Quote Originally Posted by Omoba9ce View Post
Setting stop loss largely depends on your trading style, your risk amount, and even the pair you are trading. However, making use of swing highs and lows, support and resistance, you can set reasonable stop loss. Always remember not to make your stops too tight, especially when trading forex crosses.
You are right about the trading style, but it will depends more than that, because there are many standard ways a trader can place the stop loss accurately well. If things are done in the right ways, the trader will earn what they need and still get their account protected through the help of the stop loss. All that matters is the plans the trader have about both their trading and the use of the stop loss itself.