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I agree ... IMHO stocks are also a good starting point: there are many different types of market behaviours that can be traded if you have the right teacher - usually obtained by working as a clerk or trading assistant for a short time. Somewhere you need to get familiar with the mechanics of...

This picture appears over and over again in many markets, not just FX. It doesn't happen all the time but under certain conditions is happens often .... This characteristic appears to be a behavioral characteristic of markets .... perhaps for the reasons you state or for some other reason.

welll, I know that I have taken a profit in one of my properties and will probably do so on another...... all those paper profits are just that until you pull the trigger and complete the trade .....

... Until a computer system can duplicate the talents of an expert discretionary trader then pure mechanical trading wont replace people, hence the art form analogy. I think that these days the combination of automated, semi-automated, and some discretionary level of decision making is the...

Well-intentioned is good but valid content stated concisely would be better .....

quantum futures huh ? Sounds like a way to drum up business. I know a bit about these things .... never heard of williams or his Phd's ... doesn't mean they are not on to something but ........... If this was some type of useful infomation my gut tells me it would be phrased in terms...

... and even those lower salary jobs are going going ...gone. The 160K java programmers hopefully realized that their demand curve was part of a bubble and acted accordingly. Yes, there still are 160K US based Java programmers but many many fewer than a few years ago and they had better be...

This is a nice project ..... and I did not realize I could boost the output .....

Not falling for it ... just light entertainment when bored. I read a couple of the posts .... some of the points are valid ... if you can pull them out of all the noise. Basically, for new traders or people considering a trading career, IMHO the only people that can put forward valuable...

In the tech sector there is, and has been, some hiring. The issue is that if you compare the hiring to 1995 and 1992 you would see that real salaries are generally lower. There is a continued flow of lower level white collar jobs offshore that is accelerating and spreading across the the...

Someone should set this up in OpenOffice ... seems like it would be easy to do - and then simply release it via GPL.

No. As previously stated you are already trading against machines. Most traders already are highly automated and have developed automated or semi-automated systems. Even if you are actually manually pulling the trigger on a trade the odds are favorable that the decision was made by one or more...

Licenses are often a thorny issue. If its not GPL'd then you get into a whole range of issues that essentially bind you to that company as a psuedo-partner. The ideal solution is to control the source code and the product directly if you have the means and resources to do so .....

... and thus I am sure you are working on something more than simply deciphering the output of someone elses trading system design ...... ... my closet sized office also has windows ...

Buy versus build is always dependent upon your needs and goals, budget, and existing resources and skill sets. In some cases avoiding vendor lockin is a risk mitigating factor ....

I am sure that there is someone, somwhere sitting in a windowless closet working on it right now .......

Yes and in many cases this produces acceptable performance. In very demanding situations this becomes an issue and the entire framework gets in the way. $soft tools and frame works can be great time savers but they come at a price and can lock you into a vendor relationship that by my standards...

Yes. The ATS could simply be two or three server components: one component processing a real-time quote stream, another component and deciding the rules and perhaps sending trade instructions/signals, with yet another component processing and sending messages reflecting the trade processing...

Even a university professor does not take on students without compensation. They get paid by the univeristy etc and usually their students are expected to work on their projects as part of their training - whether the student is getting a stipend or not. I really dont think the trading...

Seconded. QuickFIX is an excellent starting point for any type of FIX work. We useit with excellent results.