As I have made a point many times. Set a "stop loss" soon after having position. There are some who do not set a "stop loss" watching some blogs. May be they have some reasons not to set it. But just leave such a blog. Please set a stop loss without fail.

You can set a stop loss of 110 yen, when you buy dollar-yen position for 115 yen. May be you wonder there is any meanings in such a low stop loss. But there is a meaning. If Washington was broken by terror, the stop would be active.

Even though there is dangerous of 0.0001%, there is nothing loss in preparation. Trader has a right to set a stop loss. Utilize the right certainly. Let me tell you a personal example. In the case you feel you do not need to set a stop loss, you had better set a stop loss just before "you have a margin call if a rate decreases any longer".

A margin call and automatically loss cut is the worst. You should avoid them.

As it is up to a person's character, there are some dealers who set a stop less than 1 yen. Of course, it does not need to be 1 yen.50sen or 1 yen and 50sen can be fine. It is decided by experiences so far. And it is changed as to pair of currency. For example, in the case of trade with pound-yen, it is possible to fluctuant just 1 yen as quick as a wink.

Even more 50sen is almost a category of day trade. This is an exciting pair of currency which can move about 3 yen in a sharp fluctuated day.

It is very important to set a staple amount in any case. If you set a stop as 1 yen, it would be fine. In this case, you buy dollar-yen for 115.65 yen, the stop would be 114.65 yen.

Never move what you set. If you think "today, it seems like to fluctuate sharply" "I want to set a stop lower." In such a case, it is ideal not to trade. It means you can not trade in your style.

I know it sounds stoic. It would be nice if you can trade such a stoic attitude. Please do not change what you set. This "stable" is very important.

"How much can you accept your own loss?" from this question, you can find another way you can set a stop. If you think you do not want to lose more than 10.000 yen in dollar-yen position. You can set a stop loss less than 1.5 yen (150 points) by thinking a risk of about 15.000 yen. You can make a profit of 30.000 yen if successful.

There is some who decide with a percentage of total funds. If your margin money is 1.000.000 yen, you can accept a loss of 3% in a trade. Then, an accepted loss is 15.000 yen in $10.000 when you have position of $20.000. In this case, you set a stop loss within 150 points.

When you lose 10% in funds of 1.000.000 yen, 900.000 yen is left. You need to make a profit of 11.1% to put your funds back. What about 20% loss? It needs 25%. The bigger loss you have, the harder you put it back. From such a point, it makes sense to set a stop loss against your funds.