DislikedYou have to average up/down "intelligently" in order to make a lot of money in FX....Ignored
One more thing... Whats the difference between closing an ("all in") losing position and opening a new one in the same direction if you think its still the right way to trade, and averaging down?
Also whats the difference between closing an "all in" position in profit and then opening a new one, and averaging in...
With the above in mind... What the difference between someone who risks 4% of his/her account on one trade and averages in, and someone else who goes all in with 2% risk?
Answer: The guy averaging in pays the spread TWICE and gets a worse average price...
Food for thought
Time hides Nothing