How many pips do you think is safe for SL ?

[sam234]

In my own opinion, you can use the fibonacci retracement tool to place your stop loss and take profit because the fibonacci levels are the potential support and the resistance levels and are very safe to find entry and exit points

[noman9t8]

20 pips is the best for stop loss and it is the best too short loss is the best for trader if you take high sl it is depend you amount and then you can take it your balance for stop loss but use stop loss it is the use stop loss

[lumitar]

As a part time trader i can not afford much loss so for me stop loss limit should be 20-30pips. I can't afford more than that. It will be too much for me if my loss goes beyond 20-30pips.

[sambol]

This depends on the entry trading is done, if done in a normal market conditions, ie not before the release of an event or news that has a strong impact on market movement, particularly strong impact on the movement of the currency pair is selected, and the entry trading is made in accordance with the trend of price movements, then the Stop Loss is mounted at least equal to 10 x spread of the chosen currency pair.

[craft]

i dont live the sl in pips rather i strive helping put sl on support and resistance basis. for a protracted positions only below support and then for a quick position only on top of resistance level.

[ObaFX]

how much pips you should use as you stop loss depends greatly on your trading strategy and also on how much you are willing to risk on the trade you are taking, so there is no fixed number par say, but how much pips to use depend greatly on you.

[mark48]

i think we should set our stop loss according to our trading experience and market analysis because good market prediction will help us to to set very good stop loss for our trade..

[hoki fx]

i think,. sl input depends upon the style of trading too. the ratio i told is for normal swing traders.
except for scalping i continuously assume that one ought to never offer sl since there may be large amount of chances to find sl triggered since its a awfully small price.

[mhanif]

This varies from trader to trader, some tend to take high risks so they might set 20 pips or even 30 or so on depending upon the capability of the trader. I never try to take much risks of losing so I set a maximum of 15 pips on stop loss.

[muna1982]

i can only say that it all depend on your risk reward ratio and also it also depend on the kind of traders you are, some traders are scalper that only aim at small profit so there stop loss will be small

yes the stop loss level is completely depend on the trading method. i did not used stop loss when i gone for averaging trading. but when i gone for scalping then used the stop loss depending on the pivot level of the day. i did not used fixed value every day and in every trade too. in a trade in a good signal i did not gone for stop loss but wait and very soon i will found profit in my trade.