How to pyramid on forex?

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Hi all!

I wonder,how and when to pyramid as soon as I see that trade is profitable.

Is there any kind of indicator,calculator,tutorial,etc which can help me?

Thanks

 

What do you mean by Pyramid? You mean adding on to a position or you mean compounding your account to increase it's size.

For adding on, I don't recommend it unless you are confident with the strength of the trend to drop a little more risk in. It's a good idea to lock in profits of your already profitable position with a +ve stop loss as well.

I don't recommend compounding either, at least until you have withdrawn your profits up till the stage where you have taken your initial capital back so all you are left with is pure profits as risk capital. For instance, you deposited $10k, don't compound until you withdraw at least $10k again. My personal habit is to withdraw some or all of the week's profits on Fridays. After all, aren't we trading to make a profit and reap the benefits of those profits by restocking our bank accounts?

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