SFX Divergent Daily Advice

[SoundFX]

Originally Posted by MickMason

Yup mine too 'Big Mama' top picking 400:1 leverage pure entertainment.

'Ben Bernanke Day'.....lol they're kidding right?

Mick

Well Mick we'll work this out tomorrow. Seems you are quite the Euro bull at this point you may be right. Gotta work out the details in the morning. I love when folks poke fun at me.

-SFX

[MickMason]

Originally Posted by SoundFX

Well Mick we'll work this out tomorrow. Seems you are quite the Euro bull at this point you may be right. Gotta work out the details in the morning. I love when folks poke fun at me.

-SFX

lol I wasn't poking fun at you you know the dangers of 400:1 better than anyone. I do actually enjoy reading your posts about divergence it's just the extreme leverage that raises an eyebrow....

I'm not in Eur/Usd right now I was in a short Eur/Jpy then a long for the grind up yesterday then a short at 161.8%. Eur/Usd is still in a range right now is in no-man's-l....

NFP today I think I'll just watch!

I wasn't having a go ht


Mick

[yardie]

Tell me something. Isnt $1 per pip the same on a 400:1 account as it is on a 50:1 account? IN order words if you lose a trade by 50 pips -- wont you lose $50- whether the account is 400:1 or 50:1?

[MickMason]

Originally Posted by yardie

Tell me something. Isnt $1 per pip the same on a 400:1 account as it is on a 50:1 account? IN order words if you lose a trade by 50 pips -- wont you lose $50- whether the account is 400:1 or 50:1?

Sure that's true. Leverage offered isn't the issue though it's how the trader uses it.

Brokers only offer ridiculous leverage like 400:1 to increase their own revenue they rely on the get-rich-quick mentality of new traders.

Get-rich-quick inevitably leads to get-poor-quicker.

Good money management is behind every consistently profitable trader.


Mick

[yasirdxb]

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[mosad2]

Originally Posted by MickMason

Sure that's true. Leverage offered isn't the issue though it's how the trader uses it.

Brokers only offer ridiculous leverage like 400:1 to increase their own revenue they rely on the get-rich-quick mentality of new traders.

Get-rich-quick inevitably leads to get-poor-quicker.

Good money management is behind every consistently profitable trader.


Mick

U know Mick every new trader keeps reading all about this but never learn
just reading the words
I got knocked down by Mr. Market several times everytime I read a text about forex
I found it in between the lines never do so so
u never know what risk management means till u loose a good punch of money in one trade
u never know how high leverage is so dangerous till u over leverage ur account maybe end with a margin call
alot of lessons that mr market teach u in a tough way

[SoundFX]

GEEZI slept right through NFP just like last month. Oh well. Nothing changed yet. Looks like things are going in the anticipated direction thus far.

[SoundFX]

Ha ha! There we go baby. Sometimes its a tough hold but with stamina pays off.