How many pips do you think is safe for SL ?

[ItsAP]

Setting SL is depends on the market condition, but i think 70 pips is good for SL if market is stable, and if market moves roughly then 200 pips are too short to safe

[Experttrader]

Stop Loss is a very good way of preventing our account getting huge loss during the trade. We all know that forex is very risky. If we don't take necessary measures, we will sure lose all our money.
So setting stop loss just helps us to solve that problem. But to be able to set perfect SL, we need perfect forex education and that depends upon the amount of money that we are going to invest

[lover222]

yes friend you are absolutely right..
stop loss depends on various conditions...it depend on individual,s study, his account balance, his experience etc..
so we can not generalize the exact pips for setting stop loss..it depends on situation to situation and trader to trader

[Experttrader]

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

[Julia_jerry]

Stoploss humesha humaray account ko safe rakhta hy best option stoploss ko laganay ka buy or sell ko daikh ker hi is k pips ka tayun kia jata hy lekin mere khyal se 100 pips ka stoploss zaroor lagana chahiye

[Shahid78]

It depends on your strategy that you will use and the expectation for the trade i.e the amount of pips you are targeting.You should use the ratio of reward to risk for setting your stop loss e.g 2:1 or even1:1.Stop loss should be placed at possible areas of reversal

[lionel]

Many traders don't want to use stop loss. They think it's not good to trade. Because at any time, market prices can touch the stop loss point. But they don't think that they can save their account. maybe zero because market prices can change dramatically in a few minutes. So people obviously have to use stop loss. He must use it long distances so that under normal conditions, the price does not touch it.

[garlock]

Stop Loss is a very good ruler to stop our losses. It can minimize our losses during trading. But it also has a number of disadvantages, such as, large surges can make your profitable trades lose trade. That's why the stop loss feature doesn't always help traders and I don't usually use it. and the number of pips that I think are really safe with regard to SL and the number of pips that I think are usually protected. If you are a proffesional dealer, you might get a lot of pips plus a more appropriate solution to observe the few pips you need to stop risk free. You may spill pip every time an investment hits.

[Sadtrader]

sl ko jo pips shia hain mare kaal se wo 200 pips hain is a main sl rakhta hon or lot choti se choti use karta hon is se mara account jo ha wo safer rehta ha or tp jaldi hit ho jata hai ye bohat zaruri ha ke perfect trading karian.

[ntn]

When a person asked me to how 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 and planning.