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Here's a chart of how much your account balance changes if prices moves depending on your leverage. I put this together for someone I am training. I'm trying to point out the dangers of leverage. More leverage means more risk, not more profits. It provides more opportunity for profits, but...

A lot of firms offer web platforms. Speedtrader does a few billion in volume a month and their platform is web-based. They charge $50 for the platform but $40 for each level-2 platform. A lot of firms will push level 1 data on n00bs because it's cheaper and they can pitch "our software fees are...

Mike Di Gioia has been training for a while. I sat it on one of his classes a few years ago and thought he did a very good job. I recommend you check him out. I'm not sure OGTrader has much experience. that statement is pretty naive that these "a group among scams". He's probably a shill for...

those groups don't sell training to non-members. I'm starting to believe you're a shill for a competitor that came on here to badmouth the bigger competitors. You should try theseries56.com. Mike Di Gioia runs it and I think he charged $200 for the online course. STC has videos too for...

Let me give you my perspective, take it with a grain of salt though because it sounds like you may be a bit confused about prop firms. 1) data generally runs 250-400 at most firms. Looks like if I got it right sterling is 49+69+99 = $220? That's about the average cost. If you buy cheap, you...

It takes about 2 weeks generally if you have a series 7 because you have to do fingerprinting & clear finra. The firms have to u4 you and follow AML procedures and all the compliance stuff. You also have to fill out the class b-membership paperwork and the u4 yourself and get fingerprinted...

+1 on what hitnrun said

the passperfect guide is the best preparation. The CBOE guide is more concise but does not explain the concepts as thoroughly. You may want to just pay a few hundred bucks to take a class and get it out of the way.

is this a joke? lol

$1000-$10,000 is not a lot to pay for a skill that can generate revenue for you. Especially if you're learning a strategy that you can actually apply. On other hand, all the "core" classes I took at NYU for $4500 a pop, were worthless.

You should only trade with RISK CAPITAL. that is, money you are willing to lose. It sounds like in your situation, you need some type of financial stability. DO NOT RELY ON TRADING FOR FINANCIAL SUPPORT IF YOU DO NOT ALREADY MAKE A LIVING OFF IT. Even if you do make a living off it, it's a bad...

Don definitely has good quality traders. By what he offers, you can tell his business targets professionals who make their living off trading or supplement other income. A lot of traders (myself included) also run other businesses on the side. A lot of firms have good traders. I know a few...

what ever happened to learning by doing? you don't need to network or go to an MBA program. trading is about making independent choices and taking risks. It's an independent skill. An MBA (I actually have one from a top 5 b-school and don't think it was worth the 100k). You should learn by...

forget the first 3. #4, #5, #6 is your best bet.

hitnrun, I can also vouch that I know multiple 6 low to mid 6 figures and a few 7 figure traders. there are also a few independent brokers that have their customers accounts through the SIPC insured FINRA broker-dealer of WTS. I know at least a dozen 6 & 7 figure independent investors /...

Thanks guys for international groups I like Winterflood securities, IBWorldwide, TM Global, VTrader and there are others in the UK and other parts of Europe. Most offer a lot more products than just US equities. In fact, US equities are usually one of the many markets the overseas firms...

it will cost you 10-20k for a good education program. Some companies offer some free training for members like Bright, Capital Traders Group, and a few others that you can find if you read through the forums. the mistake most n00bs make is they think giving a firm a $5000 capital deposit...

I'm not sure if the CBSX firms are published on SEC site. they should be though.

I got that figure from another thread from someone with t3 paying that rate with them now, in 2012. He said it was a deposit, not a training fee but the fee is .012 per share

$12 per 1k is a rip off. I think that's double the highest price I've ever seen lol