How many pips do you think is safe for SL ?

[Agazaman Awang]

this is risk reward question. depends on you strategy and plan. how many you you ready to lose to take greater chance of profit. i actualy often pending oder buy limit near strong resistence and stop sell pending oder below the support to reduce the risk and get greater reward by minimize my stop lose.

[Kimpet]

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..

I am using 20 pips s/l because I don't want to loss so big that is why I control my losses, especially when the trend reverse and the loss become worst if my s/l is huge that is why I only put small s/l on my trades.

[rk225325]

koi bhi nahi chahta ki wo forex mein jab bhi trading kare toh jyada loss kare.isliye wo apne loss ke liye sahi stop loss ka use karega.main forex mein jab bhi trade karta hun tab main stop loss aur take profits ka use karta hun.

[fakermane]

I am using Static Support and Resistance to define it.. I just set it in the Area where the Price doing Reversal opposing my Trade Position Direction. You can set it 20-30 Point but your Target Point should bigger than Stop Loss to Implement good Risk and Rewards Ratios.

[mojcris]

I think that it's dependent to your account specifications, like your lot size , your leverage and your capital investment, for example if you have a 100 $ account with 1000 leverage then you can have a position with 10 lot size and 30 pips stoploss

[noor]

i think this is depends on The size of which you trade with
but in general you can put it 20- 30 pips , but if you trade in small time in m1 or m15 not important to put loss stop as my self i use take profit only

[goldenmember]

I don't think that any SL is safe. You should not think about safe or not safe because losing is part of trading forex. If you are wrong then you wrong and you just move on to the next trade.

[sayem]

I think its depend on traders own plan and business strategy. many traders are trades many different ways. some are trade for short term and some are trade for long term Forex trade. in short term 50 pipes is safe for set SL. but it can increase when you trade long term.

[aray]

i say that,
Your present strategy is a terrible way to trade forex. .you say that 500 pips daily is too little, Even though I find Forex fascinating still it's a bit complicated for me being a newbie and all.

[andrian]

I think that if you are trading in forex with goals and objectives it is possible that you reach your dreams in forex. you must determine cleary the reason why you are trading in forex and what you expect in a determined time.