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

[aladdensima]

When it was discovered that the entry of the deal was a mistake in this case enter adversely contract and closed the trade multiplier Losers after compensation teams without spreads and this image be corrected directional and compensated for my loss

[sujarwo]

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

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

How about you?
Very nice action you are doing, I think it is also called hammer strategy. If for me, I will always use a stop loss to reduce losses I will suffer. So when we are going to install the open position, I already know how many will benefit and how many will suffer losses. What about your opinion?

[sharifhasan]

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

difficult for the newbie trader like me to make an entry in the right position. this is usually due to impatience in the trade. in fact rarely because of doubt and nervousness so quickly closed position. so fast that the funds in the trading account is reduced.

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

How about you?

Well,But If I open a wrong trades.early will be close.some lose but I think I not big lose.also I trade per volume low.

[shourove1212]

If i opened a wrong position trade going to against my capital then close immediately in that position but if i have a handsome amount of capital then i will trade that pair for long term trade and wait for recover. it was already happened to me when i was newbie in Forex and i trade that time for long time and recover also. it depend on your strategy and situation.
I think that we have to learn how good we work in a timely manner, which makes us that we can make profit easily and must possess a successful business strategy makes us we can achieve success easily

[rabbi89]

floating minus, but if not then I immediately opened a new position in the opposite direction to the previous position.

How about you? good like forex forum indian

[kalponick]

there are some traders who like to close their trade if they find out that they executed a wrong trade and their trade will go against them... this is why I always do my homework before opening any trade.. like analyze it properly, finding my best stop-loss and take profit target etc.. and I dont like to modify my trades after I execute it.. I let it run till the end..

[Rak]

If we open a trade position and after that immediately we come to know that we have opened a wrong position we should immediately close that position with the small loss that would be there at that point, otherwise it will become very big loss afterwards

[fxcot]

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

[malik]

Aksar esa hota hay kay aap wrong direction main position open kar laty hain lakin asee positions ko lowest loss par hi close kar dena chahiye aur next opportunity ka wait kar chahiye. Jo traders big lots kay saath trade karty hain wo asee positions ko close naheen kar paty wo wo margin call tak wait karty hain.

[FREEDOM]

Sometime after i entered the order, price moves against me directly but i am not curious and fear because i have stop lost setup and i will let it going till hit my stop lost or take profit value. It is not take immediately decision after we made an order.

[hashaam]

difficult for the newbie trader like me to make an entry in the right position. this is usually due to impatience in the trade. in fact rarely because of doubt and nervousness so quickly closed position. so fast that the funds in the trading account is reduced.

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

How about you?

yar ager to me ne ghalti se koi position open ker li hai or me ab is me mjhe pta hai k ghalti ker chuka hoon to me us positon ko ager to bari lot algai hai to jald az jald close ker loonga ku k apko thori he der me profit se loss or loss se profit b ho jata hai...

[budis]

first if I'm wrong position let alone expect prices to return to normal but my attitude like that one better cut loss now than to have to stay in a state minus op

[hend]

I think it was a very good decision to cut losses. because after all there is always that we have to accept losses in every trade. Do not get us wrong when we have to take a position in a silent and wait hoping prices will turn around. because it would be a greater loss to me. and a lot of margin call caused by it in this forex trading. because it is the courage to make decisions that are important.

[munna khan]

i always maintain a system. I give a trade when i get confirmation from my analysis. I always put stop loss and take profit at the beginning of my trade.

[ishvara]

Well normally, a forex trader does not really know when they have opened a wrong trade in forex, it is based on prediction so at the end of our trade, we will see the results and then know whether our decision was right or wrong.

[rashedul]

I ever proven to field. I e'er put a determine gain and forestall release at the point of business. with bagitu, symmetrical tho' the price moves against the state, the amount in accordance with that we put sl. This is the probability of forex. we should be able to react it.

[SeoHyun]

Thats Ok, as long as we use take profits and stop loss, that will be no matter for my trading account, the most important is we have to use good and tight money management to manage our risks in our trading :)

[Youssef-k]

You can't know if you were right immediately after opening a position, you should give it some time to see whether it will move against you or move as you expected, then if you're sure that the market is going against you and that there's no chance for it to move back to the right way, it's better to close your position early to limit your loss.

[bhagawanta]

yup,thats the best think to do,if thecmovement is the opposite of our order..we should trades not against the trend because the risk is bigger and its can be a danger for our accounts..so,we must do analize better before we enter the market to minimize the risk and to maximize the result!!goodluck guys!!

[iyan50]

if you don't have to experience you can start today on the basis of your knowledge and start getting experience with the passage of time. Don't give up and keep working hard, you can be on top of your work.

[shuvo50]

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

yes friend, it done some time by mistake. but if i do it then i close it soon or must be set a stop loss immediately. because if trend in opposite side then it can create loss huge. so better is close it by low loss.

[munna khan]

I always put a take profit and stop loss at the beginning of trade. with bagitu, even though the price moves against the position, the loss in accordance with that we put sl. This is the risk of forex.

[S A Sani]

Yes, But I think when I make an order after that when I feel that the order was wrong that time I close the trade instantly before having a big loss. I think it is a good factor but if you think you will stay more time to hit the trade in profit that time you will be more big looser. so in that cases close the trade immediately.

[wulandari]

Thats Ok, as long as we use take profits and stop loss, that will be no matter for my trading account, the most important is we have to use good and tight money management to manage our risks in our trading :)

i agree with you, tight money management hold important role in our trading, its makes your account more safe and less risk, thats why before you try to achieve profit, please understand about money management

[brightandromeda]

My first experience in learning forex course I would be very panicked, when I sudha a few times and finally I got to cope calmly, how the use of risk management. The point should be able to calculate the point suport and Resistance.

[ronykhan20306]

If you expect this mistake really eats your profits in long run then it should be canceled at it's lowest cost. If it gives profits in long run then there is no harm in keeping this mistake.

[asmakhatun]

i reckon that sometimes it happens that due to the mesothelioma of forex trading, we module exterior a misguided attitude ...so it is the top way to have that dispersion death and fill that berth....because if we have it unsealed, then it can be evidenced more dodgy and can act us to relinquish a lot of money.....

[mmm2013]

I think we have in this case that we stop trading so that we can identify the right direction so that we can do successful trading profit, which brings us easily

[Habib Mondol]

इसके कि व्यापार तुरंत बंद क्योंकि इसके बेहतर यह अन्य बुद्धिमान पर बंद करने के लिए अगर हम इसे रखने की तुलना में हो सकता है यह नुकसान हमारी उम्मीद से अधिक लाने के लिए बेहतर है. मैं हमेशा अपने व्यापार बंद जब मुझे पता है कि मैं प्रवेश के बारे में एक गलत निर्णय करते हैं क्योंकि कि रिहाई मेरे tentiona एन डी के लिए नए सिरे से व्यापार को खोलने के लिए एक और मौका प्रदान.

[kashif9760]

dear friend i would like to say about this topic i think that sometimes it happens that due to the pressure of forex trading, we will open a wrong position ...so it is the best way to accept that spread loss and close that position.and i am also agree with your opinion and i think according to this example maximum is 3 open position trade. so, by closing that wrong entry trade is very useful to be able to immediately start trading again.

