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Thanks for the reply, appreciate the opinion. I will be doing over 100 RT's a month so on that comparison I guess velocity is the better. I've been made aware of deepdiscounttrading.com also which seem to have great rates, but their website is awful. I really dont think I could leave...

Hi, Firstly apologies if this is in the wrong section. Im about to open an account with Velocity, mainly trading Eurex products and their commissions seem to be the cheapest of all the brokers i have looked at, between Eur1.20 - EUR1.50 a round turn for the Ninja Trader platform. This...

I have worked in prop firms for about 6 years and the majority of the people I know making big money do it by feeding off of the HFT systems, they learn to recognise the patterns they create and follow in their footsteps. If you find your stops are run or you cant get the price you want...

Hi, In the past I have built a lot of breakout/trendfollowing type systems and the potential slippage is horrible as your orders are usually being executed as a wave of people start getting stopped out of a trade. I find these systems are generally only profitable on a long term basis where...

Thanks for the replies guys. I agree to be honest. Of all the systems I have tested generally the wider the stop and the more room a trade is given the better the system performs. Which leaves a bit of a paradox. Give your trades room to breathe but cut your losses quickly

Hi all, I was wondering if any of you employ the strategy of moving stoploss to breakeven after you have gone onside a certain number of ticks/percentage? Do you feel this smooths your equity curve? In my experience protecting downside is vital and i like the idea of locking in a profit or...

Joman, Yeah i've seen that link before which suggest 20-30% of retail trading accounts are positive. Assuming those figure are accurate you also have to remember those stats take into account all newbie accounts that come into the market have a punt and quit. I wonder what the stats would be...

I have worked in trading arcades in London for about 6 years. I personally know at least 7 people that regularly make over £100,000 a month scalping futures. From S&P's, to 10yr Treasuries, to Oil, you name it, for every contract I can tell you someone that trades it. They dont have any...

To be honest this topic is a huge and cant really be covered on an internet forum. But a few pointers. INTEREST RATES can be raised or lowered and can have an impact on currency prices. EXCHANGE RATES fluctuate on a second by second basis depending on supply and demand. There is no way of...

"Tudor retired long time ago as far as I know" Tudor Investments is still a powerhouse in the hedge fund world. Not sure how many 00's of billions it has under management but its not small change. I dont expect PTJ still sits at his screen scalping S&P's but i'm sure he stamps his mark on...

Good idea for a thread. I would love to know more how the independant traders have got on in recent years, i.e trading arcade/locals. Because their style is more akin to how most of the people on here trade. PTJ, Soros etc all manage hedge funds with billions under management with...

Excuse my ignorance but how would you interpret that data? Is that suggesting the spooz has less chance of being at the current price in x periods than eurusd? In my experience equity indexes seem to be far more mean reverting than a currency market

Not really. I was saying that equity index options are generally more expensive on the put AND call side than FX. More so the put side. good point about the fx market being more symmetric though. Just seems strange that an average 4 week move in an index option leaves you at a price with a...

Hi, This is just an observation and I was hoping a more experienced person may explain why. But OTM options in the currency market are significantly cheaper than the equivilent option in the equity futures market. So for example an option 1 st dv OTM based on a 21 period moving average of...

Hi, I was wondering if any of you guys trade options with a daily expiry? They seem pretty lethal. If you sell them there is very little time premium to capture and if you buy them then the rate of time decay is so fast theyre worth about 25% less in a couple of hours. Of course if you...

seriously, dont try doing this unless you are paying under a dollar in comissions on a trade. I know several teams trading flys in the brent and cl markets and essentially just collect the monthly commission rebates, very little edge trying to take a tick in a market that moves 6 ticks in a day...

I agree, the edge thing is always advised to people but you may as well say "search for the holy grail". I worked on a market making desk on a relatively illiquid contract, nobody knew how to price the product efficiently and because of that we could buy the market 5 ticks below the bid...

I was wondering if anyone has ever used her chat room service? Was it any good? I have no intention of signing up myself but as a huge market wizards fan i find it strange she would be doing this. Far be it from me to criticise, if reports are to be believed she has made more money in some...

The market is going straight up for one very simple reason. The FED is giving virtually free money to banks. They have 2 options, borrow money at 0.5% and buy treasuries and get maybe 1-1.5% on it. Bit of profit in that. OR Borrow money for 0.5% buy all the assets they can get their hands on...