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Yep, they all do it. Its how the "commission free" model works. There is no such thing as a free lunch.

I've never used IB to trade Spanish markets, but I know they offer a lot of European instruments, and a lot of European traders use them. I am pretty sure you can open an account with Euros as well. Check their website. As for your question about degrees in trading, I doubt you will find...

Hi Chirag, There are very few traders that are "naturals" and are succesful right away, so make sure going in that you are prepared for a very long and expensive journey. Get your degree and find a job that you can be happy doing for awhile as you go through the learning process. You will...

Since there is no central marketplace for spot forex like there is with futures or stocks, the trades are executed in-house with retail forex brokers. Many will tell you that they offset these trades in the interbank market but given that most retail traders lose money, it pays for them to...

themarket, I agree with your premise that without a moral compass there will be implementation problems, but this is not pure capitalism. If you read Adam Smith and others you will find that they all had strong moral belief structures and it was a given that people, while working for their own...

I agree with rosy, if you plan to automate your trading, you need to know what is making the whole thing tick, otherwise you will run into problems during live trading that you won't know how to fix. As for myself, I am not a programmer but after a couple of "programming for dummies" type...

Yes, and it also shows that we are not teaching economics enough in high school. While I don't fault the bleeding hearts for their intentions, its the actual outcomes of their policies that they always ignore because as long as the intentions were good, they feel fine. Meanwhile the victims of...

OldTrader and Algorithm are right on the money. Pick up an economics textbook and read the chapter on price floors. Artificial wage minimums lead to unemployment for entry level workers, the very people the laws are supposed to help. If a company has $100 an hour to pay for labor and the...

IB has an API that you can connect to any trading system that you write. There are also third party applications already written for IB. There is not an interface built in for mechanical systems like TradeStation, but in my experience its worth the effort to "roll your own". IB is an...

Sorry to hear your story, but I know that its common for many people and I applaude you for having the guts to admit when its not meant to be. If you have trouble finding a job because of the gap in your employment history, one thing to consider would be going back to school for a masters...

LOL, with all the threads lately about "can you make a living trading" or "I suck at trading" I thought this was a thread about getting a job. I don't know if I would call it "innovative", but the new turbo coffee is quite good. Its the only fast food coffee that I will drink. But I doubt...

A small edit to my post. I typed "opened at the high and I sold, or opened at the low and I bought", which of course I meant the opposite (selling at the low, buying at the high) which usually led to big red days. As for MFE/MAE...I tried MAE as my first logical stop point in one of many...

The premise is very interesting and I thought I would post my expereince since I have done something similar in the past. I took a slightlly different approach, but the problems that you have to overcome are the same. In my case I was trading the ES and was looking for just a single measly...

Be nice fellas. Just ignore the thread if you don't like it, simple enough. Being moved to Journals per author's request.

God in the Pits by Mark Ritchie. It has less to do with trading (although his life involves that and there are some great trading stories in it) and more to do with his journey to find his place in the world. I love autobiographies of successful traders and this is one of my favorites (along...

Haha! Someone that gets my nick, lol. War Eagle! Class of '96

I love Birmingham. I have been to San Diego and I love it there too, and you can't compare beautiful beaches and perfect weather to inland cities. However, as mentioned above, traffic is nowhere near as bad as Atlanta. Yeah, its hot in the summer, but that is what sweet iced tea is for, lol...

I am in Birmingham. I've already spoken with you via pm, just wanted to add my name to the list in case there are others from around here in the future.

I sat next to Mike on the Assent desk in San Diego and from what I saw he is the real deal. He didn't know me from Adam as a new person in their office, but he took a lot of time to help me. He was always swinging a big stick and making it look easy. I know from talking with him that he has...

Per thread starter's request...done