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

[minok]

well bro, for me I personally believe that it was totally a waste of time. moreover there is no fsilitas take profit and stop loss, so we can casually leave it without having to constantly monitor it to prevent loss, anyways I think loss is a possibility and it is reasonable.

[Muskan]

monitor our open positions to avoid the chances of possible losses. We don't know the future and many beginners tend to avoid it thinking of if the price would just bounce back from there and so . this is not a good idea if you can't watch market for long

[eniolaforex]

Some trader seat in front of their system to watch the forex market trade so that they do not loss in the forex market trading business but they still lose money.trader need to have a good believe on their strategy and strategy that do not have a exist and entry point is not a good strategy

[eshaa]

Yes we need to watch the market to sure that our trade is going right direction. We need to stay with market until our trade is open in it because when we place our order then we need to follow it to see that we are make profit or loss. If we find our trade is going toward the loss or market change trend then close our trade and again open towards the trend.

[fxearner]

hanji trader ko apna position ko dekhna he hoga,trader yahan agar position dekhta rehta hai to wo apne plan me changees bhi kar sakta hai,yahan trader fir uske baad he ess business me kaam kar sakenga..

[sweetkhalid46]

my biggest loss in trading has been wasting the last ten years looking for a "system" that was perfect (for me). Such a system or method does not exist. I have lost ten years of potentially profitable trading because I didn't realize that being profitable in trading has NOTHING to do with the markets. Its all about me and the decisions me makes .

[ASHOK]

nhi aisa jarury nhi hai agr hum trades open krke stoploss or takeprofit ya fir take profit ka hi use krte hai agr hume confidence hai ki humari trade takeprofit hit zarur kregi to hume trades ki postiion ko dekhne ki koi jarurt nhi hai, or agr hume dar lagta hai to hume trades bich bich me dekh leni chiye.

[sayinifx]

Forex market me loss ko control karne ke liye trader ko market me achhe se trader ko knowledge aur experience banani hoti hai agar trader yaha par knowledge aur experience banalete hai to trader money management kar sakte hai tabhi trader LSS ko control kar skate hai.

[gin]

yes dear personally to me I do consider that it's no need to keep on watching the market but it's better to monitor it once in each certain period of time so you will know the movement of price and you could make better decision when the market is not good for your current condition. That's my way to trade in forex, maybe it could be different to another traders.

[minok]

of course my dear in fact I believe that 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.