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In short: Don't be a fool. Stay in school.

the practice of churning is inherent at any type of brokerage - retail, prop, etc. commission rates, payout splits, etc. should be fair across the board. Any type of firm that gauges on that should be foregone as generating commission $$ is probably their only interest BUT the training...

I agree that books can be excellent; However, there are inherent differences between visual representations and reading in books. There are other things that factor in as well. Self-education is a great approach but it doesn't work for everyone. Most traders that begin would last longer if they...

I can think of a lot of things right off the bat that can be taught: risk-management skills like calculating and implementing stops and targets, order-entry techniques, pattern-recognition, etc. Other aspects like market psychology and controlling your emotions are more innate characteristics...

"If it sounds too good to be true, it probably is"

Not necessarily. It depends on the situation. People have different learning styles and many people prefer to find a "one-stop solution". A few years ago, I was far more likely to recommend the the first choice because the places like T3, SMB were charging a ridiculous amount but it's been the...

non-controversial. Sales in itself is a unique skill/talent that if one has, can be applied to just about any field.

Well, don't forget state-funded gambling, the lottery. That also has a lot to do with online betting / poker. I'm not into any of those things but the excuse that consumer protection is why all online gambling is illegal is a farce. The state governments themselves are running huge lottery's...

asset management is a pretty broad term. What type of financial instrument would you be interested in managing?

Don, you guys all that you can do and your reputations speaks for itself. The compliance issue is not limited to trading, even pizza shops have to comply with absurd rules and regulations that destroy opportunities for those need it most and create massive burdens to entry for those willing to...

Licensing exams are meant to put money in the pockets of agencies that need it. They're not meant to help you trade but rather to create burdens to entry for small guys. The way the big players see it, you are an easy target. All they need to do is lobby to get one line into the law that...

Here's my 2 cents: I agree with Maverick but that's also subjective. Something could happen overnight that would bring lots of opportunities in equity or currency markets. Right now, the FEDs policies are not targeted to create opportunities in the market but rather to keep prices up through any...

for what?

+1. I was talking about slavery as in physical shackle slavery. As long as people are told its to protect the public, they would go with it hook, line & sinker.

very informative webinar tonight. can i get the recording? will it be on the same page? Thanks.

try to stick to a registered-firm if you're putting up capital. The ones you mentioned are fine. WTS has the lowest rates and fees in general but their customer service is horrendous (I trade there). If you're good at troubleshooting, you'll be fine with them. I've been with them for about 3...

That is the norm with every small business. Trading is not an exception. Retail Stores, Wholesalers, E-Commerce, Etc. - all small business have a 95% failure rate and it isn't just a coincidence. Taxes, regulations, fees, fines, penalties, etc. etc. - scam after scam after scam being perpetuated...

every platform does that

a calculator with print large enough to read (and no. a pc's calculator is not the same.). You should have a snack and a drink accessible so that you don't get up from watching the markets. Microphone, webcam, good set of speakers, etc.

Hafez, that isn't true. There are many different clearing situations and there is an old saying that goes "you get what you pay for". Don uses GS, who provides a lot of value as does his firm in ways professional need. WTS has dirt cheap commissions but you pay for it in other ways like poor...