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

[joget]

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?

[adahidayat]

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.....

[raka999]

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.

[deathzz]

if I feel I am wrong in the open position the first thing I did was install SL to secure my account, I rarely directly close the position when I feel one open position.
I always hoped that I open up the correct position,:D so if I open the wrong position I was always waiting for him to be a boon or SL that I have touched the place.

[gemmy]

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 .

[twinkling star]

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.

[Ahsan]

Actually this kind of trading comes from lack of proper knowledge about forex market. But 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. So, there is no chance for me to opening a wrong position. Thanks

[s.akhtar]

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.
good to know that in my research in forex trading just short time there are nobody perfect in there trade sometime professional trader do a mistakes and there trade goes on wrong trend entry also.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 .

[joget]

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

yes, I agree with your opinion. it better immediately close the open position if you know wrong entry. to avoid worse loss, and also in order to open a fresh trade. This is especially useful if there is a limit to open a trade position. for 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.

[irfan]

If I will open a wrong position then I will close it just after I realizing that I have opened a wrong position. I have come across this type of situations many time s and all the time I had taken the right decisions.

[norix]

if i find that i open wrong trade and its just open than i close that trade.
but after making some big loss at that time i open other opposite trade.

If we are wrong in the transaction we have to get out of the market. we look again at whether there are still opportunities that we have further analysis. so that we can get a price we want and we anlisa for immediate re-entry

[ermaniso2011]

l always use 1 hours chart the prevent from the wrong signals.when we will use small time frame like 5 m or 15 m we may see so many wrong signals.as long as a trader will always place his sl and tp then there is nothing to worry.but if you are very sure that it is totally wrong position then the best way is to quit from it very fast and place another order to opposite direction.

[lights]

when I do wrong open position, I often immediately close the position, than I have suffered greater losses, unless it was sideway, I usually wait a while, until the position is a profit, although very small, just 1 pips for example, then I close

[kaji]

I think if we either put up a better position then we immediately closed position before we have an increasingly large floating and open position and make open position in the right direction......

[xiaotanghao]

If I have known that I just opened the wrong position of entry,I think I will close the order immediately.You know,I have traded the opposite trend,if I do not close the order,I think the trend will go far,which will result us lose more.So in this case,I choose to close the order.

[seri]

when I do wrong open position, I often immediately close the position, than I have suffered greater losses, unless it was sideway, I usually wait a while, until the position is a profit, although very small, just 1 pips for example, then I close

That's right. It's better cut and switch when you knew that your open position was wrong, if that is possible you should
close it immediately so you won't lose more dollars. But if that is possible, you must know the limit too. If the losses still
could be reduced because the movement could be better, then it's okay to wait a second. It's all depending on situation too.

[newentry]

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

[sayem]

Jab wrong position pe trade ger jata hay tab bohot mushkil ka samna karna parta hay. aksaar hum galti se aaysa position pe trade de dete hay jiski hume knowledge or analyses nahi kia. tab hum trade ko close kar dete hay or agaar thora nuksaan sath sath dikhai parta hay tab thora integaar kartehay.

[joko]

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.

[yogesh]

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

[nurhidayah]

This stage is not only difficult for novice traders but some times experienced traders also execute trades in wrong direction and get involved in troubles. I did the same while trading gold and now i am dealing with hedging for more than 4 trading days. I think best option is the close the trade manually at the lowest possible losses.

close of trading manual that terlelak against losses that may be low but we are responsible, although an effect on our trading circumstances, to that we also have to understand these stages so as not to fall again against losses worse

[anitagala124]

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

[zahidrock]

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

Yes you are right. If we got any wrong point for trading then we need to close it immediately. if we can't do this then we can loss more balance on that time.

[iwan]

if it happened to me, then I would immediately close the transaction and be OP again with the correct position. in this business we must not suppose, do not rely on instinct, but must be based on the facts and realities that exist. markets are unpredictable, uncontrollable, but we can follow to make a profit.

[norix]

if it happened to me, then I would immediately close the transaction and be OP again with the correct position. in this business we must not suppose, do not rely on instinct, but must be based on the facts and realities that exist. markets are unpredictable, uncontrollable, but we can follow to make a profit.

If any of us get so close it straight up from the sustained, because although there is little loss is a loss, that if the let alone make us lose some of the capital that we keep,if we need to stop until we are completely convinced by the analysis

[Techno]

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.
each trader can indeed make a mistake in trading. but we should not feel afraid to make mistakes. because of the error, we can make improvements in analyzing and strategizing. so that we can do can make a better trade for the next.

[ezincenter]

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.

That's right I am fully with you , this is my way of the money management and I stick on it, I always set the take profit and the stop loss after I open a position and wait what will happen.

[jai]

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.

[babu]

This stage is not only difficult for novice traders but some times experienced traders also execute trades in wrong direction and get involved in troubles. I did the same while trading gold and now i am dealing with hedging for more than 4 trading days. I think best option is the close the trade manually at the lowest possible losses.

[Techno]

This stage is not only difficult for novice traders but some times experienced traders also execute trades in wrong direction and get involved in troubles. I did the same while trading gold and now i am dealing with hedging for more than 4 trading days. I think best option is the close the trade manually at the lowest possible losses.

when we make a mistake in making an entry, then we can take advantage of the use of hedging strategies to help us. so that we can reduce the loss or even make a profit. but if you do not want complicated, then it could use a cut loss to get out of the market. so it does not make the loss becomes greater.

[barkiman]

if you make a mistake after entry, a moment I felt nervous. especially if the lot that I use quite large. but, after that I tried to calm down. I see in the big time frame, such as H4. if it is still possible to hold the floating, then my position is not closed, just put a stop loss.

[jiching]

if i just opened the wrong position of entry, i leave it because i have prepared for my entry with 200 pips equity. so i don't care when the price opposite with my entry. with the money management, i predict the price will be back to my entry and the fact, the price will back and i get profits although my entry has floating minus firstly

[sinaga]

I have done if I had just opened trading positions, and one that I should be able to cutloss and accept the loss. cutloss can minimize our risk. maybe we will try to analyze back in calmer conditions and waiting to take the position correctly.

[tajdarbet]

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?
han ye to mugh se kai dafa hota ha main khud bhi akser aesi entry kar beteta houn or bad main mugh ko pata chalta ha k main ne ye entery kafi ghalat time par ki ha to us k bad main wait he karta houn takey condition mere haq main ho

[sidhu]

l always use 1 hours chart the prevent from the wrong signals.when we will use small time frame like 5 m or 15 m we may see so many wrong signals.as long as a trader will always place his sl and tp then there is nothing to worry.but if you are very sure that it is totally wrong position then the best way is to quit from it very fast and place another order to opposite direction.

[maurya]

If any of us get so close it straight up from the sustained, because although there is little loss is a loss, that if the let alone make us lose some of the capital that we keep,if we need to stop until we are completely convinced by the analysis

[maurya]

If we are wrong in the transaction we have to get out of the market. we look again at whether there are still opportunities that we have further analysis. so that we can get a price we want and we anlisa for immediate re-entry

[sachin]

If by mistake I happen to open a wrong trade and I have realized it immediately I simply close it right there and then and if it is after some time I have come to know then I look at the charts and re analyze the trade and if chances are there for reversals then I keep it running otherwise I close it in loss .

[jmsblack18]

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.

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.

