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you should not set stop loss at more than you can afford to lose. But while determining stop loss you should consider few other factors as well, first whether risk reward ratio is good when you set stop loss at this level, and secondly is the stop loss you set is meaningful i.e. just below support level for long positions and just above resistance level for short positions.
according to me before open any deal you must wait for the market trend and read the indicators signals and also read the forecast after open the deal you can set stop loss at the point of 100 pips i think it is much save
main bhi ap bat k sath agree karta hn laqin masla yeh hai jab ham 50 pips ko set karte hain to bohat dafa aisa hota hai k market hamari entry ban kar k wapis chali jati hai is lie main to kaho ga k ager ap market watch kar rahe hain to manual close kereQuote:
Originally Posted by Victoryindia
It is all rely on market situation along with margin you might have inside your exchanging accounts. Should you have large margin and then if the indicators moves inappropriate and then there is certainly time for you to cure the idea.
yes i accede 100% with you about application sl in anniversary and every position we make. we apperceive the bazaar can al of a sudden change its movement afterwards a above account or announcement, and all our assay with be a section of applesauce in such situations so we should consistently use sl.
Trader should open a trade before concrete and good analysis. then he set his stop loss 20-25 and take profit 30-35, it should be depend on market condition and his money management.
No number is safe in forex trading and so what is the appropriate term we can use here is "less risky", it may depend on the volatility on particular day and the pair used to trade - still a point which is not violated since some time we can expect will be maintained in near future and so can use as stop loss level.
its depend on the balance available in you account.Now here comes the main factor called money mangement.According to your money management you have to set your stop loss and take profit
stop loss main agar aap high lot ke trade open kare toh aapko jarur 25-30 pips main sl ko set karna hoga.Lekin aap agar medium lot main trade kare toh aap ke liye 50 pips main stop loss use karna thik rahega.
It is more important to you that you have to place the stop loss at appropriate level so that you can not get hit the stop loss immediately and you may get profit from that trade. Just go for the charts and get the major support and resistance levels at that place you can place the stop loss.