DislikedMost brokers over here offer 500:1 leverage, which if used to the full, can bring serious gains or serious pains...Ignored
Could you tell me how much margin is required for 100,000 units of GBP/JPY?
Trade at your own risk.
GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies
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DislikedMost brokers over here offer 500:1 leverage, which if used to the full, can bring serious gains or serious pains...Ignored
DislikedGood point, I see you are in the UK. Could you tell me how much margin is required for 100,000 units of GBP/JPY?Ignored
DislikedFor everyone in the USA. We are getting screwed, if we are trading GBP/JPY we aren't even getting 50:1 leverage. Meanwhile, if you are outside the USA you can get 250:1 leverage. All you need is a mailing address outside the USA and say goodbye to this backwards BS.Ignored
DislikedThanks, I appreciate that. I just found it actually. That's incredible, I am escaping this Matrix. Thanks again for the info my friend. I already spoke to FXCM in UK a few months back. I know what I need to do now.Ignored
DislikedI know we don't have too many really long term traders (Terry...lol) in here but this is a great summary write up by a trader I have MUCH respect for. In fact, one would do well to read the thread when time allows. It's HUGE due to a lot of non related and meaningless posts (Unfortunately that's hard to avoid in these forms it seems), but a lot of very good information can be had on applying fundamentals to trading. This one deals with the yen for the most part so I thought it would go well here. I would ask any visitors of the thread to please...Ignored
DislikedPossibly, EJ and this pair are somewhat correlated and looking at the daily chart on EJ, we could see a move down from the area it's currently at, regardless of last weeks events. See the chart below. {image}Ignored
DislikedIf my concerns were "noob talk" then I am sure that the rest of the world would be embracing the same regulations as the USA. However, they are doing the opposite as many banks and brokers refuse to even set up offices here. You lack education of international law and banking my friend. If I am a noob then you are a brainwashed propagandized American.Ignored
DislikedI think he was referring to the fact that you want an account leveraged 250 times.Ignored
DislikedIf my concerns were "noob talk" then I am sure that the rest of the world would be embracing the same regulations as the USA. However, they are doing the opposite as many banks and brokers refuse to even set up offices here. You lack education of international law and banking my friend. If I am a noob then you are a "typical brainwashed propagandized American".Ignored
DislikedI never stated how I would leverage my account. That was not even discussed. Therefore, your statement is not "a matter of fact". I did not say how I would use the leverage, my posts were about margin requirements. Go back and read the posts again before you quote somebody. I am pretty sure I did not post my trading plan.Ignored
DislikedReally no lack of information nor education, just using common sense. Lehman brothers was wiped out with 1:30 leverage. FXCM has done a study which showed the most profitable accounts use leverage of 1:4 to 1:5. Above that the profitability goes exponentially down. But you need 1:250 leverage for a pair like GJ so that your account is wiped out in 40 pips. Good luck.Ignored
DislikedFor everyone in the USA. We are getting screwed, if we are trading GBP/JPY we aren't even getting 50:1 leverage. Meanwhile, if you are outside the USA you can get 250:1 leverage. All you need is a mailing address outside the USA and say goodbye to this backwards BS.Ignored
DislikedI never stated how I would leverage my account. That was not even discussed. Therefore, your statement is not "a matter of fact". I did not say how I would use the leverage, my posts were about margin requirements. Go back and read the posts again before you quote somebody. I am pretty sure I did not post my trading plan.Ignored
DislikedPerhaps this was the cause of the confusion? Touting that kind of leverage in your first post sure sounded like you thought is was good thing and something you wanted. Just saying.Ignored