hello traders
i want 400:1 or 500:1 leverage ( metatrader platform broker )
i want a good broker , not scammers!
whom do u recomend?
just be careful
i want 400:1 or 500:1 leverage with metatrader platform
- #44
- Edited Oct 12, 2007 12:35am Oct 11, 2007 11:18pm | Edited Oct 12, 2007 12:35am
Why should one not use high leverage of 500:1 or 400:1? Isn't it better so one can open more lots to trade especially when one is sure there is a high percentage that the trade is going to go their way?
Also, can you guys tell us what broker you use that are trustworthy? We won't accuse you of recommending your broker. We'll check it up ourselves. If something bad happens, we won't blame you guys.
If Pipboy says he's a pro, let it be. We all have a standard what is a pro or newbie especially in forex where there is no professionally regulated agency like those of engineers, doctors, athletes, etc.
for example if i want to open 1 lot on USD/JPY
if the leverage is 100:1 ( margin needed = 1000$)
if the leverage is 200:1 ( margin needed = 500$)
if the leverage is 400:1 ( margin needed = 250$)
if the leverage is 500:1 ( margin needed = 200$)
i use hedge technique to make the losing trades winning ones
time is important in all markets , so u use the time against the losing trades
when my strategy gives me a buy signal> i close the sell position (but before that it must be (+), or i close it if it were (-) it depends on the market and the TA signals, the important thing is how to avoid the stop loss hunters )
i remeber when i was new to forex , i used stop loss (30pips)
stop hunters get the 30 pip , then the price reverse to move on the direction i wanted , that happend alot when i trade GBP/USD
hedge techniques r not easy , it also needs alot margin
thats why i wanted high leverage
when i said >i'm pro in what i'm doing
this may tease others who feel bad so they become offensive. especially if they are losing money !
thanks Qwert
PiPBoY Approved!
my strategy want good margin to be avialable to cover the open trades (lets say i want it big margin)
for example if i want to open 1 lot on USD/JPY
if the leverage is 100:1 ( margin needed = 1000$)
if the leverage is 200:1 ( margin needed = 500$)
if the leverage is 400:1 ( margin needed = 250$)
if the leverage is 500:1 ( margin needed = 200$)
i use hedge technique to make the losing trades winning ones
time is important in all markets , so u use the time against the losing trades
when my strategy gives me a buy signal> i close the sell position (but before that it must be (+), or i close it if it were (-) it depends on the market and the TA signals, the important thing is how to avoid the stop loss hunters )
i remeber when i was new to forex , i used stop loss (30pips)
stop hunters get the 30 pip , then the price reverse to move on the direction i wanted , that happend alot when i trade GBP/USD
hedge techniques r not easy , it also needs alot margin
thats why i wanted high leverage
when i said >i'm pro in what i'm doing
this may tease others who feel bad so they become offensive. especially if they are losing money !
thanks Qwert
I like your trading style. Very good indeed. In my opinium 1:400 or 1:10 or 1:1000 is the same. If you have a STRONG Risk Management you can use that leverage easily. I dont understand why wannabe pro traders laughing at you when you asked them for an advise. Especially Mr. Trend, that guy is a joke.
I have also tried to look for a broker with 1:400 1,5 years ago.
Well, Pipboy i must dissapoint you, there are NO brokers that offer you 1:400. Why? Because brokers that offers 1:200 or higher are bucket shop! Or they are a big fraud like Northern Finance. They will stop Hunt You. Trust me. Metatraders brokers are a big joke too.
You should look for an ECN broker that offer high leverage. If you dont know what an ECN is do a Google search. ECN model are the best way to trade in FOREX.
I am with MBT/EFX Group at this moment. They are a great broker and offer 1:100 to you. That is the highest leverage soo far for an ECN Broker.
Interactieve Brokers are much BIGGER but they offer 1:50 which are too low for me so that is why I choose MBT/EFX group.
PipBoy, don't be an id*ot. No decent brokers offer anything above 100:1. As a matter of fact, check out currenex providers. Most of them have 50:1. Because forex is damn unpredictable only a fool would use 1:500, a 25 pip spike would wipe out your account. And those can happen for no apparent reason from time to time. Good brokers don't want to go bust, hence they don't allow extreme leverage.
Best regards,
Vlad
I bet you are a newbie or a 95% failed trader in this Forex Business!
Man, you need to learn Math before you attack people that have big dreams in their mind!
- #53
- Oct 12, 2007 9:21am Oct 12, 2007 9:21am
bravester,
20k from ForexGen hit my bank account today.
I had to wait about 10 days for it, and I was in constant communication
with their support staff who were polite and helpful.
They certainly did not scam me.
Coder
Great !!! Congratulations!!! But Just be aware, they have scammed and robbed several people. If it hasn't happened to you today does not mean it can never happen to you. Moreover, they have no physical address, no support phone number , no regulation , in short if they were to fold up and run away with your money, you'd be screwed big time. I am telling you, things used to be much better about 6 months ago. Withdrawals used to be processed same day, customer service used to call back if you had a problem. None of that happens now. If you knew what i know now, you would pull out your money. Entirely upto you, take care , good luck and stay alert.
- #54
- Oct 12, 2007 9:36am Oct 12, 2007 9:36am
how many times do i have to repeat it
i'm pro in trading not in brokers
It is like if Roger Federer will ask advice for choosing a racket to play tennis because he is a pro in playing tennis not in choosing a racket !
I saw that you want to open an account with NF.
So I believe you, you are not a pro in chosing a broker
- #57
- Oct 12, 2007 3:55pm Oct 12, 2007 3:55pm
LOL,
I bet you are a newbie or a 95% failed trader in this Forex Business!
Man, you need to learn Math before you attack people that have big dreams in their mind!