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

[monsterzz]

it seems we do not need to look at a chart to ensure that our account will not suffer losses. There will be no difference you see a graph or not because it will not change anything. If you go do not forget to use the TP and SL to maintain profits and minimize our losses.

[rzza]

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?

hi,

in my views, you should put stop loss and take profit target.
this is to avoid big loss. also to make sure your account doesn't be over loss by silly mistake (not in front of the pc). and take profit is not miss at all.

[abbey ak]

well i don't really agree to that we don't have to watch our open trade all we need to do is to see that we make use of proper money management and also make use of stop lose then we can always trade with our mind at rest and also trading without emotion really go a very long way thats what i think is the best way

[BaHaaFxTr]

Of course u haven't to do that only If u concern of your trading and make sure that price will reach the target u limited and the same time make stop loss appericiate for your trade and the important thing that suit for your account amount of balance, and make sure the chances in forex repeat over and over again so dont rush.

[cfxsignals]

I think if you are trading you need to watch all your positions. Sometimes they go into loss, sometimes you get profit from them. This should be all part of your trading plan and you should not have to worry about it.

[absforever]

For not losing your money, you should use the take profit and the stop loss options in the Platform of your broker. The position will be closed automatically and your account is more protected from the margin call and the loss of your money. Good luck

[mmja2003]

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?

Thanks for sharing with us such experience. I also have experience of losing all money for not closing position before going urgent job. Here I get a solution. I installed metatrader trading terminal in my mobile. So I can watch the market and can do the trade at any time even in urgent job instantly within 2/3 minutes.

[goldenmember]

I think that you shouldn't watch your losing positions. It makes you depressed. I am thinking more and more you just need to set stops and limits and let the trades run, and just do something else in the meantime.

[yogesh]

If you are good in analysis, you should analyse before opening trade and set stop loss and target as per your analysis and you need not look on it every moment what most you can do is just review your analysis whenever there is some sensitive news and act on that if it is required in your view.

[didikfx]

mostly need to see the economical news to understand the value of the currency and whats going on of the measure currency. so that it is more easy to make good position by using the news. with the strategy it is some of extra support.

I think there are two things that are more important than the technical economic news and market sentiment. News ekoomi affects only a moment but the technical and strong market sentiment will make lasting trend.