[hotrahim]

However you may be surprised to hear that it is a by no means uncommon situation in Britain today, as there are far more victims of wrong cosmetic surgery than you might have thought possible. In fact it is estimated that in the UK alone, over 75,000 cosmetic surgery procedures are carried out every year. Given this very high number of operations,

[forexmaster]

मेरे जैसे नौसिखिया व्यापारी के लिए सही स्थिति में एक प्रविष्टि बनाने के लिए मुश्किल है. यह आम तौर पर व्यापार में अधीरता की वजह से है. शक और घबराहट इतनी जल्दी बंद की स्थिति की वजह से शायद ही कभी वास्तव में. इतनी जल्दी है कि ट्रेडिंग खाते में धनराशि कम है. जब मुझे पता चला कि मैं सिर्फ गलत स्थिति प्रविष्टि खोला था तो मैं तुरंत उच्च समय सीमा और संभावना मार्जिन है कि मैं इसे कवर करने के लिए एक नज़र रखना? अगर पर्याप्त है, तो मैं अस्थायी ऋण चलो, लेकिन अगर नहीं है, तो मैं तुरंत पिछले स्थिति विपरीत दिशा में एक नई स्थिति खोला.

[WDholic]

All traders could make wrong analysis so they will open position in wrong direction, if we have realized that we opened position
in wrong decision, we can choose risk management strategy to limit losses. If you're still confident if movement of price could move
as your analysis few more pips, then you can let it running and close it when the losses is lower. But you must have limit to close it,
and also you can use hedging to lock position and unlock it later when there is better condition.

[getrich1985]

If i know that i just open a wrong position i will close this position to avoid loss, although i know that i will lost some money for spread but it is safe. You should do that, we must have a good strategy to trade here.

[s.saha]

my error in my analysis be detected after opening a position then i will close it immediately. there is no meaning to keep open a trade which is gonna be in loss. most of the newbies don't close their loss trade hoping that it will be in profit within some time. they keep holding it, though they know it is an wrong position. but due to lack of enough back up pips they become forced to close it with big loss or their account just blew.

[xoazhar1]

I always tried to discipline. I always put a take profit and stop loss at the beginning of trade. with bagitu, even though the price moves against the position, the loss in accordance with that we put sl. This is the risk of forex. we should be able to accept it.

[wulandari]

I always tried to discipline. I always put a take profit and stop loss at the beginning of trade. with bagitu, even though the price moves against the position, the loss in accordance with that we put sl. This is the risk of forex. we should be able to accept it.

thats a good practice, if you keep dicipline like that in your trade, then profit will follow you, i believe about that, but if you againts your rules, then someday you will get margin call, sooner or later

[hend]

when in my trade, I opened the wrong position, it will not make me panic. because in my trade, I always use SL to limit my losses. because I realized it was definitely time for us to be wrong in predicting price movements, so it's going to make us lose. Therefore I am sure that might limit the losses I find, so I do not lose too much, and can survive well in forex trading.

[sracer86]

I had to face this situation for several times when I was practicing in demo account and that time I made my mind what I will do in real trading.When I face the situation in real trading,I instantly see the chart and try to understand whether the price may become good or bad for me.If good I keep waiting for better movement,but if I understand that the price is going to my opposite direction continuously I instantly close the position and save my trade from greater loss.

[ahmedelsanhoury]

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

[ndunk81]

My first step when it was knowing that I chose the wrong position is immediately closed position and the open position again in the direction of the market ..
Usually it's often my experience when there is a trend of the market is concerned, so as to make chart changed dramatically. But in normal conditions, I usually just wait for the price to change back in the direction that I want ..

[runu]

i reckon that sometimes it happens that due to the pressure of forex trading, we testament unobstructed a deplorable opinion ...so it is the primo way to abide that circulate diminution and fill that business....because if we sustenance it open, then it can be evidenced many severe and can excrete us to coarse alot of money............

[bdsazzad]

After taking entry if i see that i have taken a wrong decision then at firstly i will close the trade immediately with small loss because i think it is the better option for me and i have done also this type of work.

[dareking]

i think that sometimes it happens that due to the pressure of forex trading, we will open a wrong position ...so it is the best way to accept that spread loss and close that position....because if we keep it open, then it can be proved more dangerous and can make us to loose alot of money.....

yes sometimes happen with me, jab main kafi jayda pressure mein hota hoon, to main aksar wrong position open kar deta hoon, aur ye mera pressure tabhi aata hai, jab main ek sath 2 strategy use karta hoon, ek mein signal agar buy hai, to dusre mein sell hota hai.:D

[Jack_lee]

i think that sometimes it happens that due to the pressure of forex trading,always put a take profit and stop loss at the beginning of trade...to make sure if profit your Tp will closed..and if loss of your prediction you not MC..

[pooshpa]

main bhi yahi kerta ho kio k kafi time ap is main ghalt trade kerty ho then ap ko is main stress nahi hona chahea kio k forex main asa hota hy but ap ko is time stop loss ko use kerna chahe akio k ager ap ko los hoa bhi then ap ko is main kam loss ho ga

[manav14386]

jab mujhe lagta hai mere se wrong entry hogaye mai tou wapis wait karta hoon uss trade ko ussi position par aane ka with stop loss..ye pata hona mushkil hota hai ki aapne jo trade open ki hai wo thik hai ya nahi..

[sundorali0000]

Wrong position of entry is not good for business,when i will know it is wrong,i will try come back my aria,its a great problem for maintenance trade business,so i avoid wrong position of entry.

[alecander]

all traders may create wrong analysis therefore they're going to open position in wrong direction, if we've realized that we both opened position
in wrong call, we are able to select risk management strategy to firmly limit losses. if youre still confident if movement of price may move
as your analysis few a lot of pips, then you'll be able to ignore it running and shut it in the event the losses is lower. even so you should have limit to firmly shut it,
in addition to you can make use of hedging to firmly lock position and unlock it later when there's higher condition.

[bhagawanta]

If my equity is strong enough to handle the floating minus i will let my positions,and use martiangle strategy to fight.. but if my equity is weak i will closed my positions,because it will dangerous to my account,it will be a great loss or maybe causing a margin call...the point is our money management!!good luck!

[lowbatt]

I think that when the trader open wrong position by mistake they should quickly close the trade as it can go more negative in future so you should quickly get rid of that. The wrong positions usually make trader to loss all their money and feel dishearted.

[subrahmanyam]

yes brother it is right to think if we enter in wrong position in Forex trading we close the lot to avoid the huge loss it is better to close the lot we don't know the feature market exactly,so we will hold in patience

[xomes]

i think that sometimes it happens that due to the pressure of forex trading,always put a take profit and stop loss at the beginning of trade...to make sure if profit your Tp will closed..and if loss of your prediction you not MC..
We need more learn, I think for learning 1 year is enough but you require a lot of time to make experiments of your skills and for few years you still remain in the learning phase when you are trading with various strategies and tools. So 2 to 3 years period gives you good experience.

[yudijoni]

some common risk management applied trader is:
1. averaging
Taking the same position after a few points wrong position.
2. Locking / Hedging
Taking the opposite position if something goes wrong position.
3. Double Cover
Taking the position of 2-fold from the first position.
4. cut Lost
Traders took the position x 1 lot sell EUR / USD at 1.4550 level, but the price rose to 1.4600, and trader x to cut lost to minimize losses by analytical prices will continue to rise.
5. Cut and Reverse
6. Cut and Double Lot
:respect:

[pmomaw]

Mybe it can be done butt it is the reason we can not analyze the market with concentration and out the orders on the wrong sides then it will be the so hard for us and we can not do any thing to got profite butt we can saved ours accounts from the margins calls and we should be closed ours entry on the smaller lossing !!!

