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    I am looking for a firm to start as a prop trader

    Why do you even need to exploit demo accts when you can have different real accounts of opposite trades and hold for about a year or more to show a decent track record? :D Just square off and apply for your hedge fund manager job.
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    Whole Concept Of Track Record is STUPID!

    I can hold 2 or 4 accts of opposite portforlios each say having 15 or more instruments (stocks, indices, FX). As long as one of these accts goes up by 200% or more in 2 to 3 years, I stand a chance to enter an institute. Just square off and apply for your hedge fund manager job. Whether I...
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    I am looking for a firm to start as a prop trader

    Scalp, Look at the number of downloads of your statement; Maybe you can arrange with ET to charge per click like GOOGLE. Soon you can setup your own online Propshop and advertise: "Please pass the details, step by step of your trading secret/systems and participation deposit of $25K and we...
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    Morgan Stanley Traders Lost $390 Million in One Day in August

    There is no paradox here. It is an issue of transparency: A number of ex-college mates who are engineers, accountants, sales managers,etc. asked me if I could trade for them since they have no time to monitor their trades and could only invest long term in mutual funds/ETFs/Bank Structured...
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    Morgan Stanley Traders Lost $390 Million in One Day in August

    I am no quant or Ph.D. but isn't this common sense: Every cup has the probability of 1/3 in the beginning. When a cup is taken away, the prob for each cup remains the same unless-> it is clearly stated that the cup taken away does not have the coin meaning only one of the 2 remaining...
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    Are Quant funds=Hedge funds=PropFirms=Bshops?

    A number of ex-college mates who are engineers, accountants, sales managers,etc. asked me if I could trade for them since they have no time to monitor their trades and could only invest long term in mutual funds/ETFs/Bank Structured products(which included subprime CDOs). Some proposed a...
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    Question about getting paid at prop firm

    You could set up a decent looking homepage and advertise: " I am with a prop firm, pass me the details of your strategies and participation deposit of $25K and we can arrange for you to trade like a fund manager Also, if you want to buy or sell any property, contact me too"
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    Are these Prop firms just collecting strategies?

    Maybe I could set up a decent looking homepage and advertise: " I am a part-time programmer who may program for you FREE provided you show me your strategy's returns for the last 3 years... Please pass me the details i.e. step by step of your trading secret...If it work, it's free, if it...
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    How can programmers charge by the hour for systems automation?

    Shouldn't the price be a fixed quotation by the project? What happens if he takes longer than expected? fell asleep scratched his butt read newspaper at toilet ...while waiting for backtest results or worse...have no idea what he is doing...
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    Why is there no volume on Forex?

    Does your bookie tell you how much he collected on a certain bet? Does he know how much the other bookies collected on that same bet? When they say Forex has the highest volume transacted among all the markets, it's like telling a rookie that he can start with a small trading capital and...
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    Are these Prop firms just collecting strategies?

    I am new to this whole prop firm thing...are they like marketmakers combined with fund management firms? Can the whole process happen this way: After seeing and satisfied with your trades and statements, they will request the details of your strategies. Otherwise, they will ask you...
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    Carry Trade Interest Differential Consistent among brokers?

    Thanks for the info. I have an acct with IB and I checked IB website but couldn't find the swap rates for Yen pairs.../JPY Anyone have FXCM acct,how is their swap rates for YEN pairs?
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    Carry Trade Interest Differential Consistent among brokers?

    What brokers follow closest to central bank interest rates differential? Which are the ones are better for carry trades (w.r.t /JPY)? How often do the swap points change? Anyone here uses pairs/spread trade strategy between baskets of FX pairs?
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    Philosophy of the Stock Market

    sphincter police and goose; excellent desciption :D http://sphincterpolice.com/ http://youtube.com/watch?v=CL3XYP43xME
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    Philosophy of the Stock Market

    Once upon a time in a village, a man appeared who announced to the villagers that he would buy monkeys for $5 each. The villagers, seeing that there were many monkeys in the forest, went out and started catching them. The man bought thousands at $5 each. As supply started to diminish...
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