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Thanks for your reply... I understand that FX does provide excellent leverage. What I'm looking for in a prop firm is 1) someone else supplies me with risk capital, in other words invests in me 2) sponsored training, 3) being around profitable professionals whom I can learn from. I think that...

Hello all, I have been learning to trade FX for a while. At the moment I am in breakeven land. I'm coming to a fork in the road as far as my trading future is concerned. I love trading FX and this is definitely what I want to do. The question is how to best go about it. Currently I'm...

Thanks, I just checked out their site... Seems that if you want to work with them, you have to pay for quotes either way you slice it, unless you already have an existing account with a broker :(

Hi there, I'm not even thinking of going live in the next few months, I am just inquiring because I want to allocate the cash and plan ahead! Right now I'm just trying to find a few good short term ES strategies, and will be practicing them for a while. I've noticed that unlike with...

Okay, I probably have the pricing wrong. When they say "per side" they are probably talking about the CME's fees, then the broker puts on a fee on top of that? I used to think 1 round trip = 2 sides...

I signed up for a demo account on gofutures.com, and they apparently offer you $0.99 per side on commissions if you have $5K or more deposited with them. That's pretty cheap imho. I was just wondering, does this mean bad execution? I would figure with just one or two contracts it should be...

Thanks. I also wanted to ask, there are of course a ton of futures brokerages out there. My main mission is to trade with 1-2 contracts maximum, since I'll be starting with a small account. There are some brokers there that offer very low commissions, but they may of course not be the best out...

Hello all, I am looking into daytrading ES mini futures. Do some brokerages charge for the live data feed from the CME, and others do not? I've noticed a few brokerages don't seem to have any note of live data fees? Thanks...

A gambler in my definition is a person who speculates with the odds against them. In the long term, the house will always win, by pure statistics. This makes gambling, in my view, a pointless exercise and something that people do when they want entertainment. Anyone who runs a business soley...

Hello all, I've generally noticed that there are traders who are able to produce some very high rates of return from small account sizes. I've read of a number of cases where traders have run up five and even four figure sums to seven figure sums in the course of 12-24 months. Granted, I...

The more I read the more I come to the conclusion that you basically just have to develop an excellent BS filter. I do think its a mistake to have someone else call the shots for you, because in that case you might as well just give your money to an investment manager and walk away. All of...

To be honest I didn't extensively study each indicator in depth, but I did some dry run tests of their rules and they just didn't instill any confidence in me. For example, every time I draw the fibonaccis, there just isn't anything that tells me that more often than not for retracements, the...

To be honest, I've always disliked the comparison between traders and gamblers - even though I know there is a lot of crossover. Personally I've never laid down a single cent in a casino. I realize that in the end, it is entertainment and not a business (for the player that is), unless...

Hello all, I'm a new trader. One of the biggest problems I have is figuring out whom to trust as far as market analysis and learning trading skills are concerned. I've already learned long ago not to trust "trading signals" websites (the very idea of someone else telling you to trade is...

Hello folks, Hope all is well... I've been trying to focus lately on developing strategies for trading FX. I am a new trader and have been experimenting and studying for a few months, as work permitted. My goal is to become full time. I would appreciate a review of how I am doing thusfar...

Hello all, I am interested in what parameters you suggest having for investigating a particular brokerage. From everything I have gathered, brokerages have the following risks: * Being undercapitalized and going under, with your account money forever lost. * Widening spreads on you...

Thanks for your advice, rsikit! I read on their website the following: "Each year the account is charged a $150 annual fee and a $150 annual asset holding fee per futures asset which are charged to your checking account or which are billed and deducted from the account quarterly, on the...

Hello all, I am still in the newbie stage and have a question about IRA trading. I would like to be able to trade forex from several accounts as if they were one account. It would be good if the accounts were linked, if each position I put on affected both accounts in exact proportion...

You raise good points. I think that trading for a living and using the same trading tools as institutionals shouldn't be benchmarks. I mean, being able to trade for a living is a measure of sophistication and experience, but some people do it profitably part time, and some are just trainees...

The forum I was on didn't require proof of identity. It simply required using a full name, first and last. If they figured out you were doing a handle you got chucked. Obviously I think traders don't want to put their real names out because sometimes people throw account statements on here...