Using max leverage on a single trade? Good luck with that.
FX Trades - 2012
- Thread starter fxtraderjohnny
- Start date
Using max leverage on a single trade? Good luck with that.
IB lets you use 40 to 1 leverage on FX trades.
A 200K account taking a $8M position would be using max leverage.
Taking a 200K position is using zero(or close to zero) leverage.
A 200K account taking a $8M position would be using max leverage.
Taking a 200K position is using zero(or close to zero) leverage.
Bought 200K AUDCAD at 1.0194
P&L (Trade #4) = -CAD 160
P&L (Trade #4) = -CAD 160
Quote from RCG Trader:
Using max leverage on a single trade? Good luck with that.
he can use all the leverage he wants bcuz he's trading with monopoly money....
let him trade with a real acct and see how fast it implodes...
Bought 200K of NZD/CAD at .8026, stop at .7986. profit 100k at .8076 and 100k at .8126
Sold 200k of NZD/CAD at .8000
P&L ( Trade #5) = -CAD 520
P&L ( Trade #5) = -CAD 520
Sold 200k of GBP/JPY at 1.2999, stop at 1.3039
Covered 100k of GBP/JPY at 1.2959 for a profit of JPY 40,000
Stop on the other 100k moved to 1.2999 and profit target of 1.2919
Stop on the other 100k moved to 1.2999 and profit target of 1.2919
Trade #7 - Bought 200k of EUR/AUD at 1.2826, stop at 1.2751
Limit buy of 100k GBP/JPY at 129.19 got triggered overnight.
P&L(trade #6) = JPY 120,000
P&L(trade #6) = JPY 120,000