I have no idea where this is going, bought one dip Aussie when the E/U touched 1.4900, closed all 3 at .9360. Bernanke spews some strange shit, and it is hard for the market (and me) to digest.
Everyone on ET trades 100:1 leverage. Wins 90% of the time and makes 500%+ per annum. Drawdowns..risk contro..that's for pussies.
Nice to see that in addition to getting answers to your questions you are also getting lots of unsolicited trading advice from guys who would give an arm and leg to do 55% PA let alone PM. You're past the rookie stage and think you are conservative and your results will tell you if you are. If your returns are consistently up and you have a MM policy to cope with adverse results then you are conservative. Some here are talking about stock-style leverage for Fx trading. Nuff said? Nothing wrong with doing 100% pm in Fx so aim to improve. Good trading and good luck.