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Yes it has. So you are correct that in theory there are potential arbitrage opportunities. The problem is that you will have to be super fast to take advantage of any distortion between the 3 markets (EUR/JPY, EUR/USD and USD/JPY). Banks, who benefit from faster connection than you and the...

He doesn't have enough fingers to count all the digit of its cumulated losses ! ALthough fortunately this is all virtual money so it doesn't really matter.

I was talking about Coinzy having the balls to trade his DEMO ACCOUNT ROFL !:D

I am definitely looking forward to this contest ! If Coinzy has the balls to accept though !

1) if liquidity isn't that great in Globex your stop loss may be executed at a price far away from your stop loss level. There's no way to say if there will be a bid for you when your stop loss is triggered. 2) if you close your position on Friday evening and re-open it on Monday morning...

Remiraz, you're beating a dead horse !

zwanatico, how many short trades has there been in your 50 trades backtest ?

Well yeah Murray is right. The market has been in an uptrend for the past 1.5y, so you have to study the correlation of your trades to this uptrend. If you take both long AND short trades, and if you made as much money with the shorts as with the longs, then your correlation could be low...

Yes, I completely agree with that...

gwac, I know what you're saying, and yes I understand when you say that money isn't everything. Like you I am sick of the investment banking industry too. Alright, so far it seems that we have 2 options (and I add one more): 1) is it possible for you to ask your boss to give you a 2 months...

You mean WITHOUT a working Visa right ? What you need to rent a flat or get a mobile phone subscription is a HK ID Card, which you get to the condition that you have a working Visa, or a Dependant Visa. The trick of going to Macau/Shenzhen to roll over your tourist Visa every 3 months...

I'm thinking, may be you can look into Macau. The Macau Immigration department could be more flexible than HK. Check their website and call them. The tax system in Macau is more or less the same as HK, and the cost of living is substantially lower than HK. One issue though is to open your...

I trade HSI Futures exclusively, so no time difference obviously. I know close to nothing of the European and US markets. By the way I remember that there is a double tax treaty between HK and the US. My American friends who are HK resident must report their income to the US IRS and pay US...

I'm living in HK. One issue you should be aware of is that you need a Visa to stay more than 3 months in HK. Getting a Visa without a sponsor (eg an employer) is close to impossible. MANY of my friends, even sponsored by respectable employers (investment banks) didn't get their Visa...

In my above post I forget that in the US, coupons from bonds are taxable aren't they ?

Alright, with a PnL of 1.5/2m and a yearly compensation of $250k, would there be a way for you to swallow your anger a bit longer and continue to cash-in before you retire for good ? With a humble living (if you can accept that of course) you should be able to save quite a lot of money. 10 years...

gwac, I was in your situation 3 years ago. Back then, I had been working in the investment banking area for 5 years (therefore a lot less than you), set aside enough money invested in bonds to retire with a humble living, and because I really hate the hypocrisy of that industry I wanted to give...

Yes we have credit lines with banks, they are generally very big because the risk (delivery in the cash market is T+2) is very small, and banks or institutional don't break trades lol. Thank you for the clarification, so what you're saying is that EBS offers FX trading to retail too ? I do...

If you're trading in sizes of $25m cash*, then EBS is too small for you. EBS shows first bid/offer in size of $5m or less, then you have a second bid/offer in size of less than $10m generally, and not always (I am in Asia and don't do trades during USA office hours so you may enjoy better...

Because as I said before, news is only a very small portion of what a Bloomberg package offers. If all you need is news, then Bloomberg isn't a good choice, because of the cost.