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

hello friend u think if you use stop los and take profit option then noeed to check your open trade evey time

Watching our trades is a good idea as then we can take right action if needed and can save our account from being losses, even if my trades are in losses i trade some time to bring down the losses and succeed in doing so often.

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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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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 .

trader must be able to pay attention to the position they have in trading, and if we can avoid even greater losses, in the position we have, then we should be able to perform appropriate actions in the transaction ..

aesa nae hota aur ye lazmi bhi nae hay kay aesa ho. aap ko trading may jaisay jaisay experience aata jata hay waisay waisay aap aik achay trader bantay jaatay hain. iss liay ye stop loss ka use kerna safety kay liay bhohot lazmi hay.

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Originally Posted by sathivai

hello friend u think if you use stop los and take profit option then noeed to check your open trade evey time

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Absolutely right! We can just set our stop and our target then we can go somewhere to do another enjoyable activities. Better if we just use
our other time to do something else to help us have less tension mind and mood. Do never bother your selves to starring at your screen
everytimes or else you will be much stressful.

It is why people using stop loss and take profit order. With these two option, you don't need to watch out your position all day and you can do other things, such as analyze other pairs of currency.

yea I think so that if we can not see the clear picutre of the market then we should see the positions so that the market should not come back and we should not lose the money if the market is not so well.

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Originally Posted by m520i

It is why people using stop loss and take profit order. With these two option, you don't need to watch out your position all day and you can do other things, such as analyze other pairs of currency.

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yes aane ekdum sahi suggestion btaea he ,agar hmm apna position nahi dekh sakte to hmme uske bcha ke lie pehle se hi stop lose and take profit use karna chahie ta ke hmm ek galti ke sath apna sara profit lose na kar bethe

well buddy that is why the things like stop loss or trailing stop were invented. i mean, always put a stop in your position, always, however small your volume may be. i have seen that it saves you from further and bigger losses