DislikedMoneymaker2... what happened to Moneymaker1? A "professional trader" that cries because leverage was limited to 50:1 and that this was the reason that made him unprofitable, combined with the notion that he became profitable again by using an "offshore broker" offering high leverage again .... Jesus, this is so far off from the slightest proffesional level that I can never ever take you serious again. Please leave this tread and never come back.Ignored
If you are a good trader, what sets your profits is how much you put into the trade, right? If you predict GBP/JPY is going up 100 pips (and you are correct), the pair doesn't care if you have 0.01 lots or 100 lots, it is going to do what it is going to do. Same with options, because NFLX doesn't care if you have 1 contract or 500 contracts, it is going to do what it is going to do. In currency trading, if you get good at predicting price direction and are willing to accept smaller, high confidence trades, leverage becomes an asset. Just another tool to be used. If you are scared of leverage, it means you are not at the level to use it to your advantage, that's all. Doesn't mean you won't ever be, just means you aren't there yet.
For me, I just feel it is a lot more productive to focus on actually making money trading rather than just trying to convince everyone else that you can't! Besides, you'll never convince people because there are too many making money doing what you say can't be done. If you really want to make a difference, go save a rainforest, because you're just spinning your wheels trying to save us traders from those evil markets...Ö.