanks.:respect:

It's depend on market situation then i think around 50 pips is safe for stop loss. thank you for your question.

i trade with the pivot point and i put the stop loss after the breaking of the resitence point or the support one by 10 point until 15 point so i think it safe for the stop loss to trade with 40 take profit and 25 stop loss because sometimes you dont enter in the pivot point exactelly

in forex in some cases it would be good for you if you can do this business with having a target to get a good result from this business, we need to be serious for that.

i agree with you, our stop loss can be only 10 pips but it is not hit if we make an entry on right point
like trading on support and resistance point, this makes sl always enough for all kinds of trading
on the other hand if we make wrong entry and set large stop loss it can be hit easily

For me it is not important to base your loss only in the pips so the most important is to have your own strategy to trade in try to get profit in your trading, you can start using 50 pips if you are new in forex trading and after you can increase your pips when you become more professional

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Originally Posted by whiteid

we can specify the use of stop lose strategy in accordance with what we do, if we really want only a small risk in trading, then we can set a few pips only to lose the stop limit in any transaction, all that we are set.

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well,, it's depend on our strategy,, we can use SL 30 or 50 or 100 pips,, depend on our TP too,, it's will be better if we use SL : TP with rasio 1:2 or 1:1, because when we lose, we can recovery it in 1 TP

Most of the case i do not elevate to use consonant loss. I opine it is not a unspoiled thing to use for every bingle trade. If you someone brawny play up, then you do not condition to use this. Actually pips on place loss depends on then market position. On an average 100 pips module be advantageous for forestall loss.