View Full Version : Do we need to watch our open positions to make sure we don't go to loss.
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Jazpa
2011-11-05, 09:50 AM
I forgot to close my trade and very next day I did not get any chance to view my trade. And later when I got to my trade all my money was gone. If I had been there keeping constant eye upon the trade, perhaps I will not be broke. So what do you all do? When you have to go for any urgent jobs, would you leave the trade open?
Jazpa
2011-11-05, 09:52 AM
There are some traders who go on fore about 5-10 years with single trade too. And there are some who stick with the trade just for few minutes settling for 3-5 pips. So what should we exactly need to do?
shibilyt
2011-11-05, 09:57 AM
I don't find a necessity of monitoring our trades always as long as we have a good MM and a stop loss . most traders lose big without using a stop loss , and many beginners tend to avoid it thinking of if the price would just bounce back from there and so . this is not a good idea if you can't watch market for long , or you wanna kill your account yurself .
i also dont feel to want or monitoring our trade at all time.
if we use proper sl & tp then we can go anywhere at open trade time.
if you put stop loss then you never got margin call.
Definitely we should monitor our open positions to avoid the chances of possible losses. We don't know the future and we never wanna loose in forex. That's why we need to have our eyes on the market chart.
friend if we put stop loss value then no need to watch the market continue..
we dont know where will market move in upcoming time. we need to watch the chart at the time when we are going to open trade.but after open trade we should put stop loss or take profit accordig to our analyses or risk & reward ratio. after apply this no need to keep eyes on market.
prabhashxsp
2011-11-16, 04:23 AM
ya as i am a newbie i don't have that much experiance to give advice . mai manta hu ki humai always open position dekhna padaiga kyu ki forex mai bahut jaldi trend change hojata hai aur pata bhi nahi chalta . as i have observed ki hamesha open position pai nazar rakhni chahiye
mayengbam
2011-12-02, 09:45 PM
ya, its important to constantly monitor the open trades and news which may affect it.
And a very important thing is to define the targets of the open trades else MC may happen as you have cited.
yogesh
2011-12-02, 10:36 PM
By watching market movement for sometime you can understand the market conditions and also know well 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.
I forgot to close my trade and very next day I did not get any chance to view my trade. And later when I got to my trade all my money was gone. If I had been there keeping constant eye upon the trade, perhaps I will not be broke. So what do you all do? When you have to go for any urgent jobs, would you leave the trade open?
we should locate the our trades that we opened if don't set the SL for our manage lose level and closing of trade the est time bur when you set the stop lose then you dont have to sit in front of Chanel
nikam
2011-12-26, 05:23 PM
There are some traders who go on fore about 5-10 years with single trade too. And there are some who stick with the trade just for few minutes settling for 3-5 pips. So what should we exactly need to do?
aadrika
2012-01-01, 12:11 AM
I forgot to close my trade and very next day I did not get any chance to view my trade. And later when I got to my trade all my money was gone. If I had been there keeping constant eye upon the trade, perhaps I will not be broke. So what do you all do? When you have to go for any urgent jobs, would you leave the trade open?
You do not need to constantly monitor your trades, you just need to set stop loss so that if the trade goes bad it will automatically stop itself. Another thing you can do if your pc is constantly connected to power and internet, is to set a trailing stop so that your trades will close at a profit if it is about to go bad.
yogesh
2012-01-01, 01:06 AM
You do not need to constantly monitor your trades, you just need to set stop loss so that if the trade goes bad it will automatically stop itself. Another thing you can do if your pc is constantly connected to power and internet, is to set a trailing stop so that your trades will close at a profit if it is about to go bad.
This is right action if you dont have time to look at market, but there is no harm if you have time to watch the prices and your trade, may be you can take action looking at market movement like increasing target or closing trade before target if you see signals that show indicate trend reversal. So it pays if you want your trades.
adahidayat
2012-01-01, 01:39 AM
i do not watch my open positions all the time, because it will create more pressure, tension, and emotions in my mind...because if my positions increase in negative floats, then i will get more anxious....so i will just apply stop loss to my open positions, and simply see it few times and my stop loss always make me relax, because i apply it to that place, which money i can afford to loose....it is the best way to avoid extra burden and stress...
atif58
2012-01-01, 12:51 PM
I had happened with me also. Now I always close my all positions before leaving my computer.
The answer of the question you are asking is depended on the traders' style of trading. If he is a long term trader then should have enough capital and smaller lot sizes to keep open positions for weeks even months and years. But for a day trader as they have small capital they should close all the positions before leaving, or if they are leaving then they should put stop limit.
anubhavsingh
2012-01-01, 04:31 PM
u no need to watch whether the trade is in loss or profit once if u place take profit and stop loss. if u r long term trader u definitely need to place it. If u r scalper u just sit and watch for not more than 2 hours to make 10 to 20 pips.
stop loss aur take profit bahut hi zaruri forex tools hai jinki madad se aap apni tarding ko aur acha bana sakte hai
har tarder ko iski zarurat samjhni chhaiye aur issi ke hisab se tarding karni chahaiye...agar aap inhe set karke tarding karte hai to aapka account kafi safe rahega aur apko bar bar account ko dekhne ki zarurat bhi nahi padegi
maliknas
2012-01-01, 11:20 PM
It is okay to keep on monitoring your open position but it's no need to worry about it if you have used good money
management to limit your losses. So it is no need to keep on watching chart because we have setted TP and SL
so we won't lose too much.
I agree with you that we don't have to keep on monitoring our open positions if we use the best money management because with a good money management there is very less danger of margin call so we can put stop loss and take profit and no need to monitor if we have good MM.
anubhavsingh
2012-01-02, 12:03 AM
hame jo bi trade ki hai or agar wo market main chalu hai to hame usko dekhna hi padta hai.
bina trade ko dekhe ham rah hi ni paate hai.
agar hamari trade main stop loss or take profit ni hai to hame jyda dekhna padta hai ki kahi hame bahut bada loss ni ho jaaye.
apne tradres pe har trader ko anzar rakhni chahaiye..aur waise bhi ajb market me paisa laga hua hota hai to apne aap trader ka dhyan us taraf jata hi jata hai
leki nsabse acha tarika rehta hai ki apni deals ko stop loss aur take profit se lock kar diya jaye..aisak arne se aap agar kabhi apni deal ko nahi bhi dekh paoge tab bhi apko shanti arhegi kyunki apka maximum profit aur maximum loss pehle se hi decide ho chuka hai..
anubhavsingh
2012-01-03, 12:00 AM
I think it's okay if we don't have time to monitor it again and we have setted SL and TP because it is safe enough when we have
setted SL and TP. It is not wrong if you want to monitor again but the usage of SL and TP is limiting profit and loss in trading when
we left the market.
aisi situation se bachne ke liye hi traders stop lsos aur take profit ka use karte hai
pehle me bhi inka use nahi karta tha lekin fir jab mera account 1 bar margin call tak gay tab mujhe smajh aya ki stop lsos kitna zaruri hiota hai.uske bad se maien stop loss lagana shuru kiya aur fir mujhe bahut kam tension rehne lagioi apen account ki kyunki mujhe pata hota tha ki meri deals limited profi ya loss me hi kategi
muhammadatif
2012-01-17, 05:43 PM
Yes apni open positions ko dykhna bohat zaroori hai because forex trading minton ka game hota hai ager aap apni trade ko nahi dykh rahy to hosakta hai us time aap ki trade profit main ho or bad main who loss main chali jay or aap apna earn kiya howa profit kho dain.
fxquest
2012-01-17, 10:37 PM
There are lot of advantages of watching your trade, first you can easily track when trade is turning direction and so you can exit, you can also make more profit if you see prices are moving aggressively near your target, and more than these you get good understanding of levels of pair and range to enter further traders.
abcforex
2012-01-18, 07:04 AM
Yes, of course when the position is open then to view the market on continuous manner to avoid a loss but if you define your loss limit then also able to protect your self from a big loss and you will stay long time in the forex trading market.
mazba
2012-01-19, 01:53 AM
if a trader make trade only scalping then its obviously needed to watch market and open position.
but if the open position is a long time trade then no need to watch open position.
ericnyamu
2012-01-19, 10:24 AM
we donot need to get glued lto the screen also because it will strain your eyes and cause you eye problems . but when we have good money management which is a component of a good trading system then we can even leave the trade w/o worring because the price willnot blow our a/c
sarwars
2012-01-19, 07:38 PM
Right it's no need to worry about it if you have used good money management to limit your losses. So it is no need to keep on watching chart and there is very less danger of margin call so we can put stop loss and take profit and no need to monitor if we have that.
indianforex
2012-01-19, 07:56 PM
the best way is to use stop loss in every trade even you open position for a short time. I too got this experience when i did not use the stop loss for the first time and i lose all of my money in just 15 minutes. I always use stop loss
yes bro you are right.i have experienced the same thing.i lose nearly 500$ due to power failure.then i realised my mistake.from that experience i use take profit stop loss method.it prevent us from a big loss
ericnyamu
2012-01-19, 10:02 PM
there's nothing ore boring than looking at the charts 13 hours a day and watching price move . i know that what many newbies do but its just too tiring . its best to just look at your r:r and practice proper risk management and then put the trade on and ;eave the monitor
sangam
2012-01-19, 11:40 PM
yes bro you are right.i have experienced the same thing.i lose nearly 500$ due to power failure.then i realised my mistake.from that experience i use take profit stop loss method.it prevent us from a big loss
Making a 500$ loss in the trade is too much and i think that we need to make a limitation to the amounts that can be lost via trading and then only we are able to say that we are any successful or not
dragon
2012-01-20, 12:27 AM
It is no need to watch our open positions all the time to make sure that we won't get loss because profit and loss is not
thing which we should avoid. Not always we can be in front of chart so it is okay to set SL and TP to minimize losses and
reach our target profit.
