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It's good that they are easing up on that. I personally have felt for years that licensing exams are just schemes to steal a few bucks out of people's pockets. It's like that for every type of business and it just gets worse and worse. Fortunately, traders for private funds don't need licensing...

It's doubtful anyone will be able to recoup their money unless it is a large sum and they are willing to entertain and fund a long international legal battle. There isn't much headroom in those agreements to do that anyway. I feel bad for those who lost their capital but that is the risk you...

It's tougher on the west coast, generally speaking, because NYSE and others open based on EST which means the shop would have to be open from around 5:00 AM and the market would close at 1:00PM. It's gonna be hard to find any prop firm out there.

The good news it's not you. It's the system that discourages free-thinking and using real-life examples. Our whole education system is worthless but you will need some type of academic record for something to fall back during these economic times. The professors are likely liberal know-it-alls...

Your best bet is a place like Nevis. They are not registered firms but they have been around for a while. Do not join a firm that opened recently as many have opened and closed and not returned traders funds. Your best bet as a beginner is probably an education program which backs you upon...

I could never have said this better myself. It goes to show you the age old mentality still rings true - "those who do not understand history are doomed to repeat it"

go to youtube. MIT and others have full length courses for free. Those courses would cost $5k a pop and you can watch em for free. http://ocw.mit.edu/index.htm

Because the media has glorified banks in order to keep their psychological hold of today's youth and breed them to accept banks being institutions in size that you and myself never would have dreamed of as a kid. Manufacturing in the U.S. is also a joke. Government is corrupt. Large...

Discretionary trading (you trading your own style and choosing your own trades) is available two ways: A. leverage B. A successful track record to convince others to give you money to trade. Companies like market makers and others that pay a salary use that trader to complete a function or...

relatively new company clearing through Nonko Trading who has only been around since the beginning of this year. They are unregistered which means you can't get the same protections as US customers do such as regulatory oversight. It is risky but that's one of your choices. I would also...

that sucks. how long is the wait till the 3rd time around/

IB should work fine with ninjatrader as long as you are competent enough to run and maintain the system.

stick to the pass perfect. take CBOE's online class if you need extra help. Stay away from 3rd party manuals. Typically, hey just hire inidians to reword the original and it usually doesn't end well.

LOL. You would think that a hedge fund would make someone sign all the non-disclosure and non-competes before the guy walks in and steals all the information. Was this dude brought in from some other company? If so, hat is on Quad for not knowing the person's background. Unfortunately, that's...

No. because licensing is a business and the more licenses and more complex it is, the more regulators can earn and the more fines they can hang out. Regulatory corporations like FINRA are for-profit businesses just like you are 8-)

check out this nimwit - http://money.cnn.com/video/investing/2013/08/12/investing-former-high-speed-trader-secrets-hft.cnnmoney/index.html Yes, quote stuffing exists but so does insider trading. Those things will not ever cease to exist simply because of penalties or regulations. this guy...

the 56 is only for CBOE firms. I don't think Don can register you for that.

Maverick is 100% right on this. I think HFTs provide more value to the market than they remove. Especially since we keep hearing the BS that grandpa's 300 shares of IBM that he's held since 1988 is somehow at big risk because of high-frequency traders. HFTs are a zero-sum game. There are winners...

You gotta find somewhere local with someone willing to take you under their wing. CBOE firms are regulated up the wazoo, so the general rule of thumb is the bigger and longer they've been around, the better. Just remember, any funds you deposit with a CBOE firm is gonna be locked up for 1 year...

Dude, just call them up and ask.