What u do when u r in loss in forex? -

i am in a big loss in gbp/usd pair these days.i bought it at 2.08 and its now at 1.98.should i sell or keep it?moreover i m planning to convery to euros.are euro have potential to move up.wat do u think? You re in FX and you don t have an exit strategy (or stop). This is nuts. I hate to come down on you like this but...... get out of this position. Not because it s right or wrong. Simply because you had no plan. Stop all your FX trading now. Take a year or more to learn this stuff. 95% of all FX traders lose their accounts. You obviously got in with a minimul understanding of what this is all about. Having the correct money management stradegy is more important than picking the right quot;directionquot;. Consider yourself warned. Personally, I would cut my losses if possible but if you did your research on this currency pair, then I would stick it out. Euros are gaining strength against USD so this would be the best bet for you...If you need further information about the Forex, check out: http://www.forexvendors.com. They outline a good trading strategy and offer other Forex-based programs. I think you re in over your head.