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Well this entirely depends upon the market scenario and our equity. If the equity is obtaining lower and lower and that we face call then higher to hedge the trade. If we've got additional free margin and its a artefact commerce then holding the position would facilitate provided we tend to square measure on the future market sentiment.
If i get statesman then 300$ decline so i deprivation to cease the occupation and do not use trading again and again i know honorable unwind for whatever life and originate backward in trading after both repose..
it'll perpetually rely upon the margin you have got, if you do in fact have a little over enough specifically for your own personal trade toswing around in these market, i create certain that i utilize a sensible number of margin and that i regulate it using leverage. leverage can perpetually facilitate your account management.
u should tell usd34o corresponding to what share individuals equity. if it a little over 10% i feel u should shut it or u do hedging and wait the instant of chance out to shut with minimum lose. hedging is purchase opening oposing position if you do in fact purchase before currently u gonna sell in oder out to heedging out to limit u losess.
of course you have to close it my friend and there is no doubt about that point so if i were you i will close if and start again
volume and equity ought to be balanced if you really wish longer and trade with smart analysis can receive the balance of and this is valuable if you really succeed at forex
Actually it depends on your lot size if your lot was 1.00 then its a huge loss but still if you don't have a big investment then you should not open a high level lot size because it's dangerous for your equity.
i feel it's rely upon my capital and also the currency trend line. if my capital is 100000 i feel this loss is extremely small on behalf of me therefore i will be able to not shut. however i feel any one won't take this high risk with small capital. however in the event the trend line state that my trade was absolutely wrong and if i lie in this situation then i will be able to loss a lot of then i will be able to stop my trade.
My recommendation would be that. If your thoughts are double minded then you should go for reverse trade. Hedge your current position to bring your loss in a predictable and rational line. It might happen that trend start to go more down. Then hedging will help you to lessen the impact.
You can become best trader in forex market by getting knowledge about forex and after doing good practice in demo account and getting control on your emotions... Criteria for the best trader depends on the target of each trader. When a trader managed to achieve their profit targets that have been set, then it is the best trader for himself.Quote:
Originally Posted by bigearners