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

[kastur]

friend if we put stop loss value then no need to watch the market continue..
we dont know where will market move in upcoming time. we need to watch the chart at the time when we are going to open trade.but after open trade we should put stop loss or take profit accordig to our analyses or risk & reward ratio. after apply this no need to keep eyes on market.

[dragon]

It is no need to watch our open positions all the time to make sure that we won't get loss because profit and loss is not
thing which we should avoid. Not always we can be in front of chart so it is okay to set SL and TP to minimize losses and
reach our target profit.

[sangam]

yes bro you are right.i have experienced the same thing.i lose nearly 500$ due to power failure.then i realised my mistake.from that experience i use take profit stop loss method.it prevent us from a big loss

Making a 500$ loss in the trade is too much and i think that we need to make a limitation to the amounts that can be lost via trading and then only we are able to say that we are any successful or not

[ericnyamu]

there's nothing ore boring than looking at the charts 13 hours a day and watching price move . i know that what many newbies do but its just too tiring . its best to just look at your r:r and practice proper risk management and then put the trade on and ;eave the monitor

[indianforex]

the best way is to use stop loss in every trade even you open position for a short time. I too got this experience when i did not use the stop loss for the first time and i lose all of my money in just 15 minutes. I always use stop loss

yes bro you are right.i have experienced the same thing.i lose nearly 500$ due to power failure.then i realised my mistake.from that experience i use take profit stop loss method.it prevent us from a big loss

[sarwars]

Right it's no need to worry about it if you have used good money management to limit your losses. So it is no need to keep on watching chart and there is very less danger of margin call so we can put stop loss and take profit and no need to monitor if we have that.

[ericnyamu]

we donot need to get glued lto the screen also because it will strain your eyes and cause you eye problems . but when we have good money management which is a component of a good trading system then we can even leave the trade w/o worring because the price willnot blow our a/c

[mazba]

if a trader make trade only scalping then its obviously needed to watch market and open position.
but if the open position is a long time trade then no need to watch open position.

[abcforex]

Yes, of course when the position is open then to view the market on continuous manner to avoid a loss but if you define your loss limit then also able to protect your self from a big loss and you will stay long time in the forex trading market.

[fxquest]

There are lot of advantages of watching your trade, first you can easily track when trade is turning direction and so you can exit, you can also make more profit if you see prices are moving aggressively near your target, and more than these you get good understanding of levels of pair and range to enter further traders.