Quote:
Originally Posted by marketsmart
ok
$10k forex acct
short the dollar at 200 to 1 acct
use only 10% of your acct
so $10k = $1k playable money
$1K playable = $200k in forex contracts...
1/2% increase = $1k
thats the basic idea, there is a little more to it, but overall it works, trust me...
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10% of your account on one single trade in the forex market with 1:200 leverage is suicide. It'll never work, even if you have a winning strategy. Pipe dreams man, either quit while you're ahead or reduce your leverage to something reasonable like 1:5 or less... You don't even have a hedge in place.
I'm not trying to slam you or anything, I wish you the best of luck, but the odds are stacked up against you. Bet small and live to trade another day.
For those of you considering opening a forex account, the best thing to do is play on a demo account for at least 2 years.