How many pips do you think is safe for SL ?

[junaidi99]

determination of stop loss depends on the time frame used. the greater the time frame that they use the SL can be even greater. I use TF 15M and I put the SL at 20 pips. take profit at 25 pips. using SL is a must in order to be safe trading

[romeofx]

my position and dont put sl that time thinking that i am infront of pc and that time i lost net connection and that was newyork session and due to heavy movement of market i lost good number of pips..

[rezafx]

sl should be tailored to your money management strategy and, if you are a scalper then it should be a little sl but if you are a swing trader then use a larger sl, sl do not connect more than 10 percent of your capital

[ahadbd]

Well, thats right. You should place stop loss that you afford to lose. But support or resistence level and pivot levels are useful for stop loss.

[sikil]

burn Relax loss a few pips before the equity out, and would not want to depot again. there is still tomorrow that still provides plenty of opportunities to gain dollars.

[lanre01]

the number of pips to be used as stop loss in my own opinion should not be specity, rather based on the strategy, because 50pips might be too small in a very volatile market, or too much a quiet market

[jani927]

i think if you have sufficient investment then you should wait as you can because in Forex trading when pips go down after then these will go to the top and hence you can increase yours income but if you have low investment you should stop loss early depending on yours balance.

[fxmoney]

yes thats good stragegy never user bigger lot it is very bad for our trade...but I think you should try increase your take profit for your breakeven when your stop loss touched...if you using 20 in take profit that mena you loss are bigger that your profit I think

Yes that is very useful strategy to trade in the forex market but you must have to keep one thing in your mind that you have to take the trade at perfect place so that you will definitely trigger the take profit from your trade. so try to be patience upto the major level for the trading.

[m1ndsrokk]

Hi,
As for me, i will set stop loss 30 pips from my opening entry points.
From there also i will set up 20 pips target entry (take profit)
This always make my margin safe. Each lot i only open 0.01
That was my strategy.

yes thats good stragegy never user bigger lot it is very bad for our trade...but I think you should try increase your take profit for your breakeven when your stop loss touched...if you using 20 in take profit that mena you loss are bigger that your profit I think

[rzza]

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...

Hi,
As for me, i will set stop loss 30 pips from my opening entry points.
From there also i will set up 20 pips target entry (take profit)
This always make my margin safe. Each lot i only open 0.01
That was my strategy.