[R.P.G.]

I was thinking of doing some night time trading on the forex EUR/USD and I had a few math questions as some others as well. If anyone has patients for me that is............


1. I hear that I can leverage with some brokers up to 400 times capital, is this true?
2. I have $5,000 and really only want to do 50 times capital, is this a good idea or should I use more/less?
3. I believe that I am good enough at paper trading to predict 0.001 price moves, should I be trying to get better predicting bigger moves, and how big?
4. What brokers that are reputable should I use for forex?

Where would you recommend a newbie like me to start if I want to do day/night trading?


Thanks in advance.