How many pips do you think is safe for SL ?

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Originally Posted by borle

I agree with 30 **** ...
better set a stop loss 30 **** in a support ...
because sometimes broke support at a moment, but then prices rebound again ...

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mere khaya lse agar aapko stop lsos lagana hai to apko sabse pehle market ke support aur resistance ka pata hona chahaiye
ye values paat hone ke baad aapko kamn se kam 15-20 **** ka margin rakh ke stop loss set karna chahiye..asia karen se apka account me kabhi bhi margin call nahi lagegi aur aapko trading em bhi bahut amza aayega

how many **** will be good for stop loss depends on market condition mainly. if you are volatility condition, stop loss should be 60 **** and if you are in n volatility condition 30 **** is good.happy trading

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Originally Posted by Anytime

Many newbies ask me how many **** 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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it depends to the situation and we can not make it as a permanent choice but there are many way to get the price to put the stop loss with good, we can use the upper or bottom of range/chart or use the price from candlestick:)

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Originally Posted by manoj

10 pips is a tight and a safe SL because then you get out of a bad trade very quickly, the idea in forex is to enter a trade on a strong trend or not to bother at all and if it hits the SL it was never a good trade. Of 100 trades I take around 9 hit the SL

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i am not agree with you that 10pips is good point of stop loss.
our stop loss is not less than 50pips and its best if we use support and resistance for stop loss.
it is also depend on our trading style. in scalping trading there is no need to set stop loss because we can see 10-15pips movement on both side.

i depend on different condition , but i think that i use is 50pip, actually it depend s on volume, ammount of money laverage ect so in diferent time didferent decition shoud take

in my opinion 40 pips is very suitabe for your stop loss , this amount of pips may avoid you from getting big loss also you it helps you to control your trade and it doesn't prevent you from getting profit .

I think it also depends on each trader such as tolerance loss against the management of money, depending on the market at that time, maybe 35 points stop loss would be fitting.
good luck .

i think that the safe point for stop loss is the nearest point and this is according to entery point if you wanna make stop loss 50 pip wait for the 30 pip to pass and make it 20pip.

There is not safe point to set the stop loss, what we should do is stop loss setting should be depending on the risk we are able to take based on the money available in our account and nearest support, resistance points on our charts.

For safe trading 50 pips seem to be sound but it depends on your category of business and knowledge. After all, experienced persons win at the end of a race
Good luck.