How many pips do you think is safe for SL ?

[abanga]

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...

\Stop loss is something that goes along with the style that a trader is following, if a trader is conservative then normarlly goes on a minimal stoploss and if he is an aggressive type the normally getting bigger withe stoploss giving room for more pips

[peyekiwak]

how many pips do you think is safe for SL ?

for me .. 50 pips are very save to open trading...
i usualy using 50 pips as SL... it more save and profitable..

[wazid201118]

I think we can trade better if we use small amount of pips in our trades.we can take only 50 pips in our trade cause more pips can give us more lose in trade.so we can take small pips to keep our trade safe from lose.

[AMIT]

I agree with you. In my experience, there is no mention pips is stop loss. its depend many tools. First market situation, trader experience, and his account balance. If A trader can start his tread properly and maintain equity than pips no matter.I think 50 pip is enaugh.

Though i never like to use stop loss order because i confidently placed order by the proper money management and needs for time , and it should need the time for execution and that's way to proceeds.

[fxmoney]

It is better to place the small number of pips for the stop loss target as you have to make more profit from your trade rather than the loss. So just try to minimise the loss but increase profit by placing the stop loss at proper place.

[challenger ab]

i think before learning how to do stop loss w must learn about the reversal and retracement because if we learn it we can adjust the stop loss easily because we some times make stop loss and the market reverse and some time we put stop loss and exit the position and waste many pips we can earn it but because we exit we lose it

[rk225325]

Mujhe jyada losses lena achha nahi lagta hai isliye main jab bhi trading karta hun toh apne trade mein 15 pips tak hi set karta hun aur take profits 35 pips tak set karta hun.

[Hansip]

In my experience in forex trading a trader should be set his stop loss where his stop loss is 2%. I use this method to set my trade value Amount/1000 as a result where my loss is 20 pips here my loss is 2% and this point I set my stop loss. I think it is the best for maximize a trader monthly profit.

First you have set your target that I am gonna take 50 pips profit then your stop loss should be set on in 30 pips. Try to Always set your stop loss from the support and resistance area and if wanna more confirmation you can also set your stop loss from Doji or Hammer.

[brian]

Everyone recommends around 50 pips indeed, however you must look how big is our trading capital, what risk you are going to take and how much you can afford. Maybe for your strategy safer is 100 pips as you are waiting for bigger market movements,

yes,, 50 pips is really recommended, because the price in major pair is really rare to move 50 pips in the same range of price, i often use 50 pips as my SL also, if i trade in day trading,,

[laptopw]

If you are in forex trading as a professional then you have to use stop loss in order to survive for long time. But if you are only to make some odd profit then its not necessary to use stop loss.