Comments on: Trading Forex without (much) leverage. http://fxmadness.com/2009/04/11/general/trading-forex-without-much-leverage/ This blog goes where few traders dare - the exciting world of Forex outside the dollar! Sun, 14 Mar 2010 04:12:43 +0000 http://wordpress.org/?v=2.3.1 By: Hamza Akbour http://fxmadness.com/2009/04/11/general/trading-forex-without-much-leverage/#comment-5311 Hamza Akbour Thu, 25 Feb 2010 10:00:11 +0000 http://fxmadness.com/2009/04/11/general/trading-forex-without-much-leverage/#comment-5311 To all of you out there, this is a great blog!!! I am in forex market for a year and half, and at the end I got to the conclusion that leverage is a killer that will blow up all your savings. Maximum leverage I can suggest for anyone, I said max is 4:1. from my experience, there is no way you can lose if you go 4:1 or lower. I am sure it is not attractive, but in the long run, you will succeed and compound your earnings. I learned about leverage the hard way, but thank god I only blew up one live account which is not a waste, but I look at as if I went to the university and paid for classes to get experience. Thanks for sharing these info with us. The law of giving and receiving helps. give ideas and you will get more ideas from someone else.;) Happy trading everybody. To all of you out there, this is a great blog!!! I am in forex market for a year and half, and at the end I got to the conclusion that leverage is a killer that will blow up all your savings. Maximum leverage I can suggest for anyone, I said max is 4:1. from my experience, there is no way you can lose if you go 4:1 or lower. I am sure it is not attractive, but in the long run, you will succeed and compound your earnings. I learned about leverage the hard way, but thank god I only blew up one live account which is not a waste, but I look at as if I went to the university and paid for classes to get experience.
Thanks for sharing these info with us.

The law of giving and receiving helps. give ideas and you will get more ideas from someone else.;)

Happy trading everybody.

]]> By: Leo http://fxmadness.com/2009/04/11/general/trading-forex-without-much-leverage/#comment-4919 Leo Sun, 17 Jan 2010 13:45:51 +0000 http://fxmadness.com/2009/04/11/general/trading-forex-without-much-leverage/#comment-4919 Dig dig dig...:) Dig dig dig…:)

]]> By: GeneTinsley http://fxmadness.com/2009/04/11/general/trading-forex-without-much-leverage/#comment-3458 GeneTinsley Sat, 10 Oct 2009 01:28:59 +0000 http://fxmadness.com/2009/04/11/general/trading-forex-without-much-leverage/#comment-3458 Hey, great blog...but I don’t understand how to add your site in my rss reader. Can you Help me, please :) Hey, great blog…but I don’t understand how to add your site in my rss reader. Can you Help me, please :)

]]> By: how much would you NEED??? - MoneyTec 2.0 Social Networking Community http://fxmadness.com/2009/04/11/general/trading-forex-without-much-leverage/#comment-2700 how much would you NEED??? - MoneyTec 2.0 Social Networking Community Sat, 22 Aug 2009 16:34:03 +0000 http://fxmadness.com/2009/04/11/general/trading-forex-without-much-leverage/#comment-2700 [...] You would need 100,000 or so (depending on the pair traded) in order to trade full lot without leverage. You don't need that. There are brokers who allow trading in much smaller size, either mini account, or even any size imaginable, like $1500, or $22,222 [...] […] You would need 100,000 or so (depending on the pair traded) in order to trade full lot without leverage. You don’t need that. There are brokers who allow trading in much smaller size, either mini account, or even any size imaginable, like $1500, or $22,222 […]

]]> By: Half year mark. | fxmadness.com http://fxmadness.com/2009/04/11/general/trading-forex-without-much-leverage/#comment-2275 Half year mark. | fxmadness.com Sun, 28 Jun 2009 15:39:05 +0000 http://fxmadness.com/2009/04/11/general/trading-forex-without-much-leverage/#comment-2275 [...] software or robot, hence “discretionary” trading. In early April I went over my sample results for first quarter of the year. That post focused on not using much leverage and this trend continued. Most of the [...] […] software or robot, hence “discretionary” trading. In early April I went over my sample results for first quarter of the year. That post focused on not using much leverage and this trend continued. Most of the […]

]]> By: No leverage Forex, again. | fxmadness.com http://fxmadness.com/2009/04/11/general/trading-forex-without-much-leverage/#comment-1929 No leverage Forex, again. | fxmadness.com Sun, 31 May 2009 16:06:10 +0000 http://fxmadness.com/2009/04/11/general/trading-forex-without-much-leverage/#comment-1929 [...] I probably will not do again this year. The earlier post mentioned at the top of the page is Trading Forex without (much) leverage. It is suggested to read it if something here needs explanation. At any rate, here is a comment [...] […] I probably will not do again this year. The earlier post mentioned at the top of the page is Trading Forex without (much) leverage. It is suggested to read it if something here needs explanation. At any rate, here is a comment […]

]]> By: admin http://fxmadness.com/2009/04/11/general/trading-forex-without-much-leverage/#comment-1927 admin Sun, 31 May 2009 15:54:53 +0000 http://fxmadness.com/2009/04/11/general/trading-forex-without-much-leverage/#comment-1927 Hi Lee, I will address some of the issues you raised here in my next post. Hi Lee, I will address some of the issues you raised here in my next post.

