Do we need to watch our open positions to make sure we don't go to loss.

[dafi]

yes, of course actually it is obvious that each trader has a different way of trading. so it is necessary or not a trader continue to monitor their positions in trading, depending on the strategies they use. as traders we need to know to make trades, there are times when we are watching the position or do not have to watch him. for the scalper, generally need to always keep an eye on their position.

[trishabirati]

I think if we use the stop loss or take profit or trailing stop to secure our accounts from big loss or to secure our profit, I think we need to understand that trading is not a game, we have to know the use of all kinds of tools.

[xaxi]

well actually in forex trading I consider that we do not need to watch out open positions always, especially if we set a stop loss and take profits. However in the case of you having a position open and news is coming up, it will be better to watch the position to ensure that the news event does not throw you into a bad loss that you can avoid.

[fxearner]

bhai ji agar yahan aapne apne order ko open karke achhe se stop loss aur take profit lagaya hua hai to aapko yahan apne order ko baar baar nahi dekhna chahiye,yahan aapko apne analysis par vishwaas rakhna hoga tabhi aap yahan achha kar sakenge..

[aniy]

if we use proper S/Ll & T/Pp then we can go anywhere at open trade time.if you put stop loss then you never got margin call.where a particular pair is taking support and where it is getting resistance if you know about a range well it is then easy to enter profitable trades.

[voipkolkata]

I think watching the market all time makes us confused and I think if we can set the right stop loss at our trading then we can easily make good money from the trading without watching the market all the time.

[hyder]

apni trading ko dekhna chahe agr time ho to dekh skty hain ta keh trade ko khod snbhalty rhain aor apna profit ko acha kr skain aor agr na dekhan to apna profit ka stop laga dian to aisy bhi apna order shaih time pr close ho jae ga

[ranjitbaba]

You should stay alert when you are having an open position. Because we are aware about the levels, or might be the support and resistance level, but if you have not placed any stop loss then you should keep eye on your positions because you do not know what news might come during your absence, and what type of volatile market may face, it might your favour or might against your position.
So always carry very small open quantity to avoid such fluctuations loss.

[dafi]

well actually my dear, to me I don't think so because when we open positions then we can't do anything if the position starts going into loss because if we don't have the decision power that when we have to close a trade in loss then it is useless to sit in front of the trading screen to watch the position is going into loss. We must put SL and TP at the time of opening a position and should avoid opening a position without analysis.

[fxjais]

Short term traders ko apne open positions ko watch karte rahna chahiye kyoki forex market ke trend kab change ho jaaye koi nahi janta hai esiliye market ke prize movement par nazar rakhni hogi, jabki long term traders ko eski problem nahi hoti.