I am new to Currency Trading, I was wondering how much should be the ideal minimum stop loss [Intraday] in terms of pips[0,0025] for USDINR Future positions to take maximum advantage of our trade with good risk management, also If some one has in mind the maximum stop loss in terms of pips for the same. I trying to figure out risk management for Currency Trading, any inputs will be highly appreciated. Thanks Vivek.
For usdinr 16 pips is good enough if you are righ about your decision.
Other currency pairs are a bit more volatile with low volumes so it’s better to maintain 20 to 24 pips SL