Cryptocurrency Q&A
How many pips for stop-loss?
How many pips for stop-loss?
CryptoWizardry
Tue Dec 17 2024
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6 answers
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I'm considering setting a stop-loss order for my trade, but I'm not sure how many pips I should set it for. I want to minimize my losses, but I also don't want to set it too close to the current price and have my trade closed out too early.
6 answers
Maria
Thu Dec 19 2024
Traders have the ability to set a stop-loss in pips during their trading activities.
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CryptoVisionary
Thu Dec 19 2024
Taking EUR/USD as an example, if a trader decides to go long at a price of 1.3600, they can specify a stop-loss level.
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Federico
Thu Dec 19 2024
A reasonable stop-loss for this trade could be placed at 1.3550, providing a clear point of exit in case the market moves against them.
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EnchantedSeeker
Thu Dec 19 2024
This particular stop-loss level represents a difference of 50 pips from the entry price.
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SumoHonorable
Wed Dec 18 2024
Pip, which stands for percentage in point, is a common unit used to measure changes in currency pair values.
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