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You are correct. I have confirmed with IB helpdesk that interest will be charged for margin on futures if the cash in the relevant currency is not available. koreil90, take note. You have been paying interest on your margin all this while on your forex futures without realizing it. You can...

I really cannot wrap my head round the behavior of these rich, powerful, yet super-smart men. Mistresses are used as a sexual outlet. So, why do these smart, rich men (smarter than me) end up having mistresses who are uglier than their wives? A wife offers several advantages over mistress. She...

Why is President Trump still a billionaire despite divorcing a couple of times? Are ex Mrs Trumps billionaires too?

Does Smart Routing works best for equities but not so good for other financial instruments like options? Need to specify asset class when discussing the effectiveness of Smart Routing.

Hi koreil90, Thanks for your post. It is crystal clear now. If the forex futures enjoys a gain from day one, there will be no interest charges. If the forex futures suffers a loss from day one, there will be interest charges if there is insufficient cash in the currency of the margin...

I would like to use Interactive Brokers platform to buy forex futures. Suppose I buy forex futures AUD. The margin requirements for this futures contract is in AUD. My account does not have enough AUD cash to support this overnight margin requirement because most of my cash is in USD. Does...

What disaster did you encounter at TradeStation? The $10m in assets is a regulatory requirement for U.S citizens to trade spot forex. To work around this requirement, Americans trade forex futures. I'm not American. Correct me if I'm wrong.

What is your preference for trading forex? Spot forex or forex futures?

Which is the trading time frame that you use? Why do you choose this time frame? Which time frame do bankers usually use?

To make sure that doesn't happen, clients should check that the fund manager has a lot of his own money in his own fund. Eat his own cooking. IF the food is poisonous or badly cooked, the chef should suffer just as badly.

You work in a fund with high integrity and display fairness to clients. Is this a usual compensation practice among CTAs or are you more of an exception?

Are there hedge funds which charge zero management fees and their profits are 100% dependent on performance? This is a fairer arrangement for clients. Why should clients pay money managers when they lose our money?

Starting a firm is an entrepreneurial endeavour. Not all successful traders want or/and like to do that or even have the attributes to be a successful entrepreneur even if they want to. Maybe they love trading/investing too much to start a firm. I doubt Mr Seykota is a fake since many good...

Lessons from Principle book can be applied to other areas of life besides trading/investing. Great book.

No more updates tell us a lot about whether he's winning or losing, given that he has been providing lots of updates when he was winning in the past.

Thanks for your insights. I don't quite understand why Steve Cohen relied on the quants when he started off in tape/chart reading. He can rely on himself and I'm sure he can read the chart better than most people.

THe bull market from 2009 to 2018 can also be attributed to the algos. When market rises, algos are good. When market falls, algos are bad. So, are they good or bad?

I find it amazing that a human day trader stands a chance against the machines today. I keep my mind open. Any one knows the title of the book? I searched Google and all I find is CIS is going to publish an upcoming book. No mention about the title. EDIT: Found the translated title. "The...

Let me take a guess why Mnuchin released the statement about the plunge protection team. It is Christmas and he is trying to show that he is working on Christmas to his boss. It's a trick that all of us, normal working folks, do to impress the boss. This is particularly timely since the...

First thing this plunge protection team need to save is the plunging index futures today after the announcement. Index futures seem to agree with you this morning.