Nihil inimicus quam sibi ipse Marcus Tullius Cicero
High leverage vs Low leverage 72 replies
High Leverage vs Low Leverage 21 replies
High Leverage vs Low Leverage 20 replies
Help with pending buy stop and sell stop scripts 5 replies
Buy Stop and Sell Stop orders with OCO and Trailing Stop 0 replies
DislikedI wish there was a license for having a child but alas that isn't the case and far far too often the consequences are truly tragic
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DislikedI love how people get on this bandwagon about how this is designed to crush the small investor (including myself up to a few minutes ago). What other venue allows for 100:1 or greater leverage? None that I know of. So lets do some math under the 10:1 leverage rule.
Let's say Joe Schmoe has $1,000 to put into the Forex market. And let's say that he has done his homework and researched and tested and practiced and other than a few stumbles in the beginning gets to where he is making a reasonable 40 pips a day on average. Some days better than others....Ignored
DislikedMagnum,
For me it's about more government involvement in my life.
It shouldn't be any of their business what I want to risk. All that should matter to the gov is how much money I made so they can tax the heck out of it.
For the record, I never use more than 25-30:1 leverage. Most of the time it's much less. That's not the point though.
This is my point: It shouldn't be any of their business what I want to risk. All that should matter to the gov is how much money I made so they can tax the heck out of it.Ignored
Disliked$500 day trading margins are very common (almost a standard) in US futures market where most contracts are values $50,000 to $100,000.
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DislikedProtect the people with no responsibility for themselves to the detriment of the little guys who actually think before they do.
Sure lower leverage won't hurt vets like yourself who already have a nice bit of capital built up... but the lower leverage sure sucks for those who are learning how to DO, but still have low capital. I've never got the big deal with leverage.. it doesn't matter what leverage is... just calculate your risk that you are willing to take and that's all that one should be worried about. Leverage only puts a limit on profit...Ignored
DislikedAgreed... You mean to tell me I spent the last 5 years learning these forex markets, taking my lumps along the way, now when i get to the point where I'm actually MAKING money, say OK now you cant trade??
B.S.
I wish this country would stop making excuses for idiots who cant control themselves or their actions. What happen to being responsible for YOURSELF.
People just have this "I wanna be rich NOW" mentallity and if they want to die by the sword..let them.
The Dumbing down of this nation continues.....
Ben
VoodooIgnored
DislikedAnd the worst part the whole thing is a total farce... the sheeple will just move onto another get rich scheme and lose their money that way.Ignored
DislikedI love how people get on this bandwagon about how this is designed to crush the small investor (including myself up to a few minutes ago). What other venue allows for 100:1 or greater leverage? None that I know of. So lets do some math under the 10:1 leverage rule.
Let's say Joe Schmoe has $1,000 to put into the Forex market. And let's say that he has done his homework and researched and tested and practiced and other than a few stumbles in the beginning gets to where he is making a reasonable 40 pips a day on average. Some days better than others....Ignored
DislikedIn my opinion they should rather make it harder for complete newbs to get an account in the first place. Everyone can get an account no matter how little money they have. No one really checks if Currency Trading is really suited for those people.Ignored
DislikedIf they do implement 10:1 leverage, I bet they will add a "grandfather" clause to allow existing accounts to maintain 100:1 leverage.Ignored