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yes dear in fact I think before we think how many pips is good for stop loss, then we need to know how good we can analyze the market, because the main problems come up from this side, and if the traders can put the order on the right track, so i guess they do not need to set stop loss with too many pips.
yes dear personally I think when we are trading then pips are depend on market movement i think its depend our market judge also when we see market gong up or down then we take that decision how much pips we take in profit and how much in lose .
my dear strongly I think with consideration of each of us, certainly would be more suitable for ourselves, how much money we are able to Relax lost. 50 pips I think it is very much for me, however with 50 pips that I just take half to Take profits.
It is totally depend on the risk that you have to take while trading in the forex market so try to determine it and try to place stop loss and take profit according to it so that your money management will get followed.
Dear I personally consider everyone should have a plan when starting forex, as well as plans to lose money, why do I say losing money is a plan? Yes, with a plan for how sincere you lose your capital when trading, will keep your account from the dangers of the MC, no matter how great you are sure there are times when your analysis wrong nah that's when you have to plan how much your ability to accept losing your money
Yes I also think that with 50 pips is safe but when that's set 50 pips stoploss, then I will set 80 pips of takeprofit and sometimes it is not fixed because depend on whether the analysis of each trader and, depending on the movement of the marketQuote:
my dear strongly I think with consideration of each of us, certainly would be more suitable for ourselves, how much money we are able to Relax lost. 50 pips I think it is very much for me, however with 50 pips that I just take half to Take profits.
Stop loss is very essential tools in Forex business. Generally, stop loss be set up on the basis of the market trend. I set up this most of the cases 30 to 50 pips gap. And news time trading, its be set up on 20 to 30 pips. It may varies on different situation. Sometimes, it hits the stop loss and sometimes not.
i did not use sl in my trade but i think 3 times from our tp point will be suitable for our sl point so if we strike the sl we only need 3 times tp trading for recover the loss, but every trader have different way of trade so if you have different setting for your sl point that can be good because that could be the most suitable for you
mere manna hai ki agar him scalping karte hain to iske liye stop loss 30-50 pips tak theek rahta hai. par yadi hum swing ya long term trading karte hai to stop loss support aur resistance point ke according hona chahiye. SL hit hone par next trade chart dekh kar Kare. main aisa hi karta hoon. ye strategy kafi profitable lagti hai.
Any number of Pips as Little as 5 Pips can even be used as a stop loss. This is because in forex stop losses is always determined by a trader using their preferred trading strategy