[waleedb]

of course this is also happened to me at the beginning many times , i tried to solve this problem by putting a stop loss to my trade , i think it has a great advantage to me as it put a limit to my loss .

mujhy samjh ni a rahi is k bary me ap help kardo

[foggies]

i just open hedging system or cut loss the order with immediately, and i do not want to hold floating minus too big, and we know that wit using edging then i have the chance to convert the loses with winning or profit, but need ability for it

[azizil]

I did the transaction, by looking at the trend in the time frame, after that I saw a small time frame, if there is a correction in the price of a small time frame, I am waiting for the price correction occurs, then I make a deal after that

[want2brich]

There are a lot os mistake that trader do when they join this market, so when we open a wrong position we should close this position immediately, although we can lost some money with it but it is safe to do that.

[Rak]

Geneally it happens when ever we think price will ove in one direction and we take a position by chance market starts moving in opposite direction so we get confused what to do. what we do either we can close the position but that is not a good decision so best is that open a new position in opposite direction with this wqe can be safe of more loss and margin is also saved.

[delowar]

Allow phonetic typingAlpha Bring your loss will reduce the lot size. But we do not normally ultata. Labhasaha day at the Los want. But the lasera pallai is heavy.

[delowar]

when I know that just opened the wrong position of entry then offcourse I close the trade. otherways my loss maybe big amount.

[marymirella]

some common risk management applied trader is:
1. averaging
Taking the same position after a few points wrong position.
2. Locking / Hedging
Taking the opposite position if something goes wrong position.
3. Double Cover
Taking the position of 2-fold from the first position.
4. cut Lost
Traders took the position x 1 lot sell EUR / USD at 1.4550 level, but the price rose to 1.4600, and trader x to cut lost to minimize losses by analytical prices will continue to rise.
5. Cut and Reverse
6. Cut and Double Lot
:respect:

Great list, but I think very few of the traders uses all of them in such a way that it should be used by every trader. Choosing wich is the best solution from the 6 is depend on the situation, and the trader's knowledge, experience. If the trader has been trading for at least 5-6 years, it is much easier to make the decision.

[rahulkmv]

i think that sometimes it happens that due to the pressure of forex trading, we will open a wrong position ...so it is the best way to accept that spread loss and close that position....because if we keep it open, then it can be proved more dangerous and can make us to loose alot of money.....

There will be lot of forex trading software available within the internet. Some is going to be for free offering perhaps less features as well as there will be some that will be not free but gives you a lot of features that you can access at your convenience. They feature free trials as well. So don't rush your decision, just ensure that you simply test the program and find the perfect forex software trading tool you.

[Hardwork]

I always put a take profit and stop loss at the beginning of trade. with bagitu, even though the price moves against the position .but while the question is we are beginner so we need to close our trade immediately when we know our trade open wrong position entry .

[vetra]

I will soon to close the position ... because if not then I will get a lot of loss ... in trade, profit is the main focus ... many people say to immediately close losses and let your profits run as much as possible ... and I believe the way it can make you get a lot of profit .... I would not expect the market will follow the will of us, we just have to follow their the market ...

[Zeko]

just stick to your stop loss, don't close it quickly nor set it without stop loss, you may win it.
even though don't do that again and make sure to open the position after studying all the cases and probabilities of profit and loss.

if you opened a position wrongly I don't think that you are sure , if you are sure it is wrong go and close it . but if you are not sure just leave to the take profit or the stop loss

[lg_pkl]

I'll let him wait until minus can be reduced and then I will close it quickly so I could avoid a defeat that could be even greater in my account, after that then I will open more positions to be very careful

[dareking]

jab hum kabhi jaldi mein trading laga dete hai, to hum baad mein ye baat jante hai, ki humne jo kiya ek dum jaldi mein kiya hai, aur iske karan hi humari trading negative jane lag jati hai, stop loss tool ka use karna jaruri hota hai.

[drpt51083]

if you sure this is a wrong position then you should stop it quickly to prevent more loses then you should be careful next time you enter a new trade better to wait and slowdown your trades until you gain more experience on it

[dan.blanchot]

difficult for the newbie trader like me to make an entry in the right position. this is usually due to impatience in the trade. in fact rarely because of doubt and nervousness so quickly closed position. so fast that the funds in the trading account is reduced.

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

How about you?


What you have stated above is a common mistake done by many traders where we usually forgotten our trading rules due to our impatience in waiting for a valid entry signal. I believe and I know from my experiences that it's dangerous to just let the wrong entry running and ****ually gain more negative floating when we can safely just close the wrong entry position and wait for real and valid entry signal. We are not a market maker, so we should always trade accordingly with market trend.

[dareking]

Wrong position agar open ho jaye, to trading mein stop loss tool hota hai, jisko use karna chahiye, to hum apni analysis ke anusar agar trading karte hai, to loss hone par sirf utna hi loss hota hai, jitna hum loss ko jhel sakte hai.

[muddassir]

मैं हमेशा ही अनुशासन को करने की कोशिश की. मैं हमेशा एक ले लाभ डाल दिया है और व्यापार की शुरुआत में नुकसान को रोकने के. bagitu साथ, भले ही कीमत स्थिति के अनुसार नुकसान के साथ कि हम sl डाल के खिलाफ चालें. यह विदेशी मुद्रा के जोखिम है. हम इसे स्वीकार करने के लिए सक्षम होना चाहिए.

[abubakar123]

if we opened the wrong position of entry so we must closed it to avoid some big loss and if we don't close it will be very dangerous for us and we are under a big loss so we should avoid to open it.

[newjobatlast]

if we opened the wrong position of entry so we must closed it to avoid some big loss and if we don't close it will be very dangerous for us and we are under a big loss so we should avoid to open it.

Well, most times i don't close it, before i open a position, i already believe in that direction but if i discover that i made the wrong option, i either trying to open a new position supporting the new trend until it gets to support or resistant, then i re-enter or close both.

[mazinstafx]

If i have opened a wrong entry and the moment i comes to know about it that i have opened a wrong position and I can suffer huge loss then I would close that trade without thinking twice before i would be in a huge loss.

[retnotriwulandari]

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

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

How about you?
I'm also still a beginner in forex business and I often make mistakes in determining the price point for the open position, but so far I'd always use a stop loss and take profit in every position I have open, and therefore I very rarely do cut loss in my trading. In this case I will immediately analyze what I have done so in the future I do not make the same mistake.

[princeua]

Yes, I have signed such mistakes is to engage in the sale, for example, even though I wanted to purchase, and so lost money because of these minor mistakes this reason, due to the lack of focus during the trading .

[damado]

we should be excellent sports many spirit in forex tradings. like we if we open the trade and the market moved against us then we should close the trade and should bear the loss. if we open the trade with analysis then we should wait for the better opportunities to return back of the trade.

[tahazzat]

Sometime it happened. When I conformed that I opened a wrong tread as soon as possible I closed the tread and try to analysis properly.

[naziakhan]

Wrong position agar open ho jaye, to trading mein stop loss tool hota hai, jisko use karna chahiye, to hum apni analysis ke anusar agar trading karte hai, to loss hone par sirf utna hi loss hota hai, jitna hum loss ko jhel sakte hai.

i think if you opened wrong trade by mistake then you must close it because if you do not close it and you think that i will close it when it will come in profit then you can face heavy loss .so we should not take this risk .:good:

[anasistyan]

Then, when you do, you know, that just opened in the wrong position about accessibility?

It's hard to have a novice trader similar to the implementation of accessibility in the correct position. as a result of increased. � Stress on the agreement. The truth is that I almost never doubt and, as well as stress and anxiety so quickly to close the position. so fast, which make money by buying and selling can be reduced.

