there are Stop loss and Take profit option in meta trader software which will allow you to close or open a trade at your desired level automatically. so you don't need to spend hours after hour just by sitting in front of the terminal. just set your tp and SL on the basis of proper analysis, then you might go for your outdoor work. Don't worry your order will be automatically taken care.
yes it's true that over trading give us loss because we enter in the market all day whether the market good or not so we can enter in bad time and bad point of reverse and lose much money .so we must concentrate to enter in good point and good trend to see our profit fast but if we make over trading we will trading bad and lose
bhai main bhi ye kahta hoon, ki trader ko open position ko baar baar dekhne ki koi jarurat nahi hoti hai, agar hum money management follow kar rahe hai, to hum stop loss aur take profit laga kar chart band kar sakte hai.:)Quote:
Originally Posted by s19
i agree with you . lekin trade ko open kr k ajeeb c feelings hoti hai check krna aadat ban jati hai . aur ye sahi kha aap ne ager take profit aur stop loss use krain to is ki zarurat nhi rehti.Quote:
Originally Posted by dareking
Forex trading needs traders to work with it in high concertration. i mean that with each trade you take, you must observe it most of time when it runs. If you do not, you can not control your trading, it is easy to get loss by this market always change.
I think so. we must pay attention to the open position and pay attention to how the market will advance to determine the position. then we have to read the trend movement of daily to monthly fatherly see movement in a smaller time frame.
No friend, you need not to watch your open trade to protect it from loss rather you can put stop loss and take profit in open trade. You can do it during your opening trade or later by modifying your trade. This option is available in the meta trader platform.
The output of the forums is also comparable to the results of the traditional platform for forex trading. Being available throughout the world, their communication system is also more reliable and efficient.Quote:
Originally Posted by Jazpa
I often wait for an open position for fear of loss but if everything is according to plan we should just leave when we've taken the position set sl and taking profit
agree I think if we strong in our analysis then there is no need to watch the positions and just enter the stop loss and take profit and then leave the trades but if you are not strong in your analysis then it is better to see the positions.