I am dong when I know that just open a wrong position of Entry. Then I want same volume make a open a trade opposite site. How long time that position not coming to same trend that time I waiting for that. After that close one side to come to the nearest to my open entry. I am using in this way.:):):)
you immidietly close it because you are not able to understand what its all about. when you lose like 4 to 10pips you just avoid losing alot of mme and your traing margin is intact. you are able to understand everythn. these is forex and you can make alot from it.
it is a bad luck and the other reason is here to be trade with out analyze and in this position i decided to stop this order on small loss because in next hour with analyze i can recover it and a big loss is very hard to recover
its done when i trade with out analyzing and this is very bad luck for me and when it is i tried to use the stop loss strategy for to save my account butt if will not then i want to close my trade on small loss because i can recover it
If I were you, I will not immidiately close my position. I will just doing some proper analysis to predict what will actually going on to the market and decide anything based on that. If I have to close my false trade, than I will just use stop loss with good strict risk management for sure. And, if I should close it manually, then I will just try to limit my loss as little as possible.Quote:
Originally Posted by azez
the truth is difficult to make a decision whether we take the position that is right or wrong. Many traders in the face of negative floating point 10-15 judge was wrong immediately and do cut loss position. But there is also a loss to choose to maintain over 100 points before deciding to cutloss and reverse positions.
sab se behtareen tareeqa to ye he k aap dicipline se trade karain. wrong entry se bachain laiken ager phir b aap se koi wrong trade ho jay to behter he k thorha lossle k bahir aa jain warna ye ziada loss ka sabab b ban sakta he.
better to cut loss, because we went in the wrong position, and loss of time away was very difficult to manage your losses so use the stop loss to be better to avoid the loss. despite a loss, it takes courage and mentally to perform actions cut loss.
Well as long as its in demo acc its just fine.but we trade should develop a good trading tips that will help on trading forex profitable. We have to follow the trading rules because its can help us.Quote:
Originally Posted by joya
Currencies are traded on a price and point or pip system. Each currency pair has its own pip value. When seeing a Forex price quote, you see something listed like this:Euro/USD 1.2210/13Explanation:If you want to purchase Euro/USD meaning, you buy $100,000 Euros and sell US$ 122,130.
I always doing like that but still doing forex because I think the income from forex is still not enough for my future that's why I still working in other business to get more money for my future. Maybe someday if my forex profit is already big, it may enough for my living spentQuote:
Originally Posted by truegoa
wrong position often come to newbie in trading. In the past i made many mistakes by position. whenever i get in market with wrong position, immediately i close the orders for protect my account from more loss.
Yes most of the trader do this and another trader like to wait for coming back. But i think it is better to use stop loss point. Because this market move with dynamic style. So if you put stop loss with your risk management then you can back your profit from your order.Quote:
Originally Posted by shinafxt
you used always place his stop loss and take profit then there is nothing to worry
but if you are very sure that it is totally wrong position then
the best way is to quit from it very fast and place another order to opposite direction.
This happens to us sometimes, Maybe we should take a good strategy in mind so that we can access good, and before that you must gather a lot of information and technical analysis, which allow us to take the right decision.
We must try tirelessly so that we can reach our goals ruler.
Aik trader kay liye wrong position khol lena koi baree baat naheen hay, lakin aap ko choty loss say ghbarna naheen chahiye agar aap ko loss ho hi jata hay kisi wajha say to aap apny loss ko cut karo aur barry loss say bacho isi main samjhdaree hay,
Main aapke batose puri tarha sehmat hoo. koi bhe wrong position open kar sakte hay galti sehe sahi leken ye savabik hay. kash kar newbies ye galtia bohot karte hay or nuksan bhe. unhe trade close karna chahiye or aagar risk bohot kam hay to intezaar bhe kar sakte hay sahi time aneka.
yes bro it can be done butt it is the reason we can not analyze the market with concentration and out a order on the wrong side then it will be the hard for us and we can not do any thing to got profit butt we can save our account from the margin call and we should be close our entry on small loss
Sometime it happens when you are in a big pressure on forex trading, so at that moment I suggest to close the position to be safe from more lose from the expectation.
a while currency dealing stress or reduction happen in dealing or any other action due to which we joined at wrong position and go in reduction that period is very difficult to handle your reduction so use stop-loss for better to prevent big reduction.that your information also help you if you have information about dealing.
