How many pips do you think is safe for SL ?

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Originally Posted by sarulkan

I think Stop loss is a very good choice for Forex traders. It protects and Forex trader from large losses of capital loss. But, how many pips you would choose as your SL was mainly dependent on you are willing to bear the loss. For me, I think 100 pips perfect for me.

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I am still confused by this sl good, but I think we will use the sl good if we could do a trade properly, therefore I think we also have to implement a trading system with good money management and analysis

i think 25pips is safe for the stop loss because in the beginner always start from low level and try to understand behavior of the market and that what your result will be coming in this stoploss then go for a high level.

for me,,,,it is better to not put only stop loss. you should put stop loss along with trailing stop. so, if you wanted to put 50 pips stop loss, then you could put the stop loss to 30-40 pips and put trailing stop of 20-10 pips. i think good SL is about 20 pips for intra day trader along with 10 pips trailing stop.

i think 50pips is the better we can use 50pips and use stop loss and wait the response. its better for us and we can enjoy the next profit by using stop loss.

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Originally Posted by ishvara

The stop loss is never fixed at every single time as a number of pips. The stop losses depends on various factors like strategy we use, pair we are trading and generally our trading beliefs

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I think practices matters a lot on Forex depend on your target put TP or SL, some traders can't bear watching their trades going to loss and close it without being patient on it , also on learning and practicing we should be patient and let our minds take its time to learn well and get the required experience to earn on the live account

with many experience, we will know how much pips is safe for our SL. because there are no perfect stop loss. the price can hit our SL, not matter how good is our SL. we just need to minimize our loss only

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Originally Posted by regy

with many experience, we will know how much pips is safe for our SL. because there are no perfect stop loss. the price can hit our SL, not matter how good is our SL. we just need to minimize our loss only

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forex trading transactions with stop loss low risk and high power is dependent on the use and management of the trading systems forex transactions are properly Determine the correct analysis of the capital and in the direction of market discipline stop loss

you must learn the risk first, then after you know the risk, you can start counting how many pips you ready to loss.

for me, if the risk is more than 50 pip, i'm not going to trade, basically i used 30-35 pip for my SL

According to my own experiences in the forex market from my last two years of experiences, i think using 30-50 pips stop loss is ideal for traders and if we always doing such thing, we can not make huge loss

Stop loss is used to limit the amount of loss you are willing to endure, the amount depending on the technique you use, a lot of stop loss techniques used by traders, such as placing a stop loss at the lowest point of a price for long positions or stop loss at the highest point to the position selling.