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There is nothing to merge. LOL. I get annoyed when I hear that phrase. All a merger is is one firm offering a commission payout to buy other traders. There are no tangible assets.

It's a lousy business model now. Absolutely lousy. To use option parlance, prop firms today are the equivalent of the trader who sells nickel puts. Absolutely not sustainable. The edge just isn't there. When I started, commissions were 500% higher. Yes, 500% higher and the profit margins...

Honestly this is shocking to me and I have no idea why Don is so tight lipped about it. Put a fork in this business. They were the last decent firm. Had to be a blowup.

Whoah! I didn't know that Echo closed. Why would Don not mention that on here? Man, that is VERY bad news. I wonder what happened there. They were one of the last survivors.

CD, what I'm trying to say is, just like trading an 8 legged option spread, your execution costs is huge factor in the trade. It's not meant to discourage you, but rather explain why I have stated several times that these trades are "usually" better fit for a prop firm. Prop traders use all...

I think ultimately stress comes from uncertainty. Not from uncertainty in the market, but rather uncertainty in your decision making. If I know EXACTLY what I'm going to do and WHEN I'm going to do it, I don't have any stress. Because your actions are planned out. In the past, if I shot...

CD, you should be asking him about the commission trading this monster vs the margin. I still fail to see how anyone in a retail account paying retail commissions is going to compete in this market. Seriously CD, I honestly believe these need to be done at a proper prop firm. I have friends...

I guess I'm still confused here. You are talking about two different time frames. A 150 pip move is nothing is you are "sized" correctly for a longer term trade. If you are using intra-day sizing then yeah, that would hurt. But you are talking about 1% moves here on position trades. If...

I'm just curious, as perhaps I missed something, is there a particular move you are referring to? I haven't seen any outlier moves lately. Maybe I missed something out there in FX land. Let me know what you see that is moving so much that has you concerned. It might not be on my radar.

Yes, it's the same number line but I've added a lot of work and research to it. If Mark's number line was a small pamphlet, mine is a 300 page novel. It's just years of work stalked on top of each other. But the foundation underneath belongs to Mark.

Actually FX is the most tame. Commodities and stocks are far worse. But I'm somewhat confused by your question. Are you referring to people who buy the high tick? Or people who sit through ups and downs? Or just giving back open p&l? I'm not really sure. Personally, to me, the whole idea...

Monster moves in FX land as well. I'm watching all the new monthly levels!

The action has been in Brent/WTI. Absolutely historic move the last few months. From parity to $17 plus. Absolute monster move. No other way to describe it. Keep an eye on that beast.

Yup, I have no interest in it now. The easy money has been made. It will be an ugly mess now. <iframe width="560" height="315" src="//www.youtube.com/embed/O5EsNV-gyr8" frameborder="0" allowfullscreen></iframe>

They don't offer these in Canada either though right? Or Asia? Looks like they scrapped the whole thing.

Oy vey. I think you just jumped the shark dude. LOL.

Let me try this one more time for you. A cross rate is any rate that does not involve your local currency. It is NOT simply a currency that does not involve the dollar. In Japan, the EUR/JPY would not be referred to as a cross date as they have nothing to cross. They are simply exchanging...

Those are only cross rates for Americans. If you live in Japan, the EUR/JPY is NOT a cross rate. LOL.

There are tons of jobs in FX and most of them are NOT at banks. Almost every international company has a FX desk that manages their currency exposure. Think Coca-cola, GM, Proctor and Gamble, Disney, etc. For example, one of the biggest currency desks in the country is not in NY but in the...

Technically not true. A cross is any currency that does not include the base currency.