A few questions

[pipgod]

rhodytrader,

I have respect for your knowledge and wisdom.

Please do not defend yourself. You are fine. Please understand that I am not talking to the fine people of Babypips.com.

If I have offended anyone I am very sorry.

Please, I ask for your forgiveness.

[pipgod]

For the record:

Who has years of experience that I have herd speak?

If there is one, and he does not understand what I meant, I apologize.
I truly am sorry.

To all others, if you think about what I said (with out taking offense) you will have an awesome future.

[rhodytrader]

Originally Posted by pipgod

If you increase leverage and not the lots, ( to the many who are only reading and not posting ) the benefit is HUGE.

For the sake of the lurkers then, why don't you explain exactly what you mean when you say this.

[pipgod]

If my brother was reading this (who is not a member) he would be mad at me.

Again I am sorry , I am not speaking to the good people of Babypips.com.

[pipgod]

Now that I read back, the reason for the caps is to OVER STRESS the point.

Sorry rhodytrader.

[pipgod]

Ya know, I can't spell a lick.

Most everyone knows this already.
As my son would say "Like father, like son".


I use spell check most of the time. The thing with that is spell check doesn't do grammar. I have a hard time sounding smart. The only reason I want to sound smart is so that someone (if only one) would learn a little and improve there life the way they wish.

I am not as smart as most of the people at Babypips. I do get some pip sometimes. The point is that if I can get pips every now and then so can anyone else.

[pipgod]

Thanks for listening.

[colin]

Dirk du Toit wrote a pretty decent two part series on leverage a while back.

It's vitally important to know the correct meaning of words such as leverage, margin and gearing. You have to be able to see through the marketing blitz from all the forex brokers and understand that the ability to borrow all the money that they're offering isn't necessarily in your best interests.

Articles that might be of interest are Leverage is not even a double-edged sword, it’s a guillotine - and your head is on the block – PART 1 and PART 2.

[pipgod]

colin,

Thank you sir. That was an awesome read. The wonderful people out side and inside Babypips.com have more information to make an educated decision. I recommend the read to everyone.

[pipgod]

Can anyone answer this question?

I have a $10,000 demo and I want to risk 1% of my capital. The leverage is 100:1. I open a lot position short on the EUR/USD. If the EUR/USD moves 100 pips long what is my loss? If the EUR/USD moves 100 pips short what is my profit?


I have a $10,000 demo and the leverage is 200:1. I open a lot position short on the EUR/USD. If the EUR/USD moves 100 pips long what is my loss? If the EUR/USD moves 100 pips short what is my profit?

Each demo has a trade of only 1 lot.