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Well said. It's not for everyone but maybe for some.

Question for the firm: let's get past this pip rebate/FXCM discussion for the moment. What trading firm/platform does your firm utilize for its fx trading? Surely, you do realize there are far better alternatives than FXCM for trading spot and provide a cleaner interaction between the trader and...

There are plenty of honest firms out there, both arcades and true props. You just have to do your legwork to find them. They are the ones who don't actively seek bodies as they have more then enough people knocking on their door. Start with this link and do your own research - they are out...

I thought that when they join the Sisterhood, they take a "Vow of Poverty" not a "Vow of Property".

What type of retirement savings plans are available for those whose sole income is derived from investment income? IRA's are out of the question since this isn't considered "earned income" so what alternatives are available to use? Thx.

I meant custodian, not administrator. Reading their FAQ's on IRAs, the Delaware Charter Guarantee & Trust Company serves as custodian for IB IRA accounts. Sorry if there was a confusion.

To have an IRA with IB, do you need an outside administrator or does IB serve as the administrator?

Thx for the advice. Much appreciated.

So something as simple as the aforementioned canned letter? And how to you separate this for stocks/options only? Make a statement of this fact in the letter? I need to keep the 60/40 treatment but get rid of the wash-sale equity restrictions.

OK. Tax Time. I need to change my status for equity trading to M2M for the upcoming year (2011). I know I need to do this by 4/15 when I file my taxes (or 3/15 if I am not subject to filing this year). Is there a specific form I need to file with the IRS to make this election or just...

at a Monday meeting of U.S. governors at the White House, Obama seemed to lecture the governors that public employees should not be “denigrated or vilified". And yet he had no problem denigrating and vilifying others, like Wall Street workers, insurance companies, Chrysler bond holders, etc.

Do you get a 1099 or a K1?

LLC's can either be pass-thru entities or taxed on corp level, even if it is a sole-member LLC http://www.irs.gov/businesses/small/article/0,,id=98277,00.html

In case you think this is a Rasmussen creation, it's from Newsweek: http://thehill.com/blogs/blog-briefing-room/news/145423-poll-romney-huckabee-within-striking-distance-of-obama "Two top GOP 2012 presidential contenders are within striking distance of beating President Obama, a new poll...

stopped

sh 85 looking to test the pivot again, st 85.20

It was the Iranian warships going thru the canal on the way to Syria. It was a scare rally. At least that's the headline. http://www.foxnews.com/world/2011/02/16/israel-warns-act-iranian-warships-passing-suez-canal/

Thank you, Iran. Now looking to short if it breaks 85 again

since you bring up pivots, a question for those who use them: do the pivot levels change throughout the day, or do these levels stay consistent until the end of the trading session? I just added them to my NT charts and trying to understand them a little better. Pardon the ignorance. Thx.

The story changes: http://www.foxnews.com/politics/2011/01/26/celebrity-journalist-says-he-never-talked-hawaii-governor-obama-birth/