Practical Exercise - Gearing and Scaling
Practical Exercise
Select any currency pair, go back to a point on your chart where you can clearly identify a lowest or highest point.
Based on this backtesting scenario, start to identify and practice the guidelines of gearing and scaling.
How much would you have gained from this move?
Compare it to the scenario where you only took one single trade and ride the full trend, would scaling in positions have given you a better profit potential?
Select any currency pair, go back to a point on your chart where you can clearly identify a lowest or highest point.
Based on this backtesting scenario, start to identify and practice the guidelines of gearing and scaling.
How much would you have gained from this move?
Compare it to the scenario where you only took one single trade and ride the full trend, would scaling in positions have given you a better profit potential?
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