thanks for good advice guys, in my opinion risk reward 1:2 is good for all trader, not only for begginer. :) i use it too..thanks
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thanks for good advice guys, in my opinion risk reward 1:2 is good for all trader, not only for begginer. :) i use it too..thanks
i myself uses only 20 pips stoploss and risks only 1% and i think that every trader is different and every trader has different trading styles so the stoploss will differ and you should place stoploss according to your need.
stop loss may different by different trder. some use half of the take profit or some use double of take profit or some use manual. but I use double of take profit. this is safe for me...best of luck
We are the beginner Trader. I believe thirty pips are often guarded along with with regard to in order to sl. Forex currency trading are often therefore rewarding company on the planet. when you have a great experience it is possible to call and make an outstanding earnings each day within Fx.
for comfortable and can get consistent profit and use the money management in any transaction is actually no problem not using SL also already has a rule that is important to cut loss if the price is not in accordance with the initial analysis.
actually using atop loss is mainly depend on every traders trading idea and experience. so i am maximum time use 30-45 pips for stop loss and i think this area is the best for set up in stop loss.
I don't think there is a "perfect" way of figuring out which stop loss you should pick. I mean it's different for everyone because there's a lot of factors that would be taken in to consideration when setting a SL.
i think about 20-50 pips , but i rarely use stop loss for my trade, i only use take profit for it, except if there is news high impact release
this is very difficult to asnswer as sl is the thing which no body wants should strike in forex, it is not safe to strike sl even then it saves us from a big dissaster and we are safe. how many pips safe for sl can not be said as in some market situations 2o pips are safe but in other even1 pips strike so soon , so it depens how market is moving.
I don't think that the stop loss should be described in exact numbers. I think that stop loss should depend on the take profit. 50% of the take profit can be ideal for stop loss. I mean if you trade with 50 pip TP, then you can use 25 pip stop loss. But the amount varies from traders to traders. For some traders it can be 10%, 70% and even 90%. It also varies from strategy to strategy. There are some strategies which have no definite stop loss.Quote:
Originally Posted by Anytime