[Nabi Ahmed Gill]

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?

ya bat bilkul sahi ke ha ap na newbie members ko experinece nahi hota ha or wo ya nahi daktha ka agr main entry opne karrnaoo go to mauj es main fadia ho ga ya naksan ho ga wo bus apni entry open karta han or dahakata han ka hama katina loss ho raha ha kuch to members asa be hota han jo apna balacne he kho batha han.

[ksatria921]

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've experienced a time like this. and of course this makes me worry, when it's available margin in my account so low, plus more to the movement opposed to open market transactions I have done some time ago. and I immediately took action, I opened the transaction inverse / opposite of the previous transaction with a lot less likely to cover the amount of loss, before the market touched the point of support or resistant line. and most traders are wrong and misses the auspicious moment, so the market turned back after reaching the point of support or resistance line. This should be considered by some traders.

however, if this happens you are the availability of sufficient margin to withstand the amount of loss, no need to worry. because the market will turn around again when he touched the point of support or resistant a particular line.

[budado]

If I make a wrong position I automatically close it. No matter how you going to justify it as you say its a wrong position. You can correct that wrong position by keeping it. Because my approach is always this. know your exit before you open a position. If you don't know your exit and you have an open position then what the us of having an open position right?
Also just make sure that if you are earning in trading try to record it as its going to be your basis on how to open or repeat opening a profitable position.

[fxquest]

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

[justpips]

when I first forex trading, if I have a situation like that, what I do is let the account get a margin call. but it is the past. Now if I am wrong in determining the position, then I will forcibly shut down (cut loss) for losses that occur can be reduced, then I will analyze from the beginning and correcting my mistakes. but sometimes I also do hedging.

[naziafarhan]

If I can understand that the position I have opened is just a wrong position then I will just close it to lessen my loss. And right after closing that position I will open opposit eposition to increase my profit. Thanks.

[yakult]

If I am not going to direct my cap. I would do a re-analysis and estimate the price goes up to certain limits and will do the averaging. I used to do the averaging, because I believe the resilience of my capital. Unless resistance is below 1000 pips better close immediately.

[aarti]

han ye to mugh se kai dafa hota ha main khud bhi akser aesi entry kar beteta houn or bad main mugh ko pata chalta ha k main ne ye entery kafi ghalat time par ki ha to us k bad main wait he karta houn takey condition mere haq main ho

[rahulsagar]

If any of us get so close it straight up from the sustained, because although there is little loss is a loss, that if the let alone make us lose some of the capital that we keep,if we need to stop until we are completely convinced by the analysis

[hitesh]

If we are wrong in the transaction we have to get out of the market. we look again at whether there are still opportunities that we have further analysis. so that we can get a price we want and we anlisa for immediate re-entry

[omofx]

i don't place a trade if i am not sure about it and beside when i place a trade and i discovered it a wrong position, i don't close it i allow my stop loss to take me out

[anton]

i don't place a trade if i am not sure about it and beside when i place a trade and i discovered it a wrong position, i don't close it i allow my stop loss to take me out

better that way, I strongly agree with your suggestion, I will not go and do the order position if I did not get a good signal from the market, because we must realize that there are in the foreign exchange risk is very large, very little we make mistakes it will have an impact on our account.

[digger_jim]

Close it. Even if it's loosing, it is still better to close it rather than letting your loss grow. In time, you might be able to reverse position and regain your losses in no time. But in the beginning, close it and stop trading, review your mistake immediately is a better choice of action.

[dragon]

It's no need to wait if the open position is wrong, but I must take a look on condition of market. If it's still possible to set close position
and switch to another direction to follow current trending so it's better to follow the trend but if the trend is almost over so it's better
to close and wait better condition to open position again.

[anton]

If i do enter into the market in a wrong position then i will close my trade immediately then i will try to understand that what is happening in the market if i see market is going reverse then i will open a trade in that trend.

I am novice trader, I still like to feel free to close the trade even though it was wrong, and I usually do hedging improve their circumstances, but apparently it also does not provide a great benefit, because hedging requires a long time to fix things like this.

[jony]

best option is during this condition use stop loss and take profit option in forex for away from loss in forex.people are make good strategies for this situtation.and but never face this type of condition.

[yogesh]

I dont like to collect junk and dont want to for long with a losing position, so when i knew my trade is wrong i will get rid from it on first opportunity i get.

[brutu]

Than many who are likely to result in the loss of more than our expectations, we will if you keep it, how close the trade immediately because it is close to other wise better. I get from my testimonial from that release, to open a fresh trade, to give another chance, I'll close my trade me all the time when you realize the wrong judgment about your entry.

[abdul hamid p]

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?

dont be nervous, stay confident and do not open any position without analysis (technical analysis and fundamental analysis). good luck

[nobby]

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?

For me it is a straightforward thing that I will do. As soon as I realize that the position I JUST opened is the wrong entry I will close it immediately and open a new one in the opposite direction with a bigger lot size. This will help counter any losses made from spread and any other price movement.

[ashwini]

agar mujhe pata chala ki main galat entery kar chuka hun to bina intezaar ke main order close karna pasand karunga. yeh problem kab hota hain. jab hum ek jyada account main trade karne ki kosis karte hain. aur jab market bahut fluctuate karta hain tab hum jald se jald entery karna chahte hain.. tab hi.. yeh problem hone ka jyada chance hain. so take ur time to entery .. dont be hurry to enter.

[sufanw1]

If I knew that my position is open so I immediately closed position, because it will endanger our funds. Unless we open position direction of the trend is happening in the market and the NEWS that occurs even in line with our open positions. Although it is still floating just wait and guaranteed to hit TP or Take Profit.

[hardworks]

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?


How you know exactly that your deals are in wrong side. If you know it, then why make this analysis before opening deals. Please don't try to cover the loses by following sure fire strategy. This will not work in all time, if it fails, then it will end stop outs. its always better to close the negative deals and wait for the next entry point.

[marjuck]

it will frequently happen in my life. when i open my computer i can not leave the computer without trading. when i open a wrong trade , i do not close this trade on that time. i analyse the market in d1 pattern. if it seems to be negative then i close my trade if i get any positive result then i keep my position open.

[sripanut]

I usually analyze the chart first before entering the market, so I can conclude to buy or sell. Although my decision is wrong for example I chose buy, but the candle is down so I wait few minute to analyze again. If my final analyze is wrong, Usually I cut loss in my trading.

[abdillahikbal]

I usually analyze the chart first before entering the market, so I can conclude to buy or sell. Although my decision is wrong for example I chose buy, but the candle is down so I wait few minute to analyze again. If my final analyze is wrong, Usually I cut loss in my trading.

I have a step that seems powerful sir, so this strategy berdsarkan on trends in H1 timeframe trend down to eat when we are ready ready to enter the market on M15 timeframe that is what I think is good, can be tried sir

[biyen]

I try two kind of solutions :
First I wil open new possition using largest lots and closing my wrong possition
Second, I am using hedging mechanism to save my money at wrong possition

[ernestina]

If I open position the wrong way, I will watch it run if perhaps it will turn out to be good trade. When I see it will not become good trade I will still wait to see if I can close at zero price (no profit not loss). If not I will just close the trade at smallest possible loss.

[abdillahikbal]

I try two kind of solutions :
First I wil open new possition using largest lots and closing my wrong possition
Second, I am using hedging mechanism to save my money at wrong possition

system a good system, but when put into practice will be very difficult to come out for beginner trader like me, first I tried to hedging, but this thing never even thought I thought appear erratic price moves only at the center of the center would open my all taxable income items ultimately due to lack patience then I close all my OP, since anxiety may

[Maham Gill]

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?

kabi kabi trading main asa be hota ha hum wrong postion open karta han or esi ke waja sa haama boht sara loss earned karna parata ha esi waja sa to hum achi or best trading nahi kra pa rha han or trading main kafi loss earned hota ha..