kastur
2012-01-20, 01:02 PM
friend if we put stop loss value then no need to watch the market continue..
we dont know where will market move in upcoming time. we need to watch the chart at the time when we are going to open trade.but after open trade we should put stop loss or take profit accordig to our analyses or risk & reward ratio. after apply this no need to keep eyes on market.
ali1011
2012-01-21, 08:01 AM
Yes meray kehyal sy hameen apni position k bary me sahi information milti hy or hameen pta chalta hy k ham kis qisam ke galati kr rhay hen is sy haemeen feature me boaht faida hota hy is liye hamen deykhna chaye k hamri position ke movement.
hindlekar
2012-01-22, 03:22 PM
i thunk the traders who do scalping for them it is very important to watch their open positions so that they make sure that they dont suffer any loss. but for long term trading there is no need of watching our position all the time
criztaliz
2012-01-23, 01:03 AM
youre wrong,are you dont set SL?
that is a mistake,except you forget to set SL
it depends on trader,what style they are works,scalp,monitoring price is must,because they take only small ****.
if you are not have many times to monitoring price,better you choose daytrader or swing trader.
i warn you again,always set stop loss.
arihant
2012-02-04, 05:54 PM
hame jo bi trade ki hai or agar wo market main chalu hai to hame usko dekhna hi padta hai.
bina trade ko dekhe ham rah hi ni paate hai.
agar hamari trade main stop loss or take profit ni hai to hame jyda dekhna padta hai ki kahi hame bahut bada loss ni ho jaaye.
pooja
2012-02-05, 03:34 PM
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.
nilesh
2012-02-06, 06:42 PM
I had happened with me also. Now I always close my all positions before leaving my computer.
The answer of the question you are asking is depended on the traders' style of trading. If he is a long term trader then should have enough capital and smaller lot sizes to keep open positions for weeks even months and years. But for a day trader as they have small capital they should close all the positions before leaving, or if they are leaving then they should put stop limit.
I forgot to close my trade and very next day I did not get any chance to view my trade. And later when I got to my trade all my money was gone. If I had been there keeping constant eye upon the trade, perhaps I will not be broke. So what do you all do? When you have to go for any urgent jobs, would you leave the trade open?
yes many traders experienced this in their trades.if you wanna to go for any urgent jobs it is not neccessary to close that trade.you can use stop loss method at that moment.you can use even for your open position also.so stop loss is a good and useful one at that time
ali1011
2012-02-10, 07:13 PM
I also don't watch my open positions all the time, because it will create more pressure, tension, Because this is so bad for every trader it makes bad condition.
m3x_19
2012-02-18, 02:04 PM
Do we need to watch our open positions to make sure we don't go to loss.
I forgot to close my trade and very next day I did not get any chance to view my trade. And later when I got to my trade all my money was gone. If I had been there keeping constant eye upon the trade, perhaps I will not be broke. So what do you all do? When you have to go for any urgent jobs, would you leave the trade open?
If you have to leave your trades open why you not use the take profit? so when the tp was hit your trades is automatically closed in profit. And you should set a stop loss also, so if the trades is againts you then your positions would closed in minus position, but thats better than margin call.
Thakur
2012-02-18, 04:52 PM
I forgot to close my trade and very next day I did not get any chance to view my trade. And later when I got to my trade all my money was gone. If I had been there keeping constant eye upon the trade, perhaps I will not be broke. So what do you all do? When you have to go for any urgent jobs, would you leave the trade open?
If you wish to leave trade open without watching it, then use a stop loss for your trade. The same thing happen to many forex traders, and sometimes, even when they watch the trade they still lose all their money. Do not trade with big lot size and use a stop loss. This will help save account for you.
if we can not keep an eye on our trade because they have to go, then we should use the take profit and stop loss. even we should still use the TP and SL even though we are not going to leave the position of our trade. This we do to keep our trade to stay on the safe path
niteshforex
2012-02-22, 01:18 PM
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.
malik83
2012-02-22, 04:48 PM
yes i agree with that we should need to watch our open positions to avoid loss because market moving trend is change time to time and we never want that our account is going to loss.
Abdomhadi
2012-02-29, 12:26 AM
I reponce the meme we did not continue to monitor our open positions if we use the best money management because with money management there is a danger very less margin call for that we can put stop loss and take profit and not need to monitor if we have a good method and strategy.
balakalimuthu
2012-02-29, 10:06 AM
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.
Yes I agree with the point of watching open position to take immediate decision from the sudden market condition changes. So, continuous observation on the open position enables us to minimize loss from my experience. So, scalpers could not leave open position wit out attention for sure same for all the traders...
xiaotanghao
2012-02-29, 10:43 AM
No,there is no need for us to watch our open positions to make sure we don't go to loss during our trade in forex.I think it will be OK for us to leave away from the forex when we just open a position there,which we have set the STOP LOSS and Target properly.That is what I usually do in forex.
oscar
2012-02-29, 11:46 AM
we don't need to watch the open trading positions that are still floating if it has implemented a good trading plan ..
always trying to make an analysis before deciding to open a position and place the stop loss and take profit ..
we will be able to do other activities if you have done way trading as above
krishan
2012-02-29, 07:36 PM
I had happened with me also. Now I always close my all positions before leaving my computer.
The answer of the question you are asking is depended on the traders' style of trading. If he is a long term trader then should have enough capital and smaller lot sizes to keep open positions for weeks even months and years. But for a day trader as they have small capital they should close all the positions before leaving, or if they are leaving then they should put stop limit.
chirayu
2012-03-10, 04:50 PM
This is right action if you dont have time to look at market, but there is no harm if you have time to watch the prices and your trade, may be you can take action looking at market movement like increasing target or closing trade before target if you see signals that show indicate trend reversal. So it pays if you want your trades.
sachin
2012-03-11, 08:27 PM
i thunk the traders who do scalping for them it is very important to watch their open positions so that they make sure that they dont suffer any loss. but for long term trading there is no need of watching our position all the time
tajdarbet
2012-03-12, 10:35 AM
I forgot to close my trade and very next day I did not get any chance to view my trade. And later when I got to my trade all my money was gone. If I had been there keeping constant eye upon the trade, perhaps I will not be broke. So what do you all do? When you have to go for any urgent jobs, would you leave the trade open?
han han ye to lazmi ha kioun app ko pata to ha k forex ka koi aetbar nahi ha kisi wqt ye app ko full profit main le kar ja rahi hooti ha or phr achanak app dekhtey ho to app loss mai hotey ho es liye main to app ko yahi kahoun ga k app thurri thurri der bad apni open trade ko dekhtey raha karen
raka999
2012-03-12, 10:51 AM
if I had already opened the position, then I try to always watching chart. but, if forced to leave the position, try to always put the stop loss. thus, we can be more calm. in our minds, even if the loss, already know how many dollars of our money will be reduced.
patil
2012-03-14, 04:38 PM
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.
dmambi
2012-03-14, 09:39 PM
It is better if we avoid seeing the charts always after placing our orders on the market.
If we keep on staring on the charts then due to fear of loosing the position we may close the position which may in turn into a profitable one. or we may manipulate the tp and sl eventually resulting in loss.
hardworks
2012-03-14, 09:57 PM
Do we need to watch our open positions to make sure we don't go to loss.
I forgot to close my trade and very next day I did not get any chance to view my trade. And later when I got to my trade all my money was gone. If I had been there keeping constant eye upon the trade, perhaps I will not be broke. So what do you all do? When you have to go for any urgent jobs, would you leave the trade open?
The original reason for this lose is, lack of mm, analysis. If you are correct in analysis and mm, then how you got stop out. I won't watch my deals after opening, just use tp and sl if necessary. And wait with confidence and patience. If you have experience with analysis, then you may get profits soon.
Protech
2012-03-14, 10:41 PM
My opinion that, the traders whom do scalping for them it is crucial to look at their unrestricted positions to make sure they ensure that they dont suffer any loss. but also for lengthy expression trading to be able to of viewing our position all the time.
s.akhtar
2012-03-15, 01:27 AM
yes i think we should always need to watch our open position because while we use stop loss we know we have no loss for open trade but sometimes market goes down in few moments and then push up very quickly so we need to be careful about that because that time trend touch stop loss then we fall a loss so always we should to watch our open position.
