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Open position over weekend

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Hi guys,

I am wondering if you can help me calm my blood pressure.

Just started learning how to trade and left a long position open by mistake today and did not manage to close - GBP/CAD.

Is there any way to close it or minimise the risk of losing money.

My account is not big at all but I am most worried about losing more and/or going on a negative balance.

 

Any suggestions?

 

Best regards!

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9 hours ago, besilviu said:

Hi guys,

I am wondering if you can help me calm my blood pressure.

Just started learning how to trade and left a long position open by mistake today and did not manage to close - GBP/CAD.

Is there any way to close it or minimise the risk of losing money.

My account is not big at all but I am most worried about losing more and/or going on a negative balance.

 

Any suggestions?

 

Best regards!

Hi, you won't be able to change anything until the fx market reopens at 9pm Sunday (UK time), all you can do really is to keep an eye on the Weekend ftse market which opened at 4am Saturday (this morning). GBP and Ftse tend to have an inverted correlation so if ftse starts going up you might want to go long in that market as a hedge against GBP going down.

But if there is no major market moving news over the weekend you will probably find the market reopens with little change.

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Guest chris

Always use a stop-loss 

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