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Thanks for the replies guys, I'm seriously considering euro currency futures, have been monitoring it on globex on IB's TWS and there is lot of liquidity and spreads on average are 2 points.

Since many new traders will have no choice but to trade futures, we should discuss which futures instruments are best suitable for novice future traders. Index futures are obvious, but what about currencies or even bonds? Any comment is appreciated.

If you don't qualify as a pattern day trader and have a margin account of under 25K are you subject to T3 regulation? For example: Can I buy today, sell tommorow, buy tomorow sell day after etc. or am I restricted to the same rules as cash accounts.

def I don't understand how is rogue trader factor different that bankruptcy. Can you please explain it in more detail.

Under what circumstances would my money be in danger in IB futures account? Let's say I have $10K in my futures account and $30K in my equities account. IB bankrupts overnight. Does it mean that my $30K is insured and $10K is not. What happens if I move my money on daily basis from futures into...

def, do you mean that you can basically use your margin only once during one day?

What effects will the terrorist attack have on Wall Street and trading in general in the long term? First of all I think that interest of general population for stocks and stock market in general will substantionally decrease as people will realize how vulnerable and easy to disrupt our...

I have to agree with andrasnm. I think that in Tony Robins thread there was no hype, and that it was related to trading. Maybe you should consider deleting threads in which people express their political views.

Have you tried to phone them?

What are the best sources to study this theory and how effective it is in your opinion?

I think that Andrasnm has touched this subject in one of his posts a few days ago and I would like to expand on it. First we have to assume that if you chose your entry position by chance you have 50% probability for the trade to go your way. Part of those 50% in the long run will be...

I think that we should have a discussion on advantages and disadvantages on trading futures vs stocks and vice versa. In my opinion stocks are easier to trade and probably better choice for novice trader but in stocks there is a limit of how far can you go. In futures once you become...

So you mean that I a person could use IB as a broker and trade TSE and not be under NASD regulations. If that is the case that is a good news for undercapitalized traders. TSE has decent liquidity.

def, "While IB understands that some customers feel that the new rules are unfair, we must comply with the rules. We encourage you to show your displeasure with the new rules by making greater use of options, futures, and overseas market centers." Does this mean that one could daytrade...

stock_punter "If there's anything I/we can do to help you guys succeed, let us know." Just send them a gift in form of certified check or money order at the address below. Interactive Brokers LLC One Pickwick Plaza Greenwich, CT 06830 Attn: Cashier's Department :) :) :) I...

I agree. Candletrader's statement is one of the best statements ever written on this board. Bravo!

Come on guys, In this case we are not talking about 25% or 40 % reduction in volume. We are talking about tenfold reduction in the volume. Volatility is still there and that is why I can not understand this change.

I don't think that there are far fewer daytraders now than last year. There is much less casual traders with etrade and schwab accounts but i think that actual number of full time serious day traders is steady.

I will use JNPR as an example but the same thing is happening in most other Nasdaq fast moving stocks. Todays trading range LOW 13.42 HIGH 14.25 Volume Approximately 10,000,000 shares December 2000 Estimated daily trading range LOW 135 HIGH 145 Volume Approximately 10,000,000...

def, I guess you got me all wrong. I do not consider IB to be part of "old boys network". I do agree that IB was among the first to help out in leveling the field. I know that IB has voiced it's opposition to the rule. I also know that if I was in IB's or any other direct access broker's...