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If your friend is already trading stocks successfully and wants to move into futures, he/she can either a) trade a futures contract not strongly correlated to the market, for example crude oil (definitely NOT a beginner's contract!), or b) trade stock index futures which is no different than...

This sounds like marketing material from someone who is either an introducing broker or teaches trading using Forex. Not to say that there aren't some valid points. Is the market 'more liquid'? Depends which currency pair as compared to which futures contract. EUR/USD has a one pip spread, but...

Regarding impact on capital markets, the entire population of the US is about 318 million people strong. According to one statistic, about half have part of their assets invested in the stock market, so that's 159 million people. Of them, I would honestly be surprised if more than 1% would...

It's possible they already have some older accounts. Since the company is owned by the Swiss, it's not likely they'd want to anger the SEC or FINRA. There's also a Russian brokerage, United Traders, but even they won't allow US accounts to access US equities markets citing US law.

From Suretrader's site: "Swiss America Securities, Ltd (SureTrader) does not service accounts for U.S. citizens, U.S. residents or U.S. corporations." What most people do who are starting is they deposit $30K. This way you have $5K to play with and $25K as the required buffer. Personally I am...

Before you go ahead and do this I'd really ask myself carefully what you want to get out of it yourself personally. Helping is great, but as I said before, you have to be really sure your help is going to benefit whomever it is intended for. The sad truth is that most people should not be...

P.S. If I had to do it all over again, this is what I'd do: a. Read some 101 stuff on trading, like Day Trading for Dummies and Technical Analysis for Dummies. This will give you some basic background. b. Open up a demo Forex account just so you can play with the idea of making a trade. This...

As far as getting by while trading, my advice is to look into the following options (options meaning choices, not financial instruments :p) if you want to day trade: 1. Move to an area where you can hold down a full time 9-5 job AND trade either US or European markets (Asian markets usually...

P.S. Also, you have to be ready that statistically speaking, most of your friends and their friends will not be able to benefit from your advice, not necessarily because your methodology is poor but because their dedication to trading is not what it should be (although it's also possible your...

As far as I'm aware you don't need any such license (this applies to New York state). However, the trick is not to appear to be giving specific recommendations to buy or sell, there you're already walking into investment advisor territory which means you have to register as an RIA or CTA. That's...

Based on my experience I totally agree that there's no one textbook that is a magic bullet. The problem, though, is you need some anchoring point to begin with. Like DOM for example, when I'm looking at the ladder, all I see are numbers going back and forth. There is no logic to what is...

Thanks SPT, I'm working my research war right now :) Two last questions if I may: How did you learn to watch the DOM and what are your favorite trading books? Thanks for your time!

DonKee, thanks again for posting about your strategy. So basically you're just looking to catch a good pullback all day long in either direction that you get. SPT, very impressive that you managed to create such a rapid fire strategy. So basically you're just looking for 3 tick pops or 'mini...

Thanks for the reply SPT, I've always been impressed by people who are able to make such small trades repeatedly. I don't think, at least at this stage, that I could trade that way easily. I'm looking to gun for 1.5-2 point moves at a time. I'm curious how did you develop your technique and...

Thanks for answering, SPT, you're exactly the kind of person I needed to hear from. I gather you're using a very small time frame to be making so many trades. What is the basic idea you focus on: trend following, breakouts, reversals? How did you develop your methodology? Do you adjust your...

DonKee, I'm curious, do you have sub-categories of your setup or do you look at each trade in the exact same way? Also, what are the longest stretches you have where you haven't got any signal that you would take?

Thanks Donkee, my problem though is I'm very indicator phobic and my results prove I do way better with just pure price action.

The issue I'm having is that ideally speaking I'd like to trade the first two hours only. To do that, it's appearing like I'll have to develop multiple price action setups (possibly 7-10 based on what my initial reseach is showing me), because clearly some days the market is ranging, others it...

Hi all, At the moment I've decided to focus just on ES (I've learned YM and NQ don't provide much diversification, maybe just a slightly cleaner setup here or there). I've developed two reversal setups, but my problem is I want to trade just the first two hours of the day and get really damned...

Sure. If you say you're a profitable trader and you want to manage someone's money, the hiring manager would be a real idiot for not asking for some proof. Trying to manage a bigger book? Getting base + bonus and health insurance? Could be any number of reasons. I wasn't implying that math...