I am going to start doing some discretionary FX day trading. I will be trading the major FX pairs. Starting account balance is about Â£4700. I will be betting Â£0.5 per pip for every Â£100 i have in my account. So the first bet will be Â£23.5 per pip. I think i will be controlling about Â£235,000 worth of currency positions with my starting balance. Around 50:1 leverage. The plan is to make only one or two 'high probability' trades per day. I will report my progress at the end of the day. This is high risk trading, do not attempt unless you are prepared to suffer 100% (or more) account wipeout. This type of high leverage trading requires many years of experience. I will be using stop losses on all my trades, which will be held fairly close to the entry price, but still 10% (or more) of my account may be lost in single trade.