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Is Forex trading a game?
- Thread starter Passer's_Son
- Start date
Quote from cszulc:
That's true though. DbFX is white label of FXCM. I don't trade with them.
with a slight difference - it has the DB logo on it, why would DB agree for their name to be associated with it if it's such a shaky platform? obviously someone there thought it was a good idea to collaborate with whoever it was that wrote the program.
Quote from Leonidas:
Remember, just because you have the ability to trade 400x1 on an account doesn't mean you have to. You could have that capability and only trade 10x1, which is still enough leverage to make (or lose) a lot of money.
Remember, just because you have not the ability to trade 400x1 on an account doesn't mean anybody else could not.
Trading is a very strange phenomenon. Reminds me the old story of the elephant in a dark room. everybody touch a part of it and judge based on his own experience.
Leverage can be a formidable tool in the hands of knowledged traders.
Quote from Rhody Trader:
You might be correct for position and swing trading where the pip moves are bigger. I know I certainly don't get anywhere close to even 50:1 (my broker's max) when trading in those timeframes.
I can imagine scalpers and the like, though, can gear up at higher ratios given the smaller moves they are dealing with.
50x leverage is the max i would use. I'm rarely ever in a position longer than 15 minutes though.
the idea of retail fx trading being a game is ok
most games if not professionalized have public tournaments requiring a certain level of
expertise in order to win, as does fx trading
US etc retail fx brokers are bookmakers
in the UK there are 2 types of fx bookmakers, spreadbetting companies and fx brokers
in general spread bet profits are not taxed whereas fx profits are
maximum leverage amounts are the minimum bet an fx broker will accept
lets say a trader opens a $500 margin account to trade $25 margin mini contracts and
will risk 2 minis per trade, 10% of their account
another trader chooses with a $500 mini account to trade one $200 margin mini contract
what advantage does that margin amount provide ?
what it boils down to is how good the trader is at winning
most games if not professionalized have public tournaments requiring a certain level of
expertise in order to win, as does fx trading
US etc retail fx brokers are bookmakers
in the UK there are 2 types of fx bookmakers, spreadbetting companies and fx brokers
in general spread bet profits are not taxed whereas fx profits are
maximum leverage amounts are the minimum bet an fx broker will accept
lets say a trader opens a $500 margin account to trade $25 margin mini contracts and
will risk 2 minis per trade, 10% of their account
another trader chooses with a $500 mini account to trade one $200 margin mini contract
what advantage does that margin amount provide ?
what it boils down to is how good the trader is at winning