well actually I believe it is better if we avoid seeing the charts always after placing our orders on the market.If we keep on staring on the charts then due to fear of loosing the position we may close the position which may in turn into a profitable one. or we may manipulate the tp and sl eventually resulting in loss.
Ess business me market ko dekhna bahut jaroori hoti hai agar aap ko market me sahi entry leni hai aur order open karne ke baad bhi trader market ko dekhte rahte hai ki kab sahi exit ess business me mil jaaye tabhi trader ess business me achha kar sakte hai.
agar aap sure hain ki apka strategy sahi hai aur analysis us se jo aap karte hain wo bhi sahi hai to aap market me tp laga kar chod sakte hain par agar bharosa nahi hai to dekh sakte hain thoda bhi profit me aae to close kar ke nikal jae.
Yes, of course when the position is open then to view the market on continuous manner to avoid a loss but if you define your loss limit then also able to protect your self from a big loss and you will stay long time in the forex trading market .
My dear friend there are need to watch to your open position in forex market .if you not watch your open position then you can go on big loss .to avoid from big loss you should use stop loss in forex market .you also use take profit in forex market.
Hamare paas me kai tarah ke options hote hain ki hame kaun si waali strategy ko use karke apni trading ko karna hoga. Ham bhi jante hain ki kai baar hamari trading ki strategy fail ho jaati hai jiski waja hse hame losses uthane pad jaate hain.Quote:
Originally Posted by asingh601
i think that if trader if don't set the stop loss they must always watch their open positions to know that if their opsition don't go to loss so trader must use a good money management with stop loss and take profit
Certainly that there's nothing ore boring than looking at the charts 13 hours a day and watching price move . i know that what many newbies do but its just too as a tiring . its best to just look at your r:r and practice proper risk management and then put the trade on and ;eave the monitored !!!
dear bro I believe forex trading main apni trades open kar chuky hain humain apni trades par nazar rakhni chahie tak ap ko market bi analysis kar sakto. Ager ap ki trade loss main jati hay to ap ko chahie kay ap stop loss ko activate kar do jis say ap big losss nahi karo gay.
There are some traders who go on fore about 7-10 years with single trade too. And there are some who stick with the trade just for few minutes settlin this is not a good idea if you can't watch market for long or you wanna kill your account yurself .