How do brokers pay your leverage? How does it work?

[socrates]

Mick
Please accept my sincere apologies
The original question was how do the brokers find the money to pay for the leverage.
You answered that it was the 2 day rollover.

I have been trading for 4 years and had always thought that the 2 day rollover was just for the interest.
But you were right and I was off track. The 2 day settlement date allows the brokers to keep rolling the positions over and as such never having to come up with the leverage.

Good trading

[MickMason]

Originally Posted by socrates

Good trading

Cheers Socrates, good trading to you as well!


Mick

[gyda62]

Mick,
I hope you dont mind me asking, did you sell the pound at 1.7510 8:45 AM NY time.
cheers
helgi

[MickMason]

Originally Posted by gyda62

Mick,
I hope you dont mind me asking, did you sell the pound at 1.7510 8:45 AM NY time.
cheers
helgi

Hi helgi, long time no hear, how's it going!

Great bit of analysis there Helgi, and yes I was short but @ 1.7499 at 8:08:56 GMT, just met target now @ 1.7407, I guess we were looking at the same levels, 4hr 50%, 161.8% extension lines up nicely with 50% @ 1.7407

Perfect! And some people say the market isn't predictable, lol

Cheers


Mick

[MickMason]

....but you're absolutely right, it should have been 1.7510, though I make it 8am GMT not 8.45am EST

[gyda62]

Thanks for the clarification, i just missed it myself while i was looking at moneytec.
I am going better now that i have decided to only look at the GBP/USD. It makes things easier to monitor and catch.

Cheers
Helgi

[MickMason]

Originally Posted by gyda62

Thanks for the clarification, i just missed it myself while i was looking at moneytec.
I am going better now that i have decided to only look at the GBP/USD. It makes things easier to monitor and catch.

Cheers
Helgi

You need some extra monitors

Yup, I like Gbp/Usd as well, not just because it's my home currency but it's more often technically 'correct', plus it can move 50% more than say Eur/Usd at times.

That's me done for the week now, US durable goods tomorrow and I don't fancy the spikes! I'm off to play with the charts on my new trading platform

Have a good one...


Mick

[TraderABC]

Originally Posted by MickMason

Hi helgi, long time no hear, how's it going!

Great bit of analysis there Helgi, and yes I was short but @ 1.7499 at 8:08:56 GMT, just met target now @ 1.7407, I guess we were looking at the same levels, 4hr 50%, 161.8% extension lines up nicely with 50% @ 1.7407

Perfect! And some people say the market isn't predictable, lol

Cheers


Mick

My congratulations to you Mick, however few victories here and there don't prove anything....