What will you do when you know that just opened the wrong position or entry?

[MARandhawa]

We should not take the entry too early and if we have still opened a wrong position then we should close it as soon as possible or we should wait for our stop loss to hit. Stop loss is very important because it saves us from getting big loss in Forex trading market.

[shafique225]

dear friend is main koee shak nahain hai k jab mujay yeh pta chal jata hai k main nain aik worng trade open ker li hai to is per main wory nahin hota hiaoon and is main aik had tak stop loss lga lyatay hoon k aager market yahan tak pohanchati hai tomujay loss ho jayeh ga kahain baar aisa b hua hai k mujay us faida b bohat hua hai.

[Aliakbar2016]

is kisam ki situation ma yahi kia ja sakta ha ka ya tu trade ko close kar diya jaye ya phir wait kia jaye kio ka sirf ya 2 hi option hamary pas hotey ha is kisam ki situation ma ab ya trader pa depend karta ha ka wo kia karna chahata ha

[bangunan]

I think, however, as a trader we must always be ready with all possibilities,
including possibilities when we have suffered losses. Therefore, when we realize that
we are wrong or contrary to market movements, we have to take decisions to reduce losses,
so it will not make us a huge loss. and it will also provide an opportunity for us to trade with a better future.

[sinjo abe]

Do not let it run too long, we need to make decisions, the right decision in a short time before it's too late,
we can close the order or we can set the hedging, this is the best thing we can do then we only accept floating minus.
too big, and I think hedging is good too, we can take the same risk with stop loss,
cut loss but we still have a chance to fix it and so we have to think carefully before making order and make.
sure that we are on the right track...

[kenapo]

If I know I have entered wrongly, then I will cutloss, because most likely, the losses will be increased,
but sometimes difficult to accept by some traders, because they only want profit
on every transaction only when our position is wrong. , maybe I will do cutloss, then open another position
in accordance with the direction of the market at that time, I have experienced big loss and margin call,
because I do not dare cutloss enlarged, and finally my margin call in 2 days, but I get it with profit 40 days ,
create a trader! do not be afraid to cut losses!

[pepsoden]

When I open the wrong trade or by mistake I go in the wrong direction,
I will see a closing chance for that trade and after getting it in trading I will close my trade.
In fact, Forex traders do not have to wait more time with the wrong trades open
and immediately close them.

[Doji]

If we know that we have opened the wrong position in the market then we should re-evaluate the analysis we have made before.
So that way we can know whether the position we make is wrong.
If we already know the direction of the right market movement then you should closed the old position first before we open a new position in accordance with the prevailing trend in the market.

[rehanayaz2]

Yes my dear Forex trader aapne bilkul theek kaha hai mai aap ki baat pe agree karta hoon Forex trading Ek Aisa business hai jispe aap Agar wrong posting Karenge toh aapko loss hi hoga Uske aapko Agar experience nahi hai to aap bilkul Lowes Jayenge

[ghaffar500]

dear trader jab hamain yeh pta chal jiay k hum nay jo entry li hay wo ghlat hay to hum us entery ko usi time hi close kr dain gay kun k agar us time hum nay aisa nahian kia to phr hamain aur bhi loss hoga aur yeh hamary liay achi chez nahain hogi........