hey dave

im having a bit of a mental block with leverage. if for example i open a standard account with $25k. that would imply that i am leveraged at 4:1. if i employ a money management risk of 2% of my total account. that would mean i am prepared to lose $500 for being wrong. if i am trading a pair of currencys where the usd is not the base currency, and therefore valued at $10 per pip, does this mean that my initial stop would be 50 pips away from my entry price?

pan