Auslanco - GBP/JPY and GBP/USD (newstrade)

Quoting rgitt05

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Don't know what you are saying.. Someone asked me to post my account..

I am not here to prove anything..Just here to post charts and opinions..

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Quoting just_ha

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I don't question your skills or really care about your account i'm sure you do well, i'm just wanna know the reason why a trader would have investors. I know in stock markets its normal, but with forex there's leverage, so im just curious to the reason.

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Quoting uksnowman

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Lol are you serious? You should view this like any other "business". If you wanted to expand your business would you get a loan from the bank (leverage)? Or welcome the clients/investors who like your business and see that helping you (by investing) will be helping them in the longer term, thus increasing your capital without resorting to over-leveraging?

Leverage will be the undoing of many if abused...

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Quoting just_ha

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I don't question your skills or really care about your account i'm sure you do well, i'm just wanna know the reason why a trader would have investors. I know in stock markets its normal, but with forex there's leverage, so im just curious to the reason.

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Quoting rgitt05

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It is simple...Commissions and rebates from the spreads as a IB..

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Quoting zweig

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Quoting just_ha

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what kind of leverage do u have to use to get a spread reduction? I'm with Alpari, they dont mention any of that at the website.

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Quoting just_ha

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yes i understand from a business standpoint, if u wanna open a business, or buy a franchise thats half a mill then yes go to the bank or get investors. I'm just having a hard time wrapping around that idea, maybe cuz i have a my own design business, an a profitable income that i can use to put towards trading. so i don't see why i would need to borrow money, unless your blowing through my accounts.

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Quoting just_ha

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what kind of leverage do u have to use to get a spread reduction? I'm with Alpari, they dont mention any of that at the website.

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Quoting uksnowman

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Agree you would rather use your own money to grow your trading account. But lets say after x years of successful trading you have built your account to 100k and you want to increase it to 1 million or more. Then if you have clients who invest in your account (based on solid performance) you could easily increase the account size without having to use your own capital (or over leverage yourself). The performance fee that you charge means that you effectively compound your own results. Quite off topic sorry but passes the time while we wait for some...

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Quoting uksnowman

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Agree you would rather use your own money to grow your trading account. But lets say after x years of successful trading you have built your account to 100k and you want to increase it to 1 million or more. Then if you have clients who invest in your account (based on solid performance) you could easily increase the account size without having to use your own capital (or over leverage yourself)....

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Quoting just_ha

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understood, i guess i'm just a newb lol i never think that one day i will be using 500,000 let alone a million bucks in a trading account, more focused on one trade at a time.. sorry for trailing off, boring PA.

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Quoting zweig

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1 million size is 10std lots
1 lot is 100k

if you trade over a certain amount of lot size at mb ,ducas ,where ever ,you will get a discount on comm.
just ask them,they will offer you on based your size p/m
20$ for each mill etc..

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Quote

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short at 139.00

Quoting Myrza

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yippy..now we are moving. Lets hope lady luck is good to me like yesterday.

One question Rgiit..what is your gj price projection for today/this week?

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