When I found out, that opened just accessibility to create false place and then I immediately find increased roster plus girth that I cover it? due to abundant, and then turn on your cell phone, but even then immediately opens a new location in the opposite direction in the last post.

[finagold]

Then, when you do, you know, that just opened in the wrong position about accessibility?

It's hard to have a novice trader similar to the implementation of accessibility in the correct position. as a result of increased. � Stress on the agreement. The truth is that I almost never doubt and, as well as stress and anxiety so quickly to close the position. so fast, which make money by buying and selling can be reduced.

When I found out, that opened just accessibility to create false place and then I immediately find increased roster plus girth that I cover it? due to abundant, and then turn on your cell phone, but even then immediately opens a new location in the opposite direction in the last post.but I often fail to use cut and switch technique. closing the wrong position, then open a new position .. it requires a proper analysis. because it could be, just do a little price correction, then apparently reversed course and in accordance with the position we are first...

[mediafxx]

but I often fail to use cut and switch technique. closing the wrong position, then open a new position .. it requires a proper analysis. because it could be, just do a little price correction, then apparently reversed course and in accordance with the position we are first...

Forex trader training and movement analysis in the analysis of the market trying to forex traders, depending on market conditions to trade profitably and in the analysis, to analyze that more profitable

[rk225325]

I suppose it would cut loss is very important for us all to get better trading and will be able to make us avoid a bigger loss, but if you are able to have a better analysis you can use hedging to lock the transaction and in certain circumstances can unlock.

[Jack]

When i opened wrong trade or by mistake i entered in wrong direction, i will see the closing opportunity for that trade and after got it in trading i will close my trade. Actually, Forex trader should not wait for more time by wrong trade open and try to close it immediately.

[minoa]

Forex trader training and movement analysis in the analysis of the market trying to forex traders, depending on market conditions to trade profitably and in the analysis, to analyze that more profitable
I will put Sl on my position., analyze in forex one of key to success in trading but i have make it and it works..so the trader make take it positive and not to emotional..coz market never let u gain profit but u will gain them..

[DANISH]

when i know about me that i am going to wrong position then i will try to use stop loss and save my money and bonus which i earn or invest.

[rk225325]

when you think that you have opened the trade in the opposite direction then you can wait for sometime on that trade and whatever profit you get within few minutes get book it and close the trade immediately. and if you dont think that you get profit from that trade then close it instantly.

I'm gonna do when I already know that I am one of the possible trade I will trade by cutting losses on these thresholded so that way we will have a trade that would make us be better in the existing trade.

[lalbai]

I'll let him wait until minus can be reduced and then I will close it quickly so I could avoid a defeat that could be even greater in my account, after that then I will open more positions to be very careful...thank you.

[anjan1987]

All traders could create deplorable psychotherapy so they leave agape job in wrongheaded route, if we bonk realized that we opened stance
in deplorable selection, we can determine essay management strategy to confine losses. If you're allay assured if motion of value could displace
as your analysis few writer pips, then you can let it gushing and unventilated it when the losses is inferior. But you moldiness love bound to in communicative it,
and also you can use evasion to bosom situation and unlock it later when there is alter precondition.

[RKL]

if I know I have done wrong entry, then I will cutloss, because most likely, loss will be growing, but it is sometimes hard to accept by some traders, because they just want the profit on each transaction only when the position we are wrong, maybe I will melakuka cutloss, then open another position in accordance with the direction of the market at that time, I have experienced great loss and margin call, because I did not dare cutloss enlarged, and finally my margin call within 2 days, but I get it with 40 days profit , for traders! do not be afraid to cut loss!

[advance]

if i know that i open a worng position then first i will try to close at the same price at i open.
the second way is is just close the position and will open the right position. we can loss money with wrong trade so we close that.

[owaiskhan]

If i opened a wrong position trade going to against my capital then close immediately in that position but if i have a handsome amount of capital then i will trade that pair for long term trade and wait for recover it was already happened to me when i was newbie in forex and i trade that time for long time and recover also it depend on your strategy and situation.

[msm]

If I can understand that I open the position in wrong then I will close the trade immediately because I have to minimize the losses and if I wait to come the trade in certain level then I need to keep good capital to wait long time.

[Riskideki]

Forex is a risky business, we must be disciplined in this business, we must use risk management as well. when we open trading positions, we must put a stop loss or take profit. and if we are unsure if we are in the wrong position then please do not hesitate to use cut loss

[11janjua11]

खोला जा रहा हूं तो मेरी राजधानी फिर बंद मजदूर गलत स्थिति में तुरंत स ९ िस्थति है तो मैं अच् छा खासा पूंजी, तब मैं दीर्घकालिक व्यापार और व्यापार के लिए जोड़ा गया वसूली में newbie कीसंरचना पहले हुआ था और जब मैं अपने को उस समय मैं व्यापार भी यह राशि वसूल करने और लंबे समय तक स्थिति और कार्यनीति पर निर्भर है।

[namis]

That is mean you are the impatience trader. All trader must be confident about trade decision they make whether it's buy or sell. Because to impatience only because see your trade floating minus will kill your account immediately .If i in that condition, i will wait my trade until they floating minus around 15 percent then open the hedging position with double lot.

[fxmoney]

It is better to close the trade with some amount of profit otherwise you have to pay more loss for that trade. so try to be confident while you open the trade in the forex market so that you will not do such mistakes and be profitable at all the time.

[bexelet]

The forex trading only within a short time of my research I have not perfected the trade is not a one-time professional business and trade, there is a tendency entry also.but question is when we are fresher so we need to stop immediately when we trade our products incorrect entries in the open space.

[ken arok]

if my analysis is wrong, then I will get a loss, I always place a stop loss order to limit losses. I believe the stop loss will secure your account. I have to control your emotions so as not to be greedy and revenge, so do not get huge loss

[biplop]

I think it comes down to the fact frequently as a result of the pressure on the exchange, most of us ... we were in the wrong position Ls began to spread wide open burning is an easy way to know what you have lost. This is, in fact, relates to the possibility of foreign exchange trading. Many of us, in order to identify elements.

[junaid1]

main koshish kerta hu k jald se jald main us podition ko close ker du aur saat hi main us k opposite position bhi open ker leta hu ta k mujhay loss zyada na ho sakay aur agr jaldi close ker du to loss recover bhi ho sekay ...

[joy1111]

I sometimes think that the Forex market is due to remain in print, we turned in the wrong direction ... this is to recognize the mass loss and the best way to close this position .... if you open it to see the Forex . We should be able to pick it up

[kang portal]

take more analysis and make prediction how long it will got floating negative
if thats not to long from bouncing line i will make averaging position
but if it to long better i cut it loss
and make new position
but if i'm on good condition i will make hedging strategy
good luck :kiss2:

[junaid1]

ye bohat hi crucial stage hoti hai aur kuch samjh nahi a rahi hoti k kya kia jay isi liye main mostly hedg start ker seta hu aur phir loss wai trade close ker deta hu ta k loss kam se kam ho aur profit k chances bhi ho ...

[haney]

do not let it run too long, we need to make a decision, right decision in a short time before too late, we can close the order or we can set hedging, this is the best thing we can do then we just accept floating minus too big, and i guess, hedging is good too, we can take the same risk with stop loss, cut loss but we still have chances to fix it
and so, we have to think about it with be careful, before make order and make sure that we are on the right track

[shaonhossen]

Actually when i know that then i am closing the position after seeing the market position. Then i decided what should i do.

