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

[anyar]

you just need to set stop loss so that if the trade goes bad it will automatically stop itself another thing you can do if your pc is constantly connected to power and internet is to set a trailing stop so that your trades will close at a profit.

[naija]

If there is a risk control tool in place like the use of stop loss there might be no need for watching the positions. So it is rather use your stop loss and forget the position. You only check it after a long time when you believe your profits should have gotten to your desired level or your position has closed in take profits.

[zain786909]

yes we need to watch our open position to check out about profit and lose
its a better way for trading and we should avoid lose if we follow
this step

[sunila]

jaisa ap nay kaha hai is tarah tou kabhea bhea nahe pata lag sakta hai laikin agar koi yaha 10 year sai kam kar raha hai tou us k baray mai kaha ja sakta hai k wo yai sab kar sakta hai warna jitna loss mai jata hai utna he in brokers ka commesion banta hai...

[sheriffex]

Keeping too much watch on your trade will induce tension. I advise you don`t watch for too long. Just set and forget.

[asmatariq]

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?

If you don't want to look after the opened orders then simple use trailing stops, stop loss and take profits, it will automatically close the existing orders when the market hit the sl or tp, this is simple thing that I can tell you, but sometimes when market open with gap, if your trade is in mid of gap then it will be a difficult thing to a trader to understand whether the market will hit the SL or TP first with that spike or otherwise.

[sajda]

dear i would like to tell you that i am new in forex trading business and so i do not lnow about forex trading busienss much more and i think forex trading is the best business and you should learn forex trading

[Kool7651]

well according to me i do not think that there is a any need to watch our position most of the peoples watch their order position continuously but by doing this we are taking tension and fear by doing this and most of the times we loss by doing this so better place a take profit and stop loss limits.

[aries32]

bilkul hum ko open position ko check krna chahiye some time trader take profit aur stop loss lga kr relax ho jatey hai but check krne se ye faida hota hai k ager market ka trend change ho gaya ho to hum bhi apni position set kr lain again . other wise koi khas issue nhi hai .

[razia86]

boss i think there are some traders who go on fore about 5-10 years with single trade too. And there are some who stick with the trade just for few minutes settling for 3-5 pips. So what should we exactly need to do?