ShoSho
2012-03-15, 01:31 AM
If i am not sure of my strategy and i have not set stop loss then i will keep watching it tell it go to the target but if i have good strategy with stop loss and take profit then i will not following it too many times as i am sure of my strategy.
aryan
2012-03-22, 06:32 PM
hame jo bi trade ki hai or agar wo market main chalu hai to hame usko dekhna hi padta hai.
bina trade ko dekhe ham rah hi ni paate hai.
agar hamari trade main stop loss or take profit ni hai to hame jyda dekhna padta hai ki kahi hame bahut bada loss ni ho jaaye.
joget
2012-03-22, 06:48 PM
I forgot to close my trade and very next day I did not get any chance to view my trade. And later when I got to my trade all my money was gone. If I had been there keeping constant eye upon the trade, perhaps I will not be broke. So what do you all do? When you have to go for any urgent jobs, would you leave the trade open?
use good risk management, so you have free margin is much larger than the margin that you use to open a trading position. Do not ever leave the position of floating minus before you are sure that the price movement has begun to move closer to your floating minus position, and the results of your analysis, too. or should be closed or open position hedging trade.
anchitkole
2012-03-25, 06:03 PM
No its not to watch every time to make order and watch order that they are making profits or not you just put stoploss and take profits according to analysis and turn off your computer.
ezincenter
2012-03-25, 06:12 PM
This is can be different from a trader to another we are different in our personality, so some trader can not wait hours to see the profit, but some other traders they like the tiger , they can wait and wait for hours to get the profit
I like trading in that way, one can go tomorrow or the day after I see it, but I always take into account the margin of strength to me and put up with the target TP 100pips. we also have to look long-term trend and the direction where we do not fight.
newentry
2012-03-29, 07:24 PM
if you use long term, then after make analysis, you can put your order with using stop loss and also take profit too, and you are free to go anywhere or just for sleep
but for scalper like me, i can not leave my order until i close it for profit or save my balance
swatjazz
2012-03-29, 07:34 PM
I think it is not necessary to keep myself in touch with trade all the time I never did so I look my trade only for 4-7 hours. But I believe it is necessary to close your position when you out of touch with your business for long time.
if I had already opened the position, then I try to always watching chart. but, if forced to leave the position, try to always put the stop loss. thus, we can be more calm. in our minds, even if the loss, already know how many dollars of our money will be reduced.
manibhai2012
2012-03-30, 10:04 PM
Do we need to watch our open positions to make sure we don't go to loss.
According to me I don't thin k so that we should watch our open positions to make sure that these are not going in the loss some time my open position go in loss and miss the sl by 1 or 2 pips but hit the tp that's why its better that open the position and turn your terminal off.
jmsblack18
2012-03-30, 10:25 PM
According to me I don't thin k so that we should watch our open positions to make sure that these are not going in the loss some time my open position go in loss and miss the sl by 1 or 2 pips but hit the tp that's why its better that open the position and turn your terminal off.
Why not use what metatrader 4 offers for us like trailing stop and set up trading ( stop loss and take profit). That is better than to watch all day long or only trade in get 1 or pips. Don't forget we need to pay spread so i think targeting 20 pips is closely enough.
newentry
2012-03-30, 10:43 PM
to watch the market although we do not open position for trading it is good idea then the trader will get many information and also experiences to develop their trading
and because i am a scalper then i can not leave my trading , i have to keep an eye to see the market and my order and make fast decision in the shortest time
kazol76
2012-03-30, 10:55 PM
I think if traders are good scalping sense then he will sit and watch the market position to take shortest position trade and get profit in small time. When we watch the market position long to sit in front of the platform then pairs high volatile movement can make our risk tendencies in high level in this time many traders make wrong decision in market. so carefully taking decision is necessary for reduce risk in Forex market. thanks
pravi
2012-03-30, 11:29 PM
There is no point in doing that if we have set the stop loss point. Without stop loss there is no security in leaving the trade open. Forex is always unpredictable. I have blow myself two accounts by trading without stop loss and leaving it open. Watch the trade if you are in profit and cant find a proper take profit point.
anubhavsingh
2012-03-31, 01:33 AM
There is no point in doing that if we have set the stop loss point. Without stop loss there is no security in leaving the trade open. Forex is always unpredictable. I have blow myself two accounts by trading without stop loss and leaving it open. Watch the trade if you are in profit and cant find a proper take profit point.
aapne bilkuk thik kaha.position kholne ke bad usse baar baar dekhna aur track karne se aapka bahut time waste hoga .. isse acha agar aap take profit ka use kare aur apni position ko lock karke trading kare to aapke liye zada fayda ho sakta hai kyunki deal ko lock karne se aapka profi aur loss fix ho jata hai
ezincenter
2012-03-31, 04:32 AM
This is depends on the trader itself, so if you are a trader that can control his emotions and you can control yourself even if your open position is near of your stop loss, so I advice you to stay in front of your screen.
ezincenter
2012-03-31, 04:42 AM
But if you are a trader who can not control his emotions and you can not resist yourself when your opened position is came close to your stop loss then I suggest you to keep yourself away from your screen.
ashvin
2012-03-31, 08:53 AM
no need. After we do the analysis and make decisions from the analysis. then we can left chart and submit everything on the market. We recommend that you do not like sl or tp revamp we've set, it will not train our discipline. Let the price touches the sl or tp. After that doing the evaluation.
Techno
2012-03-31, 01:27 PM
no need. After we do the analysis and make decisions from the analysis. then we can left chart and submit everything on the market. We recommend that you do not like sl or tp revamp we've set, it will not train our discipline. Let the price touches the sl or tp. After that doing the evaluation.
yes we do not have to continue to monitor the position we have in trading. because we could use a stop loss and profit-taking to determine the target range as well as risks. so we can immediately see the results of our trading, whether winning or losing.
irfan
2012-03-31, 01:43 PM
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.
mandeeprana
2012-04-03, 09:38 PM
me hamehsa apni position ko dekhta hon trading karte waqt aur uspe hamehsa nazar rakhta hon
jab screen pe nahi hota tab me mobile se apne trade pe nazar rakhta hon..mujhe bahut tension hoti hai jab mera trade open hota hai
girish
2012-04-04, 11:53 PM
i thunk the traders who do scalping for them it is very important to watch their open positions so that they make sure that they dont suffer any loss. but for long term trading there is no need of watching our position all the time
sspences88
2012-04-05, 12:01 AM
:))) mere khyal me to ye hmari bohat bhri kamzori ha or aks hm isi se loss me jate ha,hme sb se pehle to jald bazi me order place krna hi nahi chahye ,pehle ek mukamal strategy bna le phr order place ke or take profit or stop loss lga k trade ko bhul jae agr to trading strategy theek hoi to TP hit wrna stop loss hit,lekin agr hm trade ko daikhte hi rahe to aksr trader loss me jati trade ko bnd kr dete ha or maximum aisa hota ha k trade loss me bnd krne k baad jis trend me hm ne trade ki thi osi trend me market jana shru ho jati ha,means k ek koi b tuka nahi ek fix decision hona chahye,ya to stop loss hoga ya TP,is wja se mere khyal me trade ko bar bar daikhna theek nahi,:good:
samuelkanu
2012-04-05, 06:02 AM
It depends on what you are trading.Are you trading a short term system or a long term system is best defined by you.So dont trade a 5 min system and expect it to be in profit the next day
anoha
2012-04-05, 06:12 AM
Natural to leave the deal open Madame enter long-term transactions, but Madame will leave the transaction has to be put stop-loss order for me I do not leave the deal because I never work Scalping left and this will cost me a lot
barkiman
2012-04-05, 10:49 AM
Before you leave your trading make sure you are applying a good stop loss in your order. That is the only way we can protect our account from heavy loses. The market is very unpredictable...regrets always comes in the end. We should always trade with caution.
If you have a lot of time, not hurt you to always keep watching your position. because, I had the unpleasant experience of having to leave the chart. I have set TP and SL corresponding rule. but, when I opened the next day, it touches the stop loss. but that makes me wonder, in fact the position I was profit, but only about 2 points just got a take profit, the prices turn around and toward the stop loss. hufff ..
rederok2
2012-04-05, 12:26 PM
If you have a lot of time, not hurt you to always keep watching your position. because, I had the unpleasant experience of having to leave the chart. I have set TP and SL corresponding rule. but, when I opened the next day, it touches the stop loss. but that makes me wonder, in fact the position I was profit, but only about 2 points just got a take profit, the prices turn around and toward the stop loss. hufff ..
depending on what type of tradernya like my own if cahat linger long in the front will damage my psychology and I chose to make analysis and calculate all the possibilities that will happen and use the sl and tp be so exposed sl kalopun I will not regret it because it was my account and I can also perform other activities without the need to think about positions currently open
Techno
2012-04-05, 07:16 PM
That you are watching your forex trades does not mean that they would not go into losses or profits. The market has a way that it moves so it moves like that at all times.
I think we can just keep an eye on our position to see the price movement, so they can know whether to get out of the market or not. but we can also use a stop loss and profit target, so no need to always keep an eye on the position. all depends on the time we have for trading.
rahul
2012-04-06, 01:19 PM
There are some traders who go on fore about 5-10 years with single trade too. And there are some who stick with the trade just for few minutes settling for 3-5 pips. So what should we exactly need to do?
Techno
2012-04-06, 03:12 PM
It depends on what you are trading.Are you trading a short term system or a long term system is best defined by you.So dont trade a 5 min system and expect it to be in profit the next day
you're right. 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.
rederok2
2012-04-06, 11:46 PM
you're right. 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.
despite using the same system different from any trading there must be some kind of trading that long tram, or even scalper who always makes a modification of the system have been made by others to fit in with her but it would be better
sinaga
2012-04-07, 02:40 AM
maybe we need it. but as long as we are confident with the decision of a trading plan that we have made, and we've put up a stop loss and take profit, I think we do not have to look at the money we have made the trade. it can also affect our emotions.
