DislikedOh I wasn't asking anyone to 'open up their private trading system or trade journals', I just wondered how you use 100:1, especially when it comes to risk management, all I was interested in was a simple hypothetical example.Ignored
Disliked100:1 leverage is just fine for forex they did a good job with that no need to lower it any more, me my self didn't come in with a lot of money but i was able to start small and now this is how i make my living, so im fighting for the small guys here the ones that don't have 10k to start but started like me with very small account and grew it day by day, so i know for a fact you don't need 10k to start to end up making a living from this businessIgnored
And besides, (here is my copy & paste of my previous post):
Dislikedpip, that's NOT the point! How much leverage to use when trading a particular investment instrument is not anybody's business but the traders'. It's up to the traders to decide how much and how and when to use leverage in their trading business. It's their trading business, their trading venture, CFTC or NFA or anybody no business in there!! Whether traders need to or actually use high leverages is IRRELEVANT here!Ignored
DislikedHey, the manufacturers of my car say it's capable of 150 MPH. I'm a good driver, I can handle that kind of speed. The government says I'm only allowed to do 70 MPH. I WANT TO BE ABLE TO DO 150 MPH IF I WANT TO, IT SHOULD BE MY CHOICE, WHO ARE THEY TO TELL ME HOW TO DRIVE etc etc etc!! (I don't actually want to drive at 150 but that's irrelevant, right?)
I'm sure you get my drift.....Ignored
Because 1) We are not able to conclude that your "good of your driving" is able to "handle" driving at 150 MPH judging by the way you go back and forth on the same arguments that have already been resolved (although just for the sake of this discussion, we will assume you are.)
2) Still, this driving metaphor is not applicable here because driving at high speed and trading at high leverage are two totally different things. You cannot compare apples with oranges. Assume you are able to drive at high speed, driving at high speed would potentially endanger the lives of other drivers on the road under some circumstances beyond your control and that it is why the government has taken the steps to limit the speed limit because your action could potentially destroy other drivers' lives. Whereas trading at high leverage is something completely personal to the traders and would NOT endanger other people's lives or livelihood and trading is something that is totally within someone's control. So trading at certain leverage is a personal choice and shouldn't be limited by any "rules" or "regulations".
Make your losses in demo. Earn your profits live.