Hi Everyone,
I’ve just put a order in to go short on GBP\USD with 1000 Stop Loss (max loss £50). Going to keep it open for the next few days\weeks, maybe longer depending on how things go… am I wise? :eek:
id say your max loss is £500 not 50
£0.50 per pip X 1000 pips = 500
In any case, why 1000 pip stop… just interested in your plan.
N
As Aftab pointed out your stop loss i £500 not £50. Bring down your stop loss to 100 pips if you to lose £50 
what is your take profit level?