I don't discover a need of screening our trades dependably inasmuch as we have a great Mm and a stop loss. most traders lose huge without utilizing a stop loss, and numerous fledglings have a tendency to keep away from it considering if the value might simply ricochet over from that point. this is not a great thought provided that you can't watch market for long
I guess so, when at about the open position more or pending orders, we can see how a foreign currency movements and when we choose a pairs we can say we have understood and when the pending orders and you live or your sleep is not a problem because it is setting a stop loss or taking profit, I am usually taking 10 pips profit and stop loss 50 pipsQuote:
Originally Posted by Jazpa
friend if we have a tendency to place stop loss worth then no have to be compelled to watch the market continue..
we don't recognize wherever can market move in approaching time. we'd like to observe the chart at the time once we area unit planning to open trade.but when open trade we must always place stop loss or take profit according to our analyses or risk & reward magnitude relation. when apply this no have to be compelled to keep eyes on market...............:doubt:
dear aesa nae hota aur ye lazmi bhi nae hay kay aesa ho. aap ko trading may jaisay jaisay experience aata jata hay waisay waisay aap aik achay trader bantay jaatay hain. iss liay ye stop loss ka use kerna safety kay liay bhohot lazmi hay..
ager ham deal open ker lain to better to yah hai stop loss aor take profit fix ker ky market sey uth jae i think ess tarah profit ky chance zada bar jatain hain mostly may aisa he kaarta hon stop loss aor take profit bohaat achi strategy hai hammy lazmi her jaga py esko use kaarna chaaye.
yes of course we need watch our whole positions because if you close your terminal then its mean that you are using take profit in your order and stop loss too , i thin when we are in live trade then must do not close order and must watch market and see orders when you find good profit then close orders if you do not use take profit in your trading ok and dear it is better for us do not go over trading after getting daily target ok
yes its very improtant to find the correct entry point.you must first analyse the maerket and must determine the trend of the market and trhen only you should open your position by placing tp and sl targets
Yes of course we need to keep an eye on our trades to make sure that they don't go to loss. I you have not set Stop Loss then must monitor your trades regularly. I have once lost all my trading capital because i was in my office and could not monitor my trades. When i came back, i saw huge and totally unexpected market movement and my account was drained away. So a trader should watch his opened positions to avoid huge loss.
To avoid doable losses definitely front should be among your positions. We don't tend to grasp what's next and does not wish to lose within the Forex market. Therefore we'd like to require a glance at the graph.
actually there is a way in which if we had entered the trade we are able to avoid reversal, for example, so we've been doing open long positions in EU pair and now we want to go but we've put a stop loss, the easiest way is to install a lock script profit, this function so that we can directly in any profit lock our advantage, this is an easy and safe.Quote:
Originally Posted by potak