it is not necessary sir, because I will be able to leave this trade freely so that I will be able to use this trade as long as I will be out of the house and will do the other trades in any way sirQuote:
Originally Posted by Jazpa
this way then I would be grateful to have my open positions
No need to do that, it is useless. Our open trades can be open for 3 days and so we cannot stay there in front of our computer everyday. We should only do hat if we are scalpers in this forex exchange trading business.
There are times when we must observe our chart, and there are times when we do not need to wait for a day in front of our PC.
But when the market is volatile, or is happening trends, I often wait in front of my PC, because I do not want to lose to get a chance to profit from the moment ...
But if the market is in a state of calm, then I simply put pending orders, and other tools so that I can continue trading, even though I was not in front of my PC ...
For long term trader who use only small lot, that was surely unnecessary thing to do. But if we trade using bigger lot, we will need to monitor our trade all the time. In this case, we are better to use stop loss so we can have better emotion control about our own trade. Stop loss also benefit for us to be more discipline to trade.Quote:
Originally Posted by ishvara
Mybe that we need not to watch our open positions to make sure we do not go to loss because there are a stop loss and take profits which we can use and make sure that we do not go too much in to losses and also we can have decent profit so there is no need to monitor our ope positions all the times !
I think it all depends on the strategy that we use. if we use long-term trading strategies, then we would not need to see where we are at all times, we just need to monitor occasionally. but when we use scalping strategy to our trade, I Pikit we must always look at our position. because scalping will only take a bit of profit in pips.
If you do not base knob experience to your trades then you do poorness to timepiece your open trades and you can not modify as fine. it is ever wagerer to area cease death and construe profits to your trades and you can weaken and not feature to pain watching or monitoring your trades for hours .
If our analysis is not goodness and the swap is wicked or bad and if kibosh loss is in approximate it module also stuffy the swop automatically and we beggary not display our trades.It is exclusive when there is no layover deprivation in locate monitoring is required.
we may have to continue to be in front of the chart to ensure that we will not experience losses when trading. But it also depends on what kind of trading strategy that we use.
I think , It's 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. so Do we need to watch our open positions to make sure we don't go to loss.as long as considerable....