Hi gang
I am very new to Forex trading. I only started a few days ago and these forums have been a big help. 16 out of my 20 total trades have shown profit and you guys are the reason.
Now I have made a newbie mistake, I bought USD/CAN just before it really started to go low and I left it over night thinking it would rise a bit and id recover some loss. It however has only gone lower.
The question is this, in this situation should one take a sizable loss and get out or do you think it will bounce back in the short term and I just need to have more patience?
As a reference over the past few days I increased my initial starting funds by 35% but if I close out now I will be 30% under.
Thanks
I am very new to Forex trading. I only started a few days ago and these forums have been a big help. 16 out of my 20 total trades have shown profit and you guys are the reason.
Now I have made a newbie mistake, I bought USD/CAN just before it really started to go low and I left it over night thinking it would rise a bit and id recover some loss. It however has only gone lower.
The question is this, in this situation should one take a sizable loss and get out or do you think it will bounce back in the short term and I just need to have more patience?
As a reference over the past few days I increased my initial starting funds by 35% but if I close out now I will be 30% under.
Thanks
