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

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Originally Posted by fxmoney

Yes most of the time i try to look for the trades that it is in the profit or not and this is one of the bad thing we do as we have to place the stop loss and take profit and stay away from the trades and if not then we make changes and lose capital very easily.

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yes , mostly time we watch our trades again and again after short term and when it come little profit we close the trade , it is very bad habit , in this way we can not get good reward from our trade due to lack of patience .:)

hamy koi khas zrorat nai apni trade ko dkhny ki bas zrorat iss bat ki market ko analyze dhk ky kia jay analyse krny ky bad ham deal open kr ky easy way stop loss orr take profit put kr dy orr jahan marzi chle jae main hud aisa krta hon mujy open deal ko dkhna bilkul acha nai lgta.

yes of course you nee to watch you open positions to make sure you dont go for losing, you must read the trend of the market first and make some analysis through 2 analysis we know, and just open the positions when you feel confident

Other losses are doubled sales and profits can not be locked in
It came in a transaction and a transaction to acquire a large lot sizes, and this is easily the most open to ensure that the success

i think its not necessary to look at the terminals every time whne you are traidng , if you have set stop loss and take profit it will automatically get triggerd but if you are scalping you have to keep eye on your traidng

this thing is possible with only those people who don't know much about market analysis.and also unable to analyse market by using indicator or news.those people use scalping strategy and they watch market every time when trade is open because they don't wanna loss.

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Originally Posted by Jazpa

Do we need to watch our open positions to make sure we don't go to loss.
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 think we need it. However, as long as we believe in making a trading plan that we have made, and we have put a stop loss and take profit, I think we do not have to look at the money we have made ​​a trade. This only adds to our emotions.

If you keep an eye continuously on market movement you can understand the market conditions and you will know where a particular pair is taking support. If you put stop loss value then you need not to watch the market continuously.You need to watch the chart at the time when you are going to open trade. But after open trade you should put stop loss or take profit according to your analyses. After apply this no need to keep eyes on market.

We dont need to focus all the time with secreen also because it will strain your eyes and cause your eyes problems but when we have good money management which is a component of a good trading system then we can even leave the trade w/o wooring because the price will not blow our a/c .

i have to watch or not my trade that will depend on my trading style. because if i give short time trade then i have to watch my trading and if i give long time trade then i dont need to watch my trade all time. because when i give short time trade i give with higher lot size which is risky for my account and for that reason i have to watch and when i give long time trade i dont need to watch my trade because i give that trade with perfect volume which i get from money management.