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I'm not the one confused, bill. You seem to be. there are MANY n00b traders who call up firms and ask for 20:1 or 30:1 to intraday unhedged positions. It's especially been a topic on other threads where traders with $2500 or $5000 deposits want to intraday trade. 20:1 has been dubbed as...

It doesn't work that way. In reality, you need the cushion for loses and 5k in the market isn't much of a cushion. Don's strategies are also highly hedged, which you won't have the BP to do with 5k in your account. with 5k you need to stick to really low risk strategies like scalping the market...

any CBSX group will typically take you on with 5k. CBSX firms are probably your lowest cost option. You'll have to to get registered and licensed (Series 56 or series 7) which will probably cost you around 400-500 bucks.

You forgot one of the biggest costs: regulation. Registration fees, licensing fees, transaction fees by SEC, FINRA, etc.

That's a great way of putting it. Having a drink or two and watching the game at the bar can give you a great experience. Having 6 or 7 will get your head in the toilet for a couple of days.

Unfortunately, some firms offer 20:1 on 5k to try to attract traders. I'm sure there is a big pool of traders working with 20:1. I've ever seen some people ask for 40:1 or 50:1. What generally happens is the excessive leverage leads disproportional loses on the account so those accounts blow...

Yeah, 5k is not going to get you anywhere. If you're willing to use the 5k to accelerate the learning curve, being in the market is probably better than paying for a course without real experience. For n00bs to get their feet wet and not make such a big commitment, it makes sense to just put up...

why not just trade your own funds and keep all the profits if you don't like it? Prop firms are in business to make money and the economy has gone to shit so there's too much risk involved for fully-backing people you don't know. I've had great experiences with prop firms. There are A LOT of...

You can go with WTS, JC, CTG, and a bunch of others and trade from there. JC is located in Indiana from what I understand so it's close enough for them to manage the sales for WTS which is located in NY.

JC has been around for about 10 years and has a great reputation. As far as CTG, they've been around for a while too. I traded with them back in 2008 when they were based out of long island - http://capitaltradersgroup.com/website/capital-traders-group-syosset/

here's a good cheat sheet that goes along with the CBOE guide. http://capitaltradersgroup.com/website/wp-content/uploads/2011/12/Series-56-Study-Guide.pdf

check out this cheat sheet that has some good material on it about the 56: http://capitaltradersgroup.com/website/wp-content/uploads/2011/12/Series-56-Study-Guide.pdf

I totally agree, however, using leverage in that instance and going "all in" or using excessive leverage on ETFs and Stocks which are a lot more volatile than currencies. a 1% move seems a lot to forex traders, but think about using that leverage intraday on equities & etfs. I used a...

they regulate capital requirements, data requirements, etc to keep things uniform and efficient across the european countries. They regulate the banking & other types of securities as well.

wherever you are getting your information it's very wrong. Of course I traded with them. That's why I can give you an honest opinion. Of course Speedtrader is a broker-dealer. they are one of the biggest broker-dealers there are. of $69 is the difference between a red month and green...

You can only get your money back if it's insured and if it is they have 99 years to pay you back. Your money is always at risk in the market regardless of who pulls the smoke & mirrors to tell you it's safe the IFSC regulates the firms trading multiple nations' equities, commodities...

It's not as strict but that's because they deal with a basket of different exchanges in various countries. The US regulators take a very different approach. in the US, the regulations are more anti-competitive while the IFSC is more business-friendly and firm-neutral. The capital...

Let's say you bought USD/JPY and it goes up by 1% from 120.00 to 121.20. If you trade one standard $100K lot, here is how leverage would affect your return: Leverage Margin Required % Change in Account 100:1 $1,000 +100% 50:1 $2,000 +50% 33:1 $3,000 +33% 20:1 $5,000 +20% 10:1 $10,000 +10%...

Leverage is not equal to margin, as Don pointed out. I also want to point out that Don is speaking in regards to hedged strategies, where the spread is what you can lose by keeping both long & short positions. Be mindful that getting into trades long or short intraday without hedging and...