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There are many strategies which Forex Traders use to increase their profits especially when they are winning in a Trade. Visit: https://www.fideliscm.com/India.aspx
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Anyone who comes to Forex Trading
comes with a thought of making profits and keep on increasing them.
There are many strategies which
Forex Traders use to increase their profits especially when they
are winning in a Trade.
I am sharing one of those strategies which
also helped in multiplying my profits. It is called Scaling In by the Forex Trading
Crowd.
Scaling In can be simply described as adding up to your winning trade.
When you see that the trade entered by you is going in the right direction which you thought and is working for you open up another position in the same direction
In this way you are now earing on both your position. If you had opened both the positions at the same
price then you are earning double pips in terms of Forex Trading
Trade Type Pair Entry Exit Pips Made
Short AUD/USD 0.91659 0.91133 52.6
Short AUD/USD 0.91506 0.91133 37.3
Short AUD/USD 0.91467 0.91133 33.4
Short AUD/USD 0.91338 0.91133 20.5
Short AUD/USD 0.91291 0.91133 15.8
Total 159.6