Yes apni open positions ko dykhna bohat zaroori hai because forex trading minton ka game hota hai ager aap apni trade ko nahi dykh rahy to hosakta hai us time aap ki trade profit main ho or bad main who loss main chali jay or aap apna earn kiya howa profit kho dain.
yes many traders experienced this in their trades.if you wanna to go for any urgent jobs it is not neccessary to close that trade.you can use stop loss method at that moment.you can use even for your open position also.so stop loss is a good and useful one at that time
ritesh
2012-04-10, 10:48 PM
Right it's no need to worry about it if you have used good money management to limit your losses. So it is no need to keep on watching chart and there is very less danger of margin call so we can put stop loss and take profit and no need to monitor if we have that.
dineshji
2012-04-18, 03:38 PM
Traders who go on for 5 - 10 years for a single trade ? Are you sure you know what you are talking about. It is a huge time and no trader would do any such trade where he needs to wait for so many years for result . Think before you write something mate .
If our analysis is not good and the trade is wrong or bad and if stop loss is in place it will also close the trade automatically and we need not monitor our trades.It is only when there is no stop loss in place monitoring is required.
kutuk
2012-04-18, 07:15 PM
I forgot to close my trade and very next day I did not get any chance to view my trade. And later when I got to my trade all my money was gone. If I had been there keeping constant eye upon the trade, perhaps I will not be broke. So what do you all do? When you have to go for any urgent jobs, would you leave the trade open?
indeed for all of us have to be careful and disciplined so that we avoid such, if I'm still in the trade and open position and when I lived for a business then I put a stop loss and take profit to avoid a loss if we lose a lot of
ken arok
2012-04-18, 07:36 PM
I know it is not always easy, but with determination and resolution, a trader can make it. Hence, if one wants to trade in a way that trading will become a fun to him, his psychology for trading will matter a lot in that respect.
oscar
2012-04-18, 08:15 PM
I have made a plan for my trading and always put the stop loss and take profit for every position ..
so, I don't need to always look at my open position and can perform other activities
naziafarhan
2012-04-18, 08:28 PM
Monitoring trades are bast part of trading. cause everytime there is movements in forex. Sometimes positive and sometimes negative. But to avoid the negative movements you should monitor the trades to increase your profits.
insta1988
2012-04-18, 09:32 PM
Bohat say logon ka yeh kehna hai k humain apni position ko chor kar nahi jana chahiye agar hum watch nahi krain gye to market ka pata nahi chalta k kab trend change ho jye main yeh samajhta hon k agar app ki study analysis achay hain or app ko khud par bharosa ho k app aik achy trader hain to app apni position ko leave kar sakty hain.
han han ye to lazmi ha kioun app ko pata to ha k forex ka koi aetbar nahi ha kisi wqt ye app ko full profit main le kar ja rahi hooti ha or phr achanak app dekhtey ho to app loss mai hotey ho es liye main to app ko yahi kahoun ga k app thurri thurri der bad apni open trade ko dekhtey raha karen
sidhu
2012-04-20, 01:29 PM
I don't find a necessity of monitoring our trades always as long as we have a good MM and a stop loss . most traders lose big without using a stop loss , and many beginners tend to avoid it thinking of if the price would just bounce back from there and so . this is not a good idea if you can't watch market for long , or you wanna kill your account yurself .
sunil
2012-04-20, 02:52 PM
New traders think that this is neccassay but for a professional traders its not neccessary because at the time of entry that use stop loss and take profit just to take profit and to protect their account from bigger losses. So after applying TP and ST they confidently leave their trading terminal.
sumonmia0526
2012-04-21, 03:33 AM
I forgot to close my trade and very next day I did not get any chance to view my trade. And later when I got to my trade all my money was gone. If I had been there keeping constant eye upon the trade, perhaps I will not be broke. So what do you all do? When you have to go for any urgent jobs, would you leave the trade open?
there is a magical setting option called stop loss and take profit man .u must set the SL when u are not in front of computer ..do u think is this possible to keep on eye every second if u hold that trade for long term period?
netra
2012-04-21, 12:55 PM
ya, its important to constantly monitor the open trades and news which may affect it.
And a very important thing is to define the targets of the open trades else MC may happen as you have cited.
netra
2012-04-26, 12:38 PM
If you do not place stop loss to your trades then you do need to watch your open trades and you can not relax as well. it is always better to place stop loss and take profits to your trades and you can relax and not have to bother watching or monitoring your trades for hours .
silenteyes
2012-04-27, 12:54 AM
i don't think we should stay in front of the charts for long time to know if we are going in the right way or not
and this is the value of take profit and stop loss options
they can help us to close the deal automatically
so we don't have to watch it all the time because this will change nothing
The newbies will do it as they are not sure where the price will go and the rarely use take profit and stop loss. This is a mistake and it should be avoided as you will get emotional if keep looking at your positions.
Nabi Ahmed Gill
2012-04-29, 02:36 PM
I forgot to close my trade and very next day I did not get any chance to view my trade. And later when I got to my trade all my money was gone. If I had been there keeping constant eye upon the trade, perhaps I will not be broke. So what do you all do? When you have to go for any urgent jobs, would you leave the trade open?
main jub be apan order data hoon us sa pahala main full analysis karata hoon or main pahala market ka baraa main janta hoon us ka bad main apna order data hoon phar main profit gain karta hoon agr market mara aginst jatai ha to pahr main apna order ko colesed nahi karta hoon jub tak main profit main in aya jooon.
darksaimon
2012-04-29, 03:18 PM
if you dependent on candle joystick path then you essential virtuous analysis of the industry and also timekeeper the afford positions and if you are angelical in your psychotherapy and then put stop disadvantage and have benefit and do your work and then see after what happened with your exchange.
mahmudi
2012-04-29, 04:26 PM
honestly if I was you I would do traling stop or profit mengungci already but if not I will give profit to menimalkan a stop loss risk so when we open our terminal and the transaction is kina close in position to touch our SL will not be much to lose our money
silenteyes
2012-04-29, 04:30 PM
I am not a person who will use trailing stop and I will prefer to put stop loss in my trading. At the moment I am using only take profit and not even using stop loss in my trading and the results are amazingly great and I will be using no stop loss strategy in my future trading.
anoha
2012-04-29, 04:48 PM
Yes, I always am following the deal Mufnouhh moment by moment because Soukq Forex possible to move dozens of points in seconds, or change direction and become a profit loss suddenly must follow the open positions, but of course, deals, short term, which lasts for a few minutes or an hour for example, but the deals that last for days impossible Mtbatha
Forexboy
2012-04-29, 10:12 PM
If you have made or your operations conducted with the implementation of stop loss and take profits then YES you need to watch your trades open at all times so you do not lose and if both tools are in place, then you don 'not have to worry about anything.
lights
2012-04-30, 08:11 AM
we should regularly watch the positions so that we should not lose the money if the trend is not in good shape and if the trend is good then we should try to put stop loss and take profit to get some good relaxation.
yes, because we need to monitor our position occasionally. but should not look at charts all day, because it will only make us always want to open new positions. This is very dangerous, if we over-trading
zahidrock
2012-05-07, 12:11 AM
If you forget this then i think you need to set stop loss and take profit point. With stop loss you can easily create more secure on trading. So when you are busy on another work then stop loss is most important for your.
kamrul10
2012-05-07, 02:10 AM
yes,it is better to keep watch your position after active.but i am going to relax and before leaving i will place take profit and if possible then stop loss.then will go to relax.it is useful for our health and trading in forex.
lights
2012-05-08, 08:25 AM
yes,it is better to keep watch your position after active.but i am going to relax and before leaving i will place take profit and if possible then stop loss.then will go to relax.it is useful for our health and trading in forex.
if i do scalping, i will always keep watch my position, but when i do swing or daily trading, i will leaving it with setting the Stop loss and Target Point.
i will see the position in the night.
sasa0220
2012-05-08, 08:59 AM
if you are trading on short term time frame, may be M15/M30 H1 you may observe several trend reversals per day. So if you open your position for long time the existing trend you use to open the trad may no longer valid. Then you can loose. But if you are trading on long term trend you don't have to watch all the time. if you trade on daily chart you can depend on the trend more than few days
ermaniso2011
2012-05-08, 10:38 AM
it is better not to watch always.most of the time it will let us to cut our profit too early.the best setting is to place take profit and stoploss and just leave you position until to see the result.but we can still check it time to time.we may some times have to cancel the trade if there are clear signals of changing trend.
dragon
2012-05-08, 10:49 AM
it is better not to watch always.most of the time it will let us to cut our profit too early.the best setting is to place take profit and stoploss and just leave you position until to see the result.but we can still check it time to time.we may some times have to cancel the trade if there are clear signals of changing trend.
Each trader has different way to trade in forex, keep on watching to the chart could be good or could be bad too for traders.
It's good because we will know what should we do when there is something wrong in our trading and if condition is not same
with our analysis. But it's not good because condition in the market could affect to our psychology so we can break the rules.
So it's depending on each trader to choose keep on watching or not.
hitesh
2012-05-13, 07:11 PM
No its not to watch every time to make order and watch order that they are making profits or not you just put stoploss and take profits according to analysis and turn off your computer.
3mala
2012-05-27, 12:36 AM
Traders who go on for 5 - 10 years for a single trade ? Are you sure you know what you are talking about. It is a huge time and no trader would do any such trade where he needs to wait for so many years for result . Think before you write something mate
If you have performed or carried out your trades with placing stop loss and take profits then YES you need to watch your open trades constantly so that you do not go to loss and if both the tools are in place then you do not need to bother about anything.
