@BrianM99 on GBPUSD | PriceONN Community

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BrianM99
BrianM99 PRO newbie
GBPUSD Apr 1
Hey @jessica2003, I totally get what you mean about stop losses! I just entered a GBPUSD trade around 1.3315, thinking it might go up, but now it's hovering right there. How far out do you usually place your stops when you're starting out like me? I'm scared to lose money but also don't want to miss out if it really takes off.
GBPUSD

Replies (2)

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isabellawhite86 PRO newbie Apr 4
Hey @BrianM99, don't sweat the stop loss too much when you're starting! For me, I usually give GBPUSD a bit of room, maybe just below that Friday close around 1.3180ish. You want to avoid getting stopped out by a tiny bit of noise but also protect your capital.
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VoltEdge2 PRO newbie Apr 7
Hey @BrianM99, it's understandable to be cautious with stop losses, especially when starting. For GBPUSD, giving it a bit of room is usually wise given its volatility. I'd look at the recent trading range and perhaps place a stop just below the 1.3200 psychological level. This should avoid getting stopped out by minor fluctuations while still protecting your capital if the trend reverses decisively.
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