[ceestech]

sometimes what i do is to watch the direction if it has the hope of reverting in the next session if not i hedge the trade.

[sayem]

I think that time i firstly see what my position in profit or loss. if profit I close my position or trade and if not or if see my position is in loss then wait and trade that long time to recover. but balance also big factor hare.

[rathod]

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.

[sazzad]

If i open any wrong position in this market then i have to close this position immediately because i do not want to take any high risk and i will give another trade on the basis of trend and i think it will be very good for me.

[embrio]

if I knew that I had opened the wrong position, then I would immediately cut loss or close my position, my problem is not a disadvantage, because if I go then I will experience even greater losses.

[hamadmuneer]

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?

mere khial main jab app se wrong trade lag jay to thory se loss pe humain apni trade close kara deni chhaye aor ager app ko lagta ke market wapis a be sakti hai to wait be kar lena chahye main to ager aisa ho jay to us trade ke opposite dosri trade laga leta hun aor dono trades ka he profit uthata hun loss main band be kion karain hum

[eddy]

what you experienced when trading the same as what I experienced in the trade because of impatience in the conduct of open positions without proper analysis and because the mind always wants to get a big advantage that the loss suffered by a trader who is always with a mind like that

[nobby]

if I knew that I had opened the wrong position, then I would immediately cut loss or close my position, my problem is not a disadvantage, because if I go then I will experience even greater losses.

What about reanalyzing your position before closing it? You might be shocked that you will make a little profit before the position goes against you. What I will advise is to watch it a bit before jumping to conclusions because your initial analysis might even have been wrong.

[riya]

l all the time use 4 hours chart the foreclose from the misguided signals.when we give use teeny moment couch suchlike 5 m or 15 m we may see so umteen dishonorable signals.as protracted as a trader testament always position his sl and tp then there is null to trouble.but if you are rattling certain that it is totally false posture then the best way is to depart from it very sudden and post another arrangement to oppositeness itinerary.

[dharampal]

some time forex trading pressure or loss happen in trading or any other activity due to which we entered at wrong position and go in loss that time is very difficult to manage your loss so use stop loss for better to avoid big loss.that your knowledge also help you if you have knowledge about trading.

[Anuruddha]

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

[abdullahmuslim]

some time forex trading pressure or loss happen in trading or any other activity due to which we entered at wrong position and go in loss that time is very difficult to manage your loss so use stop loss for better to avoid big loss.that your knowledge also help you if you have knowledge about trading.

clear supposed to do so sir .. because no one has the ability to trade so if we meet at a loss then we encourage you to stop loss, because with it we will not lose too much

[nazmulhyder]

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?

Opening a new position in opposite direction letting opened the previous wrong position is not wise idea for me. i have lost all my account balance this way once. it can be more dangerous if price goes far from it. it will be itching you every time and you cannot keep concentrating on your analysis and trading. better you close the position immediately knowing that your in a wrong position and go for the next trade. you will be able to recover the losses.

[sayem]

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.

[devvi]

some time forex trading pressure or loss happen in trading or any other activity due to which we entered at wrong position and go in loss that time is very difficult to manage your loss so use stop loss for better to avoid big loss.that your knowledge also help you if you have knowledge about trading.

better reproduce the experience in trading on the demo account first sir, instead of using a real account and can make us always losers, and this is not the right choice when we are always a Losser

[boniez]

wrong position is a bad thing which would cause a loss, so if we realize it is better to close it rather than letting a position that actually cause you'll keep getting floating minus.

[raka999]

if i had the wrong position, I will do my cut loss. it is a sure thing to anticipate a larger floating minus. I think, damages dozens of pips is not a problem, rather than having to lose hundreds of pips. because, of this indiscipline, bigger problems will arise.

[kiran]

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

[naveen]

If indeed we are confident our position is wrong or contrary to the trend, I usually do a cut loss or hedging. I do if the intended hedging by price point not far from the position of my loss. so there is no need to wait for too long to be able to open the hedging.

[darksaimon]

i expect that sometimes it happens that due to the pushing of Forex trading, we leave unlawful a unethical business so it is the champion way to respond that spreading loss and end that role because if we rest it outside, then it can be tested much venturous and can alter us to silty a lot of money

[taufiqbd]

For newbie, I suggest first 6 month must be practice demo trading and learn stop loss, take profit, headging, and analyzing knowledge. When you learn these matter then you solve your any situation in forex very successfully. So learn first then earn.

[boitali06]

I think its supposed to close that trade immidiately because its better to familiar it on another advised if we keep it than may be it create loss writer than our mean. I always approximate my trade when i realise that i neaten a wrongheaded judgment almost accounting because that transport my tentiona nd wage other possibleness

[yogesh]

I think its supposed to close that trade immidiately because its better to familiar it on another advised if we keep it than may be it create loss writer than our mean. I always approximate my trade when i realise that i neaten a wrongheaded judgment almost accounting because that transport my tentiona nd wage other possibleness

I totally agree with you - we should correct the mistake at earliest stage we realise it. When we knew the market is not going we expected there is no reason to wait as that will just be increasing the losses and would be unwise decision.

[kakatua]

I ever put a accept profit and prevent loss at the rootage of trade. with bagitu, still tho' the toll moves against the business, the loss in giving with that we put sl. This is the risk of forex. we should be able to digest it.

[sabuz]

some time all trader trade wrong position then the trader should use perfect stop loss area, then the trader make him danger free,

[ndm]

it is very difficult to new trader to enter into a better position most of the time it is in wrong entry and this can be cater only by the help of all those friends who know that what is this trading system and they are the better guides for trading

[julianambas]

position of the entry is wrong?? I think if I did the entry position then the entry is through the analysis that results in a valid signal. If entry points I make loss then entry is the entry I was wrong and will soon be doing actions that a viable solution. i.e. cut loss or do the opposite direction. text entry or I'm doing locking in hopes the price will turn

[rakib25]

I just cease my business when I believe it goes agaist my orientation, but after final in loss and when I see that it goes at that measure where I set knob loss then I became so untold foiled then, I anticipate it needs much participate and knowlege to cognise the content of trade..

[coiruahmad]

If indeed we are wrong in taking the op should we wait whether the market moves against your position.See whether any time frame to move in the direction or not.If that is the direction we should all do not hesitate cutloss and plug in the direction op market.

[zahidrock]

When i face this type trouble on my trading on that time i try to recover my losses balance with hedge system. And i can easily do this on my trading. I think hedge is the best on that time for recover losses balance.

[chaya12345]

Its better to close that trade immidiately because its better to close it on other wise if we keep it than may be it bring loss more than our expectation. so i always close and when i get a enough profit from what i expected if anyone would want more than that will come over with loss

[esporti]

i always prefer to discipline, try to earn and evit the lose right after open a position when i know it going to lose anyway

[didikebenaran]

In such conditions,its better to close that trading order at once instead of just waiting that to bounce back .
Traders have to accept the minimum loss because of their fault and again start with a new idea and strategy as soon as possible as our main target should be earning profit and trade positively. .

I agree with you that it's better if we close our trade had been proven wrong in positioning and more waiting to get another chance in this trade because there will always be a good chance as long as we are prepared to wait in our trade

[ayakcalysta]

I agree with you that it's better if we close our trade had been proven wrong in positioning and more waiting to get another chance in this trade because there will always be a good chance as long as we are prepared to wait in our trade

indeed sir, I agree with your opinion that we are running in the forex business then we would expect to be able to control your emotions and be patient in analyzing the market so that we can benefit in the forex business.

