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

[fibo]

as a trader when opening an open position is not in accordance with the direction of the price movement, traders need to be calm and do not be afraid to do to be able to cover losses by the results of the open position with a size larger size or also with hedging to lock in the price

Yes we get loss in forex trade cause we not follow all its rules with care, we do just time pass, although it needs great knowledge about forex trade with care and managment, in positive risk towards getting the capital for increasing life standrads and other requirements. which is money, and this means that we use our experience and knowledge of all of this, to be honest, it's important that managed to do a good job.

[eddy]

as a trader when opening an open position is not in accordance with the direction of the price movement, traders need to be calm and do not be afraid to do to be able to cover losses by the results of the open position with a size larger size or also with hedging to lock in the price

[sangam]

when you have opened wrong trade then you must have to wait for sometime and try to close it with whatever profit you have and wait for sometime before you have to take any new trade so that you will not take wrong trade again.

If we are in a wrong trade still we can see if there is an opportunity in the markets which can get the trades reversed and we can exit with little profits or no loss. This can be good approach for them.

Still wrong positions are a risk to the trader

[fxmoney]

when you have opened wrong trade then you must have to wait for sometime and try to close it with whatever profit you have and wait for sometime before you have to take any new trade so that you will not take wrong trade again.

[Garin Rahayu]

hat will you do when you know that just opened the wrong position of entry?
difficult for the newbie trader like me to make an entry in the right position. this is usually due to impatience in the trade. in fact rarely because of doubt and nervousness so quickly closed position. so fast that the funds in the trading account is reduced.

when I found out I had just opened the wrong position entry then I immediately take a look to the higher timeframe and the possibility margin that I have to cover it? if sufficient, then I let the floating minus, but if not then I immediately opened a new position in the opposite direction to the previous position.

How about you?

I will closed my position when I feel it goes against my point of view, but even close in loss and when I see it in the moment where I set the stop loss than I was then. And i will use hadging strategy to lock my new position,and make analysis.

[kiosjingga]

What will you do when you know that just opened the wrong position of entry?
difficult for the newbie trader like me to make an entry in the right position. this is usually due to impatience in the trade. in fact rarely because of doubt and nervousness so quickly closed position. so fast that the funds in the trading account is reduced.

when I found out I had just opened the wrong position entry then I immediately take a look to the higher timeframe and the possibility margin that I have to cover it? if sufficient, then I let the floating minus, but if not then I immediately opened a new position in the opposite direction to the previous position.

How about you?

Yes I am still a beginner. And I often make mistakes that lead to losses. What I do to prevent that error then I have to learn it first on a demo trading. In the demo I was able to get a good knowledge about Forex trading.

[ludric]

for me if i made wrong position i will search the trend and predict if that will be far or not
if the trend is change that migh make me floating more than 100 pips i will close it
but if the trend still in same and i predict it will not more than 100 pips i will make averaging position
it means i make same position with same lot betwen 25 pips on distance.. and i will cut it all close if the result for totally is positif

Thats is the matter of trade..! Forex is a risky business we all know but it is pity that many are making it to be even more risky for themselves. The desire to make more in few days, and the failure to follow our trading rules are the majour factors that causes loss in forex.

[eng.adham]

for me , when i know that just opened the wrong position , i will immediate close this position to avoid getting any huge loss . then i will wait until i can find another good position .

[alomgir]

I just closed my position when I feel it goes against my point of view, but even close in loss and when I see it in the moment where I set the stop loss than I was then, I think it is such a great frustrated would further expertise and information to understand the direction of the trade.

[silverlhr]

first meri khoshish hoti hai ky market ko achay sey analyse ker ky trade open karon lakin ham her waqt market ki condition ko theek trah sey samj nhi saktain ager mery saath aisa ho jaye to may wait nhi kaarta aor deal ko fori loss may close ker daytaa hon.