if you wait to mush to profit and the chart goes against your order you might as will loss more then you can afford, you need to do your analysis right in order to to be sure what if you need to keep your order open or close it before it got any more damage to your account.
i am also new
i don think that that is okay i think that you need to move on if you are not getting profit i think that you need to stop that trade and trade some place else in another market you cannot wait because you may get a margin call
because one way or another what goes up must come down or vice versa.
no as the price can reach a point and not reach it again untill after months or may be more than one year or maybe not reach it at all just see your char with big time frame in any currency you will see that many times it reaches a points and then did not reach it again
my recommend to you is to use specific strategy and trade with it.
It is suicide to run a trade without a stop loss and just wait for it to comeback, even if you have huge capital still you are not sure if the price will come back after weeks or months or perhaps it may take years before it come back or your capital will get wiped out already before it come back, always use stop loss is the right approach in trading.
wait was not a sure thing so it is not necessarily a matter of time if you can get a profit because it could be you have a margin call before prices turned so did the best analysis and look at other positions that can provide better prospects.
yes this is good method but while we are trying to get profits from forex trading business then sometime we are impatience about that! then close our profitable trade very early & hold losing position to long time so if we avoid this then we can get more profits from forex.
Forex is not a easy business for new comers . Try to do more practice in demo account . I think you need to spend 6 months at least for demo account practice . Forex trading business is the largest popular business in the world . Try to make profit in demo account .