gud day! im new into forex market,just want to ask, coz ive heard that different brokers have different stop loss requirements, if this is the case, how can i move my stop loss to break even? e.g. ava fx requires stop loss to be at least 30pips from market price, does this mean that i can not move my stop loss to my entry price?
“ava fx requires stop loss to be at least 30pips from market price”
i never heard about stop loss requirement like this for this broker. and also about any broker.
i think either u r talking something else that i dont know or what u r posted is wrong.
according to mine , we can use(move) stop loss according to our plan, and that should be affordable.
so my stop loss is in general varies from 20 to 35 pips depends on market condition and trade set up reliability…
after reaching 20 - 30 pips profit i will bring my BE to Entry.
Ofcourse you can set you stop loss at your entry price, provided that market price is at least 30 pips away from your entry price (in profit). This just means that your stop loss has to be at least 30 pips away from whatever the market price is [B][I]at the time you’re setting the stop loss.[/I][/B]
30 pips away is simply too much. Most brokers expect your SL to be 5 pips away from the current market price.
What part of your anatomy did you pull that line out of?
tnx 4 d reply
tnx! for ur tym
some trader would rather use fixed stoploos when they’re buying and selling allows say fixed ten or twenty pips.l think it is very impractical this is because for each trade the stop loos could be different.putting a stoploss far to aid
or resistant line doesn’t have point.the very best setting is by using support and resistant lines as stoploss
Oanda lets you put a stop at your entry level if you’re daft enough to use it, I set mine at a default 10 PIPS so its 10+ spread, I rarely need to change it. If a trade requires much more than that I wont take it.