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RE: Trading Currency: Steem, Bitcoin and Forex
Thank you, @richardcrill, firstly, good to see someone who, I assume, uses their name! Pseudonyms are untrustworthy by their essence. I enjoy reading about investment strategies. Leverage is an interesting one. "I can be leveraged 200x on some currency trading pairs" - wow! I hope it is a small bet at the outset because a margin call can ruin a good strategy! 30x is bank limits and even lower in Australian Banks and some Building Socs over portfolios so I assume you are talking the trade rather than the book.
Thanks @ebryans, Very True! I have learned about this the hard way. Leaving a trade going on 200x leverage and getting margin called can be devastating!
On 1broker you can trade a few pairs at 200x including USD/CAD, USD/JPY, EUR/JPY, EUR/USD. Most others are quite a bit less. The only crypto trading on there - BTC/USD maxes out at 5x for instance
Cool, thanks for that. Are you close to gold at all? The US $ is so strong and has much built in from Trump promises. Gold has got to have more up than downside! Given production costs if nothing else!
I agree, I thought precious metals looked good when I was buying a few months ago, but honestly I haven't paid too much attention accept to see that silver has gone down. If I wasn't investing everything in crypto and forex trading, I would probably be interested.