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

Right it's no need to worry about it if you have used good money management to limit your losses. So it is no need to keep on watching chart and there is very less danger of margin call so we can put stop loss and take profit and no need to monitor if we have that.

Traders who go on for 5 - 10 years for a single trade ? Are you sure you know what you are talking about. It is a huge time and no trader would do any such trade where he needs to wait for so many years for result . Think before you write something mate .

If our analysis is not good and the trade is wrong or bad and if stop loss is in place it will also close the trade automatically and we need not monitor our trades.It is only when there is no stop loss in place monitoring is required.

Quote:

---

Originally Posted by Jazpa

I forgot to close my trade and very next day I did not get any chance to view my trade. And later when I got to my trade all my money was gone. If I had been there keeping constant eye upon the trade, perhaps I will not be broke. So what do you all do? When you have to go for any urgent jobs, would you leave the trade open?

---

indeed for all of us have to be careful and disciplined so that we avoid such, if I'm still in the trade and open position and when I lived for a business then I put a stop loss and take profit to avoid a loss if we lose a lot of

I know it is not always easy, but with determination and resolution, a trader can make it. Hence, if one wants to trade in a way that trading will become a fun to him, his psychology for trading will matter a lot in that respect.

I have made a plan for my trading and always put the stop loss and take profit for every position ..
so, I don't need to always look at my open position and can perform other activities

Monitoring trades are bast part of trading. cause everytime there is movements in forex. Sometimes positive and sometimes negative. But to avoid the negative movements you should monitor the trades to increase your profits.

Bohat say logon ka yeh kehna hai k humain apni position ko chor kar nahi jana chahiye agar hum watch nahi krain gye to market ka pata nahi chalta k kab trend change ho jye main yeh samajhta hon k agar app ki study analysis achay hain or app ko khud par bharosa ho k app aik achy trader hain to app apni position ko leave kar sakty hain.

han han ye to lazmi ha kioun app ko pata to ha k forex ka koi aetbar nahi ha kisi wqt ye app ko full profit main le kar ja rahi hooti ha or phr achanak app dekhtey ho to app loss mai hotey ho es liye main to app ko yahi kahoun ga k app thurri thurri der bad apni open trade ko dekhtey raha karen

I don't find a necessity of monitoring our trades always as long as we have a good MM and a stop loss . most traders lose big without using a stop loss , and many beginners tend to avoid it thinking of if the price would just bounce back from there and so . this is not a good idea if you can't watch market for long , or you wanna kill your account yurself .