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Anytime, I can not think like that in Forex, what number of pips is safe for the stop loss, you should learn as fast as possible the money management, how to control and trade successfully, moreover the stop loss will be set up for us as the situation and market forecasts, and there is, how many pips it is safe to put the stop loss, which value lot? which amount balance? you have to learn the rules of money management to find out how far you can go on Forex.
wesay to is k liye koi limit nai hoti he lekin meray khayal mein agar ap k acount mein bari raqm he to ap ko 30 ro 50 ka stop loss lgana chahiyay and agar acount mein choti raqm he to then ap ko 15 se 20 ka lgana chahiyayQuote:
Originally Posted by Anytime
Most of the professional trader on this forum says 30 to 50 pips is a good choice. I think it would be more helpful if we do our trade with no stop loss and wait for some pips. When we get those pips we should take those and do not wait for more. Sometime if we put 30 pips for stop loss market goes to this and we loss that trade.
The number of pips cannot be mounted for any trade. It wholly depends on your kind of mercantilism and your capital, your limit to handle loss. If you're a speculator with minimum deposit then you need to set a decent stop loss and if you're a swing merchandiser with massive deposit then you'll afford to own a giant stop loss. however the question you had asked cannot be answered with a hard and fast range of pips.
I usually use 2% of the account by a trader, or if I have $ 10,000, my stop loss will be $ 200 And turn in 50 pips, risk reward of doing a 2 for 1. is a good strategy for risk management. and also a maximum of 10% of the total count, ie five operations at a time.
yes appnay bilkul thek bat ki hai. stop loss hamesha yehi daikh kay select kiya jata hai kay app kitna loss bear kar saktay han and appkay pass kitna capital hai. meray khyial say new traders ko small pips kay difference kay sath stop loss lagana chahiay takay unhay kam say kam loss ho.
It is true Mod. Pips to be set for stop loss is usually depends with how many risk we are willing to put for in order to win or loss. If we win then it is great, but if we loss, then it would be a bitter experience though. For me, I don't use stop loss very much, it's like limits my earning of profits.Quote:
Originally Posted by Anytime
I don't use any SL in my trade. Because it is not get any profit for me. Just only loss & loss. I trad with TP without SL.
It can make profit for me.
to calculate and use the proper stop loss and the take profit use the concent of the pivot point it is very good and reliable to use and iwill give you lot of profit in your tradingQuote:
Originally Posted by chintia
I also agree with the opinion that the stop loss can not be determined what it's worth, but is more on the conditions of support and resistance at a certain time frame as its reference