Trading the 4X mini is alot like placing bets in the "bucket shops" of old. Illegal bucket shops allowed the placing of small bets on the fluctuation of typically thin-traded but listed securities. All you needed was 10% down to place a bet. If it dropped 10% you lost your entire bet because they closed out your trade FOR YOU at that point, cleaning out your trade. Hmmm...interesting rule. Any parallel in modern Forex mini trading?
Often the bucket shop would collect alot of bets on say, the long side of a security. Often they would TOUT a specific bet.
Then later they would SHORT the living snot out of the ACTUAL security on the REAL exchange to clean out all those trades.
Forex mini is alot like that-- the modern equivalent of the old bucket shop.
Bucket Shop defined