How many pips do you think is safe for SL ?

[preeti]

In my opinion that 100 pips of stop loss is fair enough , because sometimes when you do the analyze the price usually will go against you for about 50 pips . Then the price bounces back and hit your target profit , so don,t use 50 pips of stop loss or less...

[sgoythale]

ya i think you just on point on this issue, but in my opinion i think sl should be based on your risk to reward ratio because with this you know what to expose base on what's in for you...

[kutuk]

when I myself rarely use SL or SL if wearing it long distances because we as a trader wants to make a profit and not get lost though very risky because SL is used to minimize the losses that are too big, so if I'm looking at my direct minus hedging and waiting for the right moment to release the lock

[plankton]

determine TP and SL depends trading systems that are used every trader. SL is very different uses to determine safe point. I think TP 10 pips and 30 pips SL is great for beginner traders, many traders trade without a stop loss

[faissel]

Pivot points are really good tools to use in setting stop loss and take profit targets but the important thing about setting your stop loss is that you should give the trade enough space to manouvre and this means that your stop loss should be large enough.

[kissshore]

I hope keeping SL, is depended on your strategy..! Always follow your strategy rules but in general it can be used as by placing the SL in the recent highs and lows ..! This will ensure good safety for your profits..!

[suyati]

if i use approximations to assign points sl sl = I will use as my tp tp 50 pips then sl that I use is 50 pips as well, but I generally use the analysis so sl based signal where if the market is in contrast to my position then sl I will be touched

[rivera]

mostly i use 50-60 pips for my SL. because i use daily trading in EUR/USD, my TP is 30 pips and my SL is 50-60, then my ratio is 1:2. i think it is good enough for good money management and risk management

yes, 50-60 pips is a good SL for EUR/USD because this pair is really volatile it often more than 50 pips per day, so i think 50-60 pips is good for SL. i trade in EUR/USD also, and use 59 pips for my SL

[andyfx]

mostly i use 50-60 pips for my SL. because i use daily trading in EUR/USD, my TP is 30 pips and my SL is 50-60, then my ratio is 1:2. i think it is good enough for good money management and risk management

[uknim]

Professional traders always use SL in any trading. In addition, they also limit their losses in the range of 3% of the capital they have.
So, that's what distinguishes an amateur trader trader with prof.