Chinook's EUR/USD (E/$)Mumblings

Thanks. I'll check it out.

 

FXsol gives 1:400. For 10.000 you can trade 4 millions.

 

Yes, but at that leverage the length of your trading career will probably be measured in seconds.

 

Let's make it miliseconds

 

Yes - a 25 pips loss, and you are gone.

 

You can try the chat at moneytec.com. There are a lot of forex traders there.

 

And you get up to 300 dollars in free bonus if you open an account with FXsol. It's like a internet-casino...

 

Thanks I'll check it out.

 

While we are on the subject of leverage...could I ask traders here what leverage(s) they use -- let's say in the USDEUR? I am kinda new to FX -- started last week with leverage of about 54 -- too much? too little?

I calculated leverage as (I trade the futures- Euro 125K each):

(# of futures contracts) X (Euro 125K/contract) X (usd/eur rate 1.33) then divided it by (acct size in USD).

I am not a pure daytrader -- I might scalp here and there but plan to hold positions overnight or even a few days. Any discussion on leverge might be beneficial. thanks.

 

You can also try the chatroom at forexnews.com