How many pips do you think is safe for SL ?

I think a safe amount of pips to set sl depending on the pair and the market where we trade ... on the market london and newyork usually higher volatility , stop loss should be greater .... asia and australia is to flatter so stop lose not too big ... but it also depends on the type you are, whether swing or a scalper ....

I always set a stop loss based on the number of daily movement range ..
with that number, I think it is possible to stop losses and position untouched trading transactions will always be a chance to earn profit

in my opinion 40 pips is more suitable for any pair to avoid getting big loss , but this also depends on the the amount of money you will use the 40 pips is suitable for at least 100$ you use , and as increasing the amount of money try to increase your stop loss .

yeah we cannot judge about the stop loss by the numbers that we set, it might be depend on the chart situation and support and resistance levels, but I want to tell you that always put the sl and tp as without sl yours trade would be risky, as I HAve lost my account by not putting the sl, you can also use the 50 pips for sl.

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Originally Posted by Anytime

Many newbies ask me how many pips 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.

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i agree with your point stoploss should place on support/resistance level.but for that kind of trader who trade only 1-4 hours per day they should place stoploss by their money management and risk ratio.and place stop loss depend on trader to trader

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Originally Posted by s19

i think 20-30 pips is good if we are doing scalping trading. but if we are trading long term then our stop loss is more than 40 pips.
because we can see pair movement in both side more than 40pips.
stop loss must choose base on support and resistance.

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I think it is fitting for us to put our stop loss in of commerce with stop loss 40 pips if we are on target 20 pips as this will make you not easy to hit your stop loss a pair, but of course you also need an accurate analysis

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Originally Posted by annisa

We should not set a stop loss just by guessing or feeling, the determination should be based on risk management in accordance with the amount of capital owned and based on balanced risk to reward ratio, so that percentage of the profit greater than the percentage loss

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aapne bilkul thik kaha
forex me stop loss bahut zaruri hota hai lekin stop loss set karna bhi 1 art hai..iske liye market ke support, resistance aur pivot value ki jaan kari honi bahut zaruri hai..apne hi man se koi bhi value set kar lene se aapko faya nhai hoga jab tak aap poori tarah se analysis nahi akr lete

main aapki batose sahemat hoo. 50 pips he thik hay. isse jada loss bohot jada ho jata hay. leken agar kisike pass jada capital hoto ow alag hay, uos hisab se capital and trade k against hum stop loss ko thora bara sakte hay.

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Originally Posted by naziakhan

yes,dear but i think your take profit and stop loss is very short because we can not control the market fluctuations that is why it should be minimum 100 pip and if you use below it then it is your mistake i think.

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TP or SL that we can use in forex exchange trading is never fixed, it depends on our account balance, trading strategy, etc. Eg Scalpers use no TP and no SL and usually opens and closes trades manually.

i think that when you trade with the pivot point you will use the stop loss by the break of some point with 5 or 10 pt but if you just trade with good strategy and best management i think that you can use 50pt as take profit and 30pt for the stop loss