Number of simultaneously open positions.

Often, after the first open order begins to bring profit, your hands reach out to open another deal in the same direction.

Should this be done or is it better to avoid this practice? What should be the optimal number of simultaneously open positions when trading Forex?

It is definitely not so easy to answer this question; it all depends on such things as the strategy used, the market situation and technical capabilities.

The main conditions under which it is worth adding positions.

• It makes sense to open additional transactions in medium-term and long-term trading, since with scalping , you can not only not get more profit, but also lose the existing one.

• There must be signals confirming the trend, these can be both candlestick patterns and readings of technical analysis indicators.

• Financial capabilities - the total volume of open transactions should not be excessively large, do not forget about such concepts as correction .

• There must be technical capabilities for quickly closing all orders, this can be a special forex script , or the presence of a function for one-click trading .

But even if the above conditions are met, you should not open more than 3 transactions at a time, since the trend is extremely changeable and each subsequent transaction can cause losses.