Pyramiding-A Money Management Strategy To Increase Profits-Nial FullerPyramiding -A Money Management Strategy To Increase Profits金字塔交易法一一一固帽加獲利的资金管理策略http://www.learntotradethemarket.com/forex-trading-strategies/pyramiding-scaling-in-money-management-forex-tradingIn today's lesson I am going to teach you guys how to trade with the market's money".That's right,I am going toshow you how to scale in or pyramid"into a winning trade,without taking on more risk.This essentially meansyou will add to an open winning position without taking on more risk and possibly even creating a risk-free tradeall while dramatically increasing your potential profft.It's not too good to be true,but there are certain times whenscaling into a trade works better than others,which we will discuss in today's lesson.(Note:scaling in is the samething as adding to a position or pyramiding in)You've probably heard the saying "Cut your losers short and let your winners run",but how do you actually dothaf?Today's Forex trading training lesson is going to teach you how to properly scale into an open trade that's inprofit,so that you get the most out of your winning trades.You probably know that many of the major Forex pairshave been trending quite nicely recently,if not,then check out my recent Forex_market update to learn more.With all these strong trends that are taking place recently,I thought it would be good a idea to chuck out an articleto you guys about how best to maximize your winning trades.So,let's get started...How to safely scale in or "pyramid"into a winning trade如何安全地在一個盈利的倉位上城展或者“金字塔”式加哈Note that I have "safely"in italics above,that's because there are basically two ways that you can add to a winningopen position:注意我所說的是“安全地”·因周基本上有两方法進行盈利加哈：1/8Pyramiding-A Money Management Strategy To Increase Profits-Nial Fuller1)The stupid way-Scaling into your position but not trailing your stop up or down to reduce risk on the previousposition(s),thereby voluntarily taking on more risk(something you should NEVER do).2)The smart way-Scaling into your position at predetermined levels and trailing your stop up or down each timeyou add a new position so that you never risk more than you are comfortable with losing,or more than what youhave predetermined is a good 1R value for you(1R the amount you risk per trade).I am going to teach you guys how to safely pyramid into your trades today,but before we get started I need tostress one thingWARNING:Just because you can scale into an open position that is in profit doesn't mean you SHOULD.Thereare certain times when the strategies you are about to leam will work well and certain times when they won't.Ingeneral,you can try to scale into a winning position when a market is in a strong trend or during strong intra-daymoves.You should not try scaling in when the market is range-bound or trending in a choppy manner with a lot ofback and falling.Now,because you are adding a new position each time your current trade moves a certain distance in your favor,your breakeven point on the whole position moves closer to the market price.This means the market doesn't haveto move as far to put you into negative teritory.Now,this won't be a problem if you have trailed your stop loss onthe previous position(s)so that you maintain your overall 1R risk,but where traders get into trouble is scaling intopositions and not moving their stop losses to reduce risk.If this all seems a little confusing right now I promise the2/8示例方案：Let's say the EURUSD is trending lower like it has been recently.You see a solid pin bar entry strategy thatformed showing rejection of the 1.2625 resistance level.You decide that since price has respected this level andit's obviously a key"level,it's a good place to set your stop loss just above.So you decide to put your stop lossfor the trade at 1.2650..we ALWAYS set our stop loss BEFORE deciding on a potential profit target This isbecause risk management in Forex tradingis the most important aspect of the whole thing...if you don't properlymanage your risk on EVERY trade you WILL NOT make money.Next,there is no obvious significant support that you can see until about 1.1900,so you decide to aim for alarger profit on this trade and see if the trend won't run in your favor a bit.Your pre-defined risk on the trade isgoing to be $200,to keep the math simple let's say you sold at 2 mini-lots at 1.2550;100 pip stop loss x 2 mini-lots (1 mini-lot =$1 per pip)=$200 risk其次·在11900之前，沒有明顯有力度的支排水平，於是你决定追求更大的利调的同時，漂要看看假如1.2550真出2迷你手：100pip的止损X2迷你手(1迷你手=$1贴)=$200骏。You decide to aim for a risk reward of 1:3 on this trade,so you set your initial target at 1.2250 and you plan onadding two positions to this trade,1 when you are up 100 pips and another when you're up 200 pips.You plan ondoing this because the market is trending strongly and you have decided based on your discretionary price actiontrading skills that there's a good chance the trend will continue.3/8