Good post but in short...trade on basis of True leverage=(Trade size)/(account size).

broker with 1:500 leverage

Facts!! — In interbank no one will give you more than 200:1 leverage and that also if you can move some mio/click. Till some millions per trade forget about more than 100:1 leverage, no one will offer you more than that. And if your equity ...

How Much Do You Risk Per Trade?

Where did you read indicator in my post?? — Fast instruments like GBP/JPY and EUR/JPY which move both sides hence create patterns quickly. Practicing on fast instruments on lower TFs will help you gain good experience in short period of time ...

4 Little Dragons (MMA)

The swaps would be lucrative on this

Favorite Currency Pair?

Modified Guppy or Rainbow! — I also use something like this and found it to be very effective. With MMA its easier to detect several patterns like pullback, continuation and reversals. If you want more practice demo trade on lower TF with fast ...

4 Little Dragons (MMA)

Can you please provide an example?

How Much Do You Risk Per Trade?

No I am not mixing up....guess should explain a lil more.... Many scalpers I know have a common practice, they have multiple accounts. They use one account for scalping, this account have just enough margin that makes up to their daily trading ...

How Much Do You Risk Per Trade?

Well I was just kidding and you got serious Every trader is a liquidity provider....are you not?? doing opposite of a loosing strategy will lead nowhere....why do people think they are doing something new and out of the box in centuries old ...

Novice Question

I guess this one beats Merlin's "amazing strategy"

Novice Question

If he will do exactly opposite he will still loose. Its looser's fallacy

Novice Question

Its better to trade in direction of trend.

USD/JPY Discussion

my reasons — 1. Because I can trade after office hours. 2. Because I can start small.

Why do you trade FOREX?

Congrats....you have got all figured out .....Do you write all this yourself?? anyway what an awesome day

USD/JPY Discussion

This guy, url

Yen Update (USDJPY, EURJPY, GBPJPY & AUDJPY)

Wow!!! you simply passed the verdict...lol...Evidently you haven't met people who have 8-10 yrs experience under their belt risking that much per trade. If you see scalpers who trade using CAC through Vcapfx or any other aggregator they will most ...

How Much Do You Risk Per Trade?

Tape reading?? — Price pattern means only using the quotes without charts? If yes, I am very eager to listen

how do you trade?

I second that....it entirely depends upon your strategy. If you underleverage just to do what the crowd is doing than check if it is worth the time. I know scalpers who risk 80-90 % their a/c and are comfortable with it. And there are people who ...

How Much Do You Risk Per Trade?

They always do, thats why Greenspan used to make stupid (false - no effect) statements. But thats useful only for the scalpers and momentum traders.

Which economic news are dangerous for trading?

One day impact! — News impacts are short termed in markets.....the only important information is which way the country's money is flowing (depending upon the pair of your choice). No hedge fund or bank can change the order flow direction ...

Which economic news are dangerous for trading?