Hi Im new to the forex game and just trying to get a handle on things what would you more experienced users say would be the number of pips to put on a trailing stop?
You’re thinking about things backwards. Leverage should not determine your stop. Your stop should lead you to trade at a given leverage - meaning identify your stop and determine your trade size based on the amount of risk you want to take (in $ terms).
Agree… And also the trading style should favor a trailing stop. A trailing stop can kick your trade out too soon, leaving you with a loss.
Z, back to the baypipschool.