After last week results and reading some threads about trading with high leverage. I have some idea for fun, and maybe for making some extra money.
It is possible to identify entry points based on support and resistance levels, at least at 50% of cases price will bounce to another direction. Take $100 dollars and leverage 1:500. It still needs to be tested, but the movement for 100 pips is possible. It means they you will make 5 times more than you lose. For sure, price won't bounce always, but ratio 1 to 5works for me.
Let's take a look to GU 30 minute chart:
http://xmages.net/storage/10/1/0/e/3...d/2654d262.png
Suggestions, recommendations any other ideas?
P.s Look to the title of the thread, this is risky idea. I don't recommend it.
Josef
It is possible to identify entry points based on support and resistance levels, at least at 50% of cases price will bounce to another direction. Take $100 dollars and leverage 1:500. It still needs to be tested, but the movement for 100 pips is possible. It means they you will make 5 times more than you lose. For sure, price won't bounce always, but ratio 1 to 5works for me.
Let's take a look to GU 30 minute chart:
http://xmages.net/storage/10/1/0/e/3...d/2654d262.png
Suggestions, recommendations any other ideas?
P.s Look to the title of the thread, this is risky idea. I don't recommend it.
Josef