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you can't really compare that as those are average comp packages, whereas at pro firms maybe a tiny handfull, if that, managed to earn 2mill whatever. cheers

very true, there is this big illusion floating around that all the people sitting behind monitors in huge trading rooms at institutions are all betting the houses money. which obviously isn't the case as you stated. cheers

quote: huby: RE: to Intrinsic about "Learn to Spread Trade" Boy have I got a funny story for you! I used to work for "Learn to Spread Trade! They are based out of Provo, Utah and the entire organization is a scam. I actually worked in a phone selling "boiler room" and Learn to Spread...

huby, thanks for sharing that with us, great post ! cheers

a couple of facts RE the spot interbank foreign exchange (fx) market, the by far most liquid and 24h market in the world, and where roughly 95%, according to greenwich associates, of the usd 1,2 trillion a day volume, according to the international bank of settlements, is purely speculative...

but, the point is that without compounding all numbers are irrelevant and don't tell you anything worth knowing... ie, who really cares if somebody manages crazy percentage numbers as long as they cannot compound them... that is the difference between a salary that from a risk/reward point...

you can forget most of those rankings, they in no way depict the true picture of the industry that in reality is pretty dismal, as funds that blow up are simply no longer included in rankings etc etc. one of the most comprehensive studies on hedge funds was written by William N. Goetzmann...

hmm, as far as "primitive" or whatever goes... these days way over two thirds of all interbank forex transactions are still done over the phone... and that is really all you need, a phone and a good chart provider like CQG etc... that's really all trading is about... as far as...

quite honestly, i wouldn't give any interest away, you'll always regret it, nor would i provide any financial incentives in the form of huge fees based on performance for clients to private client services or funding groups etc at investment banks, they'll really charge you to the hilt, doing a...

hi roumeo, i didn't want to put you off of spot fx, hehe, just that one firm (and all it's cousins and other relatives), but there are very many reputable institutions that might be viable for you for a job, some of them to be found in the articles from my link above, if that sounds interesting...

roumeo, like i said earlier, the whole thing is really extremely dubious, very likely nothing else than some rip off scam, i really wouldn't touch them with a yard stick. i just posted two articles in two posts about the reputable side of the spot fx markets that you might want to read to get...

i'm in the spot fx markets myself, but this sounds like a classical proposition where it's best to run, and not walk away... no base salary... no track record ! ! ! no back office taking care of risk management... you have to chase after client money yourself... forget about it...

exactly... nothing changes because human beings never change... and rogers was extraordinarily good at going after the big moves... as for being wrong... soros said sthg to the effect that he isn't right more than the next person, he's just quicker at cutting his losses... and...

gosh... sorry for hearing that... unfortunately i believe that robertson isn't going to care too much about that assessment... not with a realized private net worth of usd 1 bill and a great performance for his investors over decades until he suffered a stiff drawdown and closed his...

well i suppose what got me interested here was the underlying assumption being made that pro firms and their extremely active trading style offer a more advantageous means to earning a livelihood from the markets than the abundance of alternative time frames and styles available out there...

let me put it like this... the words use or abuse don't really matter, one can call it whatever one wants... when you have 100k and that allows you to buy 3 million worth in the fx or whatever markets, the latter figure is still totally irrelevant... the only relevant figure is what is...

of course the bottom line is that all you're talking about, don, is leverage... sthg every futures or fx trader has access to who goes to a broker and opens an account... i believe i've read somewhere that your traders have to put up usd 25K... and with those they then have access to...

hmm... if richard dennis had believed that the way to go was trading like his fellow brethren in the pits where he started out as a local and scalping a salary out of the markets (most locals, like everywhere else in the markets, never make it) he would never have turned his original usd 400...

i'll have to say that that is one of the absolutely truest things i remember having read on boards in a long long time... cheers and have a good weekend

while i wouldn't want this to be misunderstood in any way by somebody who's just starting out, for whom it would most definitely mean a severely deplenished bank account, i really want to congratulate you, praetorian, as somebody who knows what they are doing, on your ability to handle big...