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Cambist, Its nice of you to offer to throw some light on the secretive world of HFTs. Allow me to suggest you to write at least basic strategies and ideas about HFT on the open forum. This way you will save yourself a lot of time answering similar questions on the PM. You can answer v...

Let me be curt and to the point. Its a hard stat that 95% or round about that number guys who venture into trading LOSE. Why you think you will be in 5%? Were you in top 5% in your class, or in athletics or anywhere else? No need to answer us on ET, just some fodder to think about! If you...

+1 Well Said Lescor! Words of wisdom from a seasoned pro!

I assumed he will trade at prop shop, so I suggested 5k. If he gets the point I am trying to make, and is happy to follow the drill I am suggesting (like paper trading for 1 year, recording all transactions and analyzing them in evenings or over the weekend, then OP has a much much higher chance...

I will suggest an approach which will give you a much less risky start point: 0. Trading through mom while doing job is the best idea imo. In case it is not possible, read on...... 1. Work for 1 more year at least, u will have more savings by then (assuming 600pm expense, u should have...

A bit of uncalled for advice. Don't know if I have any business in giving some unsolicited advice, but can't resist myself giving you a few pointers, since its obvious that you are a newbie. I will tell you the approach which will increase your probability of success in fx space. 1. Use...

Cosmo, V.Sorry for being blunt, but you genuinely do not understand the way industry works. What Asiaprop say is 'the' way to go about getting a job in a hedge fund. Berkeley/MIT/Stan guys face 'severe' competition from their own classmates as far as getting into a trading etc role at a good...

Braveheart, Thanks again for your detailed reply. The optimum thing for me to do might be to have access to all 3: IB, Currenex and EBS. In the last line you said,<< all the bank are your enemy. they want you down. Don't let them know your dead line. So you should directly get into the...

Thanks Braveheart for your suggestion on LCG Currenex! I will look at the LCG option. Glancing through their website, they offer Currenex, EBS, FXAll, Hotspot, Lava basically everything that is out there. Just wondering why should I go for EBS not via Icap itself.....I will have to do more...

Elders, Right now I am with IB and have been trading relatively small 1-3 mm size with them. Never had a problem in fills, slippage etc., no complaints at all. Looking to trade majors EUR/GBP/JPY/CHF and build position size of 20-50 mm, primarily during Tokyo, London and NY open times...

<<As the trade in your example evolved the 5 pts of unrealized gain then became another part of the equation that was certain. So now you have 3 known variables(your stop, your entry, and 5 pts of gain) and 1 uncertain variable(10 pt target which is now 5 pts away). So if you are even confident...

Let us assume that you know this stock will give 300% return, whereas overall market may give between -30 to +30% return this year, and this stock will not go to -50% before going to +30%. Its obvious that you will margin yourself to the hilt and buy this stock with 100% of your capital. Since...