Recent content by TradeSA

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what specifically do you have against fxcm? i dont work with them either, i trade for a bank so just wondering whats wrong with them for you to highlight them.

Trade with FXCM because the other bucketshops available r not that much better, loneagle. what bucketshop r u supporting?

I trade for a top 4 bank in my country and got the job out of pure opportunity exploited, didn't apply for it just told management i want to trade now on my own account (used to be a market risk manager) so i resign and they said "wait trade for us". i had no track record nothing. they appointed...

Wat van een black label. baie lekker

hi, yes you can leave stops with your own bank and go and play some golf. yes 2/3 trades a day so not scalping. yes i have to be at the bank to trade. all calls are recorded so i have to use an office phone to put my trades that go outside the bank. banks sometimes take in a junior trader...

lot of q's! pure traders provide liquidity both to the market and to their own internal different desks. it might be that an options desk needs to hedge and your posi can help them. so instead of going to the market they trade with you. the bank also like the idea of creating money without...

I don't know any prop firms electric. haven't even known about these forums until recently. got the 'have to put up some of your own cash" from previous traders i worked with who has actually traded with "institutions" where they had to bring some of their own cash into it as well. i don't know...

I used to be in risk management overseeing many traders on various markets, our bank was taken over by a bigger one and I decided to leave the bank to trade on my own account. I gave that as reason for resigning and the new bank offered me a position to trade for them. not having to use my own...

CKid, Usually you will work for a salary and a bonus. you need to make x amount a year as soon as you reach that you start earning your bonus as a percentage over x so say you need to make $10million 'to earn a salary'. Then you earn 25% of every cent you make over $10 million. so make...

from my experience in the financial markets (not as trader) over about 6 years i have to say that about 80% of institutional traders i have seen does not make money consistently. yeah they have good periods and bad periods but overall just a small percentage are consistent in their results. a...

no thats not true. you are given risk limits within which to operate should you operate outside of them disciplinary action can be taken - rogue trader issues at the worst. the limits given is agreed upon between yourself and the institution. you live and die by them. a prudent trader will...

Ckid, I trade for a bank and only trade major forex crosses. We also have about 8 forex 'dealers' and thats where we make the distinction between dealer and trader. The dealers really do spend 80% plus on the phone to clients and clients phoning them. Its their job to get order flow for...