InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,447.87
(
-0.31%
)
US TECH 100
18,982.40
(
-1.17%
)
Dow Jones
39,411.21
(
0.67%
)
Brent Oil
85.25
(
-0.03%
)
Bitcoin
61,357.40
(
1.82%
)
Post# of 140146
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

daiello

Send PM Follow Ignore
Followers 196
Posts 21897
Boards Moderated 1
Alias Born 03/06/2007

daiello

Re: BlackThought post# 70000

Tuesday, 09/28/2010 10:30:38 PM

Tuesday, September 28, 2010 10:30:38 PM

Post# of 140146
With 100:1 leverage on a $500 account you can go in a max of 36k units, or roughly $3.6 a pip.

Regardless of your unit size, you need a big move to be satisfied with profits, and anyone who has been trading long enough, will tell you that kind of unit size with that account size is crazy. One bad trade (and yes, bad trades happen) will ruin the account, and that's 100:1, 400:1 is 4x riskier.

I used 400:1 when I saw Forex as a get rich quick type of scenario, needless to say, it didn't work out.

I didn't mean to sound rude to him, I just honestly don't see a point in anyone needed anymore than 50:1, let alone 100:1.

To be successful in the trading game, find a sound strategy and then learn and understand the rules of your strategy.

Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up