How many pips do you think is safe for SL ?

[ripon4x]

If you trade with your technical analysis then it will give u an idea of u'r TP and SL. Support and resistance levels must be in your mind and of course your lot size of trade also should be noticed while u put SL and TP.

[mamir786]

Setting stop loss and take profit depends on market situation..
sometimes you can set stop loss to 50 pips only and sometime you can make it 200 pips..Its all about your study and market condition.. & well main apna sl pips ke hisaab se ni rkhta. main last support or resistance k hisaab se sl set krta hu..lekin jab mere trade proft me hota hai to me apna sl change kr k trade open price se 4-5 above set kr deta hu....
es trah meri trade close hone par b me 4-5 pisp profit me hi rahta hu.

[pynetfx]

Stop loss setting in Forex trading depends on the time frames of chart like M5,M15,M30,H1,H4,D1,W1.Usually for M15,time frame,stop loss is set to 30-40 pips.And for higher time frames like H1,H4,stop loss is set to minimum 50 pips.Stop loss is very much important cause it protects us from huge loss.

[fxfahim]

I think that 20 pips is maximum for stop loss .it also depends on your capital and your account leverage what u chose at opening.

[boboka]

i think its all based on the our strategy...we shud select pips based on our technical analysis and the our take profit position...so its safe to our account balance

[challenger ab]

i know stop loss very important but in this days the hits of stop loss very big so try to focus and follow your trading now days to try to close it manually because there are surprise and changes in the market you cannot predict it or think about it the market very danger and make several position to hit stop loss so try to make it big to be save and to give your position some chance to decrease the loss or take profit

[solidperson]

i think using sl is very much smart thinking and professionalism but using sl can be tough sometimes coz it can hit our sl so quickly and again it turn into our desire position so we are always hesitate for setting sl ..i think a perfect analysis can only solve this problem .

[fxmoney]

It is totally depend on the fact that how long you can keep your trade open. If you have to trade for the long term then you can keep your stop loss too far from the position so that you will get good benefit of it but make sure that you have taken your position with the trend of the pair

[sweetrevenge88]

If you are confused on what is the right stop loss level is perfect for your trading style then you have to go back in demo trading and experiments with your stop loss there. I am not sure if my 50 pips stop loss can suit your trading because we have different risk appetite.

[ishvara]

its depends on my trading pair and volume. here i always see in my risk. so i set stop loss pips in my own strategy. but average 100 pips stop loss set in EURUSD pair. but other pair like USDJPY, EURJPY i set average 60 pips.

The stop loss that we should apply in forex trading is mostly dependent on the trading style we are applying and the risk reward ratio we are using for such trades. 1 : 2 risk reward ratio for day trading, 1 : 3 for long term trading and no SL for scalping.