If our analysis is not good and the trade is wrong or bad and if stop loss is in place it will also close the trade automatically and we need not monitor our trades.It is only when there is no stop loss in place monitorin
It's no need to worry when there is open position because there is risk management strategy to limit losses in one transaction.
I think you could use Stop Loss or hedging strategy to limit loss and to reduce losses in one transaction. But it's important to keep
on watching our open position if it was possible.
nazia
2012-05-27, 12:24 PM
Yes of course it is very important for us to see our open position when we are trading seriously in forex market because we can,t judge the market trend for long term so it is very important for us to see our open trades but we if we use stop loss facility then it is no need to see our open trades.
There is no guarantee if we keep on monitoring our open position so it will prevent losses in forex because if we made mistakes
to open position so we could only reduce the possibility of getting more losses but we couldn't avoid losses. So it's better to set
SL point to prevent big losses than we keep on monitoring to avoid losses.
Sri Hartono
2012-05-27, 02:17 PM
we leave open trading away without using a stop loss is a huge risk and a mistake that should not be done, make it a habit to use stop losses before leaving our trading monitor.
aapne bilkuk thik kaha.position kholne ke bad usse baar baar dekhna aur track karne se aapka bahut time waste hoga .. isse acha agar aap take profit ka use kare aur apni position ko lock karke trading kare to aapke liye zada fayda ho sakta hai kyunki deal ko lock karne se aapka profi aur loss fix ho jata hai
i thunk the traders who do scalping for them it is very important to watch their open positions so that they make sure that they dont suffer any loss. but for long term trading there is no need of watching our position all the time
purohit
2012-05-31, 04:22 PM
I also don't watch my open positions all the time, because it will create more pressure, tension, Because this is so bad for every trader it makes bad condition.
yes,it is better to keep watch your position after active.but i am going to relax and before leaving i will place take profit and if possible then stop loss.then will go to relax.it is useful for our health and trading in forex.
venus
2012-06-06, 08:40 AM
I also don't watch my open positions all the time, because it will create more pressure, tension, Because this is so bad for every trader it makes bad condition.
It's no need to keep on watching the market but it's better to monitor it once in each certain period of time so you will know the
movement of price and you could make better decision when the market is not good for your current condition. That's my way to
trade in forex, maybe it could be different to another traders.
Gecko
2012-06-06, 10:01 AM
At first it was too, can not leave open trade, because of fear of capital loss. It does not have to do after I was able to take advantage of Take Profit and Stop Loss. but now I do not use them .. I open and close the morning trade on entering the day, or at the time before the turn of the session. All need to abandon the habit of being open trade. But if you are a scalper, it is mandatory.
what events you are experiencing is an event I've experienced many times that the pain of loss is very painful so try not diulangin longer allowed to trade without the risk is monitored because it is better to trade at certain times so as not to experience similar.
nurivasyarifah
2012-06-06, 10:28 AM
hahahaha,,,, that's right because I also experienced it semcam
if we do not always observe the movement of the market when we have to trade then we just rely on our instincts while it was not a factor utam we succeed, we must keep looking for info on the news, a strategy that will be taken and so on so as not to repeat the painful events that
but, at least we have a special teacher is experience itself
syedraza
2012-06-06, 11:51 AM
This depends on trade. You're trading system; the system knows that better than the short term or long term. In other words, the system gains 5 minutes of trade, and we expect the next day.
100 to 1,000
2012-06-06, 12:34 PM
i think there is no need to watch our positions when they are open because there is really nothing we can do that can impact the market even if we are watching them.
so there is really no difference watching or not watching. if we already set our stop loss and take profit then we can just look once in a while like every 15 minutes or 1 hour (depending on the trading strategy that we are using).
rathod
2012-06-07, 12:08 AM
if I had already opened the position, then I try to always watching chart. but, if forced to leave the position, try to always put the stop loss. thus, we can be more calm. in our minds, even if the loss, already know how many dollars of our money will be reduced.
faria
2012-06-09, 03:12 PM
when i also dont experience in order to need or perhaps monitoring each of our trade whatsoever time period. when we all use appropriate sl & tp then we can go at any place with open trade time period. in the event you place halt damage you then by no means acquired margin call up.
boniez
2012-06-09, 03:37 PM
to me it was totally a waste of time. moreover there is no fsilitas take profit and stop loss, so we can casually leave it without having to constantly monitor it to prevent loss, anyways I think loss is a possibility and it is reasonable
reazforex
2012-06-09, 04:45 PM
We should need to watch the trade when we are doing scalping. But if we want long term profit and keep the trade for several days it is impossible to watch on our eye on the trade is impossible. In this way we can use stop loss and take profit.
ghysalgreen
2012-06-09, 05:01 PM
We should need to watch the trade when we are doing scalping. But if we want long term profit and keep the trade for several days it is impossible to watch on our eye on the trade is impossible. In this way we can use stop loss and take profit.
it's a good idea, to have a stop loss and take profit, we must be able to trade well, forex sesusah we would not imagine if we could control the money management properly, every trade that we do can surely lead to profit if we are serious in it
hello927
2012-06-09, 05:46 PM
Always use stop loss to avoid big loss. If you are gone for short time then it is good but fior longer period there is no need to monitor it because may possible next moment will be your recovery one.Put the stop loss after analysis of the market.
sripanut
2012-06-14, 11:45 AM
I think we do not always watch our open position to make sure we do not get loss. We can set our open position by using stop loss and take profit. Because forex is like my job so I can do my main job.
hemaelsisy
2012-06-14, 02:19 PM
when i enter any position i put stop loss and take profit so i don not need to watch my open position it determine what i want it best important thing to put stop loss and take profit
abdullahmuslim
2012-06-15, 10:05 AM
to me it was totally a waste of time. moreover there is no fsilitas take profit and stop loss, so we can casually leave it without having to constantly monitor it to prevent loss, anyways I think loss is a possibility and it is reasonable
sometimes you're right .. we will be very focused in listening or always look and stare only at the front of the monitor .. but all that is reasonable because we would be afraid if you have a loss that does not want
venus
2012-06-15, 12:34 PM
It's good to keep on monitoring our open position but there is nothing we could do if the analysis was wrong and the current position
is floating minus. We could only reduce the amount of losses or change strategy to take profit from our mistakes (cut and switch strategy) but don't look too long in chart because it could affect your psychology too.
xomes
2012-06-15, 01:13 PM
It's good to keep on monitoring our open position but there is nothing we could do if the analysis was wrong and the current position
is floating minus. We could only reduce the amount of losses or change strategy to take profit from our mistakes (cut and switch strategy) but don't look too long in chart because it could affect your psychology too.
Well when it comes to fundamental analysis i can handle it myself. Where i usually have problems are the issues of technical analysis. This is because it seems more complicated
Gurufx
2012-06-15, 01:38 PM
Some people say it is easy to earn from Forex and always rely of it. Remember that trading is an extremely hard way to make a living. It is not a ‘job’ in the strict sense of the word but it is a profession and unless you put yourself in a position to succeed by treating it as a business, you are going to find out the hard way how physically, psychologically and economically taxing it can be.
Greed is a very bad think for traders. You can be the best one for choosing you orders entry, but the greed will always be bad and we must need to be finish the greed from our trading life and always be patience during trading.If you want avoid the loss then try to to control greed.If you cant control greed then just used small lot size so that the risk is manageable and wont cost much in case you will suffer loses with your trades.
brutu
2012-06-15, 03:30 PM
long time that we feel the need to monitor our trading as MM and have a stop-loss is not good as usual. Most traders will lose big without the use of stop-loss, a lot of beginners, there is a tendency to avoid it, please consider whether there is a price to recover from such that
nobby
2012-06-15, 06:00 PM
Sometimes we need to watch our trades and also watch the market too for any new developments. Using stop loss is good but when you are aware that the trade can turn very bad, it is always better to close it and you can only do that when you are watching the trade.
dharampal
2012-06-15, 06:32 PM
i dont think every time you should on your pc to watch what happening in market better use stop loss or take profit tools for getting profit.most of time on pc its very difficult to every one.people always use stop loss and take profit and due to these special tools they earn profit and away from big loss.
boniez
2012-06-15, 07:02 PM
I think a huge waste of time if you have always looked chart, because maybe we could just do something else that is much more profitable, such as we are active in this forum
Nusrat
2012-06-15, 07:07 PM
If it is possible then trader should see this but many times we cannot do it for this reason we can use stop loss and take profit then we can close the platform and i think trader is not necessary to see the trade all time because that time stop loss and take profit will the account.
didikebenaran
2012-06-15, 07:25 PM
If it is possible then trader should see this but many times we cannot do it for this reason we can use stop loss and take profit then we can close the platform and i think trader is not necessary to see the trade all time because that time stop loss and take profit will the account.
If you are not able to see how you perform your trades open then I think it is better to close our trade with a stop loss so that the installation would be better in the trade do not have to worry
Anuruddha
2012-06-15, 07:54 PM
It is important to be aware of market movements in forex trading. In order to be aware trader should more often visit to trading account and identify the possible threats. For that more consistent monitoring will be adequate rather than more constant.
raka999
2012-06-15, 09:13 PM
for the day trader, saw the position is a liability. because the targets are set is not large, so it's very risky if you do not always keep an eye on. for me, always in control, you can anticipate when an emergency occurs. you can prepare a strategy to anticipate quickly.
kiran
2012-06-18, 01:12 PM
Traders who go on for 5 - 10 years for a single trade ? Are you sure you know what you are talking about. It is a huge time and no trader would do any such trade where he needs to wait for so many years for result . Think before you write something mate .
