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thanks for the explanation tom, i appreciate it.

a quick question, not sure, but i was just wondering what power does the treasury secretary have in forwarding the potential FTT threat? Is it that he or she has a lot of influence in convincing members of the house and senate, or is there some other mechanism in place where he or she can...

i disagree , i think the ftt in time is certainly possoble and should be of concern.

ok, now with the tax being implemented in france, anybody know how things are going over there? maybe to early to see yet.

Hi Roger, sounds pretty fishy to me. why not study and pass the series 56 or the series 7 and do it right with a reputable firm? don't go with some one who is bending the rules. if they will bend the rules, they may also bend the rules when dealing fairly with you .

ok tom i guess you can count me in!!

As Han solo would say from the movie star wars, "i have a bad feeling about this!!" I am just now after 5 hard years seeing my trading become profitable. i make 2-3 trades per day and that is it. it will make me sick ( i know this includes all of us) if this thing gets implemented into law...

hey!! congrats on passing!! you did it!! i felt the same way, the longest 10 seconds of my life!! good luck with your trading!!

hey traderchi128, i sure hope you are right!'

don't get to concerned, i think the highest i got on one of those practice tests was about 75% or so ( i do not remember exactly, but i was thinking the same thing)

i tried reading the series 56 manual provided by the cboe and found it to be a complete waste of time. yes, i focused exclusevely on the pass perfect manual

on the first 2, yes! you will do better on the later exams. try to re read the manual again if you have time

,when i took the pass perfect tests in the back, i also scored a failing grade on the first 2 tests. keep studying!!! re read the manual again if you have time more will sink in the second time around. hang in there.( i passed the test with an 80% first try)keep studying!!

great going iputt4do!! so now on with trading!!

Yes, you should absolutely buy the material and study it relentlessly. I would not have had a prayer to pass the thing without it. I was happy with the material and put in well over 100 hours studying. i passed with an 80%, but was guessing on quite a few questions even with this guide. However...

another thought is this, if the series 56 was suppose to keep me from losing " my lifes savings," then why was not one single sentence uttered about money management?? Where is the material covering trading psychology and its importance to trading? none of this was mentioned.

everyone is entitled to their own opinion, i guess we will just have to agree to disagree. In my view, this is America. I do not welcome or respect regulatory bodies making parental decisions on how us "children" are suppose to interact with the free market place. If we are stupid enough to lose...

ok petrobras, how do you feel that the series 56 benefits a trader or society at large?

more power to you. The pattern day trade rule is ridiculous. I as well as many others would love to see this stupid law go away.

Maybe we are not on the same planet, but i thought and certainly still do maintain that this was a tough test. I am no dummy. I did receive A's in calculus as well as physics. I studied real hard for all of these subjects.As noted earlier, i studied my tail off and got an 80% on my first try...