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Don, you miss the basic premise I am saying, most props are just sub LLC's with a retail account. Registered firms pay SIPC dues, most props don't. It is these accounts they pool your money and give you leverage. And these "props" mistakenly give noobs the impression that there is nothing to...

Since most props are nothing but sub LLCs trading with a retail account, the account does have SIPC protection in case the firm the account was opened with goes under (assent, genesis, Goldman sachs, etc) However, your agreement is with the llc you trade with, not the SIPC. Most LLC's are not...

Laser has access to a much larger short list than Anvil. Yes, you could put in a request for the stock, but when you are trading, that takes time and the moment could be gone.

I think executioner started this thread as a discussion about firm payous, but the manner in which he began this does come accross as nothing less than a gripe about Chimera. Maybe he should have started a thread title as: "Who would work for a firm that pays once a month when you could...

I've got to assume that in their contract it specifies that there is only once a month payout. I am sure that these high volume traders read and signed this contract before they came to the firm. If they wanted payouts more than once a month or whenever they want, why then did they sign on to...

What election? There's nothing until NEXT year.

The largest source of revenue for the Mexican economy is the vast stores of crude oil that they sell on the open market, the US being the biggest buyer of this oil. The second greatest source of revenue is the money that the workers ship home from their jobs here to their families back in...

I think every US citizen illegally inside Mexico should demonstate in the streets and bring Mexico City to a standstill! Oh, wait...

Fastest? For your Celeron or your P4 or your 32 bit processor? Or for your Xeon's or 64 bits? It really doesn't make that much difference for most people as the processor you use will have more of an effect on your program's usefulness than whether your wrote in VB or C++. If, however...

Paris or London, because US trading times there would more closely match my natural sleep cycle (get up at 10am or 11, eat some breakfast, then go sit in front of a computer)

I don't think he means a non-profit in the traditional sense. What he proposes would more closely resemble a co-op I think.

In most (99.99%) of the cases, you will not be able to lose more than your contribution due to risk management of the prop. They monitor your activity, and if you approach a certain level wefore you blow out your deposit, you will be required to add more funds if you want to trade. Your...

???????? Can't comment on the API because I have signed a NDA (non-disclosure agreement) If you want that info, you have to ask them yourself. As to deposit info, etc. it has already been discussed here, IN THIS THREAD, no less and elsewhere on this sight. Don't be lazy.

Google Robert Green, CPA. He has talked on length about how to qualify for trader tax status w/o creating corporarte identity. You may find what he has to say useful. Also, check out Dailyfx forum.

Hotspot is the one I am currently focused on. I also use IB, but that is mostly for hedging fx futures. The thing I like about Hotspot is the participating partners - there is plenty of liquidity, even more if you go institutional, but you need a prime broker for that. I'm currently writing a...

http://www.elitetrader.com/vb/showthread.php?s=&threadid=90552

The answer to the original post is not so straight forward. It all depends on numerous factors, such as risk amount, knowledge, etc. If you are only looking to open an account with anything less than 5k, your choices are pretty much (see below) limited to the various market makers (FXCM...

Didn't we have this similar thread just a month ago?

Has anyone designed a front end to work with IB's FIX protocals? Have you been able to do it successfully? Does a FIX front end to IB have the same/similar connect/disconnects that TWS and the API have? I am beginning to write a new front end, but based on my experiences with TWS, and the fact...

tradexfx? Check it out, someone got proactive and eliminated his bs. Should have kept some of the posts just so we could ridicule him and his firm.