If I know that my open trade is wrong, I will close it and cut my loss as fast as possible. Dont burn your trade with a loss trade and hoping for a retrace or reversal. Your trade become minus means your analysis is fail, receive it, take it, and learn. I wrote and printed my open trade everyday and make a trading journal.
I am dong when I know that just open a wrong position of Entry. Then I want same volume make a open a trade opposite site. How long time that position not coming to same trend that time I waiting for that. After that close one side to come to the nearest to my open entry. I am using in this way.
I always tried to self-discipline. I always put a take benefit and stop-loss at the starting of business. with bagitu, even though the cost goes against the place, the decrease according to that we put sl. This is the chance of currency trading. we should be able to agree to it.
as long you realized about the profit then you must do cut loss as fast as you can, but i can wait also to depend on luck if my lose trade becomes a profitable trade.But i think we have to decide our bad trade in very few times.
so it is the best way to accept that spread loss and close that position....because if we keep it open, then it can be proved more dangerous and can make us to loose alot of money
thanks for your nice and clear discussion. I am a new trader in this track. I am agree with you if we open a wrong position taking the loss and close the position which prevent more losses for opening a wrong position.
when the movement is goes to the opposite way of my possition..i will waitt the movement for a while to makes sure that movement will continued in opposite eays or will go back,and if the movement is continue to my oppositing my possition,i will close the trade and open new possition that the same with the movement with bigger lott!!
my dear friend mere khaayal main ager hum ghalat trade open kar lain to humain chahaiye k hum os trade ko band nahi karain balkay os k profit honay tak ka intazar karain kiun k market up down hoti rahti haiQuote:
Originally Posted by joget
if i put the wrong entry and its goes my capital to the loss direction then mostly i closed my trade to save my account from the margin call and bear the small loss from my trades
i think that when make the mistake in trade then we see the points if the point is gone wrong side then you stop your trade because if you never stop this then you gain the big loss from here so if you are the trader then you this thing
yes bro it was very bad for because the trade will not goes on our according think do mind so we should must be analyze the market before to start the trade and in this way we can got much knowledge and when we were know about our wrong position the we should be stop our trade on small loss
if my trade show wrong and start to make loss floating im try to study all the point in the market to put another support trade to reduce the losing or make my loss zero but it need good indicator and need good manage to not increase the loss
in addition to learning from the best books for us to learn is to learn from our own trade, so that way we will have the opportunity to learn directly how to do the akita can trade when you trade it wrongQuote:
Originally Posted by challenger ab
there is always profit from trading anything ; its just about following the traffic rules and keeping a good discipline ; something that we are taught in school as the very basics a good discipline and this helps us in life in every field even forexQuote:
Originally Posted by fibo
It is always better to get the small loss than the bigger loss. so if you think that it will not come in the profit at any time then you must have to close your trade at that time. so that you will prevent your capital from blow. This is what called as perfect money management in the mistakes also.
if i can realize that my place is incorrect and there are very few drops in my consideration then i will near it.But i can delay also to rely on fortune if my reduce business becomes a successful business.But i think we have to choose our bad business in very few periods or we have to deal with large reduce.
Most new traders always want to start out with the best and most complicated trading plan around. The honest truth is that the simplest plans are usually the best plans to use. Though of course applying a simple plan to a complicated market is not an easy task at all! In fact that's why every month you can see new plans being offered online to new traders. The sad thing is that these new traders are headed of the pits if they buy and practice these plans. So what's your trading plan? Do you have one at all?
Well if you are looking for a simple trading plan there are many plans available in the market. Over here I would like share with you a simple plan that is pretty practical and yet at the same time it will help to prevent all the "noise" you get in the market.
The simple trick is if one position in EUR / USD and GBP / USD
This simple trick I see from the chart the movement of trading EUR / USD and GBP / USD likely to agan just learning (I also just learning forex trading) could be a little help:
1. The movement is almost the same trading EUR / USD and GBP / USD
2. benefit / profit with the same movement
3. simply on scene yes:
If I doubt / confusion usually leads to one of the OP for example SELL EUR / USD normally I do take BUY position on GBP / USD (and vice versa)
I opened with just $100 and the profits I made in just 30 days of trading. ... As you can see you can start trading forex with just $100 or $1000 and build it up ... but I certainly do and there's no better place to test my skills than on the most
In my oppinion, many traders here will say you that they lose immidiately to avoid losing but to me i will still keep that oder, one reason for hoping reversal and another for knowing how i am wrong to learn more from loss.