[ObaFX]

whenever you feel you have opened the wrong trade then first try to reevaluate your chart to be sure your position is wrong then close it immediately after confirmation that it is indeed wrong to place that trade at that time.

[Sumit]

if open the wrong trade at any point then i will open the another trade at the same point which caeed as hedging and wilkl wait for the proper time to close one of the trade and will carry the other trade for profit

[vallen]

difficult for the newbie trader like me to make an entry in the right position. this is usually due to impatience in the trade. in fact rarely because of doubt and nervousness so quickly closed position. so fast that the funds in the trading account is reduced.

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

How about you?

I will do a re-analysis so that I could know if the price will be turned away or not
if we've got that price then we can use a final decision by closing and opening a new position to be in one direction to the movement of the actual market

[zesun12]

Better to shut that company instantly because its better to change it to the other feeling, if we keep it than you can use decrease over our objectives. Always near to my company, when you understand that the incorrect option, because as releasing my tension and provides the likelihood to begin the company.

[hend]

I think, however, as traders we must always be ready with all the possibilities, including the possibility when we have suffered a loss. Therefore, when did we realize that we have the wrong or contrary to market movements, we have to take the decision to cut losses, so it would not make a very big loss for us. and it will also provide an opportunity for us to trade with a better future.

[mejba01]

I think where should you entry to the market must be fixed according to the market trend. use moving average indicators to get more reliable result about the right entry point.

[sind]

There are occations where a trade position is opened due to error. Generally i look to exit the earliest opportune moment which is also the best solution. Sometimes a hedge trade is entered to compensate the adverse movements and recover the losses.

[ken arok]

I think where should you entry to the market must be fixed according to the market trend. use moving average indicators to get more reliable result about the right entry point.

I know of an open position and my analysis was wrong, after a stop loss. so after market entry, I will leave the position to hit stop loss or take profit. I hope that often gets take profit. and can produce consistent profits, so that I can perform regular withdrawal

[umam1881]

position of one's entry is wrong ? ? i feel if i did the entry position then a entry is in the analysis that results within the valid signal. if entry points i create loss then entry happens to be the entry i'd been wrong and can soon be doing actions that a viable answer. i. e. cut loss or will the opposite direction. text entry or im doing locking in hopes the price can flip that several of us are running within the forex business then you can expect as being able to firmly management your emotions and wait and see in analyzing the market therefore that several of us will profit within the forex business

[VERO]

when I learned just opened the wrong position so I did not hesitate to immediately do cut loss, and open a new position which I consider appropriate analysis is correct. we must do it as a form of discipline against a trading plan that we have made, and we should not wait too long in making a decision.

[midle]

if I make a mistake in the open position, I will cut lose and look for opportunities to open new positions
but any open positions did sya always use SL, so before I was able to open the position to calculate the risk

[alam847]

In my opinion, I think the first thing we should do is correct the mistake and so at times when we know that the trade we opened was unintended or unwise we should correct the mistake by closing it. Thanks

[eng.adham]

when i know that i opened a wrong position , i will close it immediately to avoid getting more and more losses . so we have to be flexible during our trading in this market and not to insist on our orders .

[hadidbd1]

If we cover branded with the intention of current condition was unethical in direction so it's better to close it as soon as likely to prevent larger
Losses but if we didn't quite clearly if current condition was unethical in direction but we are not clearly if the condition will be better too
So it's better to get ready expose management strategy.

[Discordance]

i think if you doesnt have stable system then you very nervous while trading cause of you too early too close your lose i think when you lost you can wait it till the minimum of your lost so you can minimize your lost

[to_be_number_one]

Definately i will close the order if i feel i made a wrong decision to avoid a heavy lose and it is unnecessary to risk the money without confident to make a profit. Thats why we should not too hurry for opening an order.

[amni570]

For putting a trade i am very care full but when ever i put a wrong trade then i will leave it and put the result at my luck. and see what happned. but i never stop the trade any way.

[shoibal90]

Which i experimented with to help discipline. Which i fit the consider revenue preventing burning in the beginning connected with industry. having bagitu, although the purchase price actions against the position, the loss relative to we fit sl. This can be a threat connected with forex. we should be able to accept the item.

[rebel]

I always put a take profit and stop loss at the beginning of trade. with bagitu, even though the price moves against the position, the loss in accordance with that we put sl. This is the risk of forex. we should be able to accept it. it better immediately close the open position if you know wrong entry

[Gatu]

there are so many ways people will have to know where and when everything is working for these market. knowledge it the key in trading in these market and people will always have to know all these in making everything know how to do it.

[hopanais]

The first task to do in such situation is to get rid of those mistakes by closing those trades at least loss if you see strength in that opposite move you can open the new trades in that direction and thus cover up those losses and make newer profits

[jatayufx]

i think if you doesnt have stable system then you very nervous while trading cause of you too early too close your lose i think when you lost you can wait it till the minimum of your lost so you can minimize your lost

Analysis in order not to lose the advantage required the use of knowledge systems forex trading analysis trading system requires knowledge of forex trading and make a profit with the analysis of movement and the right financial planning appropriate risk management

[hend]

The first task to do in such situation is to get rid of those mistakes by closing those trades at least loss if you see strength in that opposite move you can open the new trades in that direction and thus cover up those losses and make newer profits

yeah right, very right decision when we took the decision to cover losses. because after the trade, there is always the possibility that we would be wrong to make decisions and will certainly be a loss. It is therefore important for us to take the right decision, even though it might be a disadvantage for us. with the right decision, it will make us not lose too much.

[alfa3]

In the first time I trade in real account I also ever take a wrong position, and not only one times, its about five times, maybe because of I still not confidence, I cut these position as fast as I can, I dont want to loss because wrong position...

[bhagawanta]

I often makes the wrong position in my trading,but i ussualy let it flows,because i believe and sure with my analysis and i always set my stop loss and take profit to avoid a big losses..and thank god the loss percentage is lower than my profit..so i keep up to use my own strategies and believe with my ability!!

[4exer]

difficult for the newbie trader like me to make an entry in the right position. this is usually due to impatience in the trade. in fact rarely because of doubt and nervousness so quickly closed position. so fast that the funds in the trading account is reduced.

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

How about you?

Same happens with every new trader I guess. It happened with me too. Later I realize the importance of SL and that way I dont have to worry about wrong entry because my loss is limited.

[champy]

i always open the trades when i have the good analysis so that i should not miss the opportunity to not lose the money. when i open the position in wrong side then i have to wait for some time then cancel the trades.

[peyekiwak]

I just close my position when I feel it goes agaist my position, but after closing in loss and when I see that it goes at that point where I set stop loss then I became so much disappointed then, I think it needs more experience and knowlege to know the direction of trade.

yup, i also do the same, but in this case i will look at my first analyst if there are maybe still under 20 pips, i will wait untill it touch my SL that i have set. but if i am not sure, i closed it manual.

[nohush]

What will you do when you know that just opened the wrong position of entry?
I think this is a fun question...because when I know that just opened the wrong position of entry I will close the position and further analysis of the market or the better way is to shutdown and not trading

[taikhoan2525]

I think that when I know that just opened the wrong position of entry, The first thing I would do is close the position and return to the analysis to be able to make I will not ever hold the position that it is wrong to avoid loss for big

[tamaprat]

I was wrong when I was doing direct entry did close because if entry is greater then the loss will hurt a lot. so should immediately disconnect or you will lose a lot. but it could also lock Garga by opening a lot bigger than before.

