You just have to live with the fact that some people know more about trading than you ever will. FYI Had George Soros used your misguided standards about trading he would have never made his famous trade on the british pound. Risk comes from not knowing what you are doing - Warren Buffett
As a little side note people who trade on a f'ing demo account have no business giving advice to people trading with real cash.
It's a whole different ball game that's for sure! You mentioned Soros earlier, I saw an interview with him and although he didn't go into specifics he was talking about risk and the returns one of his funds makes for clients, it was a very interesting interview. I recorded it so I'll see if I can find it and post the YouTube link here.
There should be a (forex) forum for reasonable folks and not for people like chipmunk. I am simply going to ignore naysayers and get my micro account to $2000 at which point I will convert it to a regular FXCM account and go from there. Maximum leverage will be 200:1 (which will affect used margin calculations) but most likely I won't go over 100:1.
ok come back when you have blown the lot! I guess the trading brokers love people like you..why not go to Vegas? You will have more fun losing it.
oh Christ..you believe Soros traded at 100:1+ leverage of everything he had under managent when he shorted stirling? R.O.F.L. you niave little shister. You are a gambler..pure and simple. You might get lucky but i doubt you even have the sense to realize this. You will lose it all...it's a matter of time.
We have to excuse the chipmunks of the forum, he's like a kid with a new toy but he doesn't realize it's true potential and probably never will. You sound like you've got a plan and know what you're doing, I hope it works out, but why FXCM? I keep reading horror stories about them :eek: