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The author forgot to mention that intra-day trading kills about 95% of new retail FX traders.

WOW! I rarely post on any price complaints (i.e. no central exchange, depends on pricing of your market-maker, blah-blah) but this is way out of order. Reuters high 1.9120 bid no way you could have been stopped out at 55. Is this the famous IB "no dealing desk" ?

note that I said "in the long run" (Modigliani-Miller world if you want), which does not mean that you cannot have a profitable strategy utilizing leverage. Look, retail traders get 200x1 leverage and you know their "profitability". Obviously professionals (whatever that means) use leverage...

right.. :mad: :mad:

well in the long-run leverage should be irrelevant in a sense that expected return cannot be increased by increasing leverage..

Forget about 25%. For typical returns you can take a look at the Parker global currency manager index... I believe the results have been less than impressive lately. http://www.parkerglobal.com/fxindex.htm Bank dealing desks are profitable of course, but that's mostly a function of...

The appropriate authority to send this to is CFTC www.cftc.gov

Please re-read the comment from lrm he described it very well. There is NO centralised market in FX, the fact that you see some quotes on Reuters doesn't mean you or anyone would be able to trade on these even if you were in the interbank market. FX market is "rigged" only to the extent that...

This is just completely ludicrous. I suppose you don't have much 'proof' for this claim?

hahaha another guy who thinks he's somehow smarter and more knowledgeable than all the economists in the Fed and dept of labour.

Fine, but if liquidity is not the main factor behind execution speed, I don't know what is, frankly.

I'm sorry, do they make you take series 3 exam at IB?? I understand that you are trying to push your side of the business but arguing that futures market is more liquid than spot is just..eh...absurd. Spot has many times the amount of volume, liquidity and instruments to trade. The fact that...

Futures "much faster" than spot ?? :confused: now that's a revelation

Oh no, watch, he's gonna come back saying he made another 268000% return with his 'cut profits short' and 'let the losses run' strategy.

Well I believe D Brown states on the first page of his book that all the historical "facts" are correct. Anyway, both the article and the book are fiction, I agree on that :D

The article is a bigger lunacy than even the 'Da Vinci code' :D :D

Ivanych.. leave the thread to 'da experts' :D EDIT: Moderators, would you PLEASE at least correct the name of the Federal Reserve Chairman in the poll?

Wow. The "switch to data-driven approach" - I wonder what was Fed driven by before it started looking at economic data. Astrology? Black magic? The Elitetrader forum moving average dumbness indicator?

Your spelling is incompetent, that's for sure. ChairmAn Bernanke is fine, thanks very much.

+25 bps but signal of a pause. CAD seems to be offered anyway (so far)