Originally Posted by SKS

Hi Pebber and C Mellon,

I know you or anyone will trust me what I am saying but its a hard fact and a reality. I have done it and will continue doing it. Yes its extremely dangerous to trade with such high leverage and that too without SL.

I usualy trade in Forex but also do swing trading in commodities and CFDs globally. By using such high leverage, I can trade in large volume, use max 10% equity and balance equity is used for swing trading which are highly liquid. In Forex my target is 50 - 100pips. I always look for tops and go short, very very rarely I go long like last night. I am very happy with EUR/CAD trade which helped me with a net retun of 28% in 48 hours on total equity. I do very less but selective trading mostly based upon opinions from DailyFx experts. I then withdraw $500 min per week to protect my capital against any eventualities, which I am doing wef 10th June 2008

This strategy works for me but may not work for everyone as it needs a big heart to diggest temporary losses when position goes against you. I trade only when I am confident on any pair or just look for good opportunity.

Ok let me give you a simple fact. I started on 1 May 2008 with just $1018 and as per statement dated 5th August 2008 my account balance is $22,049.

Please feel free to ask questions but please note that I work F/T and trade for myself only in evenings. I am not an expert in any of these techniques but I have learned how to interpret and use them. Good Luck to all!!!!