Broker with 0% leverage and no minimum contract? | Forex Factory

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Broker with 0% leverage and no minimum contract?

  • #1
  • First Post: Edited 10:37am May 1, 2008 10:31am | Edited 10:37am
Hi Guys I'm new on this forum
I would just like to ask if any of you guys know any forex brokers who offer 0% leverage (gearing) with no minimum contract size?
I currently us O---A (Not Spamming) But they only do a 10% or 10:1
In case you guys are not aware - that unless you have some sort of unbelievable strategy -- You will NEVER make money whilst you play around with silly margin stuff offerered by brokers - I have only been in fx for 2 years now and have realized this mistake
btw if you would like to also see how I trade -- BUY anything Intraday now EU Use a stop 15440 -- Easy meat!! Tomorrow is another Day - lol
Ooops Price now is 15456
  • #2
  • May 1, 2008 10:42am May 1, 2008 10:42am
Quoting davina
I currently us O---A (Not Spamming) But they only do a 10% or 10:1
You can get 10:1, 20:1 and so on all the way to a max of 50:1 with Oanda. You have to change it yourself through the platform.



oo7_ts
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  • #3
  • May 1, 2008 10:48am May 1, 2008 10:48am
What he's asking is not for more leverage, but for less ( or none ). So, a broker that would let you use, say 3:1 or 2:1 leverage. Seems like a good idea to me, but who does this?
Disregard all prognostications.
  • #4
  • May 1, 2008 10:56am May 1, 2008 10:56am
That's something that can has to be controlled by position sizing, at least I have never heard of a broker that has 0%. That doesn't mean that one doesn't exist though.

oo7_ts
  • #5
  • May 1, 2008 11:33am May 1, 2008 11:33am
Quoting davina
btw if you would like to also see how I trade -- BUY anything Intraday now EU Use a stop 15440 -- Easy meat!!
So not very well by the looks of this.

TP
  • #6
  • Edited 7:13pm May 1, 2008 7:07pm | Edited 7:13pm
Thanks for your help Guys
HeHe Sorry about that I forgot to mention the time factor
Im still long here -- I dont actually use stops except to hold my profits and counteract my losses
I am currently with Oanda and my leverage is set at 10
No need for stops except for an initial one of 1000 pips just in case of World War 3 or I get a heart Attack
If you use gearing/leverage in your trades you WILL lose
If you know of any zero% brokers please let me know
Kisses
Davina xxxxxxxxx
ps I also use ALL my margin on each Trade - lol
There is very little risk doing it this way
Risk is not understanding what you are doing
  • #7
  • May 1, 2008 10:24pm May 1, 2008 10:24pm
Quoting davina
Thanks for your help Guys
HeHe Sorry about that I forgot to mention the time factor
Im still long here -- I dont actually use stops except to hold my profits and counteract my losses
I am currently with Oanda and my leverage is set at 10
No need for stops except for an initial one of 1000 pips just in case of World War 3 or I get a heart Attack
If you use gearing/leverage in your trades you WILL lose
If you know of any zero% brokers please let me know
Kisses
Davina xxxxxxxxx
ps I also use ALL my margin on each Trade - lol
There is very little risk doing it this way
Risk is not understanding what you are doing
But why would you trade forex without taking advantage of the leverage? If you do, I do not see the benefit...

With a levereage of 1:1, if you trade E/U then about ~650 units would be equal to your $1000

so with any leverage if you trade ~650 per $1000, then you are about on non-leverage regardless of your leverage setting...

oh well...these are my thoughts...but what is the point to have no leverage...then 1 pips would be 0.001 cents...it does not make sense to me...please enlightme.

Edit: actually the main point of forex is the leverage...you will win or loss regarless of your leverage...no leverage does not mean that you will not lose...it means that your loses will be very small...but so will be your wins...
Empty as water and soft as a facing wind mountain
  • #8
  • May 1, 2008 11:20pm May 1, 2008 11:20pm
I guess i see where your coming from but if you had an account for say 100k and just bought a 1 lot (100k position) esentially using your entire deposit. set your stop at a reasonable level and just use the rest as a buffer your risk would be pretty minimal by FX standards? no?

i think that most brokers would have an issue with 0% leverage because they give margin calls at 100% margin or near there. that would mean if you used all of your margin you would be below that level instantly.
  • #9
  • May 2, 2008 8:51am May 2, 2008 8:51am
The maximum leverage a broker offers has nothing to do with the leverage you really use. You can trade 1:1 with every broker, no matter if he offers 10:1, 100:1 or 500:1.

I still wonder how many people trade with real money without knowing even the basics...

Regards - Xaron
  • #10
  • May 2, 2008 8:59am May 2, 2008 8:59am
Interactive Brokers - Ideal platform

FXE - Currency Shares Euro Trust. Any US stock broker.

Coder
  • #11
  • Apr 1, 2013 9:25pm Apr 1, 2013 9:25pm
Quoting davina
Hi Guys I'm new on this forum I would just like to ask if any of you guys know any forex brokers who offer 0% leverage (gearing) with no minimum contract size? I currently us O---A (Not Spamming) But they only do a 10% or 10:1 In case you guys are not aware - that unless you have some sort of unbelievable strategy -- You will NEVER make money whilst you play around with silly margin stuff offerered by brokers - I have only been in fx for 2 years now and have realized this mistake btw if you would like to also see how I trade -- BUY anything...
Oanda does one to one by exchange, pretty much same as interbank as well.. Simple and takes only a few seconds..
  • #12
  • Apr 2, 2013 3:41am Apr 2, 2013 3:41am
Quoting tinny79
Oanda does one to one by exchange, pretty much same as interbank as well.. Simple and takes only a few seconds..
yes you can open sub accounts in different currencies and transfare between them you can make a 20 transfare per day this is the limit it a good idea
focus while relaxed to see better
  • #13
  • Apr 2, 2013 6:16am Apr 2, 2013 6:16am
Quoting Xaron
The maximum leverage a broker offers has nothing to do with the leverage you really use. You can trade 1:1 with every broker, no matter if he offers 10:1, 100:1 or 500:1. I still wonder how many people trade with real money without knowing even the basics... Regards - Xaron

Exactly... the only post that makes sense.


j.
  • #14
  • Last Post: Apr 2, 2013 6:41am Apr 2, 2013 6:41am
yup yup, at least a few of all these so called 'trader' got it ...
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