How many pips do you think is safe for SL ?

[forexman]

yeah,i agree with @anytime sir that it depends on you how much amount you can afford to lose you have to put that and it totally depend on trader.

[blues0399]

The use of stop loss is a pleasure to insider forex and I think it depends on the style of your transactions scalpers use stop loss 20-30 and day traders using 50-100 seeds

[anitagala124]

You are very correct, normally, we should place the stoploss at resistance and support levels, then calculate how much pips we will risk, then calculate how much we can trade.

[wolfkamikaz]

for my opinion the pip for safe SL depent of your money and the averge i can give you exemple if your personal balance is 1000$ and you enter a 10,000$ deal (10:1 leverage), the maximal SL point will be 20 Pips which equal 20$ (2% of 1000$) then play it safe do not risk over 2% of your balance.Of course that's my opinion

[dmambi]

- I always use the Stop losse every order with a limit of 120 pips and Take profit of 100 pips.

- Gooooooooood Luck.....

As i know your take profit and stop loss ratio should be 1:2 if you want to be a successful trader and make money, and it seems your stop loss pips are more than your take profit pips.

[shareem]

there are some scalper who use a script to open a position, so that SL directly specify. weakness scalper is not dare cut loss when experiencing loss. I guess it would spend all the profit that has been gleaned.

[anitagala124]

I usually put SL few pips below the support line in case of a long position and few pips above the resistance line in case of a short position so that if the support or resistance is broken in that case my selected SL may keep my account safe.

[anchitkole]

I think there is no hasitation to place stop loss at the risk level you are intended to take. So why there should be any confusion in this regard. If you are going to take 2% risk place the stop loss at 2% if you want to risk 5% of your capital place SL at 5%.

[nikhil]

it would be better to put the SL is higher than TP that we put that name because after the price will be making our first float because of the payment minus a spread, and this requires us to position the SL is greater than our short-TP

[nikhil]

the lower the risk of trades that you use I think this will impact both the emotional trade you do even though you will fare a little profit but it is good for your defense in this business