How many pips do you think is safe for SL ?

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Originally Posted by FxBD

Yes stop lose and take profit is depend on market condition. But if you have enough balance then you can set your stop lose with big pips. I think you should set stop lose and take profit with support and resistance levels. I also set my stop lose and take profit with support and resistance levels.

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yeah i agree with you the position of stop loss depends upon the market condition.position of stop loss is very important than placing it.it also depends upon the volume of your trading

Forex master says that adjust stop loss and take profit due to if market will go your opposite so you can not recover that. small loss is better than big loss. Also you have some profit but market isgoing opposite to you then quickly you can not close , because server will busy .

yes that right if u see the market is going to change and its move against ur order than u will be exit from that order.but in my knowledge always use stop loss and take profit ..so if market is favour u that time u can edit the tp..so u gan more profit. or use the trailing stop to more comfortable..but here in india .power problem is very danger so we use fixed tp and sl..for avoid..the tension.

Mai daily trader ho aur me 30pips ka stop loss lagata ho meray hisab se ye bhot acha he lakin jub me Gold me trade karta ho to stop loss use nahi karta kiyun k Gold bhot up ya bhot down ho jata he 10000pips tak

When I am new in forex,I do not know how many pips to set in forex,so I just set 30 pips for SL.But after several loss in forex,I came to look for hel from the professional trader.Sometimes I may copy their orders.

yup i agree with you,
apparently you are a master trader, because I know who use it the way it usually is an expert.
because in this way, we will know how much risk and how many rewards from a position that we install.

I think That depends on the market situation to have a SL. In some cases it requires 20 and in other cases it can be 50 pips. Just look at the movement and then decide the point.

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Originally Posted by sfc79

if you trade as a day trader, 30 pips will enough to be consider as a safe stop loss. but if you are a longterm trader, that kind of amount will surely kill your account soon enough. so the point is, the stop loss must depend on your strategy.

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yes my friend this is right i agree what you saying 30 pip is safe for short term deals ,we are using stop loss because we know that there is a prospect of loss or wrong analysis stop loss must be the point that you think the price will go against you.

According to my thinking trade should be stopped when i have lost more than 50 pips.If i don't stop it in 50 pips i may see the increasing lose in my trade.So how long i will wait for profit i can keep myself able for the next trade.

Stop loss is very important for mini investor or big investor. If market is opposite , so any one may loss his /her full invest. So if any one wants to set take profit is 50 pips, so he/she should set stop loss 100 pips.