How many pips do you think is safe for SL ?

Lots of new traders have no clue about what a proper stop and position size is; lots of them risk way to much money on each trade, leaving them with an empty account and lots of fear and disappointment.Before making a decision on how big your stop and position size should be, you need to decide which % of your capital you are willing to risk per trade.

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Originally Posted by dartofx

This way, the stop loss may differ trder different. some half use or take advantage dual use take profit or use manual. but I use a double take profit. This is safe for me. and I find with it

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of course stop loss may differ trder different half of some use or take advantage use of multiple take profit or manual use but I use a take profit doubles that must be considered before we enter the market should do technical analysis and fundamental advance that aim to determine the certainty in the open position to take action

I think it depend on your trading strategies and you tricks. first you have to gain some strategies and tricks in trading and that will come only by some knowledge about knowledge.

About SL i think its depend on traders account balcne but i also think if there is sufficient balance then its not bad . but for me it may differ for market condition but 50 pips is not bad and most of the time i used it but tp is 30 to 40 pips.

I think money management is very essential for setting proper stop loss. Stop loss is very important for long term Forex trading should be expert in setting stop loss.

I think it is depend on your analysis.How many pips you will use for stop loss you can find out by your technical analysis.Some time market come after moving some pips loss but some time it does not some.So when you use stop loss or not use it is fully depend on your technical analysis.

I think it depends on the type of trader and strategy. Personally, when I'm scalping I accustome a stop loss between 30-40 pips, but when I need to separate myself from trading a long time, and I'm sure of a trade, I can put between 100-300 pips.

I think a trader should be able to put the stoploss below 10 pips, so he did not suffer a loss that is too big, if he was stuck in the wrong direction of trade. but to get the price movements are safe when using the SL 10 pips, it is not an easy matter.

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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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I think 40 pips is quite safe and can be a benchmark for a great price in our trade, so we though SL was hit will not be too much disadvantaged in terms of capital and margin that there will

I think if you have lot of amount to trade you can use 20 pips set stop loss on the other hand if you have few amount to trade i suggest you never use stop loss because if you use stop loss that you will be a lose in your amount so be careful.