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It's actually quite simple. The bank is REQUIRED by the government to charge you the two points annualized if you insist on keeping Francs in a Swiss deposit institution. They don't want people to continue to push their currency higher so they make it very profitable for people to use the...

Because my partner and I were running a small investment firm -- we had payroll, rent, expenses and a clearing arrangemnt. Can't run to the bank to pay for positions in cash on settlement day. An annualized two points ammounted to quite a small sum in the scheme of things ... probably no...

Frank ... I obviously agree that Peter and Paul have been robbing each other for a long, long time. And those who charaxterize the bubble on top of bubble as a vast Ponzi scheme are also correct. Yet I part company with the many observers who believe that any of these techniques are new or...

As ProfitTakgFool has so correctly pointed out clearing firms survived the '29 crash precisely because they upped margin requirments on spec positions. In those days it is my understanding that one of the posts on the NYSE floor was actually an overnight money post. It is worth noting that...

demoship ... You joke about bills potentially trading at par but I actually remember when the Swiss Franc was "too strong" in the 70's and demand deposits inside Switzerland carried a -2% rate. When our bank in Zurich explained we'd actually have to pay the negative two points...

You don't have any substantial expenses to write off. Keep it simple for now and forget about C Corps, S Corps, Limited partnerships or LLC's. Just trade and keep getting better. When you are larger and prepared to take the time to learn the business end ... you will. You;kk hire an...

scorpion ... I agree that we should encourage other traders to employ their own style ... no matter how unconventional. But when that style is "kamakazie" in nature we should point it out so the individuale has the opportunity to rethink it. Once someone comes here and lays out their...

fxintruder ... Having owned small investment banking operations in the 70's in NY, London and Lugano Switzerland I understand how the FOREX market works, Intrudee; but what I don't understand is how traders are willing to leave ten's of thousands of dollars on deposit with small...

fxintruder ... I'm always curious as to whether FOREX traders are concerned with counterparty risk. Obviously some of the major names have solid balance sheets but many don't. I, for one, take great comfort in having a clearing house guarantee futures trades.

If you recall when Citibank went to the window months ago JP Morgan, although they didn't need the facility, went as well. For the past decade or more the discount window has had a stigma attached to it it (although for many decades prior to that the stigma was minimal) and rather than have...

You are currect, ProfitTakgFool. It is 15 if you stick to futures but since I wasn't 100% sure my information was up to date I felt it best not to opine. I get a sense that many -- obviously not you -- are very hesitant to manage funds for others. I think it is important for professionals...

Whether you go on to trading 100 lots or blow up the account is irrelevant. Assuming you want to trade proffesionally it is incumbent upon you to do ALL things trading related in a reasonable fashion. No general fights any unforced battle with insufficient resources. Give your new found...

Years ago I was in the Caribbean before they had reliable phone service from some of the islands. There was a risk arb trader driving himself crazy because he couldn't keep in constant touch with his office. Make a real effort to leave it behind when you are on vacation. Even if you trade...

You should, as others have said, use your past trades as your guide. If you are afraid to take even a small loss on a trade you should consider that you may be overtrading your account. When you trade at a size that fits your capital it allows you to trade whatever market and conditions...

22andrich ... Rather than dive into the deep water (form a limited partnership, comingle funds etc.) taking a smaller interim step will probably be better. Here's how many others have structured a trail period. Since you are dealing with friends and family why don't you...