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Geppy's Geppy Thread (GBP/JPY)

  • #4,921
  • Apr 10, 2013 3:41pm Apr 10, 2013 3:41pm
Quoting GDR3k
Most brokers over here offer 500:1 leverage, which if used to the full, can bring serious gains or serious pains...
Good point, I see you are in the UK.

Could you tell me how much margin is required for 100,000 units of GBP/JPY?
Trade at your own risk.
  • #4,922
  • Apr 10, 2013 3:44pm Apr 10, 2013 3:44pm
Hi folks!
  • #4,923
  • Apr 10, 2013 3:46pm Apr 10, 2013 3:46pm
Actually I just found it...

Unbelievable, I am officially pissed off right now. lol

For 100,000 or one standard lot of GBP/JPY only $900 of margin is required.

I know everyone focuses on S/R levels on 15 minute charts in here like all the time but that is why threads are good.

However, if you are looking at the bigger picture, the grand scheme of things this is huge.

This is amazing.

I am definitely getting a business address outside the USA. No doubt about it now.

http://www.fxcm.co.uk/forex-margin-r...-leverage.jsp#
Trade at your own risk.
  • #4,924
  • Apr 10, 2013 3:47pm Apr 10, 2013 3:47pm
Quoting Fx3423454
Good point, I see you are in the UK. Could you tell me how much margin is required for 100,000 units of GBP/JPY?
At 100:1, margin required is £1000 for 100,000/1 lot
  • #4,925
  • Apr 10, 2013 3:56pm Apr 10, 2013 3:56pm
Quoting GDR3k
At 100:1, margin required is £1000 for 100,000/1 lot
Thanks, I appreciate that. I just found it actually.

That's incredible, I am escaping this Matrix.

Thanks again for the info my friend. I already spoke to FXCM in UK a few months back.
I know what I need to do now.
Trade at your own risk.
  • #4,926
  • Apr 10, 2013 3:58pm Apr 10, 2013 3:58pm
Quoting Fx3423454
For everyone in the USA. We are getting screwed, if we are trading GBP/JPY we aren't even getting 50:1 leverage. Meanwhile, if you are outside the USA you can get 250:1 leverage. All you need is a mailing address outside the USA and say goodbye to this backwards BS.
Typical noob talk
New voice message: Why are you calling me? If I need you, I'll call you!
  • #4,927
  • Apr 10, 2013 4:02pm Apr 10, 2013 4:02pm
Quoting Fx3423454
Thanks, I appreciate that. I just found it actually. That's incredible, I am escaping this Matrix. Thanks again for the info my friend. I already spoke to FXCM in UK a few months back. I know what I need to do now.
No worries

What did FXCM say?
  • #4,928
  • Apr 10, 2013 4:03pm Apr 10, 2013 4:03pm
Quoting albchr
I know we don't have too many really long term traders (Terry...lol) in here but this is a great summary write up by a trader I have MUCH respect for. In fact, one would do well to read the thread when time allows. It's HUGE due to a lot of non related and meaningless posts (Unfortunately that's hard to avoid in these forms it seems), but a lot of very good information can be had on applying fundamentals to trading. This one deals with the yen for the most part so I thought it would go well here. I would ask any visitors of the thread to please...
Thank you for sharing.
  • #4,929
  • Apr 10, 2013 4:06pm Apr 10, 2013 4:06pm
Once it breaks 153.00, 153.23 might be just a bump in the road.
  • #4,930
  • Apr 10, 2013 4:14pm Apr 10, 2013 4:14pm
Quoting pabloski
Once it breaks 153.00, 153.23 might be just a bump in the road.
Possibly, EJ and this pair are somewhat correlated and looking at the daily chart on EJ, we could see a move down from the area it's currently at, regardless of last weeks events. See the chart below.
Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 40 KB
  • #4,931
  • Apr 10, 2013 4:33pm Apr 10, 2013 4:33pm
Quoting GDR3k
Possibly, EJ and this pair are somewhat correlated and looking at the daily chart on EJ, we could see a move down from the area it's currently at, regardless of last weeks events. See the chart below. {image}
Nice. Let's wait for 130.50 and 153.00. Just bought some more @ 152.85.
  • #4,932
  • Apr 10, 2013 4:35pm Apr 10, 2013 4:35pm
I really hate when Oanda widens the spread so much. 10 pips????
  • #4,933
  • Edited 4:47pm Apr 10, 2013 4:36pm | Edited 4:47pm
Quoting KillerWhale
Typical noob talk
If my concerns were "noob talk" then I am sure that the rest of the world would be embracing the same regulations as the USA.

However, they are doing the opposite as many banks and brokers refuse to even set up offices here.

