Search results

There was an article recently that suggested that most FOREX retail traders were range traders and everyone looks for the most active times which tends to be trending times. The range bound times are 2pm to 6am EST. I do not have data to back this up but I have been doing more trading in the...

Would you people sort of equate pips to cents per share? I look for 30-50 pips. If the pair doesnt have 30 pip in the trade that I see I cant enter. I do the same with stocks. I need 30-50c as a target or the R/R is not there.

Does anyone have a prop setup at a retail brokerage firm where you put up a risk deposit and trade with enhanced leverage. Acting as an employee of the BD? If so, let me know the setup ie must there be a payout, systems and any compliance hurdles. Thanks

What is better for a new trader to begin trading from an investment/return perspective equities or forex? If successful within reason can you make the same income with less capital at risk with forex? Do equities offer more opportunities? Opinions please.

Here's my view. There's Ivy League and there's everything else. If you cannot get into Ivy League attend a solid state school with reasonable cost and get a marketable degree.

Can anyone clarify to me if a US citizen can legally trade through a non CBSX (no license required) trading firm and if so are there tax implications. Please clarify if you can and maybe point to a rule somewhere for me to research and avoid any agendas. This would be most helpful...

I had a client that did not want to invest with us any longer because we used to mail her confirms and she thought that was a waste of money. I forget how much stamps were back then. We had no choice since it was many years before the internet. Clearly, she was ahead of her time but we had no...

The top mentor there has been quoted as saying he makes $23k per day so why cant Bob? LOL.

I would like trader's opinions on the value, if any, in trading rooms and has it helped or hurt your trading. I'm not talking about following someone elses picks and expecting success. I am think more in terms of being in a room that has the same general trading philosophy and utilizing the...

Can a US Citizen go offshore (legal, IRS etc)? Is anything needed to do so? Or is there just more risk putting youir money offshore in terms of risk deposit.

What is the "international branch"? Why dont all their traders trade through BSI then? I'm confused.

So I guess if no one is willing the only option is non-CBSX with full disclosure and trade reports to the retail firm. I guess that's like having a Scottrade account with more leverage.

I know it takes dual registration to be a FINRA Registered Rep and also a CBSX Prop Trader but is there another way a Series 7 Rep aty a FINRA firm trade without being retail? Would it be best to trade through a none CBSX firm and simply disclose this to the FINRA firm and provide trade reports?

I am wondering how a chat room moderator, mentor and office manager might be compensated under the deposit prop firm model. Assuming a piece of commissions and maybe a reduction in your own fees for recruiting, mentoring and managing risk? Also wondering if these firms pony up the money...

I think I'm going with DELL so what is your advice on a computer for a very basic trader. I will use 4 monitors and run DAS trading platform. No algo or trading programs. Just want internet, DAS, chat rooms and maybe I will ad esignal. Need speakers.

Anyone opinions of this? www.stockpair.com

Give an example of how one might leverage a 20k equity account at $200k in directional positions long with the SPY short. How much SPY in that case?

But if a deposit prop firm endorses the above strategies you say?

Are you saying that market neutral strategies are designed to create volume from traders as much as they are to create a profitable strategy? If so then what about openings, MOC and imbalances? That is scary if that is the case. I hope not.

Whats wrong with being a low volume directional trader at a prop firm? Thats not my problem thats the firm's. I pay them. P/L is P/L so $1000 profit is $1000 profit whether it's a directional on 1000 shares or on a $500k arbed account. In fact its less costly and risky. I'm apparently...