How many pips do you think is safe for SL ?

[sracer86]

Stop loss helps a trader to avoid much loss.It closes the trade when the price of the currency hits the stop loss point.For that a trader should set stop loss point in that point where the loss can be accepted easily by the trader.I set my stop loss most of the times at 50 although I close the orders before the price hits stop loss point.

[nirob76]

If the forex market is something in which you want long-term financial success then you must treat it as such. This means that you must stay informed of international events that can affect the price fluctuations of a specific currency, as well as any new strategies or flaws found in an existing trading system

[ken arok]

With good money management, trader can measure maximum loss which could happen in every transaction but it must be combined with good risk management strategy too so trader can use proper lot size in each condition of market.

[hestia]

I think it depends on the type of trader and strategy. Personally, when I'm scalping I accustome a stop loss between 30-40 pips, but when I need to separate myself from trading a long time, and I'm sure of a trade, I can put between 100-300 pips.

perfect, i agree with this. if we trade short term then we can use SL with a few pips, but if we don longterm trading, we can use SL more than 100 pips. SL depend on our trading system

[mohibul_iiml]

I think if you have lot of amount to trade you can use 20 pips set stop loss on the other hand if you have few amount to trade i suggest you never use stop loss because if you use stop loss that you will be a lose in your amount so be careful.

[Java]

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.

Share your views...

I think 40 pips is quite safe and can be a benchmark for a great price in our trade, so we though SL was hit will not be too much disadvantaged in terms of capital and margin that there will

[bombastic]

I think a trader should be able to put the stoploss below 10 pips, so he did not suffer a loss that is too big, if he was stuck in the wrong direction of trade. but to get the price movements are safe when using the SL 10 pips, it is not an easy matter.

[angaper]

I think it depends on the type of trader and strategy. Personally, when I'm scalping I accustome a stop loss between 30-40 pips, but when I need to separate myself from trading a long time, and I'm sure of a trade, I can put between 100-300 pips.

[JuraganGrowol]

I think it is depend on your analysis.How many pips you will use for stop loss you can find out by your technical analysis.Some time market come after moving some pips loss but some time it does not some.So when you use stop loss or not use it is fully depend on your technical analysis.

[alam847]

I think money management is very essential for setting proper stop loss. Stop loss is very important for long term Forex trading should be expert in setting stop loss.