Search results

Is there talk of this foolishness applying to Forex ? I hadn't heard of any

My goodness. This Barroso guy is truely a tyrant.

This is not about convincing the proponents. It's about everybody else. It irks me when folks against the tax say things like, "yeah but it would have to be applied internationally to work and thats not going to happen, so no single country can do it" Wrong. It would fail even if it were...

The FTT is a dumb idea from a government revenue perspective. And this is from where I believe it needs to be attacked. With something like this, less transactions will be made, less profit incurred and therefore less overall revenue to the government. Traders are already paying taxes on...

Yeah. I appreciate the info and that looks like the track I'll be taking. I may just have to accept 5 more years in the grind before being able to trade independently fulltime but it looks like the way to go. I'm going to fine tune this strategy more and will be putting it on the Collective...

Thanks. I'll look into #2 . Any other advice appreciated.

What do you think would be a capital base large enough to prove something ?

Are you aware of any proprietary trading firms that work with forex ? I don't know of any off hand.

What are some auditors I could use ?

What you are saying makes no sense. Maybe you should read my first post again. Your living expenses need to be paid in dollars, not percentages, so one could be a very successful trader and still pull far less than a mediocre trader who happens to be blessed with a larger capital base to start...

It is very real with the statements to back it up. Not sure what you mean about revealing too much ? What exactly would I have to lose ?

The most I've ever drawn down is 3.5% using leverage of around 25X. The most IB allows is 50X. In theory I could pull a 600% yearly return with leverage of 250X assuming a 7.0% max drawdown which would mean 70% in practice with the leverage. Not the way I'd prefer to do things but doable...

Hi. Not sure what you mean by 100+ times CAR. thanks.

Hello, I am now consistently making a 5% return per month trading Forex, after working on my strategy, practicing, and trading the market for about about 3 years. Two years part time and this last year fulltime to generate a verifiable track record. Problem is, I have a small amount of...

Thanks, I'll check them out.

I don't like the fact that Interactive Brokers is closed 15 minutes everyday, since I like to leave positions in over night and want my stops protected, but they seem to be the only forex firm where your money is protected by the SIPC. Am I correct about this ? Are there any other firms or...