Hi I have been two months do forex trading. Now my 3 trading in negative profit in euro / jpy, usd / jpy and euro /usd. Is it worth to save my trading from totaly lost instate of floating negative profit . There any I should save this trade ??
Why Top up again? Just take high probability trades and bring your account into positive profit.[/QUOTE]
Because im almost runout of free margin, equity now usd /jpy , eur / jpn up to 102 & 132, i lost both 100 over pips each,
I want try to save my current floating minus trading.
but im not sure it it worth to cover by incease my bal capital???
Its usd /jpy , eur / jpn will going down again???
Not sure what you did there with those pair. Did you short those pairs? I’m not sure it will go down next week. If it go then USD/JPY will reach at 100 and EUR/JPY at 130.60. Hoping for turning the direction of pairs is not good.
Why you took two jpy pairs? IS there any stop loss placed?
There is no logic to deposit more fund into you account for avoid margin call rather than close it.
Because im almost runout of free margin, equity now usd /jpy , eur / jpn up to 102 & 132, i lost both 100 over pips each,
I want try to save my current floating minus trading.
but im not sure it it worth to cover by incease my bal capital???
Its usd /jpy , eur / jpn will going down again???
Thank for u respone[/QUOTE]
I think you should hedge your position with opening opposite transaction to stop your loose. That will not make you profit, but at least stop the loss for the momment, while you figure out way to do profitable trade…
I think you should hedge your position with opening opposite transaction to stop your loose. That will not make you profit, but at least stop the loss for the momment, while you figure out way to do profitable trade…[/QUOTE]
No, closing the trade would mean that you are wrong 100%. Hedging the trade shows that you are wrong and right at the same time, allowing the Ego to continue on, unharmed
No, closing the trade would mean that you are wrong 100%. Hedging the trade shows that you are wrong and right at the same time, allowing the Ego to continue on, unharmed ;)[/QUOTE]
No it means the person is too stupid to realize its the same thing as closing the trade and re-opening at a better level… Except it takes a whole lot more margin to hold two opposing positions instead of closing the one and waiting.
No it means the person is too stupid to realize its the same thing as closing the trade and re-opening at a better level… Except it takes a whole lot more margin to hold two opposing positions instead of closing the one and waiting.[/QUOTE]
Hi,
Thank you all the comment been given at least i have idea and direction to do.
Here is My entry
Sell Usd jpy : 99.20
Sell Eur jpy :130.45
Buy eur usd :1.3127
Oh shark, sorry to see your entries and the floating losses. Can’t say anything about Monday open. If you get a retracement towards your entry level on Monday before margin call then you will be lucky. Otherwise close the trade and learn from the mistakes.
Now I can say what mistakes you are done with your trading decision.