Originally Posted by
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Well since you clearly, do not know let me inform you...
Lets Say you exchange a method, day-in and day-out. You have defined your winrate, stoploss, risk to benefit ratio and drawdown.
THE ONLY REASON TO INCREASE LEVERAGE IS:
If you keep on trading the identical way with the same stops and the same Uncle stage DrawDown in DOLLARS and simply want totie less money and to free it up to diversfy out to additional trading systems/instruments or markets, because you can lower your margin requirement at the dealer/marketmaker. YOU DO NOT CHANGE ANYTHING UP. . .THERE IS NO ACCELERATION OTHER THAN THAT. This is a Mechanical Dealer requirement that you are minimizing. It doesn't have anything to do with the way you trade or how quickly you are going to get there!
This isn't an opinion, unless you believe trading is gambling, then you will not believe me, and it doesn't matter when this is an iopinion or not. I will tell you right now, any powerful, consistent trader will confirm this simple fact that I am telling you. .
Why do you think that most retail place Forex traders fail. . .Some state it's 95% of them. What's wrong with this picture you are painting?
That is a public Forum, and how many men and women are you hurting, without explaining yourself?
Michael B.
P.S. Please excuse my directness, It is only that I treat gambling as a company, not a game. Trading is my life's work and I am 46 years old and have traded since I was 18 years old (My parents cosigned my Merril Lynch account). Traders and New Traders please do not use an excessive amount of leverage unless you have that reason above. PLEASE. If I could admonish you to lower your expectations....take your own time, you have the remainder of your life.