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if you don't study hard you don't have a prayer to pass the pass rate is low for those that have actually taken the test maybe 50 % of the traders have passed the 56 is the consensus from most prop firms tough test to pass with study guides that are not comprehensive to get you prepared

should have been short on monday spx 1250 range reversal day. market is going lower . the bull move is over for now expect a break below spx 1200 and the bears we take over

.0025 per share 2.50 per 1 k shares base rate ecn charges or credits are seperate for everyone usually

any of these tests are not relevant to daytrading only a waste of time & money You have to take a test to risk your own money in the market. pure bullshit. anyone who thinks that being licensed will make you a profitable trader is a fool

that is a high commission. typical deal for firms that overcharge there traders should be more in the 2.50 range for anyone that is doing 500k plus shares per month

no suprise with cautious outlook . management debacle created the death spiral stock could be a buy in the 70 dollar range at some point

there are no rules for % of payout by the cboe or sec some firms will use that excuse they can't pay more then 90 % that is pure bullshit there are several cboe registered firms that pay out 99%

that is correct. group rate about 1.00 per 1k shares active pro trader is 2.00 per 1k shares average ballpark range . with 95 % payout. rates are rock bottom these days

groups rates with most prop firms are about .001 for experienced traders that trade 1-2 mm shares monthly. usually pay .0015 with many firms on the street. average rate is .002 for high volume traders usually with 95 % payout most prop firms will try to screw you if you don't know...

econo Those deals are usually for traders that trade 5 million plus shares per month just curious? I asked how many shares do you trade per month? Are you a rebate trader?

I agree with you don. taking the 7 test is the smart play. better off to pass then hope you get lucky in taking the 56 with the available study material.

For your deal what's your monthly volume? canadian based firm right?

They were a unregistered firm. shady operation for years. anyone that traded with them was rolling the dice Even if you trade with a registered b/d & if they go bankrupt you may lose your money. Unless it's of a criminal nature then maybe you have some recourse. more traders...

No short the rallies in this Downtrend this market will break new lows once again this is just a bounce as we have seen many times recently

any updates?

i know of several traders that are consisitently profitable with accounts in the 50k range with leverage at prop firms. it's working capital to operate there daily business. they have buying power in the 1-2 million range intraday serves there purpose. they are pro's they don't...

the flash crash low last year was dow 9900 . that would be a nice target to hit with these global issues we may test that area won't take much to get there

the dow low 6600 march 09 to high of 12 800 this year let's say 50 % retracement sound like a good start dow 9500 target sounds right may not get that low again. then again you never know

spx 1450 this year. never going to happen. abby has lost her shine years . worthless forecast that may be a dream target for 2012 on the spx even with a good economy

bearnine you mentioned. CTG the commission can go as low as 30 cents per k. what is the profit payout 70 % ? the rates i mentioned in this thread are for prop firms that pay 95-100 % payout. common with 1.50- 2.00 per k comm. based on volume