Paying Attention To Your Trades in Forex

[moonchild]

It is important to pay attention to your trades because when you enter a trade you're basically trying to take money from the market and following a move in the market, you can make money or lose money the market do not really care at all, what's important is that you baby your trades till they mature and you harvest profits out of them.

This is just an approach, you can also set and forget your trades if you're a swing trader maybe but as a day trader you can't do that because you're getting on small price movements and leaving your trades open on end can jeopardize your account and can have you bleed money hand over fist so it's important to know when to break even or take a profit.

 

[FinTrader]

I make any trade according to certain rules and conditions of my trading strategy. And I always know what profit or loss I will get because I immediately set stop loss and take profit. This is how I control my trades and my trading risks.