Quote from crgarcia:
Most pros, real pros at investment funds; never use more than 10:1, why should you?
In fact many use FX futures with additional cash, to reduce leverage.
That 10:1 is what I'm after...with, as you say, cash to back the trade. As the trade moves more in my direction, I can reduce the cash position. I bought that book and I'm hoping to work through examples that I can apply to the plan.
Then I have to figure if it'll be more profitable to put myself in an illiquid, far out position and sit there, or play the more liquid position and roll contract to contract.