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

[styusan]

yes i have faced such problem manytime.i enter the trade i found out it was not a good time to enter as market moves further oposite to me.I can do nothing but to look for the higher time frame.if my higher time frame candle also supports my entry i let it opened otherwise i close the position in least loss as it possible.

[noul]

jb hmn pta chlta hy kh hm ny ghlty sy ak ghlt traid start kr di hy jis ki wjh sy hmn bhot zyad ya km bhi bhr hal nuqsan hona hy to is kly hm us traid ky agy bnd heading lga daty han us ky ult ak traid lga daty han takh jtna nuqsan ho utna h faida bhi ho aur bat whan ruky rhy

[fxmoney]

It is better to close thw rong trade at that time only as you may not know when the pair will move fast in one direction so try to close the trade with smaller profit or less loss so that you will avoid more loss.

[fxearner]

bhai ji agar kabhi trader ko lahgta hai ki usne wrong position open kardiya hai to usko apne position ko tabhi close kardena chahiye kyunki nahi to usko bahut loss hoga,trader ko yahan achhe se sabb samajhkar he market me trade ko open karna chahiye..

[ity]

well dear actually I consider the use of hedging is not a good idea at this time so it is best if you open the wrong place, I recommend closed position and continue the analysis back for hedging will not work well

[torque41]

Bhai loss mai close kar dunga kiu ke agr zyadfa wait kiya to aur zyada loss ho sakta hai islye kum loss mai band kar dunga taake nuqsaan kum se kum ho mujhe aur kuch ni kar sakte

[mohamed said]

Once realised the mistake i think the first thing we should do is correct the mistake and so at times when we know that the trade we opened was unintended or unwise we should correct the mistake by closing it .

[fxmasterind]

My friend this is very important factor in forex trading and we should know that if we see the trade is opened wrong then immediately close the trade because we should not trade with emotions or hopes.

[sultankhan]

According to my knowledge we must care and work with accuracy.we get proper knowledge about forex trading .risk is always present we avoid this one and do work with concenteration.

[Lubna Fahim]

Its better to close that trade immidiately because its better to close it on other wise if we keep it than may be it bring loss more than our expectation. I always close my trade when i realize that i make a wrong decision about entry because that release my tentiona nd provide another chance to open fresh trade.

Main aapki baat se poori tarah sehmat hoon k agar humse ghalti se trade ghalat direction me open ho jaye to behtar yahi k trade wahi close kar de is baat ka kabhi wait nahi karna chahiye k shayad trade humare rate par ajaye to band kar den issi aapka loss aur barh sakta hai, Forex trading me loss book karna bhi ek skill hai agar aap loss book karna nahi jaantey honge to aap apna account kabhi khatam kar saktey hain.