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Thread: What will you do when you know that just opened the wrong position or entry?

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    Senior Member gemmy will become famous soon enough gemmy will become famous soon enough gemmy's Avatar
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    of course this is also happened to me at the beginning many times , i tried to solve this problem by putting a stop loss to my trade , i think it has a great advantage to me as it put a limit to my loss .

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Member deathzz is on a distinguished road deathzz's Avatar
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    if I feel I am wrong in the open position the first thing I did was install SL to secure my account, I rarely directly close the position when I feel one open position.
    I always hoped that I open up the correct position, so if I open the wrong position I was always waiting for him to be a boon or SL that I have touched the place.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Banned raka999 will become famous soon enough raka999 will become famous soon enough raka999's Avatar
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    I always tried to discipline. I always put a take profit and stop loss at the beginning of trade. with bagitu, even though the price moves against the position, the loss in accordance with that we put sl. This is the risk of forex. we should be able to accept it.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Member adahidayat will become famous soon enough adahidayat will become famous soon enough adahidayat's Avatar
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    i think that sometimes it happens that due to the pressure of forex trading, we will open a wrong position ...so it is the best way to accept that spread loss and close that position....because if we keep it open, then it can be proved more dangerous and can make us to loose alot of money.....

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Member joget has a spectacular aura about joget has a spectacular aura about joget's Avatar
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    What will you do when you know that just opened the wrong position or entry?

    difficult for the newbie trader like me to make an entry in the right position. this is usually due to impatience in the trade. in fact rarely because of doubt and nervousness so quickly closed position. so fast that the funds in the trading account is reduced.

    when I found out I had just opened the wrong position entry then I immediately take a look to the higher timeframe and the possibility margin that I have to cover it? if sufficient, then I let the floating minus, but if not then I immediately opened a new position in the opposite direction to the previous position.

    How about you?

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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