Forwarded from FOREX VIP
Many of us are in difficult conditions, and we are still trying to achieve our desires and we are willing to do everything to succeed ...
This is a very valuable and divine intentions.
What is there is that we have the way to save the Forex market or success in a particular job, given the conditions and beliefs, and so on.
The truth is that there is no way to save success in the Forex market or no other job, not only for you but for anyone else ...
"The way to save your personality, beliefs and mindsets"
Until these things are not correct outside, it is not the desired result. All successful and knowledgeable people admit this.
I honestly tell you that you have to work first and make them, it's no other way ...
Listen well:
Whatever my skill and practice, you get specialized and specialize so that these personality and mind will not allow you to use what you learned in the right time and ...
This is a very valuable and divine intentions.
What is there is that we have the way to save the Forex market or success in a particular job, given the conditions and beliefs, and so on.
The truth is that there is no way to save success in the Forex market or no other job, not only for you but for anyone else ...
"The way to save your personality, beliefs and mindsets"
Until these things are not correct outside, it is not the desired result. All successful and knowledgeable people admit this.
I honestly tell you that you have to work first and make them, it's no other way ...
Listen well:
Whatever my skill and practice, you get specialized and specialize so that these personality and mind will not allow you to use what you learned in the right time and ...
Forwarded from FOREX VIP
Let's welcome all new members
Here you will find Account Management , Free VIP Signals , Educational materials for all trader levels, Fundamental Knowledge
Keep following to trade like the Bank
Good Luck
Here you will find Account Management , Free VIP Signals , Educational materials for all trader levels, Fundamental Knowledge
Keep following to trade like the Bank
Good Luck
Forwarded from FOREX VIP
Forex Signals wishing great profitable Week for all Traders
Good Luck βοΈ
Good Luck βοΈ
What is scaling and how use it? π€·π»ββοΈ
β
Scaling basically means increasing or decreasing an open position while trading.
β
This helps to adjust overall risk, lock in profits, or maximize potential profits ππ½
β
Of course, there are potential drawbacks to this method that you should be aware of.
β
π¨Scaling benefits
β
The biggest benefit is psychological.
β
Increasing and exiting a position eliminates the need to be absolutely perfect when entering or exiting.
β
No one can consistently predict price action or the exact turning point of the market. The best thing to do is to identify the βareaβ of potential support / resistance, reversal, change in momentum, breakout, etc.
β
You can enter your position in parts around these areas and/or make trades at different levels to lock in profits.
β
Done correctly with a trailing stop, scaling winning positions will help protect profits in case the price suddenly reverses.
β
If you add more to your open position and the market continues your way, a larger position size will increase the amount you will make for each pip.
β
π¨ Disadvantages of scaling
β
The main disadvantage of scaling is when you increase your position. Can you guess what this flaw is?
β
THIS INCREASES THE TOTAL RISK β
β
Traders are primarily "risk managers" and if not done correctly, "scaling" can destroy the account
β
The second disadvantage: when you take away part of your open position, you reduce the maximum potential profit.
β
Well, in fast and dynamic markets like the forex, it can be beneficial to reduce risk and take some off the table.
β
β
Scaling basically means increasing or decreasing an open position while trading.
β
This helps to adjust overall risk, lock in profits, or maximize potential profits ππ½
β
Of course, there are potential drawbacks to this method that you should be aware of.
β
π¨Scaling benefits
β
The biggest benefit is psychological.
β
Increasing and exiting a position eliminates the need to be absolutely perfect when entering or exiting.
β
No one can consistently predict price action or the exact turning point of the market. The best thing to do is to identify the βareaβ of potential support / resistance, reversal, change in momentum, breakout, etc.
β
You can enter your position in parts around these areas and/or make trades at different levels to lock in profits.
β
Done correctly with a trailing stop, scaling winning positions will help protect profits in case the price suddenly reverses.
β
If you add more to your open position and the market continues your way, a larger position size will increase the amount you will make for each pip.
β
π¨ Disadvantages of scaling
β
The main disadvantage of scaling is when you increase your position. Can you guess what this flaw is?
β
THIS INCREASES THE TOTAL RISK β
β
Traders are primarily "risk managers" and if not done correctly, "scaling" can destroy the account
β
The second disadvantage: when you take away part of your open position, you reduce the maximum potential profit.
β
Well, in fast and dynamic markets like the forex, it can be beneficial to reduce risk and take some off the table.
β