How many pips do you think is safe for SL ?

50 pips stop loss can safe our trade. Though there is no fixed stop loss pips for forex trading. It can vary to person to person.

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Originally Posted by chuna

good, should we put the SL, because, let any small fund is also in our trading account, it is real money that if lost would be detrimental to us. should use good money management, and trying not to happen MC

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Using stop loss in our everytrade is an option that we have to always take. About how many pips that stop loss should set, Ithink it will very depent on every strategy. Some traders just set it in fix point, but some good trader will just set it in 1 to 5 point above or below his last candle.

hi trader u taking it very easy man bcoz now u r in demo acct u r trading without sl n tp but in real v shuld have suitable sl n tp n shuld not open more then 2 trades at a time

i think,you are right.StopLoss ought to be determined with Support or resistance and that they act nearly as good one to see.Even pivot points also are sensible in determining.so one will place StopLoss primarily based on this or specified values like ratio of TP :StopLoss as 2:1 like that.It depends on traders want.

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Originally Posted by Anytime

Many newbies ask me how many pips is safe for stop loss? I think its all depend on how much you afford to lose and we have to put stop loss by checking resistance and support levels, we should not put stop loss just by numbers.

Share your views...

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sometimes you can set stop loss to 50 pips only and sometime you can make it 200 pips..Its all about your study and market condition.

its depend on the trader that how many pips they want to be choose for stop loss, but its very important for the for trading to save the capital and stay for long time in trading.

It depends on the circumstances. My own limit of not more than 40pip SL. and that I specify the full consideration, I analyze the market situation to know, that I use to determine Sl and targets. each trader may be different, but I'm sure they are not indiscriminate in placing the SL. This is not too difficult for me.

i think 100 pips is safe for stop loss because if we enter few pips then it can touch out stop loss easily then our price will come back, so always put big stop loss

you can have lot of and less pisps stop loss very important is here in which coutry you trade and which you have trading strategy system and how much money you have in your balance strategy system because you can have other strategy for example scalping and hiher time frame strategy

Pivot points are really good tools to use in setting stop loss and take profit targets but the important thing about setting your stop loss is that you should give the trade enough space to manouvre and this means that your stop loss should be large enough.