it s great to see some people have thought Trading system over and over and came to some realistic conclusion, thx Glenn )) hope this thread will be read by all on this site!
I already have written some thoughts on Leverage, but i like to insist on this topic : Brokers are here to take your money (to little fishes) to feed it back to thier "big account clinets", who have the inside job at hand! thus:>> Leverage is to your account what exotic derivatives are to the international financial markets and its subsequent systemic risk : weapons of financial destruction --
Use strong leverage once you have at least a 100 trades behind you and once you have reached your profit objectives several times (which means you start to understand your system) !! if not you are going into the wall ... i havent seen any exception to this rule!
exni