Posted July 14th, 2009
by admin
John asked: Do I need to itemize each and every Forex transaction? There are hundreds of them.
Or since I had a loss, can I just not list all the positive transactions and then also not list the same amount of negative transactions (leaving only the actual loss) ?
Tags: Forex, Losses
Posted in United States | 5 Comments »
Posted February 28th, 2009
by admin
quatre asked:
and how are profits / losses calculated for a trade in the FOREX?
Tags: Forex Market, Losses, Profits
Posted in Economics | No Comments »
Posted February 27th, 2009
by admin
nauticalpsycho asked: Does anyone have any suggestions on a leverage limit?
Many FOREX brokers allow up to 200:1 leverage. My trading strategy is to take just very small gains (3 or 4 pips at a time) and set the stop losses way out there just to avoid a total wipeout. I never trade on Fridays either and of course close out before the market closes.
Because of the giant stop losses, I am only comfortable with around 20:1 leverage or maybe 30:1.
In other words, with a $500 margin account balance, I would only consider buying 0.1 lots of EURUSD (10,000) at a time; 0.2 lots with $700; 0.3 lots with $1100 and so on…
Does anyone out there use the same strategy as me and feel comfortable with higher leverage like 40:1, 50:1 or even higher?
Tags: Account Balance, Losses, Margin Account
Posted in Investing | 4 Comments »