Yes, I always am following the deal Mufnouhh moment by moment because Soukq Forex possible to move dozens of points in seconds, or change direction and become a profit loss suddenly must follow the open positions, but of course, deals, short term, which lasts for a few minutes or an hour for example, but the deals that last for days impossible Mtbatha
ayakcalysta
2012-06-25, 12:27 PM
i usually do not watch the market for the whole day. instead of that i use stop loss and take profit. i keep watching the market for couple of hours after the opening position. then i identify the direction of trend and put TP and SL levels. this is the bast way to secure our accounts.
thanks for the strategy that you provided, I am a novice trader feels that the strategy that you provide is very useful for the novice trader, especially for me. therefore I hope you and the senior trader would give a better strategy so that I and the novice trader can get a valuable lesson for me to apply in the forex business.
taufiqbd
2012-06-28, 10:15 AM
I think you take big risk other wise it is not possible to loss you total balance just a single trade. I suggest you again you learn forex properly then start trading with big capital but take low risk then you long time stay in the market.
ahsankhan
2012-06-28, 10:39 AM
I forgot to close my trade and very next day I did not get any chance to view my trade. And later when I got to my trade all my money was gone. If I had been there keeping constant eye upon the trade, perhaps I will not be broke. So what do you all do? When you have to go for any urgent jobs, would you leave the trade open?
kafi trader jo hai woh kam sa kam 5 say 10 saal say single trade karaha hain aur woh some who stick with the trade just a few minutes settling for 3 say 5 pips tak.
Skyboys007
2012-06-28, 11:10 AM
I forgot to close my trade and very next day I did not get any chance to view my trade. And later when I got to my trade all my money was gone. If I had been there keeping constant eye upon the trade, perhaps I will not be broke. So what do you all do? When you have to go for any urgent jobs, would you leave the trade open?
You need to have a crystal clear view.You need to descide where you are to open your trae?What is your profit target?Then according to analysis set SL and TP.Then why you nee to always set infront of your computer.Give it run on the way.If it hit TP then you are right otherwise something wrong.try to correction it in nxt trade.
melisa
2012-06-28, 02:32 PM
it would be better if we activate the stop loss and take profit if we want to leave the trade, either for temporary or day. with a good money management there is very less danger of margin call. we can't do anything if the position starts going into loss except to cut loss so its better to analys again our open position.
never give up good but must be balanced with the evaluation of what went wrong when we are trading the lead MC. so my concern is that money management and our predictions, when it comes to luck factor is just occasionally we get.
sgiant
2012-06-29, 03:30 PM
One strategy to regulate emotional is to leave the trade in an open state. but be sure to set TP and SL. Do not be too long looking at charts when it entered the market.
you can do the searching with google if you want to learn about the analysis of the site later when I mentioned my fears on that site promotion I guess the middle ground so its just searching .
didikebenaran
2012-07-03, 07:15 PM
One strategy to regulate emotional is to leave the trade in an open state. but be sure to set TP and SL. Do not be too long looking at charts when it entered the market.
I suppose it will be very important for us to do this trade to be a part that can make you get a good analysis in your trading so that it will make you will get your trade to be successful and this will make good decisions
andrian
2012-07-03, 08:19 PM
right, a good decision it is necessary, you can be successful in forex if you believe your way in the world of forex is there, I also believe I can succeed in forex because I feel I have a path in this field, I will never give up, I will continue to strive to be consistent
Ashok01
2012-07-03, 08:27 PM
most of senior trader replied the answer that we should use stop loss.but it is better to close the trade yourself.I have experienced that with stop loss and take profit both same time it hits stop loss than take profit 99times in 100 attempt.
challenger ab
2012-07-03, 08:41 PM
most of senior trader replied the answer that we should use stop loss.but it is better to close the trade yourself.I have experienced that with stop loss and take profit both same time it hits stop loss than take profit 99times in 100 attempt.
i think follow your trading is very important to us because left it to the market very danger and make you worry about it and think more but if you put it on your eye you will know if it give you profit or need some supporting to make it profit .the bad thing to let your trade alone without stop loss
william88
2012-07-03, 09:10 PM
i ever experienced that kind of experience before..
i had margin call,because i havent set the stop loss,and keep it open,and floating..after that experience,i always set my stop loss..to keep it safe..
boitali06
2012-07-03, 09:11 PM
Yes definitely we should monitor our turn positions to avoid the chances of viable losses. We don't pair the emerging and we never wanna silty in forex. That's why we pauperization to somebody our eyes on the market interpret.
antosco
2012-07-03, 09:29 PM
As a good trader, we must have a trading plan and our trading plan must involve our stop loss level and take profit level. After we have done our analysis, we just have to place our stop loss level and our take profit level and that is it we would be good to attend to any other urgent meetings without having to watch our trade.
amero
2012-07-09, 10:51 AM
Not necessary to any dealer that does Bantapah open position from time to time ..
As long as the merchant has analyzed the market and entry areas are good and strong and has identified is to take profit and also ordered the stop-loss is not is important to follow up on the deal but leaves it better to be up to one of the goals so as not to affect it emotions of fear if the price reflected some of the points on the deal ..
sadam
2012-07-09, 10:51 AM
As a good trader, we must have a trading plan and our trading plan must involve our stop loss level and take profit level. After we have done our analysis, we just have to place our stop loss level and our take profit level and that is it we would be good to attend to any other urgent meetings without having to watch our trade.
I strongly agree with your trading plan will always remind us when trading because traders have a trading plan will tend to trade in accordance with the trading plan he had made.
vijai21
2012-07-09, 10:53 AM
if we use stop loss and trailing stop then we can go anywhere at open trade time.i think it is not necessary to watch monitor all day.every trader should use trading tools effectively to avoid such kind of situation.
computers
2012-07-09, 01:35 PM
it is better not to watch always.most of the time it will let us to cut our profit too early.the best setting is to place take profit and stoploss and just leave you position until to see the result.but we can still check it time to time.we may some times have to cancel the trade if there are clear signals of changing trend.
jahangir2812
2012-07-10, 11:44 PM
Properly when we've got any critical operate being completed their better to make use of the halt decline and also consider benefit in our deal in order that all of us don't get pennyless in the event the current market will go in opposition to each of our course and this i truly do when 'm away from the critical.
Arara
2012-07-11, 12:36 AM
Initially it too, can't leave a trade open, for fear of losing capital. That's what not to do after I was able to take advantage of the Take Profit and Stop Loss. But now I can't use it. I opened and closed the morning trade entered on the day, or at the time of the session before turning. All have to forgo a trade open. But if you pander, mandatory.
khanam liza
2012-07-11, 12:43 AM
hay friends i;m a newbie of forex and i don't know how can stop loss. is there have any option to watch our position . If have then plz share me.
nabila
2012-07-11, 12:52 AM
I don't label a necessity of monitoring our trades always as yearn as we make a unspoiled MM and a stop disadvantage . most traders worsen big without using a preclude decease , and umteen beginners tend to avoid it cerebration of if the soprano would honorable ricochet rear from there and so . this is not a beneficent longish , or you wanna termination your record yurself
jerryandika
2012-07-11, 06:21 AM
Asian market is low volatile. It's not the right session to trade with. I prefer to trade in Europe and American session....It gives more chance to gain pips but if we got wrong analysis, we could get worst things coz the range is bigger than Asian Session.
oktaria
2012-07-11, 06:43 AM
very true, maybe that should be on the look in SL to see the placement of daily movement that may occur, so it can be calculated according to the placement of the SL and prices are turned back after SL touched
In my judgment the traders who do scalping for them it is real significant to rite their exterior positions so that they straighten certain that they dont hurt any loss. but for perennial period trading there is no require of watching our opinion all the time
jahangir2812
2012-07-11, 09:23 AM
It does not take most detrimental process of traders that they can prefer to observe the particular trades. They could, t avoid charts immediately after positioning trades and in this manner that they open lucrative trades really first and negative trades in deep losses. It can be a lot batter for you to depart the particular charts and allow b our own industry made a decision and close this immediately after hitting tp as well as sl.
sgiant
2012-07-11, 01:22 PM
I think we do not have to wait for positions currently open. that needs to do is install the TP and SL. if waiting will damage trading strategies that have been executed.
dragon
2012-07-11, 02:06 PM
It's no need to keep on watching the chart everytime to monitor current condition of market but it is better to set SL and TP
so our transaction won't give us losses too much if we couldn't take a look the condition in the market. And about monitoring
the condition, it can be done once each hour to update current condition of market.
place
2012-07-11, 02:17 PM
of-course we need to keep watching our positions after active.because if you want to become a professions trader then need to understand about market movements and that will come from monitoring.
shohel molla
2012-07-12, 09:06 PM
Forget is very bad habit.If you forget maximum time -hereupon you can set stop loss for safe your account.Otherwise you loss your account next time.You can also set your Take profit for close your trade with profit.Thanks brother for share your post.
nurivasyarifah
2012-07-12, 09:57 PM
of-course we need to keep watching our positions after active.because if you want to become a professions trader then need to understand about market movements and that will come from monitoring.
yuppz, we need to observe the movement before we get into the market,,, even this week I had a tough time due to lack of market movement can be observed floating until it finally hit me lose all my capital,, hufftt chaotic
halwaniptba
2012-07-12, 10:20 PM
I believe that if we strong in ours analysis then there is no need to watchs the positions and just enter the stop-loss and take profit and then leave the trades but if you are not strong in your analysis then it is better to see the positions really !!
victorforex
2012-07-13, 12:33 AM
I forgot to close my trade and very next day I did not get any chance to view my trade. And later when I got to my trade all my money was gone. If I had been there keeping constant eye upon the trade, perhaps I will not be broke. So what do you all do? When you have to go for any urgent jobs, would you leave the trade open?
