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bhai mera khyaal hai k 50 pips aik acha point hai sl k lea ku k koi bhi paur ho ager wo 50 pips against bhi chala jaye apki trade k to bht had tak mumkin hai k wo or nechy gir skta hai isi lea stop loss hmesha utan lagana chye k jis se apka account b save rehy....Quote:
Originally Posted by Anytime
well,I think how many pips stop loss use its depends on how types trade you will open.stop loss use is very good money management system.30 pips stop loss use is safe.
Forex trading is the biggest market with a trading of around millions and billions each day.Quote:
Originally Posted by soumen
Stop Loss in pips should always be combine with lot size. I don't use the same SL size in every trade because it doesn't make any sens. Firstly You should answer the question how much you can affort to risk?
I usually risk 5% of my balance and I use 1-2 risk - reward ratio. It is worth it because even if you use 5/10 winning strategy you can be successful trader
as for me i only make use of 30 pips for a stop lose because with 30 pips when your stop lose is hit then you just have to exit the market because a stop lose of 30 pips is the best for all traders to lose and gain more that 30 pips so risk less and gain more
I think every forex trader has a different calculation in placing SL, because it's all the calculations and strategies also have different needs in placing SL. there is even a strategy that does not use SL. because it is important every trader should really know about the risks and possible losses that might occur, so that when it suffered a loss, it will not interfere with our psychology.
what i intended above is my SL for everyday dealing, but for scalping i will certainly put it stronger than that, and i use at the least 1:1 danger to compensate rate, i never set reduced than that cause it will quickly strike your consideration.
actual transaction that is not accompanied with a stop loss is very risky to the security balance / your capital and it also affects your psychological serenity, is not affected by stop loss is better than suffering greater losses, accept the losses and gains with a big heart, because it is the risk trade.
the more big orders will give you more tension because then you may not be able to put the easy stop loss so it is necessary that you should put the tight stop loss only if the big orders are placed in the market.
Stop loss is one of risk management and it's not easy for us to establish an appropriate level to place a stop loss, we need to practice and learning to be able to understand precisely fitting this stop loss. In addition to the stop loss is also crucial to always use good money management so that we can force our account.