How many pips do you think is safe for SL ?

[moonzfriend]

Its totally depends on the Trader. Every trader has their own goals and targets and they trade accordingly and also their risk and profit percentage. I think it is better to trade on basis of your risk...

[pepoo]

Is stop-loss is due to the strategy followed and if you are doing deals long-term or scalping .. I think that the best place to put a stop loss order if you will open long position you place the stop loss order under another support at 20 or 30 points, so be safe ..

[ghysalgreen]

it depends on market condition,in my opinion i think it should be 50pips but it all depends on your skill,strategy and market condition

yes, I think so too, it all depends on the strategy and psychology that we have, if we do not have a good psychology, then we would be very difficult to be successful in forex

[toton007]

I think 50 pips is the best for stop loss (SL). If we can wait for a while to make this loss position higher, it will never upgrade. As a result loss will increase. So stop the trade at time of 50 pips and then start a new trade according to the strategy to make profit.

[ismail007]

USing trailing stop and fixed stop loss has each advantage and disadvantage, in my opinion if use trailing stop with setting 15 pips , possibility will hit stop loss is higher, because if look in 15 minute timeframe price movement uip and down around 20 pips , but its good if in trending market to lock profit

[digger_jim]

The more the traders having the experience to guess the market trend,he can be accurate more in SL factor as i think with a good practice ,traders can make small pips difference SL ,which actually minimizes the loss also. But for that the target should be perfect also ,otherwise the SL hit occurance will be more compared to TP Hit.

For that, you can replace experience with backtesting your strategy. The more backtesting data you have, the better your stop loss prediction will be. After all, even if the past performance is not 100% accurate, it is still give you a better position than without it.

[100 to 1,000]

The more the traders having the experience to guess the market trend,he can be accurate more in SL factor as i think with a good practice ,traders can make small pips difference SL ,which actually minimizes the loss also. But for that the target should be perfect also ,otherwise the SL hit occurance will be more compared to TP Hit.

yes, stop loss can be adjusted according to the level of the experience of the trader.
the more experienced the trader the more accurate he is at pinpointing the stop loss level.

[sohels]

yes friend i am agree with you it is depend only traders won strategy and plan.i see so many new trader also do know how to buy and sell

[Ramnit]

@safayet, True creating multiple demo accounts has on harm in it we as traders always get many chances to learn from demo accounts which we can implement in our real account for making good profits. We can learn with the virtual money and use the winning strategy which makes consistent profit in real account to reap good results

Stop loss and take profit is all the best tool for trader. every trader need use this tool for make money from online now we know forex business is all the best business and trader make money from forex market with their experience and knowledge .

[safayet39]

i would agree on what you have said about that if we fail on our first demo account why not make another accounts. its for free and we could be training hard on this kind of type. we could be more will prepared on during our trades in actual basis. demo accounts is our way on how to make trade in a practice mode and what type of strategies that we are going to try. theirs no harm in try some strategies if we fail theirs no regrets emotions that we have felt. in fact it could make as strong for the mistakes that we could make.