How many pips do you think is safe for SL ?

[somupriti]

For beginners it is difficult to set the SL with high pips as the reverse trading can eat away all their hard earned money in one sweep. As far as my basic knowledge is concerned with tire-1 currencies where the average shift is about 2% to 3% a day a newbie can set his SL with at least 20-30 pips shift margin and that to with the ability to accept the loss factor.

[asifch]

I think better to install the SL between 30-50 pips.
My experience using SL of 10-20 pips, but the market actually touching the SL and turned toward ...

[Lazy Trader]

let me share my opinion,, when market pull upward with strong movement,, i'll open buy position in second candle closely to candle time close.. my SL,, i'll put it below second candle.. why there?? says if that is a big player candle (>30 pip in 1 candle) price wil be difficult to go back to previous position,, altough the possibility is alway there

[babayuyu]

I think for a good amount of pip stop loss depending on the number of lots that we use anyway. And depending on market conditions at the time. If the state of the market being able to predictably well using my strategy, I usually use high pip stop loss. But usually I use a stop loss two-thirds of how much target point that I specify.

[shaheen]

many pips do you think is safe for SL yes i am agree, If you want to control your many pips do you think is safe for SL. so first you practices in forex demo account and learn to forex trading become in forex trading always read forum and watch market analysis.

[buntysaha]

I agree with you. Market does not make constant moves. And single stop loss may not be good enough at times. It is better to determine a range for stop loss like 25 pips to 50 pips at max for day trades. Of course keeping in mind about risk reward ratio

[zahidrock]

Stop loss is a very advantage option for the Forex traders. It's protect Forex trader from big losses and capital loosing. But, how much pips you will select as your SL it mainly depends on your willing to bear losses. For me I think 100 pips is perfect for me.

Yes stop loss protect our balance on trading time. And you can fixed your stop loss point on that time when you will use good money management and risk management. Without using this you can't take right point for your stop loss.

[rube]

Stop loss is a very advantage option for the Forex traders. It's protect Forex trader from big losses and capital loosing. But, how much pips you will select as your SL it mainly depends on your willing to bear losses. For me I think 100 pips is perfect for me.

[saim]

i think in this business we should must be work with management and when we were mange our bonus according the leverage then we can decide what pips can be good for us so we should must be mange this and i think in a day if we got 50 pips it is much for us

[Chow.ash]

i don't know.its his decision to set it depending on the balance he have in his account and how much money can he afford to lose but setting it below 50 pips is not the right option according to me. but i said it always depends on the trader.