I can not say for sure, because I think the right to determine the amount can vary and depends on the strategy being used, not to mention those who use hedging usually is not using a stop loss.
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I can not say for sure, because I think the right to determine the amount can vary and depends on the strategy being used, not to mention those who use hedging usually is not using a stop loss.
I think for short term trade 30-50 pipes are enough to safe for SL but on long term Generally all are not used SL but if any one trade and want to set SL then i think 100-150 pipes minimum safe for SL. this is only my opinion. you should trade and set your own strategy and plan. it depend on your own business strategy.
This is all dependent on market situation along with margins you might have in Your Exchange account. If you have a big margin and then when moving indicators do not deserve and then there is certainly a time for you to heal the idea.
Sometime it depends on the business trader. Stop loss creates by gaining knowledge, regular study on business, safe investment, experience and his situation on market place. Trader like to reduce his loss. so, he have to follow the roll strictly.
i don't why you don't like stop loss but i am user of stop loss when i am start trading buy or sell so i most use stop loss and also take profit this very nice trick to save your big loss and take profit also is nice because you can't see chart 24 hours.
i think the traders trades after the clear movement of the market and they can earn the money and if they use the sl pip then the 50 pips enough for the sl
its depended on your market analysis result. if you analysis all movement of market then set stop lose. its depended how know the market movement. so i say its not matter 50 pips and any other. just know every movement the market then set stop lose.Quote:
Originally Posted by Anytime
in my opinion How many pips is safe for SL is depend by our trading strategy and lot size we use.Quote:
Originally Posted by van
if we are scalper i think we must more think about risk management, because some trader will make a long of pips in stop loss but only little pips to make take profit.
I use a stop loss 30 pips. and take profit is very high. at least 60. and could be setting up 200+. all depends on market conditions. so every time trading. I'll set the take profit is higher than the stop loss.
no problem my friend if you are loser in forex because forex is such a place where you need some strategy so that you should not lose more money in forex