If we watch position, watching not able to stop position from go to losing side. Is analysis of market that tell us if position will go with loss or not. If watching then will be to close trade when feel like and not stop market from going in loss because we not control the market.
waqtitrader
2012-07-13, 10:02 AM
I forgot to close my trade and very next day I did not get any chance to view my trade. And later when I got to my trade all my money was gone. If I had been there keeping constant eye upon the trade, perhaps I will not be broke. So what do you all do? When you have to go for any urgent jobs, would you leave the trade open?
han aesa kai dafa hota ha kioun k mugh ko pata ha k main forex trading main kai dafa loss main ja chuka houn es liye main to posirttion open karney k badd bhi es ko dekhta rehta houn es liye main to thurre thurre time k bad es ko chack karta houn
william88
2012-07-13, 12:39 PM
I think it is just depends on our trading system..if we already set our stop loss and take profit..then no need to watch the market..
Because looking at the chart 24 hours is very tiring.
cozard007
2012-07-16, 09:30 PM
If you sit there, you will only creat a more emotion in trading, the better way to get the best intrading the financila market is to set all the parameter after carefully analyzing the market, this will help a great deal.
leherchand
2012-07-18, 01:08 PM
it is better not to watch always.most of the time it will let us to cut our profit too early.the best setting is to place take profit and stoploss and just leave you position until to see the result.but we can still check it time to time.we may some times have to cancel the trade if there are clear signals of changing trend.
sgiant
2012-07-18, 02:27 PM
Open conditions should not be monitored, with confidence and accurate analysis, you can plug the TP and SL. After that you can leave your trading.
Sun-Moon
2012-07-18, 02:33 PM
There are some things to consider for monitoring our open trade. 'Which type of trader you are'' You have to know first. If you are a scalper, their is no chance to leave the PC when a trade is opened until close. If you are day trader, You should aware of news. For this reason, You have to monitor your trade well. But if you are swing trader, you can give enough time for your trade. I mean you can out from PC. You don't need to monitor your trade always.
bablu7832
2012-07-18, 02:39 PM
I do not use to watch market continuously,it only gives me tension.I do so only when I have nothing to do.But, normally I place my orders with take profit and stop loss settings and leave it.After finishing my other works I watch the monitor and I accept whether it is a profit or loss.
devvi
2012-07-18, 02:47 PM
There are some things to consider for monitoring our open trade. 'Which type of trader you are'' You have to know first. If you are a scalper, their is no chance to leave the PC when a trade is opened until close. If you are day trader, You should aware of news. For this reason, You have to monitor your trade well. But if you are swing trader, you can give enough time for your trade. I mean you can out from PC. You don't need to monitor your trade always.
if we have enough time then we will get results in accordance with the target and we will get the ease of work should never be afraid to try and always the spirit of
gandha
2012-07-18, 04:28 PM
if you scalper type i think yes,because scalper just take small take profit and make order more than once,but if you longterm type i thing its no proble just setting your take profit and stoplose,after that check your result of your order,green or red:)))
followme
2012-07-18, 05:21 PM
You can keep your eye on the ongoing trade to check the profit or loss and can close the trade as your wish...
But if you want to keep your trade running and if you get an urgent job to face then I will suggest you to set the TP and SL options before starting any trade...
It will help you not to loose after a certain point...
rofeq
2012-07-18, 06:14 PM
:woo:the first step for the trader and the second step is to make the practice on the demo account after it they must need to try to make some good control of the emotion that they have
with serious learning in a demo account will make us more able in the real trading account even though not real, but we should be, trained to control emotions well we can do it in real
abdulahi
2012-07-18, 06:20 PM
to me i think someone need to watch our open positions wash your are make your analyzes well my most trade is pending order so wash i do my analyzes well i place entry order my take profit in right place and stop loss
promy
2012-07-18, 07:33 PM
I think we need to watch our open positions to make sure we don't go to loss. It is one of the way to gain the success in the forex trading business.
sadam
2012-07-18, 08:10 PM
I think we need to watch our open positions to make sure we don't go to loss. It is one of the way to gain the success in the forex trading business.
to make sure irder position if our analysis is really good, and make sure we are going away from the loss. and this means we are very important to trade with caution because of trading if not careful and do kesalahn seidikit will definitely be bad.
dragon
2012-07-18, 09:07 PM
If I made wrong analysis, it will be useless although I watched my open position so it's better to set SL to limit losses.
But if it's possible to cut loss so it's good to cut it loss. It's easier using stop loss than cut it loss manually. Keep on watching
won't change anything except if you found better condition to do averaging or martiangle.
ronin
2012-07-18, 09:31 PM
although I'm not in the affairs of importance, I will leave that position is still open, because if it continues to be in front of my monitor will only be sloppy. for that I always use a take profit to keep my profit. so next time you put take profit and stop losses before you leave the chart.
dmambi
2012-07-18, 09:57 PM
In Forex trading one can set the take profit and stop loss settings and still walk away from the trading terminal to do other works and later returned to the terminal to check the result at any time. This makes sure that the amount of profit and loss is fixed no matter how the market moves. so people should make use of the tools available effectively to make the trading comfortable.
leherchand
2012-07-19, 01:34 PM
If it is possible then trader should see this but many times we cannot do it for this reason we can use stop loss and take profit then we can close the platform and i think trader is not necessary to see the trade all time because that time stop loss and take profit will the account.
diebeni
2012-07-19, 02:13 PM
When I bored and nothing to do than I like to watch my open positions. So if I am in profit I close immediately the prositions but if I lost its worse to watch my money so away.
If it is possible then trader should see this but many times we cannot do it for this reason we can use stop loss and take profit then we can close the platform and i think trader is not necessary to see the trade all time because that time stop loss and take profit will the account.
I don't know for other trader's opinion because every trader could be different in psychology. As my knowledges, if we kept
on watching current open position so it will be bad for our emotion and it's possible for us to make decision which is not
necessary to take. So I prefer to watch open position in every 1-2 hours.
dalaxapola
2012-07-19, 02:31 PM
I believe that if we have already put the stop-loss and take profit on the forex markets so we do not need to watch its agains, because we are already being safes when we are alrady put the stop-loss and takes profit, so i advice the traders to use the stop-loss and take-profit when they are trading really !
nigar
2012-07-19, 02:44 PM
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darkrider
2012-07-19, 04:18 PM
Sometimes it helps to understand if market is going on your way or on sudden change of fundamental but again it backfires.
devvi
2012-07-19, 06:52 PM
I cogitate if we fresh in our analysis then there is no necessity to timekeeper the positions and meet follow the ending failure and necessitate profit and then change the trades but if you are not substantial in your analysis then it is amend to see the positions.
whatever we do we should take note because this could be a reference to our work with begii we will be able to monitor how the movement or the performance of our business is
---------- Post added at 01:22 PM ---------- Previous post was at 01:19 PM ----------
Sometimes it helps to understand if market is going on your way or on sudden change of fundamental but again it backfires.
if we want our performance bisamemantau we must continue to monitor the movement because the begiti before backfire for us we have to know how the movement
kingfoxy812
2012-07-19, 08:26 PM
u dont need to watch your trade always when u place a good trade
katol
2012-07-19, 09:05 PM
I often leave my trade remains open even in more than one day. I never felt worried because I always use the take profit and stop loss so that my money is not lost of all if I'm wrong predictions.
I forgot to close my trade and very next day I did not get any chance to view my trade. And later when I got to my trade all my money was gone. If I had been there keeping constant eye upon the trade, perhaps I will not be broke. So what do you all do? When you have to go for any urgent jobs, would you leave the trade open?
Yes I prefer to keep my position even if the stop loss and take profit are very important and I think each of his method to the trader
leherchand
2012-07-20, 10:33 PM
I am a novice trader feels that the strategy that you provide is very useful for the novice trader, especially for me. therefore I hope you and the senior trader would give a better strategy so that I and the novice trader can get a valuable lesson for me to apply in the forex business.
dragon
2012-07-25, 10:37 AM
Trader needs to monitor his open position but it's no need to keep on watching floating position all the time because it can
affect to his psychology and it's possible to make wrong decision because the pressure. If there is trading plan, risk management
strategy to limit loss, so it's no need to keep on watching the floating condition too long.
Yes, traders should watch their open position to see whether their trades are going to the loss or profit.If you are in a loss, you should use stop loss if you have not set it.If your trade is ina profit, you should close it and open another trade.Thus you should observe market and take decision.You should be careful about your opened trade
trader_jambi
2012-07-25, 01:14 PM
stop loss is very important to limit your trading losses. but there are also traders who do not use stop loss but using a cut losses to limit any losses. but often traders caught in a dilemma cut loss. want to close the existing loss but still expects prices to rise again but the end that there is a prolonged lose.
