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- m78 replied Mar 29, 2010
does it make sense if you're making under $200K/year to do that ? I mean federal tax for under $200K is currently 15%
Could 10:1 be the new leverage in US Forex?
- m78 replied Mar 24, 2010
are you using a tight SL ??? What kind of spreads are you getting currently ? Any slippage when buying/selling 1MILs ?
Central Banks & Big Players
- m78 replied Mar 24, 2010
it's pretty long but it seems NFA quietly encourages CFTC to understand that on majors 100:1 is fine ...
Could 10:1 be the new leverage in US Forex?
- m78 replied Mar 22, 2010
1% is 100:1 and 2% is 50:1 here if you want to read in english url it says: "If you have an account Trader, the margin required to operate in the following markets is 1% on the total value of the position: EUR / USD, GBP / USD, USD / JPY, USD / ...
Could 10:1 be the new leverage in US Forex?
- m78 replied Mar 7, 2010
well it seems exit tax is already a law .... url it says "In fact, anyone who has $600,000 in assets and a lust for becoming a citizen of France, Italy or maybe an island in the Pacific should take note of this one. Thanks can be given to a bill ...
Could 10:1 be the new leverage in US Forex?
- m78 replied Mar 5, 2010
can you tell us which broker are you using and if you're paying commissions per order ?
Scalping 10 sec., 30 sec., M1
- m78 replied Mar 3, 2010
that $500 is this the deposit/margin for opening 1 contract ?
FXCM Micro becoming No Dealing Desk
- m78 replied Mar 3, 2010
what does it mean "$500 day trading margin" ??? If I have $10K in my account how much of the euro futures can I buy before they liquidate my contract ? Eg: with 400:1 fxcm uk I can buy $10K/$2.5 = 4MIL of USD/JPY (40 x 100,000) ... and $10K/3.75 = ...
FXCM Micro becoming No Dealing Desk
- m78 replied Mar 3, 2010
yes, but with FXCM UK Micro you have about 200:1 real margin (400:1 on some currencies like USD/CHF or USD/JPY) what's the margin on futures ?
FXCM Micro becoming No Dealing Desk
- m78 replied Mar 3, 2010
no dealing desk on micro accounts — FXCM is increasing the cost of trading by 1 pip on micro accounts ... Officially it's because now the trades go to the banks ... well lucky you if you can have $10K in your account you can still keep the 1 ...
FXCM Micro Account Trading Environment Test
- m78 replied Mar 1, 2010
blowing your account — Forexcube, what is the probability of blowing an account with your method according to you ? Also each day when you start trading do you know blowing your account is nearby or do you feel secure with your method ? I ...
Scalping 10 sec., 30 sec., M1
- m78 replied Jan 25, 2010
I'm aware of $5k/month funding limit with a credit card but I don't think there's a limit on the wire transfers ... I had a US account that I funded two months in a row with $5k so I had $10k and it was OK ... Jason, please confirm that you can fund ...
FXCM Micro Account Trading Environment Test
- m78 replied Jan 25, 2010
I could fully endorse FXCM if they allowed telephone calls IN CASE OF PLATFORM FREEZE to close the trades through the phone; this is the only thing you have to fix ... well other than maybe offering truly 400:1 on all currencies and not basing it ...
FXCM Micro Account Trading Environment Test
- m78 replied Jan 25, 2010
I don't think they have a maximum ... however it's not truly 400:1 since if you have USD account GBP/USD will be ~250:1 (eg: 400/1.6) and EUR/USD will be ~285:1 (eg: 400/1.4)
FXCM Micro Account Trading Environment Test
- m78 replied Jan 20, 2010
he was talking about stocks where leverage is 2:1 you intelligent person!
Could 10:1 be the new leverage in US Forex?
- m78 replied Jan 20, 2010
Well they only way to withdraw is with the check... Jason, can you tell us what happens if the check is lost in the mail ?
FXCM Micro Account Trading Environment Test
- m78 replied Jan 20, 2010
the brokers have lawyers and they say it's 10:1 ... so for example if you have USD based account and you trade GBP/USD and it's at 1.6 then your real leverage will be 10/1.6:1 which is 6.25:1 so you'll have to have $100K/6.25 = $16K in your account ...
NFA Confirms New Leverage Requirements for US FCMS
- m78 replied Jan 20, 2010
if you have USD based account with FXCM UK then 200:1 is only for currencies such as USD/blah ... EUR/USD is about 200/1.4:1 = 142:1 and GBP/USD is about 200/1.6 : 1 => 125:1 so it's not that good after all ... The NFA rule made almost all UK ...
New Leverage rule for FX COMING?
- m78 replied Jan 19, 2010
I did not get anything ... did you include your full address including a phone number ? I only included city name and state ...
New Leverage rule for FX COMING?
- m78 replied Jan 18, 2010
you didn't get it ... so I'll have to give you an example 1) you have 10,000 USD in your account 2) you risk 0.5% per trade max 3) your smallest stop loss is 30 pips (including spread) 4) 0.5% out of 10K is $50 which you risk 5) $50/30 pip = 1.66 ...
New Leverage rule for FX COMING?