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Searching Broker with microlots and leverage 1:500

  • #1
  • First Post: Nov 23, 2007 12:16pm Nov 23, 2007 12:16pm
Hello my dears.
Could someone guide me to the broker which allows trade 0.01 lot and offers 1:500 leverage. I need 1:500 leverage.

please
  • #2
  • Nov 23, 2007 2:34pm Nov 23, 2007 2:34pm
Alpari UK does offer 500:1 and micro lots, but of course only for small accounts.

Regards - Xaron
  • #3
  • Nov 23, 2007 3:24pm Nov 23, 2007 3:24pm
Quoting stace
Hello my dears.
Could someone guide me to the broker which allows trade 0.01 lot and offers 1:500 leverage. I need 1:500 leverage.

please

Unless you are wanting to buy a currency, and let it run.....risking your entire balance, then leverage really doesn't matter.

If you are looking for 500:1 leverage AND wanting 0.01 lots, you don't have enough in your account to trade with, or at least I should say enough to make what it is that you think you are going to make.

I can only assume your reasoning, as I see it demonstrated in a lot of newbie questions. I can only think you are looking to turn $250 into $1,000,000 in a year? Sound about right?

A 500:1 broker is only looking for your money, and should be avoided at all costs.

I only have 200:1, and trust me, it's more than enough to blow my account up if I feel the need.


Clockwork
  • #4
  • Nov 24, 2007 12:27am Nov 24, 2007 12:27am
Stace are you up to a Martingale system?
  • #5
  • Nov 24, 2007 1:04am Nov 24, 2007 1:04am
  •  mld
  • | Joined Sep 2007 | Status: Pips Raining Cats & Dogs | 85 Posts
Stace, Alpari UK offer 500:1 leverage also micro accounts upto 5K
Fxopen I know also offer the same but I prefer Alpari UK for your request
mld
  • #6
  • Nov 24, 2007 1:14am Nov 24, 2007 1:14am
  •  mld
  • | Joined Sep 2007 | Status: Pips Raining Cats & Dogs | 85 Posts
Quoting clockwork71
Unless you are wanting to buy a currency, and let it run.....risking your entire balance, then leverage really doesn't matter.

If you are looking for 500:1 leverage AND wanting 0.01 lots, you don't have enough in your account to trade with, or at least I should say enough to make what it is that you think you are going to make.

I can only assume your reasoning, as I see it demonstrated in a lot of newbie questions. I can only think you are looking to turn $250 into $1,000,000 in a year? Sound about right?

A 500:1 broker is only looking for your money, and should be avoided at all costs.

I only have 200:1, and trust me, it's more than enough to blow my account up if I feel the need.


Clockwork
Clockwork,
there sure are traders called aggressive traders ya know? who they know how to handle risk management with their high leverage and know what's what, we could not to blame anyone who trading with higher leverage, me myself have been trading with 500:1 leverage for some time and been quite successful trading semi-aggressively and I am sure there are many
mld
  • #7
  • Nov 24, 2007 8:57am Nov 24, 2007 8:57am
Quoting mld
Clockwork,
there sure are traders called aggressive traders ya know? who they know how to handle risk management with their high leverage and know what's what, we could not to blame anyone who trading with higher leverage, me myself have been trading with 500:1 leverage for some time and been quite successful trading semi-aggressively and I am sure there are many
mld

Yes, but total leverage doesn't really matter in relationship to true leverage.

500 to 1 doesn't matter if you are only trading at a penny a pip for example. (He DID ask for .01 micros.)

True leverage is what matters in the end.

Being aggressive is ok, but not necessary, as compounding interest can do the work for you.

There is that thinking that some of the best in this industry only get about 30% a year as well. And funds let them play with millions, if not billions.

I was more or less speaking to his expectations.

I see he is from a smaller country, and I have been noticing an alarming amount of dis-information coming out of them in regards to Foreign Exchange.

India seems to be the culprit most of the time. You get questions like "Can anyone suggest a system that will gain pips everyday without losses?" "And I only have $1,000 USD to start with."

Statements like this make me wonder what kind of advertising and scamming is going on out there. In the US, most people don't even know about Forex, which I find interesting. To be honest, I "accidentally" found it.

My statements were meant to get him thinking a bit.

He can trade any style he wants, I am just speaking from a little experience with this line of thinking. But in the end, it's his choice, and it won't effect my account either way. (Unless I am one of the people out there taking his money.....)
  • #8
  • Nov 24, 2007 8:59am Nov 24, 2007 8:59am
heh, I use 2:1 leverage on my trades usually
  • #9
  • Nov 24, 2007 9:45am Nov 24, 2007 9:45am
  •  mld
  • | Joined Sep 2007 | Status: Pips Raining Cats & Dogs | 85 Posts
Point taken, thanks clockwork71 and you are correct!
mld
  • #10
  • Nov 24, 2007 11:18pm Nov 24, 2007 11:18pm
basically you can smell a proper vs. shit broker miles away.

following are 4 key factors that should start an alarm in your head

  1. ridiciulously high leverage (hedge funds rarely use even 45:1)
  2. offering Zero commission
  3. allows you to "hedge"
  4. offers Metatrader 4

{Promotion Removed}
  • #11
  • Nov 24, 2007 11:50pm Nov 24, 2007 11:50pm
Quoting jjk2
basically you can smell a proper vs. shit broker miles away.

following are 4 key factors that should start an alarm in your head

  1. ridiciulously high leverage (hedge funds rarely use even 45:1)
  2. offering Zero commission
  3. allows you to "hedge"
  4. offers Metatrader 4

Couldn't agree more...by the way, I also love that signature what a riot! componde??? haha!
  • #12
  • Nov 25, 2007 2:14am Nov 25, 2007 2:14am
Quoting peterM
heh, I use 2:1 leverage on my trades usually
Bah, how lame is that?

just kidding...

Regards - Xaron
  • #13
  • Nov 25, 2007 10:55pm Nov 25, 2007 10:55pm
heh i was only asking to broker with this leverage and lots.
Yes i am going to use something produced from Martingale.
I wont turn 250 into millions. But stable and non risk work will be working basically I automated system and it is simple mathematics. That you always be in plus.
Thing is better deposit is 3 - 4k for this i dont have such money. So for me it is normal 1k micro lot account but I need such leverage.
  • #14
  • Last Post: Edited Nov 26, 2007 4:52am Nov 25, 2007 10:57pm | Edited Nov 26, 2007 4:52am
Quoting clockwork71

India seems to be the culprit most of the time. You get questions like "Can anyone suggest a system that will gain pips everyday without losses?" "And I only have $1,000 USD to start with."
I remember you now.
So later about few weeks I will personally show you what work could be done with 1000 deposit.

and I am well experienced and I know what I do and how I will do it.
I just asked BROKER.
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