[biyen]

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

[awais]

i will just close it with accepting that lose because i do not want to lose my more capital by my mischievous mistake . if mistakenly you have opened it so we have no any other choose to do just accept it rather you lose any more capital

[ronin]

I've done it, but I keep opening my position and wait until the profit, it becomes like a scalper. :D I'm willing to do it because it happened to me at any open positions not being volatile market conditions.

[boniez]

I will be doing an evaluation on my analysis, because there must be something wrong when I think if we want to trade and also generate profit right then we need to know all these things one of which is a problem analysis.

[sapna]

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

[kubi]

me to jab bhi wrong position pr entry lagata hun to take loss pr 5 pips pr price ko settel kr deta hun zyada loss se to behtar hai ke banda kam loss bardasht kr le.

[devvi]

me to jab bhi wrong position pr entry lagata hun to take loss pr 5 pips pr price ko settel kr deta hun zyada loss se to behtar hai ke banda kam loss bardasht kr le.
if we are a beginner then we should have a low diposisiyang first because then we will be able to learn to take jaeab and we also will get new lessons on our experience

[will]

If we have known that current condition was wrong in direction so it's better to close it as soon as possible to prevent bigger
losses but if we didn't quite sure if current condition was wrong in direction but we are not sure if the condition will be better too
so it's better to prepare risk management strategy.

[shero]

I try two kind of solutions :
First I wil open new possition using largest lots and closing my wrong possition
Second, I am using hedging mechanism to save my money at wrong possition

I think with hope alone you will not achieve your target and you will face many losses , so the best solution for you is setting your stop loss in each trade and try to stay away from hedging

[Nganti]

when i make wrong posisition in market, i will cut loss or make lock my floating loss with hedging strategy. i allways use strategy and i can recover my lose.

[goldenmember]

I have heard the best way to deal with a losing trade or a mistake, is to close it and accept the loss. It does sound horrible but it is better than having a massive loss and its a lot better than hoping.

[dzifa78]

Indeed, if we had one go so will not want to have to immediately take action. But there kosekuensi we must accept that the reduction in our deposit. So in any order we have to put a stop loss. so even if we are wrong then it will not be a big loss.
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?

[suresh]

I agree with your opinion that we are running in the forex business then we would expect to be able to control your emotions and be patient in analyzing the market so that we can benefit in the forex business.

[marwa]

l always use 1 hours chart the prevent from the wrong signals.when we will use small time frame like 5 m or 15 m we may see so many wrong signals.as long as a trader will always place his sl and tp then there is nothing to worry.but if you are very sure that it is totally wrong position then the best way is to quit from it very fast and place another order to opposite direction.

[pbelim]

I simply close it right there and then and if it is after some time I have come to know then I look at the charts and re analyze the trade and if chances are there for reversals then I keep it running otherwise I close it in loss.

[rofeq]

I simply close it right there and then and if it is after some time I have come to know then I look at the charts and re analyze the trade and if chances are there for reversals then I keep it running otherwise I close it in loss.

we should be able to see whether the market goes up or we tutrun gunkan stop loss and take profit quickly if the market is good we go bad trade if we close with good analysis we can read the direction of trade

[sam4777]

as i thought we open wrong entry due to our impatience, so if we did that mistake so we should see our loss if we have just spread's loss then i'll reccomend it to accept it but if it is more than we can accept and we are sure that market will run at opposite side then we have an option to hedge (open an entry to opposite side of the entry that you have already opened) it, so when you gain your break even you can close it or also can gain profit from 2nd time opened entry.

[evaheima]

Its better to close that trade immidiately because its better to close it on other wise if we keep it than may be it bring loss more than our expectation. I always close my trade when i realize that i make a wrong decision about entry because that release my tentiona nd provide another chance to open fresh trade.
The first step for a beginner is to study and then open a demo account. For the demo account, you can choose any broker, but I prefer InstaForex

[tenma]

Actually this kind of trading comes from lack of proper knowledge about forex market. But 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. So, there is no chance for me to opening a wrong position. Thanks

I think sometimes it happens that due to the pressure of forex trading, we will open the wrong position ... so it is best to accept that the propagation loss and near this position .... because if we keep it open, then it can be proved more dangerous and can cause us to lose a lot of money .....

[kalponick]

I like to see to the end.. and I always open a trade after finishing my homework.. I was impatient before.. but not anymore.. because I lowered my daily profit limit.. so every trade of mine gone through some sort of scanning process.. and after I execute any trade, even if its going against my analysis I dont really modify that trade.. because in this process I learn the strength of my current strategy..

[TheCoo]

Well when i figure out that the position i opened is wrong just waiting for a while making some pips and close the position after that making the correct position, in crutial situation i would use the hedging strategy to reduce the losses and maybe turn it into profits.

[aun]

Main koshish karoon ga ke thora wait karon itna ke spread ka difernce gain kar ke no profit no loss par trade close kar don. Agr jayada loss ho raha ho to foran hi close kar don ga.

[chandmoon]

if i find that i open wrong trade and its just open than i close that trade.
but after making some big loss at that time i open other opposite trade.

[hamadmuneer]

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?
asal main kafi baar aisa hua hai ke galat side pe tade lag jati hia lakin phir usi waqt band karny ko be dil nahi karta hia so mainn sab se pehly yehi karta hun ke us ki oppsite side pe trade laga leta hun phir us ke bad dekhta hun ke konsi kab band karni hia

[lishader]

every transaction I use stoploss and takeprofit so it would be safe to my account when I know I has open in the wrong location, I will close that position and do not step on the market

[Rak]

agar galti se aisa ho jaye to sab se achha tarika to yehi hai ki hume usi time jitna bhi loss ho jaye use book kar ke trade ko band kar de. kyo ki agar aisa nahi kare ge to ho sakta hai ki bahut loss ho jaye or ek bar jab loss bar jata hai to feer use book karne ka man hi nahi karta. to bus jaise hi pta chale ki aap galat position pe hai use band kar do

[esif]

the wrong position of entry?
if i just opened a wrong trade, i will try for the reversal and then i will close my trade in profit, but if it is not, possible, then one should close his position as soon as it is possible, because floating loss can become more bigger..

[roopesh11]

Its very simple that i will first check the market status and if the market is in my favor then i will continue otherwise i will stop at that moment only. If we do so then we will cure from big loss. Because bad market entry is very risky thing.

[bhagawanta]

if that things happen to me i will closed imediatly and quickly Open possition again with opposite direction..so we can earn profit..if we didnt close the wrong possition,it will be a danger for us..because we never knows when the prices will go up or go down..its better if we close the possition!

[malik]

I get in to trouble before two weeks when i have to close my position in profits bunt unconsciously i clicked on the buy tab of new order ticket that was already opened. When i realized my order not closed and new order opened i just again closed that order but newly placed order went in losses without going one pip in my direction. Finally i hedged my positions that i locked and unlocked for more than one weak and closed in profits in the end.

[niks]

Same thing i apply . Its not with just Newbies , many trader do such silly mistake .
I simply go for longer term analysis , if its favor of wrongly opened trade then i hold or
else i close it min possible loss.

[alimartono]

because I am still new in forex then I did when I opened the wrong position is, ask someone more inexperienced in order to assist in problem resolution.

[jidezco1]

To me nobody is above mistake,when i realized that have place a wrong position or order the best thing for me is to close it nor matter how much have lost in my account.

