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

[facebook]

Traders who go on for 5 - 10 years for a single trade ? Are you sure you know what you are talking about. It is a huge time and no trader would do any such trade where he needs to wait for so many years for result . Think before you write something mate

[iTradeFx4life]

There is no need for you to watch our open positions to make sure we don't go to loss.First,you should analysis the trend yourself.Then you can make the trade with a stop loss and target at the same time.When you have more 20 pips profit,you can set the stop loss at the postion where you make the trade,which can help you protect your profit.

I agree with you, we must implement a set and forget strategy so that we should not get into emotions when we see our trades. And also its not possible for every trader to keep watching his trades.

[sweetrevenge88]

Watching your position does help because you will be aware of any slight changes of the movements of the market,by being vigilant you will be able to act the right way during critical moments of your trading.

[milon]

It is better practice to open a position and set stop loss must. it means you will lose a fixed amount of money of market goes wrong. moreover, anyone can limit the take profit range and it will be sold on that point. I always trade with stop loss to prevent my account from a big losses.

[isbhacker]

Yes if we are not so sure about the trade and if an event or news is going to happen in future then we should monitor our trades to ensure rte trade is good so far.

[wending]

There is no need for you to watch our open positions to make sure we don't go to loss.First,you should analysis the trend yourself.Then you can make the trade with a stop loss and target at the same time.When you have more 20 pips profit,you can set the stop loss at the postion where you make the trade,which can help you protect your profit.

[dareking]

It is why people using stop loss and take profit order. With these two option, you don't need to watch out your position all day and you can do other things, such as analyze other pairs of currency.

Haan aapne sahi kaha bhai, agar hum take profit aur stop loss ka use karte hai, to hume ye jaruri nahi hota hai, ki hum market ko watch karte rahe, lekin bhai loss cheez hi aisi hai, jab tak humara order chal raha hai, to hum jitni marzi koshish karle, hum apna order baar baar dekhte rahte hai.

[abbey ak]

well as for me i don't really think its necessary to watch over your open trade in other to avoid emotional trading but the best way to avoid the trading is to make use of stop lose and take profit with these i think we are very much okay trading without emotion thats what i really think in my understanding on the forex trading

[dimpal]

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?

Agar aapko ksi zaroori kaam say jaana ho to hamesh aap apnae trade pay stop loss laga kae rakhain taaki agar loss bi hota hay to thora hi hota hay na ki poora account blow hoga. mayrae hisaab sae yeh behtar hay

[sammy]

well buddy that is why the things like stop loss or trailing stop were invented. i mean, always put a stop in your position, always, however small your volume may be. i have seen that it saves you from further and bigger losses