GBP/JPY Equity Building Profitable trading strategies

[rrram2]

WIth FXSOL you can change your leverage while in the trade. SO if you are at 100:1 and it moves down and you are in deep you can CHANGE leverage on the FLY and reduce the used margin on your account in one click.
So maybe 100:1 is a good safety setting.

NO NO NO, that is a LIE, high leverage is NOT dangerous! only a fool doesnt use maximum leverage. WHy would I put down 40K on a 200K house if INSTEAD of putting up 20% down IF they will let me put up 0% down, I wouldn't!. The more OPM you use the better off you will be, the faster you will build wealth. The problem is not with AMOUNT of leverage but with IGNORNAT margin management. If you ignorantly manage your margin it matters not what your leverage is at ALL. Once you establish your leverage
you now get a new TRUE amount that iNCLUDES the money you efectively borrowed from your broker. now of that total amount for which you have .25% so for example you put in $250 your .25% and you get 100,000 to trade with. Now you refigure your margin useage percentage BASEeD on the total amount of your money AND your brokers you are trading. If you have now 100,000 you should not trade ever more than 10% ideally you want to be at 1-3% or even 2-5% depending on your tolerated risk. But anytime you are going over 10% of your TOTAL available margin (includes money borrowed from your broker) you are THEN in danger!

Danger comes NOT from high leverage but ignorant margin percentage useage levels!!!

Originally Posted by 4xStar

Ok, now I found it, thanks.

My leverage is still 100:1, I don't need more for now and it looks like they give me 15 cents per day but when I am short, it looks like they subtract 35 cents. I will have to spend some time figuring all this out. Also the leverage thing, I had always heard the most dangerous part of forex was the use of high leverage. But if it means you are using less of your own money, then ... why dangerous? I guess like anything else, if it is over-used it could extend you too much??

C'mon guppy, you've had your rest, let's head north again. I have exits just below 212.

[rrram2]

here she goes up following my trend line up, 212 by 9am if she keeps going ta that rate. I am not worried by NFP at all.
But I expect it to be worse than expected and move GJ at least 100 pips down if it comes out worse than expected. But it will be fast and hard...thats how she likes it

[rrram2]

"Victory belongs to the most persevering."

Napolean Bonaparte

[rrram2]

I don't know what it is going to take to fix that but I cannot post charts still.

It would be better if I could share charts again, and have always had issues on and off here with charts.

[rrram2]

"Feel the fear and do it anyways."

Susan Jeffers

Fear is that emotion that causes your body to contract!
"For God has not given us the spirit of Fear..."
I am fearless. FEAR= False Evidence Appearing Real
Don't fall for fear

[4xStar]

Originally Posted by rrram2

WIth FXSOL you can change your leverage while in the trade. SO if you are at 100:1 and it moves down and you are in deep you can CHANGE leverage on the FLY and reduce the used margin on your account in one click.
So maybe 100:1 is a good safety setting.

But anytime you are going over 10% of your TOTAL available margin (includes money borrowed from your broker) you are THEN in danger!

So where it says Used Margin (at the moment 7%) I watch that and if it goes above 10% I need to increase leverage (currently 100:1) to keep that number under 10% .. is that it?

[Andrewunknown]

Originally Posted by rrram2

I don't know what it is going to take to fix that but I cannot post charts still.

It would be better if I could share charts again, and have always had issues on and off here with charts.

I looked into all this again last night before posting that last chart. Go down to the bottom left of the page where it shows what code is enabled/disabled. Click on the "vBCode" link. Then scroll down on the next page the bottom to the [ATTACHMENT] tag. Looks like it might be disabled.

My problem is that posting a URL here for an image I have at my host produces a huge image that breaks the dimensions of the board. It's a bit obnoxious, but I can host something at imageshack to ensure it's visible. the thumbnail attachments make posts difficult to follow sometimes, and have poor resolution besides.

[rrram2]

"In the middle of difficulty, lies opportunity."

Albert Einstein

[Andrewunknown]

Originally Posted by 4xStar

So where it says Used Margin (at the moment 7%) I watch that and if it goes above 10% I need to increase leverage (currently 100:1) to keep that number under 10% .. is that it?

Increased leverage = decreased used margin, so bumping your leverage up from 100:1 would have the effect of reducing your percentage.

[rrram2]

Well where your accoutn blows up is at 100%, if you are sitting watching the markets, Dont change your leverage now, or you reduce your interest.
100:1 pays higher interest than 200-400:1. This changing leverage while in the trade is to your advantage in a run down! if you are near getting sold out then you would increase it. Or if you go away and leave your trades open and are gone for a long time I would change. But changing now will only reduce the interest earned. 10% is ok not really near 100%
better safe than sorry.

Originally Posted by 4xStar

So where it says Used Margin (at the moment 7%) I watch that and if it goes above 10% I need to increase leverage (currently 100:1) to keep that number under 10% .. is that it?