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You make zero sense because you cannot make $50m profit day trading in Gold just like as you point out you cannot make $50m day trading any stock. But you can make $50m+ buying Gold and holding for several weeks or months. Just like you can make $50m+ buying some stock and hold it for...

No management fee probably means it's baked into the structrued product so you'll never know how much it is, which is just the way the seller likes it... My bet it would be around 10% and that's of course risk free for the seller regardless of what the products return will be, which again I'd...

Pips, stop worrying about what everyone else is doing in this business and focus on what YOU want to do and what YOU think is right etc. There are NO set rules, some trade loads of times a day and get solid results, others are like snipers and can wait hours and hours for the big time...

Mentor = Marketer

I've done it in the past. I'm doing it in the present, and I will be doing it in the future.

The more swings of the golf club you do, practicing bunker shots, chips, long drives, putting and so on will 100% help to improve your game ESPECIALLY when you learn from your mistakes. No different to trading. This is why learning to trade on the 1m chart is one of the best ways because you...

I like your style Etisan.

Could be similar to the Nigerian scammers. They use mis-spellings and the like in their emails as an easy way to instantly pre-filter out people who are unlikley to fall for the scams. Basically they only want to deal with real dummies.

The name 'Global' is always a big giveaway as well. Same with a distinguised name like Symonds Whitehead Partners or Knightsbridge Capital. Whatever the case the internet is your best friend because it's the best anti-scam tool ever developed. Knowledge is power, search the firm, search the...

True, but a short term trader doesn't have to do a full shift. 2-3 hours can work really well. For example, a US trader (East coast), can trade 6am-8am before work. FX has plenty of action. An Asian/Aussy trader can do 5pm-7pm or even later and catch plenty of Euro timeframe action. A...

Dow futures versus ES. I always like how the Dow charts with the 1 ticks, versus the ES with those damn quarters. Dow therefore charts a lot better IMHO.

EVERY day in Cable is great for day trading, even on the big US holidays there's still some action. And pretty much every day on the Dow as well for day trading. I don't know what the average range was for last year (this year obviously a lot different) but I reckon it would be at least 80-100...

Swings happen just as much on the 1m chart as they do on any of the higher timeframes. So if one is a successful swing trader on say the 1D their methods and strategies would work just as well on the 1m. Look at the 1m chart for example on the Dow futures. ALL year has been one big profitfest...

Too true. Imagine a Blackjack dealer dealing to a table with virtual punters (no banter, no laughs, no conversions etc). Every day the same. (but sometimes it can get sort of riveting like a few months ago). Deal a hand. Deal another. Deal another and so on. 5-10 hour shift. That's basically...

Check out their cars, if very expensive and flashy that's all the info needed for the investigators to start a proper investigation. 90% of scammers can't resist their expensive cars. But that's the clue that gives them away. Should follow Taleb's advice in that scammers shouldn't look like...

Domino, if you've got some time on your hands go read (free PDF online) Steidlmayer on Markets by Steidlmayer & Hawkins. The information he offers on 'markets' is incredible. I'd say he's arguably the foremost thinker on what a market is and how it works. You'll learn a lot. Personally I...

You can do whatever you want in the market, so yes. However, I would strongly advise you use stops. Stops mean you've taken into consideration that you might be wrong and in turn what that loss will be (slippage excluded). Stops also mean you're thinking the long game and one trade, profit or...

This is why smaller traders (under $1m cap) have a massive advantage over the bigger boys because the smaller traders can trade that 1m chart all day every day. And if you learn to do it right (takes 2-5 years) the 1m chart prints money almost as well as the Fed :)

Doesn't matter which time-frame the EXECUTION of the game-plan is the same. Anyway, there's little different, or actually zero difference, between all the different timeframes (assuming there's action on the chart). So the 1m is the same as the weekly. For example, I could put up 10 1m charts...

You have to stick to your plan so if you plan says put the trade on, put the stop in, then wait for either a profit or Loss (via the stop), that's what you have to do. It's also the HARD thing to do. The easy thing to do would be to buy, put your stop in, have the market sell-off a touch (stop...