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    Money Management in Forex

    Ha ok mate good luck in your endeavours, i thought you wanted an answer not an argument, but your call. There’s no failure rate of 97.5% in fx, only at retail speculative level. There’s a difference between hedging exposure and directional speculation, both affect the spot market in different...
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    Money Management in Forex

    If a company is hedging exposure, it'll usually be done through options rather than spot with the counter-party delta hedging as price moves towards/away from the strike. But if you're talking about a spot position, most of the t1s use vwap running 24hrs a day with occasional spoof orders to leg...
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    Internship for a Trader Wannabe

    All good advice here. If I was in your shoes I'd fire questions to traders you admire and see where it takes you. A decade back I found an absolute gem of a trader who set me on the right path. It was light guidance rather than full on mentorship but worth its weight in gold. And if you compare...
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    The truth is trading is incredibly boring..

    I honestly can't see how you'd choose this job if you're not interested in constant improvement, constant research and the quest for bigger and better. If you're bored just consider what your competitors are doing. A few years back a hedge fund here in London was studying price discovery...
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    Would you collaborate with a programmer if it meant sharing your system/research?

    I'm in/have been/rotating around *exactly* the same kind of dilemma as you for years. - First I ended up farming out code to different devs and bringing it together myself which works, but is an utter sh*t show when you want to make changes and you're back in line of their other clients work -...
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    Setting up a prop-trading firm vs. a hedge fund

    Maybe terminology is confusing the issue here, but becoming a publicly listed company - ie floating on the stock exchange - isn't viable with that kind of capital as others have mentioned. Even though £1m cap is acceptable on AIM, it'll cost at least a few hundred grand to list. But maybe...
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    Why Is The Obvious Not So Obvious?

    Everyone who trades the underlying trades with expectations of a trend - even retracements are of the assumption there’s a lower counter-trend. It’s the only way to make money trading directionally. That’s a given. The reason this - the subject of the thread - is so hard is we live in a time of...
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    depression

    hi Stochastix, I lost a friend to depression a few months back and having seen it upfront and closeup, every single one of us - the friends left behind - have been kicking themselves over what we could have done, should have done and might have said that could have made a difference. So...
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    Who moves the market? forex question

    Narafa, I'd always assumed all derivatives in play would be measured against the 10am NY cut not the fix? If so, why is it the case given the final valuation will be against the cut on expiry?
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    Let's talk about loneliness

    Tony, how far is the nearest town from you? Because it all sounds very familiar. 7 years back I traded from home for 6 months. Went up the walls with boredom. Looked at prop shops but really didn't fancy terms so opted for shared office space ever since. While the first ones I tried were a bit...
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