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

[mountainbird]

many on times i make that mistake when i was new trader in forex but in that time if open any wrong position then was always let it go with hope and make many time losses. but now if i open any wrong position then just close it to make some pips loss

[chan]

I think sometimes it happens that due to the pressure of forex trading, we will open the wrong positions. It does sound horrible but it is better than having a massive loss and its a lot better than hoping.

[perubahan_kita]

I will open orders with the same lot
with certain calculations
and I'll be out in the market konsisi profit


but when I know my prolonged trend will stick out the market at a loss

[vanetina]

yeah it's probably so...entry and exit point is very important if you do not have good analytical mistake you can select the entry and exit point this will make you loss or very little profit

[arif1702]

usually if I enter the wrong position, then I see the movement of the market and I will calculate the range, then I let it float minus and at the right time I'll put up a new position to correct the wrong position, because I was against the trade pattern of market trends

[haque12]

If we do wrong calculations, we should wait for the market, whether on of your position.See move, the direction of movement, we should not hesitate to cutloss and plug-ins direction computing market in any direction or not.If time frame....thank you.

[forextool]

I always put a take profit and stop loss at the beginning of trade. If you have small knowledge of forex then you can do this. But once you have understood that you have done wrong then it is wise to close the trade

[lishader]

close this piston and we can combine multiple indicator to be able to bring more profit and greater efficiency may be a combination of RSI, BB Mrs. MA ... that depending on the individual but remember that the indicator always lagging

[hend]

inside trade, errors in taking the trade position is thing that ordinary, because it indeed we must prepares it with good planning. clearly, we must have a way to be able to minimize the losses that we may experience. in my trade, I usually use a stop loss or cut losses, because I do not want to lose too much in my trade.

[m16kamran]

new traders ko thoora mushqil hoota hai staert main kun ka un ai pressure hoota hai and vou jaldie main wrong postion open kar daita ahin . to best hall tou yaiee hai ka ap forun close kar dain and is apko loss thora hoga just spread loss . otherwise apko bohat ziada loss b hou sktaw hai .