How many pips do you think is safe for SL ?

[TrojanFX]

It is largely dependent on the currency pair in which you are trading and your account size. The pair having history of larger volatility the stop loss pips can be set at higher while pair having lower volatility they can be set at closer.

[jai]

i think that when you trade with the pivot point you will use the stop loss by the break of some point with 5 or 10 pt but if you just trade with good strategy and best management i think that you can use 50pt as take profit and 30pt for the stop loss

[Amitab]

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...

To set your stop loss point and your profit, you must leave a difference of 10 points between them both, for example: 40 pips for TP and 30 pips for SL, but you should see if the market is your friend before to any business, and your own strategy that will give you a good way to enter the market.

[jai]

i am absolutly agree with you i think that order depends with the market when we are trading with the pivot point strategy ..and i think it related with the management too because we could put a good management to make money for exmaple 50pt for Tp and 30SL

[dmambi]

Stop loss placement depends on many factors. when placing it we should take into consideration of the volatility in the market, the amount of money we have in our account for free margin, the take profit setting we are going to put etc.

[anitagala124]

Yeah,putting stop loss and take profits depend upon market situation and volatility .If there is high volatility then put 50-100 pips of stop loss and take profits.

[anitagala124]

It depends upon market conditions generally we can get good signal of stop loss by using many indicators but most preferred is Fibonacci indicators and its retracement will tell you what to put stop loss.

[anitagala124]

Right strategy at last if you have more profits than losses they you have profits above principal money.Traders should use proper money management with risk reward ratio 1:2.

[sagar]

Stop loss is major key of success in life of forex traders as we see many traders lose their whole money due to margin call do not put stop loss which they lose all the money.

[anchitkole]

yes i also think so . when we do scalping then everything happen very quick and when all time infront of our pc then its not necessary to use set SL but without scalping its must be set SL and TP because it may secure our account.