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As I stated earlier in the past when I was looking at opening an IB I looked at Refco, I did not go with them. Later as I was starting to manage client accounts in the futures market I dealt with a number of people at Refco and I found them all to be above board, honest, hard working and with a...

Back when I took my Series 3 exam the FX stuff was not a big deal, I do not recall any questions on the test about it so I do not know for sure. I would strongly doubt though that the Exchange Clearing Corp would want to back up stuff that is on an FX only account seeing as how they have never...

Is it harder to nail the Penthouse Pet of the month or the girl gracing the cover of Vogue? Both are probalby beyond me, but each woman probably requires a different approach, but equal skill. Same with scalping vs other types of trading. Trading is trading, the skill sets in one type vs another...

This is not something I would worry about. Banks have very little to do with the margin FCMs extend to clients. When you buy a futures contract it is simply a performance bond given to the Exchange Clearing Corp. Banks have nothing at all to do with this.

You are taking my quote out of context. Your funds will be 100% safe and you will get your money back. However, it would likely take some time, probably several months.

Do what you want, I could care less. I am only giving my opinion and it is this: If I had money with Refco I would lose a few days in the market to transfer it to another FCM who is not in the situation refco is in. When and If Refco's situation resolves favorably move it back and nothing is...

Then do so, you are not taking into account your risk very well though IMHO. IF refco is shut down, or goes under due to this out and out fraud, its possible that it would be some time before you saw your money. As members of the Exchange Clearing Corp they have good backing and you should not...

well until a few days ago you wouldnt have been a fool for trusting them.

You would get your money back. They are members of the Exchange Clearing Corp, and all of the other FCMs would have to back them up on the losses. However, it could take some time, months even. If I had an account there I would be moving it because of the potential of having the money tied up...

Every single FCM is exposed to Refco since they own shares of the Exchange Clearing Corp. Brandon

Not only SHOULD RFX be sued, but so should the firms who brought them public. Their DD should have discovered this as well, but this is just another example that Wall Street does not give a shit about the client, only their own short term objectives.

I dont know if they have much integrity actually. A few years ago Toni and I where looking into starting an EMini B/D which we ended up deciding against. In any case Refco was obviously one of the companies we talked too about being our FCM, but we also have a number of friends that have been in...

http://www.position4profit.com/videos/oct10.html Brandon

I have never had this happen before, but every time I sit down and seriously think about putting on a trade my stomach hurts like hell. This has been going on since last wednesday. I have over the last 9 weeks had a 29% run up on my account and it has been like everything I did turned to gold...

I think its a great time to buy their bonds. The 2 year has a crazy yield and I dont think GM is going to go under. Ford yes, GM no. I have a client who has handled a lot of the big Detroit bankruptcy filings, most recently Federal Mogul and I was asking him about it alot this weekend. He does...

I know a lot of the managment guys there and they have always struck me as very honest, ethical and upfront people. I know a lot of guys who have had 10 + year relationships with them who are very happy. That said there have been a number of people here on ET who have worked for them and left...

I have been short for a bit and unfortunatly started covering most of them yesterday, finished them all up this morning. I was thinking about buying some of the names that are holding up and breaking out, GES, TOO etc but as I go into all the free chatrooms and message boards everyone is...

I have been short November Crude since $70 per barrel. I just covered 2/3 of it today. Will see what happens with the rest. Brandon

We did a number of things. I have a relaxation link up at www.position4profit.com/videos/relax.html that was the primary thing I used for my headaches and we also used for my trading. Brandon

You might be suprised what you focus on and what you can acomplish. There was a time that the 3 minute mile was known to be impossible, but one man broke it and since hundreds have. Brandon