What to do when market moves in opposite direction ?

[luvestruck7]

See Forex market is such a thing your initiated price will definitely come whether in same day, or after several days or after a week or month but the main thing is what strategy you are following? Suppose after creating a position if market goes against you, now as per your strategy either you have to close the position or else if you are sure your price will come back then you can average with another position.

[setiawanedi]

indeed it is very annoying for us is if the market is always turned to the open position that we do. it often makes us become upset due to this we will always be easily exposed to losses while trading forex. therefore we need to consider it little by little. I often feel resentful if the movement of the market is not in accordance with what we expect is extremely annoying at all.

[fxblack]

we cannot change the market or tell it to move in our direction so i think it will be better if we are able to accept the fact and when the market goes into opposite direction we must close our trade

[arslan008]

according to most of the people they think that at that time closing of trading is the best but according to my opinion the best option is to use of stop loss by using stop loss you can escape from loss of your profit and save your money for next trading...

[santhoshi]

if the market moves to the opposite side then there is no chance to escape from loosing money. we can also place stop loss to avoid more loss. placing stop loss completely depends upon your wish and your account balance. but i suggest you to place stop loss that you afford to loose money.

[vetaveta]

well the best thing is to stop and think and think and think that is something that is good to do and make and if you dee that you will win the direction in the end then wait and if not change your direction but be careful

[dareking]

bhai agar market opposite direction ma move karna start karti hay tu hamay trade ko close nh karna cahiyay . agar ap apni trade ma stop loss use kar rahay hay tu ap ko stop loss level tak wait karna cahiyay .

bhai stop loss ka agar use kiya hai, to fir wait hi karna sahi rahega, agar stop loss nahi lagaya hai, to fir bhai main to ye baat kahunga ki humko apne trades ko sahi samay par hi close kar dena achcha hoga.

[fxyellow]

well if the market moves in opposite direction it does not necessarily mean that you have gone wrong in your analysis as the move can only be temporary. I have faced this situation many time in gold trading and so the best thing to do is to keep calm and not looses faith on your self and your analysis I.E if you have done any. Be calm and things just might turn in your favor

[kashk]

If you have placed your trade and you see that you have opened a wrong entry and the market is reversing and you want to limit your losses then open a trade of same lot size in opposite direction and when you are confirmed that the price is going to move in opposite direction then close the previous trade. In this way, you will make your lose trade a profitable one.

[jazzfx]

I think that we should not do anything when the market moves in the opposite direction of our trade, we have to just sit and watch whether our stoploss is being hit or not, we don't have to try anything foolish that will increase our losses.