How many pips do you think is safe for SL ?

[manish]

i usually trade using a scalping and trade with most volatile pair that is eur usd so i think i need to make a stop loss of atleast 20-30 pips for safe trading..their should be a different stop loss.pair wise

[octavy]

Its so hard to stay completely so you greed.His main evil for the merchant.I think its all about depends on the time.As long as a merchant pass business that I think will be automatically reduced

[haney]

actually before we think about how much pips that we have to set for SL then we have to know how good we can make analysis and put the position on the track, and if we can make it with right then we do not need to set SL too long..and it is good to use support and resistance as the refferences and or we can see it with using the range of trend too

[hemi]

in my point of view we use the 35 or 40 pips for the stop loss because it is very risky business and you know this thing some times market gone ups and down very quickly then we use this stop loss and save from the big loss and save from the stop loss

[vivekji]

mein to apne trading aur avaialble equity ke hisab se mein apna stop loss chhoose karta hoon.basically mein scalper hone ki wajah se mein jaldi hi position close kar deta hoon so mein kabhi kabhar sl bhi nahi rakhta

[kaisar]

I always use a stop loss 30 pips for this I do so much to deal with in the event of price correction maasih able to hold it. because if too small if there is risk of touching the big correction. but the thing to remember is always noticed her MM.

[marymirella]

I do not have a fixed calculation in placing SL, because I usually adjust to market conditions. if the market is in a trend that small, and I just took a small profit, then I would also use the small SL calculations as well. because after all it is better if we are flexible and always follow market conditions, however, because the market is very dynamic. always indicate different conditions.

Very good. I agree with it. The well chosen stop loss levels never depends on your balance or a fixed pip level. A well chosen stop loss depends on only the market. If you are in buy position you have to take your stop loss below the first support level, and if you are in sell position, you have to place your stop loss above the first support level. Therefore it is recommend to open positions only near to support levels, they will almost always save your position.

[ramjan]

i will tell to all new boys. it depends on your choosing completely . so you have to decide about it. i can tell some thinks if you do scalping you can take only 10 pips stop loss.

[rylia]

in intraday trading, i think 50 pips is good for our SL, but it really can be different if we use other trading strategy, because actually the perfect stop loss is depend on our trading system

[greg]

You should prefer forex to doing any other job when forex is paying out a lot of money to you. If you are earning $1000 monthly on your official job and forex gives you $2000 consistently each month, then forex is definitey the better option because you can sleep at anytime you like and wake up when you like to trade.