andrewonhc: no disrespect intended, but are you absolutely sure about the credit card purchases guarantee working with deposits to a trading account? I am very dubious. I've looked at my credit card's website and don't think that sort of cc payment would be covered at all. Suggest anyone planning to give that strategy a try research thoroughly with their own cc provider first.
An alternative strategy I've heard of involves having your notional trading capital, say 10k, kept in your nice safe guaranteed aussie bank account. If your absolute tolerance for risk on a trade is say $500, you put $500 in your trading account and take your trade. If you're wiped out, then that's like your ultimate stop has been hit, and no problems with extra slippage etc. If you profit, draw down your profits to $500 and take your next trade. Etc. Make sure your broker contract means they can't ask you for more than was in your account when you opened your trade. Rules and contracts may differ.