[sofeenevu]

There are two things that you can do. Either close the order immediately or enter another order to lock the previous order like hedging. Although second one is quite tough to unlock the situation.

[chdani]

mene hamesha market ko thik say analyze kar kay trade open ki lakin sometime wrong bhi ho jata hai. phir main thore spread wait karta hon takay equal ho jaye lakin juhi muje lagta hai market against hone lagi hai phir hosla kar kay is trade ko loss main close kar dayta hon i think big loss say behter hai thora loss bardasht kar le.

[mustafain]

good thread dear when i feel that then i am see it on some time if in my account the amount is good then i am see it until the loss is decrease and if capital is less in account then i am stop it at the same time.

[ahmedreda]

you must take your time to training on your demo account that will be good for any new trader .training for along time will be good way to build professional trader . i love this way of learning.

[radean]

for me It's my job to come to a decision to place your bring gain and stop nice loss at the start with commerce. by using bagitu, even though the quantity steps with the posture, losing in agreement thereupon him and that i conceive to place Sendero Luminoso. it's a likelihood with foreign currency. the general public can admit them.

[tapuu]

Yeah it is right that many people enter in the worng position in forex. But when they realized that time they have way to change it. That time i think they should keep patient and they should observe the market. By obeserving the market they can find the way of making profit.

[konyeng]

i wait till the first reversal and then i cut lost because i think holding lost position in long time is not good you can lost big and earn profit short it is not normal of winning rate ratio and you should changes it

[naija]

Opening wrong positions is usually a normal trend among traders, even professionals. That is why we must try to be sure before taking a buy or sell decisions. When you open a wrong trade, close it or better still apply stop loss. Sometimes, you mistake might turn out to be the right thing.

[tereliyefx]

you must take your time to training on your demo account that will be good for any new trader .training for along time will be good way to build professional trader . i love this way of learning.

learning trade need and must know trading plan about all knowledge trading strategy in real trade, and learning in demo account that will easyly use all trading system in trading must be and discipline trading plan the biggest mistake is make fail in greedy and bad strategy

[tomingse]

i just hold on my position and some time i make more entry same as entry i do before. i just know that i had a wrong position entry only if my entry closed by the broker (its mean i don't have margin rest)...:(

[hend]

I will look at the condition of the capital markets and resilience me. when it shows the market conditions will turn the trend, then I'll wait for the price will reverse. but if that market conditions have shown a strong trend, then I would think to cover my position, Meksipun a loss, but it's better than having to wait and it will be greater losses.

[damado]

i can say that we should not open the position in the market if we do not know the good analysis and if we do not understand the trend and if we open the trade after some proof then we should wait to see the good way of tradings in the market next time with good analysis.

[Bnuty686]

plainly sense I'm inappropriate on view location one thing I did was put in SL to be able to safeguarded the bill, We not often straight in close proximity the positioning as i sense 1 start location.

---------- Post added at 01:08 AM ---------- Previous post was at 01:06 AM ----------

I just in close proximity my situation as i sense that will go next to my situation, nevertheless right after shutting down in burning when We note that that will go when this occurs wherever We collection end burning i evolved into so much frustrated subsequently, I'm sure it needs additional expertise along with knowledge to recognise the particular course associated with industry.

[aopen583]

maybe we know where we are in the wrong state when the market moves against our position, and it is necessary that our reaction when we decided to cutloss or to hold floatin, we can concentrate in various ways such as hedging or locking so that we can keep ekuitinya account

[pivotpiper]

I began the incorrect position, it will not create me worry. because in my company, I always use SL to my mistake. because I observed that it was definitely on us we are incorrect to estimate price motions, so it will create our decrease. Therefore, I am sure it would fall short I find out restrict so I do not decrease too much, and is well accepted in the forex.

[menciusforex]

I will analysze before entry. i could come out a initail plan for my stop loss and take profit. it is base on my analysis for suport and resistance zone. after my entry i would not take immediately correct action untill it touch the line of the range

[dadhu]

i just open hedging system or cut loss the order with immediately, and i do not want to hold floating minus too big, and we know that wit using edging then i have the chance to convert the loses with winning or profit, but need ability for it

i have gone through such situations i really started trading in Forex in hurry without much knowledge and lost my whole initial investment.i got so depressed for neally 10 days and stopped trading.now i m able to coup such situations with ease

[wongfx]

It is best to seal the particular buy and sell do some simple level of income in any other case you must pay more damage for this buy and sell. thus act as assured when you wide open the particular buy and sell inside the foreign exchange in order that you certainly not carry out these kinds of blunders

[wesfx45]

Maybe when my analyzing is wrong I have loss and even margin call. But I won't to be frustration. I will use my loss to be my education and my evaluation. So that I can't loss for the same reason in the next time I trading in the Forex market and automatically I can increase and improve my analyzing to can get profit permanently and becoming the successful man in the world by Forex market trading.

[Ary Baskoro]

When I knew that I had opened the wrong position, then I would have to immediately cut loss position, because I will not know until what price will keep moving ...
I would do afterwards is to follow the prices are moving, because it should not be us versus trend, and the trend is your friend traders, so we should be able to take advantage of the trends that are happening ....

[win]

it happens sometimes that by mistake you open the wrong position .In such time its a good idea to open another trade with same lot in the opposite direction and manage close the trades at the proper time

[oming]

usually to avoid it to happen, traders would use a stop loss has been calculated before in any open positions they do. but for the novice trader and do not understand how where I set a stop loss targets, you better close your order directly to mengihidari the MC because of a floating price that occurred.

[thirupathi]

The sometimes it happens that due to the pressure of forex trading we will open a wrong position so it is the best way to accept that spread loss and close that position.
because if we keep it open then it can be proved more dangerious and can make us to loos ealot of money. profit and stop loss at the beginning of trade wht baut.

[rauf3739]

I am not against what is called instinct or intuition of a trader. there is
Senior Trader is able to open a Buy or sell only a few seconds after he saw the movement of currency. And often his position according to the direction of the market. It is derived from hours of flying experience and a high in the forex world. however, novice traders like me will always dealing with what is called the wrong position, the first thing I did let the float and will try to open in the opposite direction.

[tahamina]

I will close my trade as soon as possible. if i do late close my trade it can be a great curse for my trading. mistakes always mistake. you can no chance of escaping lose from wrong trade.

[atiqsb]

i think agar aisa ho jae tu sb se best ha us lot ko close kar de ziada loss se itna loss better ha. kuch trader hedging kar dayty ha me hud hedging kar dayta hon aur kisi achi place par yani support ya resistance par khol dayta hon es tara mery spread b nikal ate hain aur profit b mil jata ha.

[GENJOET]

I knew that if I opened the wrong position then I would use hedging strategies because these strategies can lock defeat then I'll wait for the right moment to take the decision to open one of these positions

[wahyu setiyono]

if I open the wrong position I would run hedging strategy
is used for reduce the risk of capital loss and keep us stay safe

[Liaba]

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

[indianfx0000]

we should trade after sever analysis of a trade and the main problem is some times when there is no strong signal of a trade we trade and it is very dangerous for trader, unfortunately if we trigger a trade in a wrong way i think we should close that trade as early as possible.

[marfuatun]

I realized that if I am wrong then I will open the position to cut against my position because I was otherwise cut would further reduce my equity position then I will open it again and hope the next trading success

[mehwish]

Aisa aksar ho jata hai Forex trading mai stress or pressure ki waja se, sub se behter yehi hai k us loss ko bear karain or us trade ko wahin close ker dain, ta k mazeed loss nahi ho.

