Replies to post #70053 on Simple's Green Room

[simplegreen]

GM breen and the board..interesting discussion about leverage...guess I'm just silly but the 100:1 or better leverage is fine if skill levels are good and wise money management coupled with sensible trade sizes are used but unfortunately far too many play texas holdem all in style trading with the high leverage accts.Thats dangerous IMO.I am far too conservative I know but patience is rewarded over the long haul so I will remain conservative I suppose.
My main acct is with Oanda and max they allow is 50:1...I have my acct set for only 30:1 leverage so I may have more of my cash in the trades but I can weather any storm and come out fine.I guess I tend to agree with a lot of what daiello says about money management and leverage.Highly leveraged accts can be good..but can also be quite dangerous if misused.