You have to learn how to trade a safely, first you have to know how much your invest that you do not get to order more than 25% of your total invest, then use the lock profit and loss if you can not monitor the price at the position that you've already order :)
it is right that if we are doing the short term tradings then it is needed that we should always look at our positions so that we should not lose the money in this market otherwise it is better that we should take rest in this market.
Sometimes we can see the positions which we have open if the market is moving fast and if the market is slow then i think there is no need for us to look at the positions. we can then place good trades and then leave the market as well.
To find a necessity of montiorning our trades always to long as we have a good mm a stop loss. Most traders loss big without using a stop loss, and many beginners tend to avoid it thinking of it the price would just back from there and so this is not a good idea if you cant watch market for long. or you wann a kill your account yourself. wntor monitoring oru trade at all time.
It depends on whether we are in a position when we are not sure about our trades and would like to see what is going on. But again if we are trading with the trends and our trades are hitting the profits margins then we can safely go away.Quote:
Originally Posted by turbin
We just need to set the take profits :)
sometimes after we set position in market, there could be a little wave that move against our time for a short time or maybe for quite long time. but if we are already positive with our analysis, we don't need to watch the trend movement because it can reduce our confidence. we just need to set stop loss in a proper position and take profit position.
our open position is very important dude, the basic forex trading is to make sure you enter the market in the right time and leave the market in the right time also, so its kind of art to enter and leave
aap nay sahi kaha, laykin agar to koi scalper hay to phir oss ko to apni position daykhni paraygi. laykin inter day trader ya swing trader kay liay ye mumkin nae hoga kay wo her time chart kay saamnay reh ker apni trade daykhta rahay.Quote:
Originally Posted by sushmita
Agar aap trade open rakhte hai to hamesha market ke movement ko watch karna hoga, agar kisi reason se aap busy rahte hai to isi time ke liye stop loss aur take profit jaise tools ka use karna chahiye, agar aap stop loss aur take profit ka use karte to aap heavy loss se bach jaate.
We suggest that if we are in the condition of profit and predicted we will continue should give the same sl + tp because doing so would be more secure, but if in case of loss, it was very hard, I think a better hedging just yet, because it's like us not to enter the market.