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Forex Q&A

Ep8: Where Do I Set My Leverage?

Forex Q&A

VP

Investing, Business:investing, Business

51.5K Ratings

🗓️ 13 August 2018

⏱️ 12 minutes

🧾️ Download transcript

Summary

This is very easy to get wrong. The good news is, once you have a good number in place, you can set it and forget it. Having the right leverage is also a great way to figure out if you're over-trading or putting too much money on a single trade. In Episode 8, VP gives you two options. Blog for Episode 8 - http://nononsenseforex.com/forex-q-and-a-podcast/best-leverage-in-forex/ ESMA Ruling - https://www.esma.europa.eu/press-news/esma-news/esma-agrees-prohibit-binary-options-and-restrict-cfds-protect-retail-investors Screenshot of my Metals Account - https://imgur.com/ITBUdiO ATR Video - https://youtu.be/086ozcHDZPw Money Management Video - https://youtu.be/aEORce6dZZI Dirty Dozen Video - https://youtu.be/3c6o4O8goAo

Transcript

Click on a timestamp to play from that location

0:00.0

This is the 4X Q&A podcast. This is VP, professional 4X prop trader,

0:05.0

answering your user submitted questions every Monday morning.

0:09.0

Now I will answer a question for you. If you want me to, you go to no nonsense 4X.com slash

0:14.6

ask VP and fill out that little forum ask me whatever you want as long as it's

0:19.3

for X related I will answer it and get back to you usually within 48 hours.

0:23.0

Now we're going to jump into the question for episode 8 here sooner than usual because I want to make sure that everybody is crystal clear on this.

0:33.4

And I don't know how long the podcast is going to run,

0:35.6

but I always want to keep it under 15 minutes,

0:37.3

but I think we may have a lot to talk about here.

0:40.0

And just so you know too, if there is ever anything we cover on this podcast that is unclear to you,

0:46.3

the show notes are the blog.

0:48.6

And I list the blog down below on every single episode. I got asked before so where are the show notes for your

0:55.1

episode? I'm like it's the blog. Click on it. And I really do feel if you want to

0:59.3

nerd out on this and I kind of hope you do because I want all this to sink in if it does you guys are going to be set up for success like you won't believe and

1:08.4

For me at least the best way to do that has always been to not only hear it but then also see it.

1:15.1

Catch a visual. Read text. Go back and reread things that I didn't

1:19.7

understand the first time. That's always how things have sunk in the best for me. Plus I write the blog

1:25.6

after I do the podcast and often there's a lot of things to where I think oh man I wish I would have

1:30.4

mentioned that in the blog and so instead of trying to go in and edit the podcast I just write it in the blog.

1:37.0

So you'll often find little points there that I'd forgot to mention but can also really help.

1:41.0

So just know, every podcast has a corresponding blog. Almost every YouTube video I do has a corresponding

1:47.0

blog to go with it as well. And honestly, writing was my first love anyway. I think I write much better than I do make a video. It's

...

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