You lack education of international law and banking my friend.

If I am a noob then you are a "typical brainwashed propagandized American".
Trade at your own risk.
  • #4,934
  • Apr 10, 2013 4:39pm Apr 10, 2013 4:39pm
Quoting Fx3423454
If my concerns were "noob talk" then I am sure that the rest of the world would be embracing the same regulations as the USA. However, they are doing the opposite as many banks and brokers refuse to even set up offices here. You lack education of international law and banking my friend. If I am a noob then you are a brainwashed propagandized American.
I think he was referring to the fact that you want an account leveraged 250 times.
  • #4,935
  • Apr 10, 2013 4:43pm Apr 10, 2013 4:43pm
Quoting pabloski
I think he was referring to the fact that you want an account leveraged 250 times.
I never stated how I would leverage my account.

That was not even discussed.

Therefore, your statement is not "a matter of fact".

I did not say how I would use the leverage, my posts were about margin requirements.
Go back and read the posts again before you quote somebody.

I am pretty sure I did not post my trading plan.
Trade at your own risk.
  • #4,936
  • Apr 10, 2013 4:54pm Apr 10, 2013 4:54pm
Quoting Fx3423454
If my concerns were "noob talk" then I am sure that the rest of the world would be embracing the same regulations as the USA. However, they are doing the opposite as many banks and brokers refuse to even set up offices here. You lack education of international law and banking my friend. If I am a noob then you are a "typical brainwashed propagandized American".
Really no lack of information nor education, just using common sense.

Lehman brothers was wiped out with 1:30 leverage.
FXCM has done a study which showed the most profitable accounts use leverage of 1:4 to 1:5. Above that the profitability goes exponentially down.

But you need 1:250 leverage for a pair like GJ so that your account is wiped out in 40 pips.
Good luck.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #4,937
  • Apr 10, 2013 4:54pm Apr 10, 2013 4:54pm
Quoting Fx3423454
I never stated how I would leverage my account. That was not even discussed. Therefore, your statement is not "a matter of fact". I did not say how I would use the leverage, my posts were about margin requirements. Go back and read the posts again before you quote somebody. I am pretty sure I did not post my trading plan.
Hey man, chill out. I said what I think he meant so as you can understand his comment, because it seems you didn't. I didn't make any opinion about you so take it easy and use this thread to talk about Geppy, please.
  • #4,938
  • Apr 10, 2013 5:08pm Apr 10, 2013 5:08pm
Quoting KillerWhale
Really no lack of information nor education, just using common sense. Lehman brothers was wiped out with 1:30 leverage. FXCM has done a study which showed the most profitable accounts use leverage of 1:4 to 1:5. Above that the profitability goes exponentially down. But you need 1:250 leverage for a pair like GJ so that your account is wiped out in 40 pips. Good luck.
I appreciate your insights but I think they are misguided.

Lehman Brothers collapse was not due to high leverage, it was due to the fact that they invested billions of dollars into sub-prime mortgages.

Umm, they didn't just invest in mortgages, huh? Who does that?

But, they invested in mortgages by people with bad credit!!!

Some of these people were illegal, Aliens!! LOL..

People use leverage all the time, but they invest in REAL ASSETS.

Like I said, I appreciate your opinion but I think it is misguided.

Can you set a stop loss on mortgages? LOL...

Who would buy them from you? LOL....
Trade at your own risk.
  • #4,939
  • Apr 10, 2013 5:10pm Apr 10, 2013 5:10pm
Quoting Fx3423454
For everyone in the USA. We are getting screwed, if we are trading GBP/JPY we aren't even getting 50:1 leverage. Meanwhile, if you are outside the USA you can get 250:1 leverage. All you need is a mailing address outside the USA and say goodbye to this backwards BS.
Quoting Fx3423454
I never stated how I would leverage my account. That was not even discussed. Therefore, your statement is not "a matter of fact". I did not say how I would use the leverage, my posts were about margin requirements. Go back and read the posts again before you quote somebody. I am pretty sure I did not post my trading plan.
Perhaps this was the cause of the confusion? Touting that kind of leverage in your third post sure sounded like you thought is was good thing and something you wanted. Just saying.

EDIT: Whoops...third post
Ghost Rider - WWTBMD?
  • #4,940
  • Apr 10, 2013 5:12pm Apr 10, 2013 5:12pm
Quoting albchr
Perhaps this was the cause of the confusion? Touting that kind of leverage in your first post sure sounded like you thought is was good thing and something you wanted. Just saying.
I think the last thing we need is 250:1 leverage on the beast. Sure would not a big account to handle the volatility
When the facts change I change my mind, what do you do sir
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