[shoukat654]

with bagitu, even though the price moves against the position, the loss in accordance with that we put sl . I always put stop loss and take profit at the beginning of my trade .

[bablu7832]

When ever I realize that I have opened a wrong position then I immediately close that position even if it is in loss.I don't wait for it to recover and start moving in positive direction.Therefore I try to open trades only after correct market analysis.

[tonmoy19]

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

[rajesh]

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

[husnaindfx]

After a good calculation and analysis i open a position but unfortunately sometimes i can open a wrong time against a strong trend so after that i will recalculate the whole trade and i will try to calculate whether i can recover the trade or not if i can not recover that i will cols that trade.

[champy]

the good thing for me is that i should have the good analysis in the market so that if i am going to learn the market well then i should stop that trade which is wrong for more better tradings. or wait till the market is coming back.

[hend]

in trade, there is a possibility we will be experiencing it, we would be wrong to predict market movements, because after all we do not really know where the price will move. therefore, we have to think about it since opening early, so when we did wrong in taking a position when trading, we will still be able to make decisions well, normally I would think of to cut losses, because I do not want to lose too much.

[fxtop]

I consent with you so as to it's better if we close our trade had been proven sinful in positioning and more waiting to acquire any more fate in this trade as nearby will permanently be a satisfactory fate as long as we are prepared to pass the time in our trade.

[adnanr]

if i make any wrong trade or enter in wrong time then i close the trade as quickly as i can and try not to have big loss and take too much risk to keep onpen that trade because mistake are happen some time but it is better to have some loss then huge loss.

[fxtop]

I accede with you with the purpose of it's better if we close our trade had been proven sin against in positioning and more waiting to contract a different prospect in this trade as in attendance will for eternity be a advantageous prospect as long as we are prepared to time lag in our trade..

[mhchomsi]

if I made a mistake in making the entry positions then I would make hedging measures. because the price movement will usually return. so I'm not too worried. with the hedging measures, I would look for opportunities to make a profit from all the entry position that I do, although it is not easy to do. hedging requires calculation and anlisa very nice. if not, maybe it will be many losses will occur.

[Empress]

Usually I feel so bad if my possition is wong and try to trap me. If I am not so sure with the possition, usually I do my bad desission, cut loss and closing my possition before I lost deeply. I am usially cut my possition before reaching 20 pips and let it gone. I try to do savely trading

[saima parvez]

place of the access is wrong?? I think if I did the access place then the access is through the research that outcomes in a real indication. If access factors I create reduction then access is the access I was incorrect and will soon be doing activities that a practical remedy. i.e. cut reduction or do the other. written text access or I'm doing securing in desires the cost will turn

[fxmoney]

When i have taken any wrong entry then i will wait for sometime and if i am getting some profit from that trade then i will quickly book that profit so that i will not get large negative float from that trade as it is wrong.

[dareking]

Agar main wrong trade open kar deta hoon, to main stop loss laga kar chor dunga manually band nahi karta hoon, kyun ki fir bhi ek umeed hoti hai, ki market reversal hua to, hum apna profit le sakte hai, jitna loss afford kar sakta hoon, utna hi stop loss lagata hoon.

[boeled]

I know that when I open one position, then I would do is close the currently open positions and, opening the position back in the right direction.

[sidney232]

This is really a bad luck for a business person. but it is happened then at first you should try to find out your problem and also try ............ to solve this problem as early as possible. You can take help from your senior.

[Habib Ahmed]

when ever i open a trade in wrong time and i know that than if i will have a huge amount of capital than i will not close it but when i will less amount of capital than i will stop that trading.

[zaaalim01]

i agree with you we shssould close position and take the right step

[fxmoney]

when you take the wrong enter then you must not close that trade instantly but try to wait for sometime and after that close trade with little profit if it moves in profitable direction and try to wait for sometime then place trade in the market.

[cotrix]

always obey the trading plan is one key to success in forex trading ..* Because if you've trained, then we will get used to ..* And do not quickly carried away. to be able to generate profits consistently only time can answer it for how hard work we do to be a pro Treder the faster it will be achieved, but vice versa if we were lazing long it will be able to get profit kosisten

[gurmeet]

dareking, haaan aisa hi mai to jyda tar trade aise hi karta hun stoploss aur take prfit laga kar chor deta hun profit hua to theek nhi to losss to hoga hi nhi isliy jayda tention nhi leta hun mai bas tareeke se kaam karta hun jo rules hai trading ka jo mera stregey usse ko bas mai follow karta hun

[get2ilyas]

Bahi may too aayse situation may stop loss to small take profit laga kar trade choor doon gaa.agar market favour may aa gay too faydaa.or agar loss hoo geya too market saay out hoo jayooin gaa kuch loss lay kar.Ess say yeah umeed hoo gee kay 3 ya 4 pips to mill he jaayin gaay.forex risky market too hai.aap without risk forex say kamaa bee nahee saktay.

[ummey]

I've always tried to discipline. I always put profit and stop loss in early trading. with the bagitu although the price is not in favor of a position, the loss according to put Annie this is the foreign exchange risk. We must be able to accept it.

[m16kamran]

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

[hend]

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

[lishader]

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

[forextool]

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

[haque12]

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

[arif1702]

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

[vanetina]

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

[perubahan_kita]

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


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

[chan]

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

[mountainbird]

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

[m2ndsrokk]

I will cut swith to my wrong position...but i will waiting until last candle close then i will make next move....if i am wrong in making position i will cut in and open new one with reverse direction from my first positon...if first i open buy then i am wrong...i will make sell position after cut my position

[jovivid]

i think that by looking on the pattern inside the timeframe, and then I saw a tiny timeframe, if you have any a static correction inside the tariff of a tiny timeframe, Me looking forward to the purchase price a static correction takes place, i quickly produce a package and then good results.

[bogelfx]

open position if I am wrong, I let that position, I use a stop loss to avoid huge losses, sometimes luck can make a profit at the wrong position. difficult in prediction markets, there is no proper way to analyze accurately

[byesofiq]

I always try to discipline. I'm always confused as to trade and make a profit. With So also, the price for the location, we come up against the damage that will be sold. Forex risk. We will be able to receive it..

[kakuly]

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

yes its happen at trading time. sometime we open wrong entry. already i get more time this type of position. then i close soon my position. only two time i set sl and take profit key. because then i know the trend change soon. so risk is minimum.
but its better to close any wrong trade.

[indianzfx]

In my opinion, more traders here present say you that they decline immediately to refrain losing but to me i gift solace stronghold that river, one reasonableness for hoping turnabout and added for learned how i am improper to inform many from casualty.

[L2L]

when I know my position is wrong, the only way is to cut losses. but it is really hard to do. Most of us these traders, always considered the most correct position is, and it's hard to admit that his position was wrong.

so if you are aware of your position is wrong, then do cut loss and stop trading for the day. only that could save your equity.

[ghani22]

aisa ho jata hai wrong enrty ho jati hai. agr hamy lag jae kay wrong entry ho gaye hai tu worry nai hona chye market wapis chali ati hai hamri price hai close tab close kr dyna chye agr wapis na aye tu i think deal ko close kr dyna chye mazid loss se ye bbehtar hai loss ko accept kr lena samjdari hai.

