Currency Trading

[Hyper10]

Given the last few weeks I was interested to know if anyone trades currency and what had been happening.The appeal is the ability to set tight stops and therefore leverage more.

[g4ry13]

Setting tight stops and leveraging up your account is a sure fire way to lose a lot of money very quickly. I strongly advise you don't trade like that.

[Hyper10]

Thanks, I was bouncing ideas around but upon consideration, Currency seems to be the domain of the Banks.
I'll stick to equities and again thanks for your direct advice

[g4ry13]

Banks/funds also trade equities too It all depends on where your interests lie and which you are most able to find information and form an opinion you can use. They key though is to not over-leverage yourself (you can do this with equities or anything offered by services which enable you to leverage your money.) Using small stops is also a pretty dangerous way to trade unless you're really good - the key is to manage your exposure to risk.

Edited by g4ry13 on Tuesday 16th August 11:46