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  • #198,061
  • Feb 18, 2010 6:00am Feb 18, 2010 6:00am
Quoting mohan
Guys,

could someone please tell me what is leverage and how it works.

some says 1:100 is best,
some says 1:200 is best and
some says 1:400 is best.

Someone please tell me what does this mean?

Thanks
I suggest this website for some reading:

www.babypips.com
  • #198,062
  • Feb 18, 2010 6:00am Feb 18, 2010 6:00am
Quoting mohan
Guys,

could someone please tell me what is leverage and how it works.

some says 1:100 is best,
some says 1:200 is best and
some says 1:400 is best.

Someone please tell me what does this mean?

Thanks
Someone feel free to correct me if I am wrong. Basically to trade in Forex you require sums in the 100,000's to take a position. For the average Joe to trade you have to borrow. a 1:100 ratio means that the broker will want to have $100 in your account for ever $1 position you have on the movement of the currency. There is probably a lot more to it, a hell of a lot more.
I operate with clear definite rules, if I break them I lose BIG!
  • #198,063
  • Feb 18, 2010 6:02am Feb 18, 2010 6:02am
Quoting sierra
how come your sl is below ur short entry? if that case then you already earn 10 pips.
yap, now SL is at 570 you see more down ?
EUR/USD
  • #198,064
  • Feb 18, 2010 6:03am Feb 18, 2010 6:03am
Quoting nms4716
We are below 1.3565
It was reaching for nearby trendline on 5min chart (1.3561)...found some buyers there.
They think they are smarter than I am.
  • #198,065
  • Feb 18, 2010 6:05am Feb 18, 2010 6:05am
I do not have much expectation much technically upside target is 1.3577
They think they are smarter than I am.
  • #198,066
  • Feb 18, 2010 6:15am Feb 18, 2010 6:15am
Quoting Icannaesee
Someone feel free to correct me if I am wrong. Basically to trade in Forex you require sums in the 100,000's to take a position. For the average Joe to trade you have to borrow. a 1:100 ratio means that the broker will want to have $100 in your account for ever $1 position you have on the movement of the currency. There is probably a lot more to it, a hell of a lot more.
As you read you'd understand...

but in laymans terms

100:1 = Quite Extreme, but ok for a hardcore emotionless scalper
200:1 = manageable gambling
400:1 = Chronic Gambling and would most likely end in a MC

If your a beginner, focus on leverage levels such as 15:1 10:1 or even 5:1

I personally employ 25:1 leverage but with very tight sl's ... so I must rely on some form of precision when placing a trade.


The more leverage employed, the less capital you "put down" to make a trade.
Subsequently this allows you to place larger trades.


Its crazy to think there are some "brokers" out there that allow clients to use leverage up to 700:1!!! --- With that much leverage I'd have no fingernails... Heck a 50 pip spike would mean more than 50% of equity down the drain.
  • #198,067
  • Feb 18, 2010 6:15am Feb 18, 2010 6:15am
Missed having my short trigger by .4 pips

Such is life.

I wouldn't be surprised to see the news send us straight through 1.3530. Mid 90's, clear skies, and perfect beach conditions. Put on your shorts and come down to enjoy the surf, sun, and sand at 1.3420.
  • #198,068
  • Feb 18, 2010 6:15am Feb 18, 2010 6:15am
I just realized gold is forming a diamond formation.
  • #198,069
  • Feb 18, 2010 6:23am Feb 18, 2010 6:23am
Big bull now, lets see that 1.3577
They think they are smarter than I am.
  • #198,070
  • Feb 18, 2010 6:23am Feb 18, 2010 6:23am
Quoting longshot_nl
I just realized gold is forming a diamond formation.
An engagement ring.....
  • #198,071
  • Feb 18, 2010 6:24am Feb 18, 2010 6:24am
bull on eu shows big bear on uj -correlation
  • #198,072
  • Feb 18, 2010 6:26am Feb 18, 2010 6:26am
buy support sell resistance easy baby
Attached Image (click to enlarge)
Click to Enlarge Name: fotx.gif Size: 18 KB
  • #198,073
  • Feb 18, 2010 6:26am Feb 18, 2010 6:26am
my oanda chart is showing a dhlc (double high lower close) on the daily chart which arent that common but very effective trend continuation signal according to j16. mt4 just shows railroad tracks which are more significant as a top or bottom reversal rather than a continuation signal but its supportive of further downside all the same. personally I think its going all the way back to the march 2008 lows
BTC Return This Year: na
  • #198,074
  • Feb 18, 2010 6:26am Feb 18, 2010 6:26am
Quoting gatorinla
let the sun come out tomorrow.. wait till china raises peg next month again... did you here a pop?
Do you think this pop will drag the Eur/Yen pair down with it?
  • #198,075
  • Feb 18, 2010 6:33am Feb 18, 2010 6:33am
Quoting Noordin
yap, now SL is at 570 you see more down ?
ok so you already in the game.. thought its your entry plan.. don't know exactly whether it can go down further or not but imo maybe going down further but don't underestimate the retracement factor..
Be a sniper not a jumper
  • #198,076
  • Feb 18, 2010 6:34am Feb 18, 2010 6:34am
Looking at the 4h chart i would say eur/usd would go up again at some point right.?
Or do you guys think it was a false breakout?
  • #198,077
  • Feb 18, 2010 6:34am Feb 18, 2010 6:34am
MNI Euro-Dollar: Fundamental levels (orders, options, technicals)
$1.3700 Option expiry
$1.3660/65 Medium offers
$1.3630/40 Medium offers/$1.3635 tech
$1.3595/00 Medium offers
$1.3596 Early Europe recovery high off Asia low of $1.3557
$1.3570 ***Current market rate 1224GMT Thursday
$1.3539 Int.Day lows Europe, Asia $1.3557, NY $1.3585
$1.3535/30 Strong demand/Stops on break
$1.3500 Option barriers/Plain vanilla option expiries/Bids ahead
$1.3485/80 Medium demand
$1.3450 Medium demand
$1.3425/30 Strong demand

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #198,078
  • Feb 18, 2010 6:43am Feb 18, 2010 6:43am
i'm long with stop at 564
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 17 KB
  • #198,079
  • Feb 18, 2010 6:44am Feb 18, 2010 6:44am
Quoting Warwick
As you read you'd understand...

but in laymans terms

100:1 = Quite Extreme, but ok for a hardcore emotionless scalper
200:1 = manageable gambling
400:1 = Chronic Gambling and would most likely end in a MC

If your a beginner, focus on leverage levels such as 15:1 10:1 or even 5:1

I personally employ 25:1 leverage but with very tight sl's ... so I must rely on some form of precision when placing a trade.


The more leverage employed, the less capital you "put down" to make a trade.
Subsequently this allows you to place larger trades.


Its...

"Chronic Gambling"? lol

leverage is part of money management. Of course you'll blow your account if you have leverage of 500:1 and you're using 2 or 3 lots!! But if you use 0.1 lots or even mini lots, its relatively safe to trade with high leverages!
  • #198,080
  • Feb 18, 2010 6:45am Feb 18, 2010 6:45am
Good Morning.

Any news on GOLD? Anybody claim that IMF piece of 200t yet? I bet buyer is there,

but they want lower price, let see 8AM action again soon, Gold could be walked

down to 1050 area, to seal the deal. So far it's holding up.
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