First of all, fame is a condition. The following personal experiences and lessons are discussed under the premise of strictly controlling positions.
(1) According to the scale of funds. If your capital is $500 and you make 0. 1 lot, you can set 50 points according to the rule that you can't lose 10% every time you make a mistake. If you do 0.2 hands, set it at 30 o'clock alone. 1000 dollars is 100 points. However, the setting of the maximum stop loss point cannot be greater than the maximum one-day amplitude of the currency pair. If you order 500 points, 1000 points, it will lose its meaning. If your capital exceeds $5,000, you can't set the stop loss according to 10%.
(2) Set according to the resistance level or support level. If you can determine the resistance level or support level of your cargo spring pair, set it at 50 points below or above this position, not at the resistance level or support level, because it is easy to be swept by the main force. The main force often uses the way of breaking through the main resistance level or support level to sweep the order.
(3) Set by integer position. Integer bit is only a reference, and cannot be set at the integer mark. It should be 30-50 points higher or 30-50 points lower than the integer bit. If you short when the euro price is 1.3333, you should set it near 1.3430- 1.3460 instead of 1.3400. Your setting and positioning must not be consistent with most people. Don't be too popular!
(4) Set according to market activity. The foreign exchange market fluctuates greatly, so make it bigger. The Asian plate can be set smaller. Active and inactive trading settings are different.
For example, Huitong.com is a good foreign exchange platform.