Is it possible to trade a small FOREX account up to $100 Million?

Does this mean that if you have 5k initial deposit into your account that you use 1k of margin?...that is about 10:1 leverage?

Michael B.


I only have about 20% of my account in the market at any one time.
 
I think we are using the word "hedge" differently. If you mean putting in two trades at the same price as the hedge, then yes I would have 1/2 of the hedge left when one side closes. Normally, this does not happen. Here's why.

My trade station permits hedging which means that I can enter trades in the opposite direction and close them out when they are in profit, mostly by letting them run to their original T/P. For me the definition of a hedged trade is when I have opposite trades open. As the market ranges these trades will close out in profit. But if the market shifts, I will have to scalp up replacement pips. Or if I cannot enter a trade because of my 20% rule and I want to get back in the market instead of waiting, I will close out a trade or two which frees up margin within the 20%.

Hope this clarifies things.
 
Its 1:55 EST and an nice scalp is forming. Actually it is a bit late but any place around 1.1857-60 is a good entry with an exit at
1.1835. This will probably happen before 5:00 a.m. EST. I will not be staying up to watch it but It could go to 1.1810 before the NY open.

Then I will have to take another look.
 
PipsGalore,

I guess I am just tired. I will wait until the morning and re-read. Thanks for you patience. I know you did not start this thread to not only talk about your trading but about your money managment too. I seem to get stuck on things and need to tighten every nut and bolt before I can move on.

You will most likely get some responses to this thread. They may be a bit negative, but you must understand that these are some wild claims you are making (purposely done).

Michael B.
 
I will never understand why some people think hedging
works by opening opposite trades in same trading instrument
Why is better to buy 1 lot at 116.50 and then when trade go against you you sell(hedge) 1 lot at 116.30 as opposite to closing that trade at 116.30
What is logic behind it?
Only thing that you accomplish is losing additional 3 pip commission spread.
I think that is curse that oanda started with realized and unrealized profit they showing, so some traders get so exited when they see realized profits go up every day and think
that unrealized profits can be erased somehow by doing
more hedging.
 
Yes, just read a Tony Robbins book, think positive, believe you can do it and you're sure to get there.

And don't believe the people who say you have to have a hell of a lot of natural talent in the first place or for 99.9% of people it's impossible. They'e just negative.......
 
Quote from PipsGalore:

Illiquid aren't you confusing slippage with spread? When the spread is 3 pips per trade that is the cost of this business, the spread.

When you enter or exit at one price but your trade station fills it at different price that is not in your favor that is slippage as I understand it.
More...

doh??

slippage has everything to do with spread and its widening.
 
Quote from PipsGalore:

Illiquid aren't you confusing slippage with spread? When the spread is 3 pips per trade that is the cost of this business, the spread.

When you enter or exit at one price but your trade station fills it at different price that is not in your favor that is slippage as I understand it.
More...

You're forced to trade eur/usd at 3-5 pip spread while the rest of the world trades at 1. In this case, "slippage" would be the kindest euphamism for asschurning.
 
I trade right now at a 2 pip spread on the Euro/$ so by your defination of slippage I am paying 4 pips. Only thing is I get the profit on both sides. Call this quasi-hedging or whatever, it seems to work for me. Semantics are not that important to me.

I don't have trades open on both sides all the time. Only when it is necessary. But that is not what this thread is about. Its about cash management first and trading second.

All the best to everybody
 
I read a tony robbins book once, damn that huge jawbone guy is inspirational.
Regarding the topic, Im guessing your "connections" are the answer to your questions. Get the connections, or fugeddabo-udit.
 
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