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If you trade couple hundred million US dollars a month, you can get pretty decent spreads and fills at forex prime brokers. They are deep liquid providers. Fill is almost immediate. They can fill a $20 million order in couple seconds like it is nothing. Slippery is rare. In addition, they will...

You don't need to mortgage your house. Some residential area I know in the city went up in value almost a million dollar just in last couple months. Everyone I know is trying to buy real estate to preserve the money value. I guess it has to do with the stock market activities and Fed cutting...

My neighbor made $5 or $6 million in ten years. He didn't break any sweat. He bought a house around my area in New York City for cheap less than a million dollar ten years ago. Now that house worth probably $6 to $7 million, because a lot of wealth people from France, celebrities and techies...

It is not so simple. Most of that GDP are imported components from places like Europe, Japan, S. Korea or even US. China just adds labor cost to the supply chain, which is little. If all the components are produced in China, it would have been true. But it is not. China would just import much...

China a virtual monopoly on rare earth metals, high graded and low graded. They control 98% of the market and almost all the refining and extract patents. Rare earth minerals are used in producing everything from electronics to livestock and fertilizers. A typical car nowadays has at least 60...

You have done you best. You find out human logic limitations. I don't think it is wise to continue further. Beyond this point, why don't you let the universe or the nature do its work? If the universe like you and decide you to be a trader, it will send you very deep thoughts in a form of...

Have minimal effect? China can virtually destroy US economy overnight. All they need to do is pull all the investments out of US treasury and others and ban all US companies from doing business in China now. US companies generate almost a trillion dollar of revenue a year in China. Banning...

Of course, if you have the money and don't mind to spend it, you can send send your kids to some good private schools in the city like Dalton School or Columbia Grammar School where your kids have much higher chance than public high school like Hunter College High School to Ivies. But don't be...

Actually two specialized public high schools in NYC are pretty good: Stuyvesant High School and Hunter College High School. Admission is very competitive. Around 5% to 7% students graduated from these schools go to Ivy schools like Harvard University and other good schools like Stanford...

It was a battle between Amazon and hipsters. Greenpoint, LIC and Williamsburg are the last bastion of hipsters in NYC. They have forced out of SOHO, Chinatown, Lower East Side and Tribeca in Manhattan by bankers, techies and transplants from Hollywood and Midwest. They were mad as hell. They...

Global banks and institutions have a network terminal for Forex. Pretty much most of global banks and institutions are trading there. I have seen Citibank, J.P. Morgan, Mizuho Bank(Japan), Bank of China, UBS, Deutsche Bank, HSBC, Saudi Investment Bank, Bank Negara Indonesia, Myanma Foreign Trade...

35% a year ROI is good for institutional level traders. But it is peanut compared to a real good daytrader like CIS. He day-traded compounding his account balance from $30,000.00 USD to $200,000,000.00 USD in just couple years. That is many thousand folds in just couple years. He just published...

Sorry, maybe you didn't study history or just focusing on the European history too much. China history is very ancient. It is much much longer than the European history. Many historians called ancient China the cradle of civilization. There is a reason for it. Agriculture, animal husbandry and...

Fear not. I am sure Londoners are very resilient, smart people. They will find ways to overcome the problems and make London much more stronger. New York City had the same problem. After 2008, US Congress passed the Dodd-Frank Act. It severely crippled Wall Street. It doesn't allow the banks to...

Strong disagree! Most things you take grant for today probably orginated from China like glass, machinery, rocketry, magnetism, iron, steel, flight, castles.... The West copied everything from China pre-1600 ad and innovated them. It may improve alot but they were originated from China. Even...

Lol. Depends on your lifestyle. Obviously, if you are hobos, you don't need much money to maintain your lifestyle, but if you are a guy with limborgini, yachts and live in big mansions in a very wealth neighborhood like Scarsdale, NY, East Hampton or Soho, NYC, obviously you need a lot of...

Lol. I don't know. I was browsing some random websites couple weeks ago. I saw some ads. Some small hedge funds in NYC are recruiting quants and software developers. They offered a salary of $500,000 plus bonus I guess. At that salary, it must be top talents. I don't know software developers...

Most quants don't make millions a year. Only the top quants do. There are some medium size banks and hedge funds recruiting top quants and programmers. They offer a salary base of $500,000 USD and up. I think the top quants at Jump Trading might get millions of dollars a year with bonus...

Top quants make millions of dollars a year with bonus. He worked for Goldman Sachs for couple years before. Probably he has millions.

Trading is hard because you have tons of competitors fighting for a tiny crumb of pie same as you. It used to HFT firms making tons of money. They had the technology to "see" milliseconds ahead of the market. Now most of them go bankrupted. They are destroyed by even faster HFT firms like Jump...