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

[singh adnan]

I usually left my trade open because I can not control my emotion well. I can stay in front of my metatrader and see the price move tick by tick. But I never left it without stop loss. Left your trade open without any stop loss is a very big mistake. For take profit, sometimes I dont use it, as long as I dont get loss is enough, because my main purpose is not get profit, but to keep my money save.

[sajal]

Yes, we should watch our opened position to avoid huge loss and to make a good profit.In Forex, observation of market is very essential.If a trader invests full time in Forex, he will observe the market movement all the time and will be able to earn good profit and survive in Forex.Any time market price can change dramatically and a trader can loss huge capital even loss his account.

[farooq]

yes there is a need to watch out our trades for the beware from the loss and quickly makes some better strategy to the next ones if we goes to loss then we should close our trades and stay calm for the next trade.

[hedraf]

as a beginner i don't like leave my deal until it's finished but if it's urgent i go out i like to close a deal before i go and if i leave it open i will do stop loss to don't lose all my money

[Chelsea91]

we don't need to do that, because this makes us fear and we may close positions early fearing of more losses, i think that the best thing to do is setting stop loss in every trade and leave it either to hit the target or the stop loss

[akshay1728]

To be successful in forex you have to be very careful and very experienced , if you are good at analysis and have good trading skills then you can easily get the trick of earning money from the forex

[gandha]

better to leave the trade on their own. if you keep watching the trades after placeing them, it will only increase your stress. Leave it and check after a duration of at least 8 hrs to see if your stop loss or take profit target has been achieved or not

all that is true, I believe that traders are always in front of the computer more often make mistakes.
This is because emotions are more easily distracted, especially when the price moves not in accordance with the order

[zahidrock]

I think if we use stop loss and take profit then we don't need to worry about our opening position. And most of the time i use that tools and i am trading without any tension on that time.

[nitshar]

better to leave the trade on their own. if you keep watching the trades after placeing them, it will only increase your stress. Leave it and check after a duration of at least 8 hrs to see if your stop loss or take profit target has been achieved or not.

[dmambi]

Not required to monitor the running trade in the market to avoid them to go in loss. Because once we decide the trade settings based on our analysis and set them during the order opening they will take care of the order and hence no need to worry much about them.