I am new to the forum and forex trading. I trade on MT4. I opened a Sell position in USDJPY (at price 108.76) but market went against me and I hedged it with a Buy in same pair (at price 112.660). The gap between the two trades (floating loss) is over $3000. I have $1000 equity left. I have learned my lesson from the mistake of hedging and not using stop loss. USDJPY is still going higher. Can some experts please suggest a way out. at what price and how can i exit. I have a couple of thousand dollars available in reserve that I can deposit to increase the equity. Thanks
And what exactly do you want us to say ?
How large are the positions you speak of ?