[Ragiel4]

before opening a position either sell or buy, it helps us prepare two targets. The first target is how much profit we will take, and how much loss we will take. so we will be trading more calm, because if it does not comply with our analysis we should cutloss. so we are going to trade with discipline.

[hashaam]

ye ghalti mjh se aik bar nahi kaafi bar ho chuki hai iis me mera zor nahi chlta bhai ghalti se ghatl position open ho jati hai kholna EURUSD hota or GBPUSD khul jata hai phir control me nahi rrhti trade ya to thory se profit pe jaldi se close ke deta hoon ya phir thora loss me trade ko close kern perta hai...

[nabila]

Its advisable to closemouthed that trade immidiately because its ameliorate to adpressed it on added perspicacious if we keep it than may be it convey loss much than our outlook. I e'er closely my trade when i realize that i work a improper mind around substance because that ooze my tention and supply other attempt

[didikfx]

When I learned that I was wrong I did put position is seen an indicator of whether there is an opportunity to gain my position? if not I will close this position despite loss, if there is an opportunity to make a profit I would put take profit of 5 pips only. Better to lose a few of the many losses.

[sajal]

The main duty of a trader is to close the trade which he has opened in a wrong direction.But it is not possible for a emotional trader.I am new in Forex.So i can not close the trade.I wait for a moment and pray to God to change the direction of market price.If God refuses me, i make a huge loss.I have lost more than $300.

[slametzz]

if one of the steps I will wait until the position back to the point closest to the OP.
if the price of getting away then I will do cut loss to meghindari margin call.

[Gecko]

I'll leave it up to return profit. although many traders do not tolerate this kind of thing, but remember if it is then you come across a situation like this then make sure you swap your free acount

[ntoed]

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 also look for higher timeframe, if i see the trend is against my entry then i will look to my margin. i will calculate to use martingale strategy. if i dont have enough margin then i will cut my position and make new entry that follow the trend. we should have a courage to cut our loss and make a new entry with hope to recover our loss.

[hend]

if one of the steps I will wait until the position back to the point closest to the OP.
if the price of getting away then I will do cut loss to meghindari margin call.

cutloss indeed the most appropriate measures to minimize harm us when we did wrong in the open position in the trade gan. because after all we should not lose too much in a trade. if it can not use cutloss, we can use SL mounting in any position that we take. because SL will also help us to minimize the risk of loss, so we will not lose too much.

[lembutkhan]

The actions I did learn that one in doing entry position are :
1) do the analysis again, to predict price movements in the short and long term,
2) perform locking at a distance of 50 pips from the initial position,
3) to cut loss if the volume is too large.

[budado]

Without hesitation I close it. that's what I do and I don't have problem with that. What is losing 5 pips? or even 15 pips? if you will not going to loss it you can loss much bigger pips. And that's the main reason why I don't think twice. A mistake has done and the best way to correct that mistake is to removed that mistake and not to think that you can still going to earn good profit out of it. In short cut your loses and hope that you can be successful.

[moloydebnath]

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, it will loose you more pips the more you stay this position open and having a tp and sl can help but closing the trade i think will be more preferable.

[kash]

asal main kafi baar aisa hua hai ke galat side pe tade lag jati hia lakin phir usi waqt band karny ko be dil nahi karta hia so mainn sab se pehly yehi karta hun ke us ki oppsite side pe trade laga leta hun phir us ke bad dekhta hun ke konsi kab band karni hia

main ap ki baat sy bilkul agree ho kio k boahat dfafa main ghalt analyse kr k trade kr daita ho or bad main mujy afsos hota hy then us ky oposit trade krna hi us ka slution hy jo ap ko margencall lagny sy mahfoz rakhta hy is lea forex main trader ko first knowledge hona chahea k wo kea trade krny ja raha hy

[fxmoney]

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.

[BANGUN]

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

[umairsaleem]

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. So, there is no chance for me to opening a wrong position. Thanks

[chola]

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.for 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.

[ishvara]

The real thing that we are supposed to do in forex trading business if we make a wrong trade opening is to quickly close it. It is better to cut losses in forex trading business than to risk having a very big losses.

[zaish]

asal main kafi baar aisa hua hai ke galat side pe tade lag jati hia lakin phir usi waqt band karny ko be dil nahi karta hia so mainn sab se pehly yehi karta hun ke us ki oppsite side pe trade laga leta hun phir us ke bad dekhta hun ke konsi kab band karni hia

main to usi time py us ko close kr daita ho kio k ziada loss sy behter hy kam loss is lea mian apni trade ko foran hi close kr daita ho jasy hi mujy lagta hy k main ny ghaltt open krdi hy lakin ager ap is k oposit koi trade laga lo to is main bhi ap apny caoital ko safe kr sakty ho ta k ap ko next trade k lea capital ho

[diljaladj]

Normally most people let it go on as sometimes a mistake can bring profit but if you are really sure that it will bring you heavy losses than obviously you should closed it instantly to avoid further losses but from my experience i always get in profit because of such mistakes.

[truegoa]

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

That will be better for our account when we know if we need to cut our loss. Some traders just stick open their false trade and hoping the price movement will just come back to their position's direction. That will never be wise if just based on hope since that high risk to harm even destroy our account's life. Better for us to limit our loss by cut it once our trade can be analized as fail trade.

[rzza]

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?

hi,
usually the expert trader will say, cut your loss immediately.
but for me, i myself find hedging more useful.
i will let the positions floating until it's close with profit. but of course will a strong margin to back me up. if not i will certainly meet overloss account.

[zaish]

agar galti se aisa ho jaye to sab se achha tarika to yehi hai ki hume usi time jitna bhi loss ho jaye use book kar ke trade ko band kar de. kyo ki agar aisa nahi kare ge to ho sakta hai ki bahut loss ho jaye or ek bar jab loss bar jata hai to feer use book karne ka man hi nahi karta. to bus jaise hi pta chale ki aap galat position pe hai use band kar do

main to trade ko ager wrong kr do to usi time py us ko opsiyt lmain trade laga daita ho jis sy mujy kam loss hota hy othewise is main trader apna kemti capital loss kr daita hy or forex main wohi trader successful hy jo is main capital ko sahi manage krta hy is lea koi bhi trade soch samj k legani chahea

[joya]

it will be done with me when i am not analyze the market and put a trading order and at this position i want to putt the take profit and stop loss and more chances to close it because i loss is small then i can recover and if the margin call is act then i can not do nothing

[forexlearn]

I am dong when I know that just open a wrong position of Entry. Then I want same volume make a open a trade opposite site. How long time that position not coming to same trend that time I waiting for that. After that close one side to come to the nearest to my open entry. I am using in this way.:):):)

[lulu50]

you immidietly close it because you are not able to understand what its all about. when you lose like 4 to 10pips you just avoid losing alot of mme and your traing margin is intact. you are able to understand everythn. these is forex and you can make alot from it.

[azez]

it is a bad luck and the other reason is here to be trade with out analyze and in this position i decided to stop this order on small loss because in next hour with analyze i can recover it and a big loss is very hard to recover

[joya]

its done when i trade with out analyzing and this is very bad luck for me and when it is i tried to use the stop loss strategy for to save my account butt if will not then i want to close my trade on small loss because i can recover it

[truegoa]

it is a bad luck and the other reason is here to be trade with out analyze and in this position i decided to stop this order on small loss because in next hour with analyze i can recover it and a big loss is very hard to recover

If I were you, I will not immidiately close my position. I will just doing some proper analysis to predict what will actually going on to the market and decide anything based on that. If I have to close my false trade, than I will just use stop loss with good strict risk management for sure. And, if I should close it manually, then I will just try to limit my loss as little as possible.

