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Yes, prop firms are required by the SEC to have licensed traders. Yes, it probably is stupid. Sorosisgod, the test doesn't teach you didley about fundamental analysis. Its almost completely about gov't regs, options and bonds. Half the traders (at least) don't even remember most of what's on...

The test is primarily about options, bonds and government regulations. Useless for trading.

I know there are firms that charge only 2.5/share (such as Echo), but that is given here as a typical charge. In fact, 2.5/share is about as good as it gets. Most firms charge anywhere from a little more to much, much more. As far as the risk the bullet companies take on, I think that is why...

Series 7 has nothing worthwhile to do with actually trading. If you're not gonna go prop, then you have no reason to take the test. And you can't take it without being sponsored, as you seem to be aware.

Babk, I mentioned that the US had more exposure to Brazil, not to mention Brazil has the biggest economy in Latin America (and hence the biggest potential spill over effect). However, Brazil also had sound economic policies in recent years, while Argentina has long slowly dug the hole that it...

What does any of this have to do with the suggestion the US will use its military to crush nations that don't pay us back our loans?

Hey Bryan, thanks for pointing out that I had a typo with a letter of a word. That makes your points so much more valid. While I am in fact a good speller (but not perfect, and certainly not immune to a "typo" when I "type"), spelling (and vocabulary for that matter) has nothing to do with logic...

By the way Roberts, while IMF policies may certainly be brought into question, the suggestion that chaos follows the IMF everywhere is a rediculous cause and effect conclusion. That's like asking, "Why does a brain surgeon have so many patients that die?" Obviously, much of the IMF's job is to...

Roberts, where do you get this crap. First of all, we have forgiven most Latin American debt over the years (and we have given billions away as aid). Secondly, when have we used our military to "crush" nations that don't pay us back our loans? Do you really follow the news and world events, or...

The media has been reporting about Argentina's problems for at least a couple years. However, the US and the IMF for the most part decided not to get involved because Argentina's woes are due to its reckless policies, and putting more money into propping up bad policies is just throwing money...

Series 7 is not hard, it is just a helluva lot of memorization.

I don't know about bankruptcy, but I know licensed traders who have very bad credit! I do not believe that bad credit, especially absent bankruptcy, would prevent you from getting your license.

I'm glad Blackwood is filing for Chap. 11. Those shady assholes in NY were arrogant and assnine!

The standard deal now IS as I said it was. I know of the guy in Boca, and I doubt he uses ET. I had thought that Eugene was teh best in Boca, but now I'm hearing that this guy is better.

At Worldco, a trader gets nothing until he or she has built up a capital account of $4,000. Then, up to 22.5% goes to a deferred account-an account you won't receive for 13 months (and will never receive if you leave- and the rest (50%-deferred account) goes into the capital account until a...

Sometimes I try to use NX though, but someone else beats me barely or someone else has NXed it within 30 seconds from my firm (which means no one else can for 30 seconds), and I miss out completely. Meanwhile, the person next to me who bought market is filled (maybe at that price, maybe 5 or 10...

It seems to vary considerably, month by month or so, the impact the time of day has on trading styles and opportunities. Sometimes, only the first hour and last half hour are good. Other periods, the first two hours and last 2 or 2 1/2 hours are good. Lately, whole days have been pretty...

T-1 is around $500. DSL/Cable is about $30 or so. For your purposes, T-1 is probably not worth it. It is more for networks, like a company (small or large) that has numerous computers working at once.

I'm embarrassed that I made several grammatical errors. I should proof read, but I am too lazy.

I am still at Worldco. There are many reasons why "winners" (which, defined as the people who can make a great deal of money and relatively quickly, I am not one) make it. Of course, the following, while the core truth of successful trading, are necessarily general and have been covered through...