When to close an open position in CFD trading?

Asked 3 years ago

Hi, I've got a few positions open, but now I don't know when I should be closing them. I could lose out on making more money, or I could lose instead. How do you know when to close a trade?!

Closing positions Open trade Trgovanje CFDovima Setting orders

Osasere Okunloye

Friday, October 08, 2021

Take a step backwards to learn about technical analysis before opening more trades. Learn about support and resistance and where to draw the lines that will serve as major landmarks in deciding when to either leave a trade open or close it. Also, learn about stop-losses and take profits. I will advise you to open a demo account and try out these strategies before using a real account.