Just got off the phone with a bud of mine. He's a prop trader. The issue of ForEx came up -- an area I know nothing about. He started to tell me that he enjoys up to 1200:1 leverage on ForEx traders. I smelled bullshit at first but since I know very little about ForEx I can't tell for certain if he is pulling my leg or not. Anyone know for certain. I assume a prop firm could set the leverage to whatever they want but 1200:1 seems outrageous.