Leverage beyond 1:100?

Quote from fluttrader:

COUNTERPARTY DISCLOSURE :

THE FOREIGN CURRENCY TRADING YOU ARE ENTERING INTO IS NOT CONDUCTED ON AN EXCHANGE. FXCM
IS ACTING AS A COUNTERPARTY IN THESE TRANSACTIONS AND, THEREFORE, ACTS AS THE BUYER WHEN
YOU SELL AND THE SELLER WHEN YOU BUY. THE PRICES FXCM OFFERS MIGHT NOT BE THE BEST PRICES
AVAILABLE AND FXCM MAY OFFER DIFFERENT PRICES TO DIFFERENT CLIENTS.
ALTHOUGH FXCM IS THE COUNTERPARTY TO EACH OF YOUR TRADES, IF YOUR ACCOUNT(S) IS TO BE
TRADED UNDER A “NO DEALING DESK” MODEL FXCM LIMITS RISK TO ITSELF BY IMMEDIATELY HEDGING
(OFFSETTING) THE TRADES AND POSITIONS IT ENTERS INTO WITH YOU 1-FOR-1 WITH ONE OF SEVERAL BANK
MARKET MAKERS. AS A RESULT, FXCM DOES NOT PROFIT WHEN YOU LOSE MONEY ON A TRADE. RATHER,
FXCM IS COMPENSATED BY MARKING UP THE PRICE IT RECEIVES FROM THE BANK MARKET MAKER.
IN SOME CIRCUMSTANCES FXCM MAY ELECT TO REMOVE YOU FROM “NO DEALING DESK” MODEL. FXCM WILL
NOTIFY YOU AT THE TIME THAT IT DOES SO. IN SUCH A SITUATION, YOU SHOULD BE AWARE THAT FXCM MAY
MAKE MORE MONEY IF THE MARKET GOES AGAINST YOU. ADDITIONALLY, SINCE FXCM ACTS AS THE BUYER
OR SELLER IN THE TRANSACTION, YOU SHOULD CAREFULLY EVALUATE ANY TRADE RECOMMENDATIONS
YOU RECEIVE FROM ANY OF FXCM’S REFERRING BROKERS. FXCM ITSELF DOES NOT PROVIDE
INDIVIDUALIZED CLIENT TRADE RECOMMENDATIONS.

https://secure2.fxcorporate.com/fxt...w_trading_agreement&ib=FXCM&locale=en_US_FXCM
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And your point is...?
 
Quote from chipmunk:

Cabletrader: You prick. I know more about trading than you think.

so I am demo trading FX until I get used to the market...what's wrong with that? I know about risk/reward and people taknig on far too m uch risk. So what is your point asshole? Do you have one?

That statemnt I put up last wek was an apreoximate.....SOME OF YOU GUYS ON HERE ARE ITCHING FOR A FIGHT EVERY TIME AREN'T YOU? WHY?


So answer my question.....you think going on margin of 50:1,100:1 is fine.......risk of ruin not a problem? Yeah, yeah you are trading 1000:1 masrgin and making $10,000 every day. LOL Seen it all before kiddie

Is there an ignore button here? Cabletrader is going on it.
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You just have to live with the fact that some people know more about trading than you ever will.


FYI Had George Soros used your misguided standards about trading he would have never made his famous trade on the british pound.


Risk comes from not knowing what you are doing - Warren Buffett
 
Quote from IShopAtPublix:

As a little side note people who trade on a f'ing demo account have no business giving advice to people trading with real cash.
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It's a whole different ball game that's for sure!

You mentioned Soros earlier, I saw an interview with him and although he didn't go into specifics he was talking about risk and the returns one of his funds makes for clients, it was a very interesting interview. I recorded it so I'll see if I can find it and post the YouTube link here.
 
Quote from cabletrader:

It's a whole different ball game that's for sure!

You mentioned Soros earlier, I saw an interview with him and although he didn't go into specifics he was talking about risk and the returns one of his funds makes for clients, it was a very interesting interview. I recorded it so I'll see if I can find it and post the YouTube link here.
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There should be a (forex) forum for reasonable folks and not for people like chipmunk.

I am simply going to ignore naysayers and get my micro account to $2000 at which point I will convert it to a regular FXCM account and go from there. Maximum leverage will be 200:1 (which will affect used margin calculations) but most likely I won't go over 100:1.
 
ok come back when you have blown the lot! I guess the trading brokers love people like you..why not go to Vegas? You will have more fun losing it.
 
oh Christ..you believe Soros traded at 100:1+ leverage of everything he had under managent when he shorted stirling? R.O.F.L. you niave little shister.

You are a gambler..pure and simple. You might get lucky but i doubt you even have the sense to realize this. You will lose it all...it's a matter of time.
 
Quote from IShopAtPublix:

There should be a (forex) forum for reasonable folks and not for people like chipmunk.

I am simply going to ignore naysayers and get my micro account to $2000 at which point I will convert it to a regular FXCM account and go from there. Maximum leverage will be 200:1 (which will affect used margin calculations) but most likely I won't go over 100:1.
More...

We have to excuse the chipmunks of the forum, he's like a kid with a new toy but he doesn't realize it's true potential and probably never will.

You sound like you've got a plan and know what you're doing, I hope it works out, but why FXCM? I keep reading horror stories about them :eek:
 
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