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davidlynch2000 makes good points. I would add that economists may be better at predicting a longer term trend. An economist would probably be a poor intraday trader. But he may be very good at predicting a recession. So, although he may not pick the exact right price (and he may be off by...

I suppose they say ignorance is bliss, but 1000, I wouldn't call you bliss.

Who didn't? That was a non-event.

They start you out on a small salary. When your trading account hits a certain amount (net of desk fees, commissions, salary, etc.) you start to split. I suppose the percentages are different at different firms. Probably you get to keep something like 35% of the profits at first and 75% goes...

You don't need a person that doesn't know anything. You need a person that thinks they know everything about the markets but has never traded. I think that prop shops should give their traders a simulator, but tell them they are trading live. If they make money the first month, the prop...

Wow. People still missing the point.

Just for the point of interest, did you notice that the highest the bid got today on the USD/JPY pair was 116.42, which was where your limit was. You could have sold the high if you didn't cut your profit short. ...I know, coulda, woulda, shoulda. Dangerous to think that way.

Yes, if you're talking about a futures contract, that's what I'm "assuming." When I buy one futures contract, someone else sells one futures contract at the exact time in the exact same instrument. Maybe I bought 10 futures contracts from 10 different sellers. Fine. If the price goes up, I...

It's not worth the discussion.

Uhh, yeah that's what it means zero-sum game A situation in which one person's gain must be matched by another person's loss. Without considering taxes and transaction costs, many types of investing, such as options and futures, are examples of zero-sum games...

LOL! Probably (albeit not with 100% accuracy), but who would tell you how. That's like giving away money. By the way, if you find a book that proports to tell you how, then it probably doesn't work. Why would someone publish a book that tells the secret code to an infinite ATM machine...

Alright. Poker. The world's best players make it to the final round year after year

Because a roulette wheel is more efficient than the markets. Every spin gives you a 50 percent chance of winning (assuming no green). Every trade does not have to have a 50% chance of winning. It is possible to increase your chance of having a winning trade and only trade high probability...

Look, suppose you are really good at guessing where S&P futures are going. You buy them when their going up and sell them when their going down. You're making money left and right. That doesn't mean that it is a positive-sum game. Sure, you are making money, but the people that are taking...

Nice try. When you trade a spread you make money in one contract. The person/people that are on the other side of that trade lose money. You lose money on the other leg, and the person/people on the other side of that trade make money. The same goes for arbitrage. Here is an example...

I don't understand mr double. What is the use of posting where your limit order is if you are going to close out the position before it gets there. Yet, you don't close out your losers until they get stopped out. You took 37 pips profit, but had you gotten stopped out, you would have lost 93...

Would you please explain what you mean when you keep saying that there is convexity and elasticity? Or, did you just learn some new terms that you thought sounded sexy? If you're talking about the bond market, then yes, the bond pricing function exhibits convexity. When yields fall by a...

You keep talking about convexity. Please explain. I don't see how convexity has anything to do with whether or not the futures market is in fact zero-sum as it is defined. Let's define F(B,S)=total amount of money created through transactions in the futures market as of a given point in...

Probably just latency. Even though you didn't see your offer yet, it was there. For some reason, you saw the other offer first, but they probably actually hit the book in the order you would expect. I use TT in the futures, and in a fast market, the bids and offers you see are not the...

That's easy. Just put all the money in one instrument. That will push the price so far in your favor that on paper you may double your money. The problem is liquidating... :D