How to increase your profit in Forex Trading: Scaling In
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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
160 pips in a 53 pip movement of the market using the Scale In strategy
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
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