How many pips do you think is safe for SL ?

[joru]

ya its all depends on the trader where he want to set the stop loss and take profit. if he able to set proper stop loss and take profit then it can be benificial for him

[Ramnit]

Stop loss may be place according to the leverage and volume used by you. as said by friend you have to determine first how much amount you want to keep for risk. Then according to that amount calculate the pip value and place a stop loss.

to determine the good SL is could use a Fibonacci retracement, with Fibo retracement we can know where it should put the TP & SL , the stop loss can prevent us to cut loss, so here is the use of stop loss for the prevention of greater losses

[purohit]

Stop loss may be place according to the leverage and volume used by you. as said by friend you have to determine first how much amount you want to keep for risk. Then according to that amount calculate the pip value and place a stop loss.

[purohit]

Yes it is. According to the situation, we have to decide whether how much pips we have to place for stop loss. If the market is very volatile then predict the trend and place order with more pips. so that your stop loss will not triggered instantly.

[joru]

It is more important to you that you have to place the stop loss at appropriate level so that you can not get hit the stop loss immediately and you may get profit from that trade. Just go for the charts and get the major support and resistance levels at that place you can place the stop loss.

[purohit]

stop loss main agar aap high lot ke trade open kare toh aapko jarur 25-30 pips main sl ko set karna hoga.Lekin aap agar medium lot main trade kare toh aap ke liye 50 pips main stop loss use karna thik rahega.

[huda]

its depend on the balance available in you account.Now here comes the main factor called money mangement.According to your money management you have to set your stop loss and take profit

[yogesh]

No number is safe in forex trading and so what is the appropriate term we can use here is "less risky", it may depend on the volatility on particular day and the pair used to trade - still a point which is not violated since some time we can expect will be maintained in near future and so can use as stop loss level.

[BDforex]

Trader should open a trade before concrete and good analysis. then he set his stop loss 20-25 and take profit 30-35, it should be depend on market condition and his money management.

[cac4a26]

yes i accede 100% with you about application sl in anniversary and every position we make. we apperceive the bazaar can al of a sudden change its movement afterwards a above account or announcement, and all our assay with be a section of applesauce in such situations so we should consistently use sl.