How to determine the perfect stop loss order?

[bejol]

Very greatest method to confirm stop loss or even take profits is actually using earlier day pivots point. Take 10-20 higher than or even beneath pivots points and u can simply build profits as soon as this broke. I am not agree along with u which on lengthy term trading stop loss do not have significance. On my read we ought to make use of stop on just about almost most trading..

[MOHOMA]

Some of my friend suggest me to use profit:lose 2:1, but i think this is really hard to do. For myself, i love to make profit:lose 1:2. Even we lose once we can get profit 2-3 times. If we lose two tome in a row, then stop trading in those day. We need to build up our emotion and try to follow our technique. When we get lose and lose, we usually can't think clearly, so its better tp stop trading until we got our emotion back.

[amind]

Every traders must have their own trading system. If you have a good trading system, then you will not confuse how to determine a good stop loss for your trading. I suggest you to find a good trading system first, do some back test, and then you will found a perfect stop loss for your trading

[PujariRaju]

Take profit also must be place around resistance and support too.If the resistance or support of stop loss is too far form your entry point,don't open the trade it would be very risk.I think stop loss must be lower pips than take profit.I cannot tell you to place the stop loss after number of points without knowing what your trading strategy is.Must choose your stop loss according to the strategy.It is not possible to set 100% perfect stop loss.

[tolak angin]

We can dermine stop loss with these capital management. It could be used to decrease the risk of loss which we on the actual trade. Good money management will end up being able to confirm exactly just precisely the way to stop the actual losses on trade. Perhaps we can utilize the space to support the actual resistance can understand exactly in which to place the stop loss.

[ramuna]

i constantly established my stoploos through highest or even lowest prevoius candle however if a few time i make
stoploss 30 pip through my trading however this really is depend upon the actual condition of market for myself to do this.

[brojolfx]

Stop loss is actually a very required factor on forex trading with the objective of stop the greater and a lot of loss as a result of if we have not make use of so we have to gain a very higher scale amount of loss and the account is actually loss..

[rupiah]

typically i trade while not using stop lose order, i cut my order on a sure time also i am take my profit on a sure time if i notice there is actually no a lot of probability to build a lot of profit after that i might cut or even take my order out

[forexlive]

bai saab ji forex ek best bussiness hai hum es kam mai stop loss ki help se apna account save rakh sakte hai fer hum es kam mai acha paisa kama sakte hai bai saab ji forex ek best bussiness hai bai saab ji forex ek best and worldwide bussiness hai hum es kam mai acha paisa kama sakte hai es kam mai ek hee din mai trillion dollar tak ki amount lost hoti hai bai saab ji forex ek acha bussiness hai bai saaab ji

[khan altaf]

Yes I think good stop loss is exactly in which we have a inclination to do not loose abundant and conjointly that�s troublesome to end up being strike. thus generally wise traders established this beneath nearest resistance so these people obtain a lot of chance to guide profit after that to strike stop loss. using pivot, pivot goal is very smart plan to make use of on forex with regard to entry and exit goal. through using pivot points you will be able to established u stop loss and take profit so good.