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

Yes, traders should watch their open position to see whether their trades are going to the loss or profit.If you are in a loss, you should use stop loss if you have not set it.If your trade is ina profit, you should close it and open another trade.Thus you should observe market and take decision.You should be careful about your opened trade

stop loss is very important to limit your trading losses. but there are also traders who do not use stop loss but using a cut losses to limit any losses. but often traders caught in a dilemma cut loss. want to close the existing loss but still expects prices to rise again but the end that there is a prolonged lose.

as long as we can still monitor the monitor, stop loss can also manually we use, the important thing here we have to know when the price moves not in accordance with our initial analysis, we need to know to which extent the resilience of our pips.

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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?

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hi, i don't think so every time you should saty on your pc to watch what happening in market better use stop loss or take profit tools for getting profit.most of time on pc its very difficult to every one.people always use stop loss and take profit and due to these special tools they earn profit and away from big loss. Think you

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Originally Posted by hiba

hi, i don't think so every time you should saty on your pc to watch what happening in market better use stop loss or take profit tools for getting profit.most of time on pc its very difficult to every one.people always use stop loss and take profit and due to these special tools they earn profit and away from big loss. Think you

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if we do not want to always keep an eye on our trade unions could use the facilities and SL if you ask me to trade does not need to be complicated because it is very simple to do that is important in my opinion we should have a good trading skill.

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Originally Posted by Sri Hartono

as long as we can still monitor the monitor, stop loss can also manually we use, the important thing here we have to know when the price moves not in accordance with our initial analysis, we need to know to which extent the resilience of our pips.

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although trending market position, our indicator work in accordance with our analysis but we still have to know the last price fx because many factors affect the price of which speculators and traders sentiment that we do not expect

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Originally Posted by Sri Hartono

as long as we can still monitor the monitor, stop loss can also manually we use, the important thing here we have to know when the price moves not in accordance with our initial analysis, we need to know to which extent the resilience of our pips.

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I think it's bad idea to set Stop Loss manually, it's better to set it and then if it's needed then it's possible to cut loss manually.
But in the first time, there must be stop loss point to limit losses if there is sudden movement which we didn't predict it in the
first time of analysis. It won't bring trader to suffer big lost or Margin Call.

I think it is not mandatory to watch your positions and it would be fine if you set right stop loss and target, this depend on your right analyse, if you arenot sure it is better to keep an eye. Yes if you trade like scalpers you need to be active and watch your positions.

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Originally Posted by prabhashxsp

ya as i am a newbie i don't have that much experiance to give advice . mai manta hu ki humai always open position dekhna padaiga kyu ki forex mai bahut jaldi trend change hojata hai aur pata bhi nahi chalta . as i have observed ki hamesha open position pai nazar rakhni chahiye

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There are some traders who go on about 5-10 years before the trade as one. And there are those who stick with the trade for just a few minutes of settling for 3-5 pips. So what do we need to do exactly?

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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?

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its depends on the you, so if you are a trader that can control his emotions and you can control yourself even if your open position is near of your stop loss, so I advice you to stay in front of your screen. i hope its will give you good result.