How many pips do you think is safe for SL ?

[jabrik1991]

Stop loss is very important on your trades, if you are newbies. Most experienced traders hesitate to use Stoploss. They analyze well and place the position, they also wait for a long time to achieve the target. This is suitable for me. let us discuss.

stop loss is very good friends. therefore security for trading account. use buy stop and sell stop is also a good partner for an SL because it makes us not easily touched. determination of SL installation. is the calculation of an indicator fibonanci retreacment.

[kanwaljit]

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...

SL is not important as opening a good trade, the better your trading decision the better is the trade and more are the chances of earning a good profit, personally i never keep a loosing trade too long if the general market trend does not agree with my trade, sometimes keeping an SL closes a good trade too fast

[venkiaries61]

Stop loss is very important on your trades, if you are newbies. Most experienced traders hesitate to use Stoploss. They analyze well and place the position, they also wait for a long time to achieve the target. This is suitable for me. let us discuss.

[jabrik1991]

i sometimes use stop losses only when i am away if i am trading manulay then i decide by my self when to stop or not and yes it depends on the markrt conditions

means the system that you use to monitor a trade directly, but you have to dare to take risks when there is minus on the account, such as cut loss. most importantly do not be afraid to take big losses when the price moves, and we reverse. . .

[aryan]

i sometimes use stop losses only when i am away if i am trading manulay then i decide by my self when to stop or not and yes it depends on the markrt conditions

[arihant]

well i guess it depends how much you are willing to loose on each trade and it depnends on the lot size too higher the lot size small the sl smaller the lot size higher the sl so atlast it depnds on you euqity also

[sachin]

my experience is same with u,..every set sl on 10-20 pips price is touch the sl and turned toward,..so now i using sl 30-50 pips more safer than use 10-20 pips

[cumil]

I always put on trade with TP and SL, I put the stop loss is not appropriate in support resistance, but I preferred 10 pips, so as not subject SL, then price reverses direction. I am evaluating my trading skills to progress

whats your style? scalping/ intraday?

I think 10 pips is too tight, I'm sure your stop losses will be hit, maybe you can think again if your stop loss could broadening again perhaps 15 or 20, maybe it would be great

[s19]

I always put on trade with TP and SL, I put the stop loss is not appropriate in support resistance, but I preferred 10 pips, so as not subject SL, then price reverses direction. I am evaluating my trading skills to progress

friend In my view 10pips stop loss is batter if you are scalping trader but if you are other type of trader then 10pips is not good stop loss. you need to modify your stop loss according to your analyses.
In forex we can see movement more then 100pips in a day some time in a hours.
we should set stop loss according to our analyse not on base no of pips.

[raja]

I always put on trade with TP and SL, I put the stop loss is not appropriate in support resistance, but I preferred 10 pips, so as not subject SL, then price reverses direction. I am evaluating my trading skills to progress