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

[sachin]

i thunk the traders who do scalping for them it is very important to watch their open positions so that they make sure that they dont suffer any loss. but for long term trading there is no need of watching our position all the time

[chirayu]

This is right action if you dont have time to look at market, but there is no harm if you have time to watch the prices and your trade, may be you can take action looking at market movement like increasing target or closing trade before target if you see signals that show indicate trend reversal. So it pays if you want your trades.

[krishan]

I had happened with me also. Now I always close my all positions before leaving my computer.
The answer of the question you are asking is depended on the traders' style of trading. If he is a long term trader then should have enough capital and smaller lot sizes to keep open positions for weeks even months and years. But for a day trader as they have small capital they should close all the positions before leaving, or if they are leaving then they should put stop limit.

[oscar]

we don't need to watch the open trading positions that are still floating if it has implemented a good trading plan ..
always trying to make an analysis before deciding to open a position and place the stop loss and take profit ..
we will be able to do other activities if you have done way trading as above

[xiaotanghao]

No,there is no need for us to watch our open positions to make sure we don't go to loss during our trade in forex.I think it will be OK for us to leave away from the forex when we just open a position there,which we have set the STOP LOSS and Target properly.That is what I usually do in forex.

[balakalimuthu]

We do not need to watch out open positions always, especially if we set a stop loss and take profits. However in the case of you having a position open and news is coming up, it will be better to watch the position to ensure that the news event does not throw you into a bad loss that you can avoid.

Yes I agree with the point of watching open position to take immediate decision from the sudden market condition changes. So, continuous observation on the open position enables us to minimize loss from my experience. So, scalpers could not leave open position wit out attention for sure same for all the traders...

[Abdomhadi]

I reponce the meme we did not continue to monitor our open positions if we use the best money management because with money management there is a danger very less margin call for that we can put stop loss and take profit and not need to monitor if we have a good method and strategy.

[malik83]

yes i agree with that we should need to watch our open positions to avoid loss because market moving trend is change time to time and we never want that our account is going to loss.

[niteshforex]

We do not need to watch out open positions always, especially if we set a stop loss and take profits. However in the case of you having a position open and news is coming up, it will be better to watch the position to ensure that the news event does not throw you into a bad loss that you can avoid.

[kaji]

if we can not keep an eye on our trade because they have to go, then we should use the take profit and stop loss. even we should still use the TP and SL even though we are not going to leave the position of our trade. This we do to keep our trade to stay on the safe path