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About closing a position

  • Post #1
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  • First Post: Apr 16, 2006 9:01pm Apr 16, 2006 9:01pm
  •  derpate
  • | Joined Apr 2006 | Status: Member | 4 Posts
Is that wrong when i myself close an open position instead of setting stop loss oder limit profit .

Should the broker fine me cause of this , thanx in advance
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  • Apr 16, 2006 9:32pm Apr 16, 2006 9:32pm
  •  MrWhipple
  • | Joined Dec 2005 | Status: Self UNemployed Pipster | 378 Posts
He is going to take his spread but he shouldn't fine you. And yes, it is often a good idea to close a position yourself if you see the trade going against you.
Nolite dormiens pungere ursum. -- Latan Proverb.
 
 
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  • Apr 17, 2006 10:09pm Apr 17, 2006 10:09pm
  •  Akuma99
  • Joined Nov 2005 | Status: Trading, writing, conquering. | 721 Posts
You should not at any time be fined for manually closing an open position, if you are, then there is a good chance you are with a dodgy stop running broker and I would suggest to find a new broker.
You can quit and they won't care, but you will always know.
 
 
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  • Last Post: Apr 17, 2006 10:19pm Apr 17, 2006 10:19pm
  •  Rocket
  • | Joined Dec 2005 | Status: Member | 107 Posts
Quoting derpate
Disliked
Is that wrong when i myself close an open position instead of setting stop loss oder limit profit .

Should the broker fine me cause of this , thanx in advance
Ignored

Please explain what is happening with more detail if possible .. what do you mean by fine??

That isnt a term asscociated with forex thier is just the spread to deal with and you "pay" the spread when the position is openned.
 
 
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