How many pips do you think is safe for SL ?

[bassem15]

sl depends on the type of trade if it is swing or scalping many trades but their sl in wrong places lead to lose everytime and some trades don't put any sl as they don't know where to put it in my opinion putting sl needs experience and technique

[yogesh]

One human weekness is they want to lose least and gain the most, for this they usually go with very smaller stop loss which usually triggers with normal volatility resulting in frequent losses to trade, we should set a stop loss which shall be triggered only when there is real direction change in market.

[Jack]

Stop loss should be made with keep in mind different things like as market situation, our account balance, take profit limit etc. I am always set stop loss by consider all these factors in my trading, some time i set stop loss 30 to 40 pips and few times i made stop loss 100 to 300 pips from price of my open trade in Forex.

[forX]

stop loss (SL) is a very good way to prevent the account we get huge losses during trading. we all know that forex is very risky. in order to set the SL, it depends on the amount of money we will invest. if we do not take the necessary action, we're sure going to lose all our money. so setting a SL just help us to solve the problem.

[forek]

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...

for me stop loss set base on my Money Management.. and take profit 1/4 of my SL... in this case, i always avarage in one trading i take 10-15 pips only.. with lot about 1 - 2. by this strategy my account still strong and have regular WD every month...
but.. all traders have owns strategies and ways to their trading rule..

[goodprofit85]

I am a newbie Forex trader. I think 30 pips are usually protected with for to sl. Forex trading are usually so profitable business in the world. for those who have an excellent expertise you possibly can make an excellent income every day in Forex.

[sheila]

it will depends on someone strategy and risk management system but i saw several people who are using SL:TP 1:2 like 100 pips gain for 50 pips loss but SL and TP using by analysis of support and resistance for long time trade

[fxmoney]

you must have to assess your risk first then you can decide whether how much long you can place the stop loss. so when you apply low risk then you can make your stop loss long away but when you use high volume then you must have to place the stop loss nearby.

[ghanchifarhan]

50 pips of SL means purchasing value or selling value from that 40 to 50 pips SL is very good.
with this you can easily make double of the SL profit.

[pion]

The next thing is to learn patience. Frankly I am basically not include people who are impatient. Hehehe ... I actually learned patience than I do open early trading position, I use more than 20% margin. I think, the more margin used, the cepet dapet profit. Hehehe ... Not only that, I like the rush to open position when prices are moving in a direction that "in my opinion" is clear. By my mentor, I was trained to comply with the trading system and trading plan that I specify and use only 1% margin perposisi!