[emir]

the truth is difficult to make a decision whether we take the position that is right or wrong. Many traders in the face of negative floating point 10-15 judge was wrong immediately and do cut loss position. But there is also a loss to choose to maintain over 100 points before deciding to cutloss and reverse positions.

[bluesky242]

sab se behtareen tareeqa to ye he k aap dicipline se trade karain. wrong entry se bachain laiken ager phir b aap se koi wrong trade ho jay to behter he k thorha lossle k bahir aa jain warna ye ziada loss ka sabab b ban sakta he.

[hendarto]

better to cut loss, because we went in the wrong position, and loss of time away was very difficult to manage your losses so use the stop loss to be better to avoid the loss. despite a loss, it takes courage and mentally to perform actions cut loss.

[erkin]

its done when i trade with out analyzing and this is very bad luck for me and when it is i tried to use the stop loss strategy for to save my account butt if will not then i want to close my trade on small loss because i can recover it
Well as long as its in demo acc its just fine.but we trade should develop a good trading tips that will help on trading forex profitable. We have to follow the trading rules because its can help us.

[lovingfx11]

Currencies are traded on a price and point or pip system. Each currency pair has its own pip value. When seeing a Forex price quote, you see something listed like this:Euro/USD 1.2210/13Explanation:If you want to purchase Euro/USD meaning, you buy $100,000 Euros and sell US$ 122,130.

[marsya]

If I were you, I will not immidiately close my position. I will just doing some proper analysis to predict what will actually going on to the market and decide anything based on that. If I have to close my false trade, than I will just use stop loss with good strict risk management for sure. And, if I should close it manually, then I will just try to limit my loss as little as possible.
I always doing like that but still doing forex because I think the income from forex is still not enough for my future that's why I still working in other business to get more money for my future. Maybe someday if my forex profit is already big, it may enough for my living spent

[real pips]

wrong position often come to newbie in trading. In the past i made many mistakes by position. whenever i get in market with wrong position, immediately i close the orders for protect my account from more loss.

[zahidrock]

when i place a trade and i notice that this trade that i place is a wrong trade i will close it back,i do not like to wast my time on a wrong trade this has affect me many times and i believe the best thing is to stop that trade before it eat away my money

Yes most of the trader do this and another trader like to wait for coming back. But i think it is better to use stop loss point. Because this market move with dynamic style. So if you put stop loss with your risk management then you can back your profit from your order.

[maaado]

you used always place his stop loss and take profit then there is nothing to worry
but if you are very sure that it is totally wrong position then
the best way is to quit from it very fast and place another order to opposite direction.

[malkoumx]

This happens to us sometimes, Maybe we should take a good strategy in mind so that we can access good, and before that you must gather a lot of information and technical analysis, which allow us to take the right decision.
We must try tirelessly so that we can reach our goals ruler.

[malik]

Aik trader kay liye wrong position khol lena koi baree baat naheen hay, lakin aap ko choty loss say ghbarna naheen chahiye agar aap ko loss ho hi jata hay kisi wajha say to aap apny loss ko cut karo aur barry loss say bacho isi main samjhdaree hay,

[sayem]

Main aapke batose puri tarha sehmat hoo. koi bhe wrong position open kar sakte hay galti sehe sahi leken ye savabik hay. kash kar newbies ye galtia bohot karte hay or nuksan bhe. unhe trade close karna chahiye or aagar risk bohot kam hay to intezaar bhe kar sakte hay sahi time aneka.

[saim]

yes bro it can be done butt it is the reason we can not analyze the market with concentration and out a order on the wrong side then it will be the hard for us and we can not do any thing to got profit butt we can save our account from the margin call and we should be close our entry on small loss

[imran4u]

Sometime it happens when you are in a big pressure on forex trading, so at that moment I suggest to close the position to be safe from more lose from the expectation.

[mizishab]

a while currency dealing stress or reduction happen in dealing or any other action due to which we joined at wrong position and go in reduction that period is very difficult to handle your reduction so use stop-loss for better to prevent big reduction.that your information also help you if you have information about dealing.

[singh adnan]

If I know that my open trade is wrong, I will close it and cut my loss as fast as possible. Dont burn your trade with a loss trade and hoping for a retrace or reversal. Your trade become minus means your analysis is fail, receive it, take it, and learn. I wrote and printed my open trade everyday and make a trading journal.

[deka14]

I am dong when I know that just open a wrong position of Entry. Then I want same volume make a open a trade opposite site. How long time that position not coming to same trend that time I waiting for that. After that close one side to come to the nearest to my open entry. I am using in this way.

[Khan Mustafiz]

I always tried to self-discipline. I always put a take benefit and stop-loss at the starting of business. with bagitu, even though the cost goes against the place, the decrease according to that we put sl. This is the chance of currency trading. we should be able to agree to it.

[boniez]

as long you realized about the profit then you must do cut loss as fast as you can, but i can wait also to depend on luck if my lose trade becomes a profitable trade.But i think we have to decide our bad trade in very few times.

[lakji]

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

[tanvir1979]

thanks for your nice and clear discussion. I am a new trader in this track. I am agree with you if we open a wrong position taking the loss and close the position which prevent more losses for opening a wrong position.

[bhagawanta]

when the movement is goes to the opposite way of my possition..i will waitt the movement for a while to makes sure that movement will continued in opposite eays or will go back,and if the movement is continue to my oppositing my possition,i will close the trade and open new possition that the same with the movement with bigger lott!!

[cyberjobz]

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?

my dear friend mere khaayal main ager hum ghalat trade open kar lain to humain chahaiye k hum os trade ko band nahi karain balkay os k profit honay tak ka intazar karain kiun k market up down hoti rahti hai

[farooq]

if i put the wrong entry and its goes my capital to the loss direction then mostly i closed my trade to save my account from the margin call and bear the small loss from my trades

[kash]

i think that when make the mistake in trade then we see the points if the point is gone wrong side then you stop your trade because if you never stop this then you gain the big loss from here so if you are the trader then you this thing

[zaish]

yes bro it was very bad for because the trade will not goes on our according think do mind so we should must be analyze the market before to start the trade and in this way we can got much knowledge and when we were know about our wrong position the we should be stop our trade on small loss

[challenger ab]

if my trade show wrong and start to make loss floating im try to study all the point in the market to put another support trade to reduce the losing or make my loss zero but it need good indicator and need good manage to not increase the loss

[fibo]

if my trade show wrong and start to make loss floating im try to study all the point in the market to put another support trade to reduce the losing or make my loss zero but it need good indicator and need good manage to not increase the loss
in addition to learning from the best books for us to learn is to learn from our own trade, so that way we will have the opportunity to learn directly how to do the akita can trade when you trade it wrong

[marsya]

in addition to learning from the best books for us to learn is to learn from our own trade, so that way we will have the opportunity to learn directly how to do the akita can trade when you trade it wrong
there is always profit from trading anything ; its just about following the traffic rules and keeping a good discipline ; something that we are taught in school as the very basics a good discipline and this helps us in life in every field even forex

[fxmoney]

It is always better to get the small loss than the bigger loss. so if you think that it will not come in the profit at any time then you must have to close your trade at that time. so that you will prevent your capital from blow. This is what called as perfect money management in the mistakes also.

