Jab me open trading to bareme confident hota hu main tab isko watch na karne ka risk le leta hu, par yeh jaruri nahi to hum so that trade ko watch na kare to usme loss hi higa. In order to trade hamara oak daum at the start of aegy start to sath hua ho to aise my trade fortunately bhi hita hai, jo ki maine kahi bar kiya hai. Trader par ko apne opened my trade stop loss and took advantage of lagana chahiye jarur.
Of course you don't have to do that only if you are worried about your trade and ensure that the price will reach your limited target and at the same time make a stop loss suitable for your trade and important things that are appropriate for the amount of your account balance, and make sure the opportunity in forex keeps repeating so don't rush. and i don't really agree that we don't have to watch our open trades all we need to do is to see that we use proper money management and also use stop loss so we can always trade with our minds at rest and also trade without emotion really goes a long way that's what i think is the best way
I usually leave my trade open because I can't control my emotions well. I can stay ahead of my metatrader and see the price tick tick tick. But I never left it without stopping. Leaving your trade open without stop loss is a very big mistake. To take advantage, sometimes I don't use it, as long as I don't get enough losses, because my main purpose is not to make a profit, but to save my money.
You do not have to do this, it is better to set take profit and stop loss in trading and leave the position to avoid the emotional effects of trading, because sometimes positions are floating in a minus in the market then turn to get your profit and although using the same program is different of any transaction, there must be some type of transaction with a long time tram, or even brokers who always make changes to programs that have been made by others to suit him but would be better.
When a forex trader opens an agreement it is to find out what the purpose of this transaction is and this he knows from market analysis and it places the target of the agreement and waits to see the outcome of the deal, but you wait for a computer screen, of course, not only when he puts the purpose of the deal that, he uses whatever is called a stop loss that if the price rebounds and loses the deal it closes at a prescribed prescription so only I suggest you learn a little.
I don't get the need to monitor our trade for protracted times as we like white MMs and accident victims. Most traders deteriorate greatly without using departure take, and many beginners tend to abstain from cerebration if the toll will levy the rebound side from there and so on. This isn't fun anymore, or you want to negative your own relationship. and After knowing how to use stop loss and take profits very well, then we don't need to watch our char or commands all the time. Let the market decide whether to reach stop loss or take profits.
yeah right, stop loss is indeed an important part of our trading to limit losses. if we cannot monitor our position in trading, we can use stop losses to limit losses, if we are wrong in analyzing the market. but if we can monitor our position, I think that's better. because we will also learn to think and make the right decisions for our position in market movements. and there are traders who go ahead about 5-10 old grandfathers with swap zygotes too. And there is anything that utilizes the exact change for some transactions to subside for 3-5 pips. So what do we have to do to impoverish it?
to become mentally healthy again after being exposed to MCs I think it will help if we pause for a moment from trading names, so refresh our minds. Don't rush to open another account and deposit again. The luggage on Myspace wants revenge and is careless in the position to execute. and this happened because they didn't follow the news. This is a very bad idea. trade with news. understand it, learn when to close your trade. no need to trade all day and only one trade. don't sleep with open trade. it will give you big loose. sometimes you can make a lot but it's not certain.
yes it is true that excessive trading gives us losses because we enter the market all day whether the market is good or not so we can enter at bad times and bad turning points and lose a lot of money. so we have to concentrate to get into good points and good trends to see our profits quickly, but if we trade excessively, we will make bad trades and lose
I came to the night trading platform after completing all the work needed on that day and tried to stay on the trading platform when trading was open. In an emergency if I have to go, I always close orders because if I don't the market situation might get very bad and at that time I might have to face a big loss or wait too long to get a better situation. So it's better to close the order even though the trader may have to accept some losses.