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I think stop loss is a very way of preventing our account getting huge loss during the trade but we know that forex is very risky if we don't take necessary measures, we sure every business has still loss so setting stop loss just helps us to solve that problem but to be able to set perfect stop loss we need perfect forex knowledge and that depends on the amount of money.
I do not need to think how much, it depends on money management that we make, in addition, if you are ready to risk losing it, if you are not ready it will take a very long process, it is not easy to do,
there is basic known about the how much is your SL distance to your entry and this is based on the pair. Right know, EURUSD has commonly have 50pip SL distance while GBPUSD has commonly 45pip distance. This is based on their daily average range. But remember this settings only apply for this moment, but maybe in the future it will change.
The number of pips that we can use for the stop loss is totally depend on the risk that we have to take and as per the technical charts. so the stop loss varies from trade to trade so we can not say that i can use 20 pips for the stop loss for all the trades.
it is all depends on your trading capital and the risk on every position that you put.. for me my money management said that 100 pip for TP and 50 pip for SL is the most efficient for a day trader.. if you're swing trader that trade on a larger time frame perhaps 400 pip TP and 200 pip SL is convenient.. it is all about the risk and the money managementQuote:
Originally Posted by Anytime
Meray khayal main to stop loss lagana he nahi chahiay. is zaroorat to sirf un logon ko hoti hay ji logon ne trade open ker k khud kisi kaam jana ho. agar stop loss lagana parr jay to meray khayal main iss ki bajay hedging ki trick use karni chahiay.
well there i sno single blow of pips for sl to take of, i think it entirely depends on the trade postion and what we require is just have an look over the capital you have but make sure you do not go for much loss.
Its all most and prerequisites mart .... and sometimes you can modify it 200 pips .... sometimes you can set to prevent decease to 50 pips exclusive ... Bloc stage deprivation and swans recognize depends on market conditions
It depends on your trading.If you trade is Eru/Usd and you will follow scalping method.you will not use stop loss,if you are sitting in front of computer.
That depends on many things, depending on how the market is also dependent on our capital, our risk benefit of support, resistance no magic number to put the SL