[Nokiabangla]

if i can realize that my place is incorrect and there are very few drops in my consideration then i will near it.But i can delay also to rely on fortune if my reduce business becomes a successful business.But i think we have to choose our bad business in very few periods or we have to deal with large reduce.

[CreolaPitaj]

Most new traders always want to start out with the best and most complicated trading plan around. The honest truth is that the simplest plans are usually the best plans to use. Though of course applying a simple plan to a complicated market is not an easy task at all! In fact that's why every month you can see new plans being offered online to new traders. The sad thing is that these new traders are headed of the pits if they buy and practice these plans. So what's your trading plan? Do you have one at all?

Well if you are looking for a simple trading plan there are many plans available in the market. Over here I would like share with you a simple plan that is pretty practical and yet at the same time it will help to prevent all the "noise" you get in the market.

[yudijoni]

The simple trick is if one position in EUR / USD and GBP / USD
This simple trick I see from the chart the movement of trading EUR / USD and GBP / USD likely to agan just learning (I also just learning forex trading) could be a little help:
1. The movement is almost the same trading EUR / USD and GBP / USD
2. benefit / profit with the same movement
3. simply on scene yes:
If I doubt / confusion usually leads to one of the OP for example SELL EUR / USD normally I do take BUY position on GBP / USD (and vice versa)

[arami]

I opened with just $100 and the profits I made in just 30 days of trading. ... As you can see you can start trading forex with just $100 or $1000 and build it up ... but I certainly do and there's no better place to test my skills than on the most

[uptrendmen]

In my oppinion, many traders here will say you that they lose immidiately to avoid losing but to me i will still keep that oder, one reason for hoping reversal and another for knowing how i am wrong to learn more from loss.

[SeoHyun]

Most new traders always want to start out with the best and most complicated trading plan around. The honest truth is that the simplest plans are usually the best plans to use. Though of course applying a simple plan to a complicated market is not an easy task at all! In fact that's why every month you can see new plans being offered online to new traders. The sad thing is that these new traders are headed of the pits if they buy and practice these plans. So what's your trading plan? Do you have one at all?

Well if you are looking for a simple trading plan there are many plans available in the market. Over here I would like share with you a simple plan that is pretty practical and yet at the same time it will help to prevent all the "noise" you get in the market.

I think I will consider cut loss as my option when I take wrong open positions, but if I think maybe in the next day price will move back into my take profits directions, I will consider to hold my open positions any longer. So I can make that floating minus changes to floating plus :)

[BANGUN]

I think I will consider cut loss as my option when I take wrong open positions, but if I think maybe in the next day price will move back into my take profits directions, I will consider to hold my open positions any longer. So I can make that floating minus changes to floating plus :)

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

[frok]

yes bro it can be done and that time should be plan a good for handle this and i think it can be done that time when we were not do trade with full confident and we can be good in our trade so we should must be got the knowledge about the Forex for the best trade and for got the more and more money

[frok]

yes bro it can be done by the traders because it is so quick move of market and we can not imagine correctly some time how market will work so at that position it is difficult to find a safe way so we should must be try our best to find a good way at that time and in my point of view we should must be close the trade on small lose

[Java Trader]

I differ with you guys. if i open positions however wrong, will I be cutt loss. but if before I place a stop loss, then will I let it touch the Stop Loss. Stop Loss usual I put on about 50 pips. I think using SL every open position to reduce the risk of losing money in large numbers.

[bhagawanta]

yup!using SL is the best strategy to avoiding the big losses..its an efective strategy thats not makes us doubt to do the cut loss when trading..but,if i got wrong placing order,i will chase the movements if my equity is strong enough,but if my equity is low i will do the cut loss and close my trades!goodluck!

[ahadbd]

If i know thad i have opened a wrong position, i will close the position and open a new position. It is better to loss small than a lot.

[johntra]

Conducting Open Price had to be based on the right reasons if we make a deal, that if we are wrong or price analysis does not correspond to the first analysis we so know the right moment to use Stop Loss or to cut loss.

[fxmoney]

I differ with you guys. if i open positions however wrong, will I be cutt loss. but if before I place a stop loss, then will I let it touch the Stop Loss. Stop Loss usual I put on about 50 pips. I think using SL every open position to reduce the risk of losing money in large numbers.
Yes when you take the trade in the opposite side then you must have to close it early as it will be closed at low loss but if you wait and the pair agin moved opposite then you have to suffer from huge loss from that bad trade.

[sayem]

ya this is a good think. i agree with you that this is better to loss small then huge. actually we should analysis perfectly then start trading. we should focus and very alert for trading time specially when we open any positions. Forex is speedy market so loss can be huge in a moment.

[hemi]

yes this the bad situation but mostly i close the position with the some loss but some times it gone the last limit of my capital margin and i got the margin call so badly

[himelbf]

If we come to know instantly that the place is incorrect then we should near it right away to secure or prevent large failures that might occur due to the incorrect business and ending instantly will not cause to more reduction and then we can re evaluate the marketplaces or start the business in right route.

[cmenk]

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?


Greetings my
I think my time alone, too, sometimes even up to now are still like you, but my suggestion maybe you can start to learn to analyze the movement of trade now or will happen with the right strategy for you, eventually you will understand open position right in the area where ....

[mohamed4]

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?

The key to avoid falling into the trap of forks is a discipline, Forex has no similar stalking games, so that this method worked once, but the odds aren't in your favor, and which always happens, is simply that you will back off.
:respect::respect::yahoo:

[rahim]

There are many things that a trader can do wrong, but some are worse than others and can even reduce or make you lose all of your profits. Some of them are common mistakes that stand out like a sore thumb, other are silent killers. Be they glaring mistakes or silent ones, they contribute to your losses ultimately. Here are the top 3 worse habits that kill a trade:

First is the emotional trader, when ever the trade starts to turn against this trader, the emotional trader lets lose all feelings. I am not talking about weeping and wringing of hands instead this trader would be angry, hurt and scared. Should the trade lose there is a high possibility that the second trade would not follow the money management rules or the trading plan. Or if the trade goes so badly, the trader refuses to cut losses and run, instead the trader would stoically look as the trade hits the stop loss. Loyalty is all well and good, but sticking to your guns when the trade dies is a little too extreme, do that often enough and it hastens the death of your account. Every pip adds up you know.

[seri]

If I know if my current position is wrong so I will cut it loss as soon as possible because it's no need to keep floating minus too long. If I know the price has tendency to move in opposite direction from my open position, I should against it because there is rule if good trader should follow the market and he shouldn't against it because it's easier and safer to follow the market.

[nahidahasan]

I will seriously close it as soon as possible. Actually i am also a newbie and learning Forex from different websites.

[Limau89]

the big mistake........is hasty....But i can wait ..............also to depend on luck if my lose trade becomes a profitable trade............when we have taken the wrong position in the market then most of the time it is better to close that position as early as possible try to close that position...............But i think we have to decide our bad trade in very few times or we have to face huge lose

[ctgboy]

It's my job to tested out so that you can training. It's my job to decide to put your bring gain and stop great loss at the beginning with commerce. by using bagitu, even if the amount steps with the posture, losing in agreement with that him and i decide to put sl. It is a probability with foreign currency. most people will admit them.

[azharfx2]

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.

[kaushal4]

I close the position with the some loss but some times it gone the last limit of my capital margin. I think maybe in the next day price will move back into my take profits directions i will consider to hold my open positions any longer.

[mmja2003]

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.

In my case, after opening a position when I see that market goes opposite to me than I decide like you. But most of the cases I lost all the money from my balance. But when I make target of 5% loss and close the trend I saw that I can sustain in trading with my balance for long. It happened because my investment was too small that I my balance became zero. That's why I changed my strategy in such case.