]]> By: Wang Lee http://fxmadness.com/2009/04/11/general/trading-forex-without-much-leverage/#comment-1926 Wang Lee Sat, 30 May 2009 12:34:47 +0000 http://fxmadness.com/2009/04/11/general/trading-forex-without-much-leverage/#comment-1926 Dear Mike, I started trading forex since last couple of weeks. Unfortunately, i made losses using 200:1 leverage initially. Then, my account manager suggested me to use 100:1 leverage. I still made substantial losses. Now i dont want to try leverage at all. I cant afford to lose anymore. So, i did a google search on trading forex without leverage or 1:1 leverage. To my surprise, mostly all people love the leverage feature and says its the best thing in trading forex. I do not understand how... I agree that using leverage, i can just invest 20 $ and still trade 2000$ and with little movement in market I can make 100 % profit , this is good feature... yes... But it worked opposite for me.. Why not i invest 2000 $ , and trade 2000 $... I dont mind waiting until the market goes in my favor... I dont mind holding up 2000 $ for a long time, I dont mind taking small profits like 5% or 10 % for holding 2000 $ in an open deal, As long as i can get a guarantee that I will NOT lose a penny... I just came across your blog and i was glad to see that atleast you and few other people here feel trading without leverage or less leverage ( 2:1 )is not wrong. I would love to know, if anyone feels i am wrong. thank you. Email: lee.hardware@hotmail.com Dear Mike, I started trading forex since last couple of weeks. Unfortunately, i made losses using 200:1 leverage initially. Then, my account manager suggested me to use 100:1 leverage. I still made substantial losses.

Now i dont want to try leverage at all. I cant afford to lose anymore. So, i did a google search on trading forex without leverage or 1:1 leverage. To my surprise, mostly all people love the leverage feature and says its the best thing in trading forex. I do not understand how…

I agree that using leverage, i can just invest 20 $ and still trade 2000$ and with little movement in market I can make 100 % profit , this is good feature… yes… But it worked opposite for me..

Why not i invest 2000 $ , and trade 2000 $…
I dont mind waiting until the market goes in my favor…
I dont mind holding up 2000 $ for a long time,
I dont mind taking small profits like 5% or 10 % for holding 2000 $ in an open deal,
As long as i can get a guarantee that I will NOT lose a penny…

I just came across your blog and i was glad to see that atleast you and few other people here feel trading without leverage or less leverage ( 2:1 )is not wrong.

I would love to know, if anyone feels i am wrong.

thank you.
Email: lee.hardware@hotmail.com

]]> By: Vitaliy http://fxmadness.com/2009/04/11/general/trading-forex-without-much-leverage/#comment-1862 Vitaliy Sun, 24 May 2009 14:24:20 +0000 http://fxmadness.com/2009/04/11/general/trading-forex-without-much-leverage/#comment-1862 This is one of the best pieces on trading I ever reasd. Great job! This is one of the best pieces on trading I ever reasd. Great job!

]]> By: admin http://fxmadness.com/2009/04/11/general/trading-forex-without-much-leverage/#comment-1328 admin Tue, 14 Apr 2009 03:03:32 +0000 http://fxmadness.com/2009/04/11/general/trading-forex-without-much-leverage/#comment-1328 Thank you. That trade didn't have a stop order at all. As a matter of fact I would have added if the price dropped to as low as 130.00. This was talked about in one of the posts. I waited for this trade some some time and not sure what post it was in. I'm still sitting on half of that trade and looking for 162.00. If the price drops to 130 I'll buy again. This trade was taken using daily chart so large swings (comparing to others) are allowed. I will be buying smaller swings, too, but in different accounts. Some trades have a fixed stop/loss, like the one from yesterday. I trade few different techniques here, so S/L's are different, but most of the time I look at a price behavior around previous high/low, 100 SMA, Fib numbers or best combination of them. It is different almost every trade. That's why it is discretionary not systematic. Thank you. That trade didn’t have a stop order at all. As a matter of fact I would have added if the price dropped to as low as 130.00. This was talked about in one of the posts. I waited for this trade some some time and not sure what post it was in. I’m still sitting on half of that trade and looking for 162.00. If the price drops to 130 I’ll buy again. This trade was taken using daily chart so large swings (comparing to others) are allowed. I will be buying smaller swings, too, but in different accounts.
Some trades have a fixed stop/loss, like the one from yesterday. I trade few different techniques here, so S/L’s are different, but most of the time I look at a price behavior around previous high/low, 100 SMA, Fib numbers or best combination of them. It is different almost every trade. That’s why it is discretionary not systematic.

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