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Leverage

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11/19/2011
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Leverage, expressed as a ratio between total capital available to actual capital, is the amount of money a brok

lend you for trading. For example, a ratio of 100:1 means your broker would lend you $100 for every $1 of act

capital.



Capital Available 10,000 10,000 10,000 10,000 10,000 10,000 10,000

Leverage 1 to 1 2 to 1 5 to 1 10 to 1 20 to 1 50 to 1 100 to 1

Position Size 10,000 20,000 50,000 100,000 200,000 500,000 1,000,000



How would your Account Balance change assuming you lost 30 points on 10 consecutive trades using leverage

Account Balance 10,000 10,000 10,000 10,000 10,000 10,000 10,000

Loss # 1 (30) (60) (150) (300) (600) (1,500) (3,000)

Account Balance 9,970 9,940 9,850 9,700 9,400 8,500 7,000

Loss # 2 (30) (60) (150) (300) (600) (1,500) (3,000)

Account Balance 9,940 9,880 9,700 9,400 8,800 7,000 4,000

Loss # 3 (30) (60) (150) (300) (600) (1,500) (3,000)

Account Balance 9,910 9,820 9,550 9,100 8,200 5,500 1,000

Loss # 4 (30) (60) (150) (300) (600) (1,500) (3,000)

Account Balance 9,880 9,760 9,400 8,800 7,600 4,000 (2,000)

Loss # 5 (30) (60) (150) (300) (600) (1,500) (3,000)

Account Balance 9,850 9,700 9,250 8,500 7,000 2,500 (5,000)

Loss # 6 (30) (60) (150) (300) (600) (1,500) (3,000)

Account Balance 9,820 9,640 9,100 8,200 6,400 1,000 (8,000)

Loss # 7 (30) (60) (150) (300) (600) (1,500) (3,000)

Account Balance 9,790 9,580 8,950 7,900 5,800 (500) (11,000)

Loss # 8 (30) (60) (150) (300) (600) (1,500) (3,000)

Account Balance 9,760 9,520 8,800 7,600 5,200 (2,000) (14,000)

Loss # 9 (30) (60) (150) (300) (600) (1,500) (3,000)

Account Balance 9,730 9,460 8,650 7,300 4,600 (3,500) (17,000)

Loss # 10 (30) (60) (150) (300) (600) (1,500) (3,000)

Account Balance 9,700 9,400 8,500 7,000 4,000 (5,000) (20,000)







How much would your broker earn on 3 point spread assuming 10 consecutive trades using leverag

Capital Available 10,000 10,000 10,000 10,000 10,000 10,000 10,000

Leverage 1 to 1 2 to 1 5 to 1 10 to 1 20 to 1 50 to 1 100 to 1

Position Size 10,000 20,000 50,000 100,000 200,000 500,000 1,000,000

Broker Spread Income 0 0 0 0 0 0 0

Spread # 1 3 6 15 30 60 150 300

Broker Spread Income 3 6 15 30 60 150 300

Spread # 2 3 6 15 30 60 150 300

Broker Spread Income 6 12 30 60 120 300 600

Spread # 3 3 6 15 30 60 150 300

Broker Spread Income 9 18 45 90 180 450 900

Spread # 4 3 6 15 30 60 150 300

Broker Spread Income 12 24 60 120 240 600 1,200

Spread # 5 3 6 15 30 60 150 300

Broker Spread Income 15 30 75 150 300 750 1,500

Spread # 6 3 6 15 30 60 150 300

Broker Spread Income 18 36 90 180 360 900 1,800

Spread # 7 3 6 15 30 60 150 300

Broker Spread Income 21 42 105 210 420 1,050 2,100

Spread # 8 3 6 15 30 60 150 300

Broker Spread Income 24 48 120 240 480 1,200 2,400

Spread # 9 3 6 15 30 60 150 300

Broker Spread Income 27 54 135 270 540 1,350 2,700

Spread # 10 3 6 15 30 60 150 300

Broker Spread Income 30 60 150 300 600 1,500 3,000

amount of money a broker will

$100 for every $1 of actual







10,000 10,000

200 to 1 400 to 1

2,000,000 4,000,000



ve trades using leverage

10,000 10,000

(6,000) (12,000)

4,000 (2,000)

(6,000) (12,000)

(2,000) (14,000)

(6,000) (12,000)

(8,000) (26,000)

(6,000) (12,000)

(14,000) (38,000)

(6,000) (12,000)

(20,000) (50,000)

(6,000) (12,000)

(26,000) (62,000)

(6,000) (12,000)

(32,000) (74,000)

(6,000) (12,000)

(38,000) (86,000)

(6,000) (12,000)

(44,000) (98,000)

(6,000) (12,000)

(50,000) (110,000)







e trades using leverage

10,000 10,000

200 to 1 400 to 1

2,000,000 4,000,000

0 0

600 1,200

600 1,200

600 1,200

1,200 2,400

600 1,200

1,800 3,600

600 1,200

2,400 4,800

600 1,200

3,000 6,000

600 1,200

3,600 7,200

600 1,200

4,200 8,400

600 1,200

4,800 9,600

600 1,200

5,400 10,800

600 1,200

6,000 12,000



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