For instance: 1:1000 leverage.

You got USD 10 in your account, by using USD 1 of margin buying USD 1,000 worth value of Fiat Currencies.
If your holding USD 1,000 value only worth USD 990, it wiped out your account.

Your balance USD 10 with 1:1000 leverage, you can buy USD 10,000 worth of value fiat currencies.
If USD 10,000 you are holding fall to USD 9,990, it wiped out your account.

Simple Money Management Structure:

You have USD 1,000 account with 1:100 leverage.
You need USD 119 of margin requirement for 0.1 STD LOT on EUR/USD.

If you BUY EUR/USD on 0.3 STD LOT, you have to use approximately 33% of your account balance, or USD 327 of your account balance as margin requirement.

If you put 30 pips SL on this trade and the trade don't work out, it means you have a loss of USD 90 of your account equals to 9% of your account balance.

Conclusion:
Many amateur didn't calculate by using this simple money management structure. In 1:100 leverage account, you are using only 33% of your account balance as margin requirement with 9% risk of your whole account balance in a single trade, especially they love 1:1000 leverage account. You can execute 2 more position with 1:100 leverage, in other hand you can even execute another 29 exact position with 1:1000 leverage. If 3 position is 27% risk of your account balance, how many risk you are taking with 29 position? Calculate yourself.

still tak paham sifu. means if i use 1:1000 leverage via usd10, i have so called virtual usd1000? so if total account of virtual usd1000 become usd900 then KO?
if you got the money the best of cos no leverage la.

All sifu please guide me thanks
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All I can say is jaga2. Don't get seduce by Lamborghini, Ferrari and Maserati. 
Don't ask me more. 

A lot of paying money testimonial. Last time very active on FF. Then taken James16 material, not anymore on FF. Now active on CBF looking for clients. Not even dare to do some live trade demo. A lot of his online material that need payment are taken down from other traders, most of them from James16 and Niam Fuller. As I know on his seminar, talk something, pass some notes, then ask attendee trade on demo, that's all. 

i think i know now how to explain to people about leverage and its double edge effect. Generally. Will try to make a short video for it.

Still trying to understand how much you're trading per pips when you choose the leverage

I very old type one. must use hand to write down and calculate one. btw the calculator you shown only have 25:1 ratio.

Try to google Dollar Indexes, read it and try to understand it.

Trading Forex are not as easy as just knowing it, you have to understand how it works.

I know Steve Jobs for Apple, I know Bill Gates on Microsoft, but do I understand how their system is?

Therefore, it is the same thing on Forex. I know EUR are Euro, I know USD are dollars, I know JPY are YEN. But do I really understand them? Ask yourself before trading and that's the very very basic things you need to understand before trading. So called guru won't ever teach you this but I can assure you your trading will improves when you understand them instead of only knowing them.

This is still technical instead of fundamental. Yeah, just read those Wiki and Investopedia is good. Understand the weight everything. And you need a USDX charts for cross reference before you are trading.

holy shit this guy money... http://www.myfxbook.com/members/tradermake...mattar1/1205311

yeah, i dun wan those MLM forex shit, i jz wan trade forex without pulling ppl in

btw wat do i need to start trading forex? how to open the account? how to determine if a forex agency is a scam or nt(like those MOP n GWGfx)

Hi sir, have you used payoneer debit card in our local ATM before ? no issue ? I notice their card doenst have the 'chip' like our atm card.

 

I'm puzzled as well but whoever caught the train...that's some serious profit in a short time

if only time is reversible lol