Sri Hartono
2012-07-25, 02:23 PM
as long as we can still monitor the monitor, stop loss can also manually we use, the important thing here we have to know when the price moves not in accordance with our initial analysis, we need to know to which extent the resilience of our pips.
I forgot to close my trade and very next day I did not get any chance to view my trade. And later when I got to my trade all my money was gone. If I had been there keeping constant eye upon the trade, perhaps I will not be broke. So what do you all do? When you have to go for any urgent jobs, would you leave the trade open?
hi, i don't think so every time you should saty on your pc to watch what happening in market better use stop loss or take profit tools for getting profit.most of time on pc its very difficult to every one.people always use stop loss and take profit and due to these special tools they earn profit and away from big loss. Think you
sadam
2012-07-25, 03:14 PM
hi, i don't think so every time you should saty on your pc to watch what happening in market better use stop loss or take profit tools for getting profit.most of time on pc its very difficult to every one.people always use stop loss and take profit and due to these special tools they earn profit and away from big loss. Think you
if we do not want to always keep an eye on our trade unions could use the facilities and SL if you ask me to trade does not need to be complicated because it is very simple to do that is important in my opinion we should have a good trading skill.
susanto
2012-07-25, 03:17 PM
as long as we can still monitor the monitor, stop loss can also manually we use, the important thing here we have to know when the price moves not in accordance with our initial analysis, we need to know to which extent the resilience of our pips.
although trending market position, our indicator work in accordance with our analysis but we still have to know the last price fx because many factors affect the price of which speculators and traders sentiment that we do not expect
as long as we can still monitor the monitor, stop loss can also manually we use, the important thing here we have to know when the price moves not in accordance with our initial analysis, we need to know to which extent the resilience of our pips.
I think it's bad idea to set Stop Loss manually, it's better to set it and then if it's needed then it's possible to cut loss manually.
But in the first time, there must be stop loss point to limit losses if there is sudden movement which we didn't predict it in the
first time of analysis. It won't bring trader to suffer big lost or Margin Call.
yogesh
2012-07-25, 06:37 PM
I think it is not mandatory to watch your positions and it would be fine if you set right stop loss and target, this depend on your right analyse, if you arenot sure it is better to keep an eye. Yes if you trade like scalpers you need to be active and watch your positions.
nonprado
2012-07-28, 09:20 PM
ya as i am a newbie i don't have that much experiance to give advice . mai manta hu ki humai always open position dekhna padaiga kyu ki forex mai bahut jaldi trend change hojata hai aur pata bhi nahi chalta . as i have observed ki hamesha open position pai nazar rakhni chahiye
There are some traders who go on about 5-10 years before the trade as one. And there are those who stick with the trade for just a few minutes of settling for 3-5 pips. So what do we need to do exactly?
mcceducation
2012-07-28, 09:44 PM
I forgot to close my trade and very next day I did not get any chance to view my trade. And later when I got to my trade all my money was gone. If I had been there keeping constant eye upon the trade, perhaps I will not be broke. So what do you all do? When you have to go for any urgent jobs, would you leave the trade open?
its depends on the you, so if you are a trader that can control his emotions and you can control yourself even if your open position is near of your stop loss, so I advice you to stay in front of your screen. i hope its will give you good result.
sathivai
2012-07-31, 10:53 PM
hello friend u think if you use stop los and take profit option then noeed to check your open trade evey time
fxquest
2012-08-01, 12:01 AM
Watching our trades is a good idea as then we can take right action if needed and can save our account from being losses, even if my trades are in losses i trade some time to bring down the losses and succeed in doing so often.
insta trader
2012-08-01, 03:56 AM
I forgot to close my trade and very next day I did not get any chance to view my trade. And later when I got to my trade all my money was gone. If I had been there keeping constant eye upon the trade, perhaps I will not be broke. So what do you all do? When you have to go for any urgent jobs, would you leave the trade open?
I don't find a necessity of monitoring our trades always as long as we have a good MM and a stop loss . most traders lose big without using a stop loss , and many beginners tend to avoid it thinking of if the price would just bounce back from there and so . this is not a good idea if you can't watch market for long , or you wanna kill your account yurself .
trader must be able to pay attention to the position they have in trading, and if we can avoid even greater losses, in the position we have, then we should be able to perform appropriate actions in the transaction ..
iTradeFx4life
2012-08-11, 12:14 PM
aesa nae hota aur ye lazmi bhi nae hay kay aesa ho. aap ko trading may jaisay jaisay experience aata jata hay waisay waisay aap aik achay trader bantay jaatay hain. iss liay ye stop loss ka use kerna safety kay liay bhohot lazmi hay.
truegoa
2012-08-11, 05:56 PM
hello friend u think if you use stop los and take profit option then noeed to check your open trade evey time
Absolutely right! We can just set our stop and our target then we can go somewhere to do another enjoyable activities. Better if we just use
our other time to do something else to help us have less tension mind and mood. Do never bother your selves to starring at your screen
everytimes or else you will be much stressful.
m520i
2012-08-11, 07:20 PM
It is why people using stop loss and take profit order. With these two option, you don't need to watch out your position all day and you can do other things, such as analyze other pairs of currency.
yea I think so that if we can not see the clear picutre of the market then we should see the positions so that the market should not come back and we should not lose the money if the market is not so well.
garrysidhu
2012-08-13, 11:12 PM
It is why people using stop loss and take profit order. With these two option, you don't need to watch out your position all day and you can do other things, such as analyze other pairs of currency.
yes aane ekdum sahi suggestion btaea he ,agar hmm apna position nahi dekh sakte to hmme uske bcha ke lie pehle se hi stop lose and take profit use karna chahie ta ke hmm ek galti ke sath apna sara profit lose na kar bethe
sammy
2012-08-13, 11:15 PM
well buddy that is why the things like stop loss or trailing stop were invented. i mean, always put a stop in your position, always, however small your volume may be. i have seen that it saves you from further and bigger losses
dimpal
2012-08-14, 12:32 AM
I forgot to close my trade and very next day I did not get any chance to view my trade. And later when I got to my trade all my money was gone. If I had been there keeping constant eye upon the trade, perhaps I will not be broke. So what do you all do? When you have to go for any urgent jobs, would you leave the trade open?
Agar aapko ksi zaroori kaam say jaana ho to hamesh aap apnae trade pay stop loss laga kae rakhain taaki agar loss bi hota hay to thora hi hota hay na ki poora account blow hoga. mayrae hisaab sae yeh behtar hay
abbey ak
2012-08-14, 06:46 AM
well as for me i don't really think its necessary to watch over your open trade in other to avoid emotional trading but the best way to avoid the trading is to make use of stop lose and take profit with these i think we are very much okay trading without emotion thats what i really think in my understanding on the forex trading
dareking
2012-08-14, 02:38 PM
It is why people using stop loss and take profit order. With these two option, you don't need to watch out your position all day and you can do other things, such as analyze other pairs of currency.
Haan aapne sahi kaha bhai, agar hum take profit aur stop loss ka use karte hai, to hume ye jaruri nahi hota hai, ki hum market ko watch karte rahe, lekin bhai loss cheez hi aisi hai, jab tak humara order chal raha hai, to hum jitni marzi koshish karle, hum apna order baar baar dekhte rahte hai.:D
wending
2012-08-14, 04:12 PM
There is no need for you to watch our open positions to make sure we don't go to loss.First,you should analysis the trend yourself.Then you can make the trade with a stop loss and target at the same time.When you have more 20 pips profit,you can set the stop loss at the postion where you make the trade,which can help you protect your profit.
isbhacker
2012-08-14, 04:25 PM
Yes if we are not so sure about the trade and if an event or news is going to happen in future then we should monitor our trades to ensure rte trade is good so far.
milon
2012-08-14, 07:38 PM
It is better practice to open a position and set stop loss must. it means you will lose a fixed amount of money of market goes wrong. moreover, anyone can limit the take profit range and it will be sold on that point. I always trade with stop loss to prevent my account from a big losses.
sweetrevenge88
2012-08-15, 10:10 AM
Watching your position does help because you will be aware of any slight changes of the movements of the market,by being vigilant you will be able to act the right way during critical moments of your trading.
iTradeFx4life
2012-08-18, 10:57 AM
There is no need for you to watch our open positions to make sure we don't go to loss.First,you should analysis the trend yourself.Then you can make the trade with a stop loss and target at the same time.When you have more 20 pips profit,you can set the stop loss at the postion where you make the trade,which can help you protect your profit.
I agree with you, we must implement a set and forget strategy so that we should not get into emotions when we see our trades. And also its not possible for every trader to keep watching his trades.
facebook
2012-08-19, 07:17 PM
Traders who go on for 5 - 10 years for a single trade ? Are you sure you know what you are talking about. It is a huge time and no trader would do any such trade where he needs to wait for so many years for result . Think before you write something mate
nitshar
2012-08-19, 07:43 PM
I forgot to close my trade and very next day I did not get any chance to view my trade. And later when I got to my trade all my money was gone. If I had been there keeping constant eye upon the trade, perhaps I will not be broke. So what do you all do? When you have to go for any urgent jobs, would you leave the trade open?
Well, there is no need to watch your trade at a constant watch if you are trading with good money management. As in your case, I can definitely say you must have left an order which your account couldn't bear with 100 pips, only in this case your account is prone to wiping out within a day as the price moves about a 100 pips on a daily basis. I myself, only use a 0.01 lot if I have $100 in my account. But if I have to go out for two or three days without an access to mt4, I better close my open trades.
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