Building a position is considered an advanced technique for compounding your trade. It has the potential to increase your profits, as well as your losses. That's why it's important to know when and how to do it.
ActivTrades presented another free webinar with speaker Paul Wallace who talked about how building a position is a skill that can give you an edge in your trading. This method allow you to substantially add more and more to your trade as it goes your way. Say, you buy Gold at $1,200. If it's a bull market price is climbing up and as it climbs up you add more on the dips that way creating a larger position as price rises. This is considered a long-term investment strategy.
For more free webinars of ActivTrades you can visit HERE.
Was a great webinar, learned a lot.
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