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That's the issue right there: There's such a low barrier to entry with FX (minimal start-up capital needed given the leverage), combined with spot being an OTC market that isn't as easily regulated, and topping it off with many brokers trying to pitch forex trading as "easy" to scoop up more...

Why do you guys waste your time talking about a shitty show that has absolutely no relevance on your trading? I mean, Emg brought it up, doesn't that tell you something?

Sounds like you're just running a shared office space, or office coop.. so I wouldn't think so. Of course that changes the moment you handle execution, and such, for people in the office.

If you're going to be a "prop firm", and structured as a partnership, not a broker-dealer, then no registration is required in the US. One advantage of managing your own prop would be choosing how you allocate capital. If you don't have any viable strategies to work with then why risk? I...

It is swift. They branded the technology / connectivity business as Orbixa, and rebranded their branch franchise business as DayTradeTheWorld. They were never shut down by the SEC despite what some people think. -- Also, laughs at the TOS charting they are using on half the screens...

Oh, if that's the case, I misread. My bad. I'd suggest you try out MyFXBook to capture/publish your demo trading, it does a great job at account analytics and we could follow your stats more closely.

It's not just that he's demo trading, he's running an EA that only works by exploiting bad quality (slow) broker quote feeds, so it simply won't work on a live account on any decent broker. It's just latency arb. Most brokers with shitty feeds that execute this strategy live will just close...

This.

An investor on ETrade isn't going to do anything like this, heck, I'd be surprised if their "active" traders even know midpoints exist. In most cases, it's better for retailers to hit up their broker's smart router anyway, some even help them reduce their fees overall and they can't get filled...

How do you figure you get short changed? If you see midpoints going off on one ECN's T&S for half a penny better than you were willing to execute on, and you hit a different ECN up, you only short changed yourself. Or, if you hit that same ECN that was printing midpoints and got filled at the...

Maybe his girlfriend/wife's father is the floor manager and he actually sucks at what he does?

Yeah, I was caught off guard when I read that in the Globe this morning. We're losing a great central banker to the Brits, but in his shoes it's a great opportunity and he has the right attitude to take it up (not for the fame, but the challenge.) With an economy like the UK's right now...

Err.. don't lump me in with everyone else, I didn't use the word "retail" at all in the post of mine you quoted. I didn't read everyone else's posts that were bickering with you, I just responded to one aspect of a post you made. Just to be clear. I understand what you're saying though, and I...

Most commercial EAs are written for MT4.

This is the part I like most about it. The mixture of trading products. If you have a viable strategy that works well, and can execute said strategy quite passively (few hours a week at most.) Then the extra juice managing money on the side is nice. I don't see this as a program someone...

http://fxtrade.oanda.ca/analysis/economic-indicators/

You sure? They used to use tape with punched holes in it to load programs and processes back then too... Is there more info on this pic? A source?

On Chrome now; no problems at all. Nor have I noticed any issues lately.

This was my concern as well. I PM'd Mike and talked a bit about it. He gave a very direct response that made sense for the service they offer, but in the end they must have a trading history to analyse. So for me, it sounds like an option for my manual style of trading, but not the automated...

Very interesting.. so MT4 by any broker or will you be working with broker partners? Actually, I have a lot of ideas around this, I'll PM you.