[venus]

In my case, after opening a position when I see that market goes opposite to me than I decide like you. But most of the cases I lost all the money from my balance. But when I make target of 5% loss and close the trend I saw that I can sustain in trading with my balance for long. It happened because my investment was too small that I my balance became zero. That's why I changed my strategy in such case.

If you don't want to lose all of your funds so it's important to limit loss so it won't make you suffer loss more than you can afford to take. There is no one who can know for sure if current position was wrong but if you're sure if current position is not right so it's better cut loss it and if it is possible switch to another direction.

[agitiga]

If you have a little loss to handle with such a mistake, I will advise that the person should close the position entirely from the loss. But if it is a loss that will reflect on the account, you just have to hedge the account

[fxforlife]

i just open a position but i see it is wrong decision, i will cancel it fast so that i do not make more mistake when i wait for it go in reversal to trend i follow. i will wait for other entries confirm.

[bhagawanta]

its deppend on the character of each traders and the condition of his equity..what i mean is,maybe the trader want to fight by chase the price because he has a big equity,but thera are a trader will close the orders before the loss getting bigger because they dont have enough equity to hold and fight the trades!

[m1ndsrokk]

i just open a position but i see it is wrong decision, i will cancel it fast so that i do not make more mistake when i wait for it go in reversal to trend i follow. i will wait for other entries confirm.

yes thats alright...we no need to bear our error in analyzing that will make us to get margin call...so take remedial measure early and go to right direction then...thats was the right step...never wait until the trend follow our trading that was foolish

[vc2204]

When I realized that I was wrong in the open position, I would immediately cut loss, regardless. Because for me the sooner the better to make a cut loss. For too long if left unchecked, will lead to greater losses .. and we will be confused to do anything ..

[nkem]

when i open a wrong position of entry maybe due to carelessness, i just close it immediately if i did so with a big lot size so that i do not lose my account or suffer great loss but if its with a small lot, i may let it run but with a very tight stop loss.

[sarwina90]

what I do when my open positions are pursuing a strategy of hedging. still we have to do every trading is to use stop loss so as not to swell our losses and burdening trading accounts we have.

[zahidrock]

I close the position with the some loss but some times it gone the last limit of my capital margin. I think maybe in the next day price will move back into my take profits directions i will consider to hold my open positions any longer.

I think every trader need to do this when they get the correct information about the current market. If you close with few losses and open with the right position then you can easily cover that losses.

[Chelsea91]

i will close it at once as i prefer to lose the spread value than losing large amount of money due to wrong entry, as the spread can be recovered easily if we make winning positions after that instead of having losing position for long time waiting for it to get the entry point to close it

[pooshpa]

what will you do when you know that you open wrong main to asi sorat main trade ko close krta ho or is main ziada apny cappiatal ko safe krta ho or main koshish krta ho k main stop loss ki strategy ko use krta ho jis sy mujhy is main capital ko safe krny main help milti hy

[s3pta]

when we know that it has opened the wrong position, then one of the possible step right thing to do is as soon as possible to close the wrong position so that loss will be reduced. and go straight to the right position in the direction of price movement ..

[ObaFX]

well that is a really silly mistake that shows how emotionally attached you are to trading at that particular time or how hurry you are to jump into a trade but nevertheless you should just close out the position immediately.

[Ryad]

As for me, I usually tighten my stop loss and I place my take profit at my entry of the trade.. At least I am happy to get out of the market with 0 pip rather than losing 15 pips.. As I was corrected by the market in the past, my experience plays a great role for me.. A fruit is plucked after years of patience giving the plant water..

[dareking]

Bhai pahli baat to itni jaldi pata nahi chalta hai, ki humari trade sahi hai ya fir galat, hum apni tarah se apni analysis ke anusar sahi trade open karte hai, agar market humare against jane lag jaye, tab hume trade ko loss mein band kar dena chahiye, aur fir us waqt trade nahi karna chahiye.:D

[FREEDOM]

If i think i just make a wrong entry then i will close it immediately and rather to spend 3 pips for the spread cost. Then make re-analysis and waiting for another chance for entry. I think patient is very importance for waiting the entry momentum.

[naziakhan]

Bhai pahli baat to itni jaldi pata nahi chalta hai, ki humari trade sahi hai ya fir galat, hum apni tarah se apni analysis ke anusar sahi trade open karte hai, agar market humare against jane lag jaye, tab hume trade ko loss mein band kar dena chahiye, aur fir us waqt trade nahi karna chahiye.:D

han bhai ap na bilkul thk kaha hai.kuch traders sochtay hain k hamain loss ma trade open nh karni or esi wajha sa wo buhat hi zaida loss kar daitay hain .agar ap ko lagay k ap ki analysis galat hai tu ap ko trade ko loss ma hi close kar dana cahiyay.:D

[zaine]

i think when i open the bad trade the i use the strategy of stop loss because if you gone in loss then it is automatically close and if i gone in profit so the trade is carry on and i get the profit from this trade it is not the big problem

[manav14386]

jab hume pata chale ki humne wrong entry open kardi hai tou hum kuch nahi kar sakte jab tak hamara woi point na aajaye jis rate par humne entry open ki hai agar jada lot kare hai tou hume koshish karni chahiye jaldi se jaldi usse close karde..

[nsr.sultana]

I consent with what you published. When i start a incorrect place, the best to do to prevent dropping my money is by ending the place. We need to prevent this type of scenario by making sure we analyze the market effectively.

[atjashim]

Its very easy that i will first examine the industry position and if the industry is in my benefit then i will proceed otherwise i will quit at that time only. If we do so then we will treat from big reduction. Because bad industry access is very dangerous factor.

[casiotab]

I'll keep it up to come back benefit. although many investors do not accept this type of factor, but keep in mind if it is then you come across a scenario like this then create sure you exchange your no cost account.

[budado]

First thing I do is close it. I don't mind losing some 5 pips more or less. Its a mistake so I close it immediately. I don't recommend that we going to spend more time trading and hoping that we can make money out of it. Me I have more than 300 open position and more than 200 pending orders in my six active accounts. So making one or two mistake position does not make me feel bad at all. Beside once I close it I can move on and focus more on my strategies. And those loss pips I can earn it back and even earn more in the end of the day.

[yudijoni]

First thing I do is close it. I don't mind losing some 5 pips more or less. Its a mistake so I close it immediately. I don't recommend that we going to spend more time trading and hoping that we can make money out of it. Me I have more than 300 open position and more than 200 pending orders in my six active accounts. So making one or two mistake position does not make me feel bad at all. Beside once I close it I can move on and focus more on my strategies. And those loss pips I can earn it back and even earn more in the end of the day.
wow, 200-300 open position? How you do that? Is It manual or using EA?

[zihan6500]

When we will unconsciously open a order and market goes against our order,we should not close the order immediately.Because market may turn back within a very short time.So if we have good balance then we can hold that position for long time,but a small trade should not take any high risk.

[eng2012]

I think that if we signed in this matter is that we are closing the deal directly studying the situation closely so that we can achieve profit easily and get to success in trading with ease

[saad]

When i open any wrong position i just make i closed if there is less loss, i quickly try to handle it and make it clear at the spot, as it can make us loss all the money as wrong positions can really hurt our accounts.

[juned]

If this happened to my trading position then I would immediately change the direction of my position, because if I leave one in a state then surely I would lose a lot of very, very strong, and I tend not to notice when my account losses