[heart00]

g han bohat time asa hota ha k ap aik tarde akrta ho but jasay tarde open hota ha ap ko lgata ha k trend ka aginst yeh koi wrong tarde open ho gaya ha tou mein osi time os ko close akr data hoon is lia k big lose sa small lose acha ha

[arif1702]

I might stay calm and not do anything, I tried to analyze the direction of the trend of the day and if I'm still wrong, then I will fix the lot with raising strategy against market direction

[raja123]

when i see i opened wrong trade then i think just level they trade no loss or no profit then i close order because when this type of trade open i feel very bad why i open that trade some its responsible for big loss for me.so better always close order fast even you are in loss.

[cicgojra]

In my forex work time i always try to put discipline. I always put a take profit and loss at the beginning of trade.even though the price moves against the position, the loss in accordance with that we put sl. this is the risk of forex. we should be able to accept it.

[anzerg11]

Yes, there are a lot of beginners do not patience in Forex Trading and Tak rush into a decision to buy or sell and lose all the money and the reason is the lack of education and impulsive

[dartvt]

I find that when I know that just opened the wrong position of entry, The first thing I would do is closed the positions and returned to the analysis to be able to makes I will not ever hold the positions that it is wrong to avoid loss for bigest really !

[tigase]

I think the price could not we say wrong in doing the open position because the market was moving freely, could have been that we open is the right one, and could have been the masters of the open forex trading could be wrong, because in this world there is no trader can guess the market price, we can only follow the market price, that's what his name to follow the trend, focus and let the stop loss margin management into your

[ansari123]

when sometimes i open the wrong position by mistake i close this.sometimes professionals makes mistakes the best way to avoid loss is only you should close that entry and you should have a proper knowledge about trading then there is limited chances of loss of money.and in this way you can do your trade properly.

[norix]

when i see i opened wrong trade then i think just level they trade no loss or no profit then i close order because when this type of trade open i feel very bad why i open that trade some its responsible for big loss for me.so better always close order fast even you are in loss.

where should you entry to the market must be fixed according to the market trend and Sometimes a hedge trade is entered to compensate the adverse movements and recover the losses

[fxmoney]

It is better to wait for sometime and if the trade comes in the profit then you can close it instantly and do not try to take new trade directly have patience for sometime and then take so that you will not take wrong trade.

[runuakter89]

I agree with your instrument that we are operative in the forex performing then we would wait to be able to controller your emotions and be enduring in analyzing the marketplace so that we can help in the forex playacting.

[laljawahar]

forex trading ma mujha 1 years ho ga or mujh is ma acha profit hasal hu ha forex trading ma mana shoorh ma loss ky tha but aap kafi time se mujh profit hasal ho rah ha.

[shompa]

I concur with your ruling that we are locomotion in the forex byplay then we would wait to be able to check your emotions and be forbearing in analyzing the activity so that we can help in the forex sector.

[sujaneph]

I hope that the damage could be better if we keep it for the other thing, because this is the way business is immidiately. I was so close I would like to come up with those who want more than what you expect to get a considerable profit.

[hiqbaleee]

I think , it is the best way to accept that spread loss and close that position if i know that just opened the wrong position of entry.Avoid worse loses and try to trade fresh trade. There is limited to open trade there is specifically to open trade.

[parulsikder56]

I only surrounding it conservative there and then and if it is after any indication I mortal arrive to fuck then I see at the charts and re psychoanalyze the switch and if chances are there for reversals then I prepare it travel otherwise I tight lipped it in decease.

[sltp]

This is often the case when I know that just opened in the wrong position then I would wait for a while if there is still chance the price reverses or I will hedge up my money back or I lose a little new I will close it.

[solomonfx]

to success* that we must continue the spirit and unyielding spirit, we all must be willing to learn the origin of the trade really reasonabl ...* since made his way towards success also not easy, all of it surely takes sacrifice

[kuku9088]

This is the step which can change the whole game. If you see you have opened a wrong trade then do not wait to return the market just cut this trade on lowest loss if you will not do this the game can be slip out of your hand.

[max8810]

hollo sir, koi b kam jesa b kam galat hony per us ka samna galty karny waly ko bhogtna he parta ha. jab galat side pe trade gir jata ha to is sorat man bohat mushkil ka samna karna perta ha. aksar trade pe kam karty waqat hum sy galti ho jay to hum side close kar daty han..... or jab nuqsan sath sath dikhai data ha to intzar karty han.............

[fxstar]

i thin we need to close that in few pips its good to face the huge loss so you can also use SL for this and your trade close in few pips every time try to open a good position for trading and earn good from forex you need good information that you get from news analysis experience and fundamental reports

[Mohit]

For those who may be from the proceeds, and the Meta Trader is completely free to download from the Web site to create a mentor. It's easy, is not it?

[dhewantrie]

to learn that my trading positions open at this time is wrong, then I would do is to close the position by accepting losses and open trading positions in the right direction.

[damado]

if i have to open the trade in the market and after opening the trade, the market is going against me then the better thing for me is that i should then wait for the good opportunities in this market and then do the right trades.

[India Bangsat]

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

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

How about you?
It is true, I believe he went my orientation, but after the end of the loss, I see that it runs on the size where I set the knob losses. And I was not counted as thwarted as well. so, I'm anticipating it. Greetings profit.

[nvsrao]

It happens some time. I wait for some time to return the market then I will Close that entry with small loss.

[irilan]

in my experience as newbie, if i face wrong position in trading i always try to open new position that different with the first one positions. in this case i am using hedging strategy to minimalist my lost. and i will wait until the end of trend to close one postions in trading.

[win]

if i mistakenly open the wrong position i will open another trade in the opposite direction and this style is called hedging.And after getting good profit you can close one of your opened trade

[muna1982]

some time this type of incident happen that after opening a trade we feel that it is a wrong decision. in such time i just close the trade if it is a big one in some pips loss. but it is a small one then wait for some time and close it in some pips profit or if goes in loss then keep it as it is. some time i open and opposite position it i think that the price will back in this level very soon.

[Ubaid]

Yes most its done by me when i do trade market goes opposite side then take a stop loss of 10$ and left the trade as its going. I dont know the reason why market goes opposite when i trade in forex trading.

[raja jee]

I think you should close your trade immediately and bear the or the second option is that you do hedging by opening a trade in the other direction. For example if you have opened a buy order, then open a sell order. This will restore your loss of wrong position opened up to some extent.

[Zaheer]

some time hum market ke ups and downs se bohat pressureize ho jate hain or ghalt trad laga dete hain is position main some time traders ko kafi los hota ha aisi situation main aga ap ko lage ke ap ne jo trade ghalt lagai ha wo profif main a sakti ha ya nai agr nai asakti to ap us ko hedge kar din or monasib point par stop loss or take profit laga din is se ap kafi cover kar sakte or agar ais nai kar sakte to close kar dain.

[fariza]

if open wrong position in my trading i will cut loss because i dont want to loss all of my
money only in that time so i will wait until next momment to get in the market in the right position.

[solomonfx]

mental readiness was the most important according to me. because in trading especially for beginners will often experience loss even margin call. if from the beginning we were not mentally ready, then it could be when we experience mc be frustrating.

[shazer ehsan]

I think you should close the order as soon as it is revealed that you have open a wrong trade. Its better to get a little loss than to get a bigger loss.

[lisan]

The manuals of trading platform to learn how to trade with all the tools available secondly go to come forget other sites for the moment and stick to it and thirdly Forex forum and forum with the as know is creature of all things in this world got this site benefited for earning money.

[rajkumar1991]

jab humse koi galt order lag jay to hume usse turant hi nhi band kar dna chahiy thoda wait karna haiy jab wo 0 me a jay tabhi hume ise band kar dena chahiy jaldi basi nhi karna chahiy nhi to nuksaan ho sakta hai .