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I do some Forex trading through TOS/TDA - I have been very impressed. I pay the commission wish ensures a tight spread. TOS/TDA has a perfect regulatory record. When comparing the live quotes with Oanda they are in synch - sometimes TOS/TDA is slightly better. Last time I checked they passed...

Got a link showing Jack Schwager said Cohen was his favorite? He was always very guarded to not ever pick out a favorite wizard when cornered in interviews on that. "This is not a perfect game. I compile statistics on my traders. My best trader makes money only 63 percent of the time. Most...

I can think of some great places to mover overseas were your dollar significantly increases your purchasing power. Singapore is the opposite, you will need to be fairly wealthy to duplicate your standard of living.

Benihana said: I just don't see the point of trading forex when you can just do it through futures and know 100% it is legit and almost always have lower costs too. The trading costs are nearly identical - if you hold longer term than Fx costs less since you don't have the roll costs of...

Fx prices in the 5-digit pricing system are known as fractional prices, and the value of the last digit on these pairs is 1/10th of a pip. The extra pip is known as a fractional pip or a pippette, and provides more precise pricing of an currency pair. I believe the pippette pricing is pretty...

BRZU (Brazil 3X Bull) is down over 46% on the day.

Anyone Made 100%+ a Year Consistently With Futures Or Know Of Anyone Who Has? The best of the best futures traders of all time are closer to 50% when looking beyond 10 years. Keep in mind many traders that have a potential to make over 50% often hit 30%+ draw downs and eventually blow up...

wrbtrader said: In fact, I've seen swing traders here at ET way the reason why they're swing trading was because they weren't good with the mental game of day trading Many swing traders emerged from day trading. I switched because I simply make a lot more $ as a swing although I put on a pure...

IB is not the only broker in town. I find you get a lot of benefits by using several brokers - if you play your cards right you can trade commission free most of the time.

Everybody has losing days - when you use a good risk/trade mgmt strategy your winners should be significantly larger (3x or more) than your losing trades. Novice traders tend to focus on trying to reduce the number of losing trades. Pro traders care little about the ratio of winners/losers but...

hoffmanw said: This Japanese day trader made $150 million USD for last ten years from his bedroom according to Bloomberg news Although CIS may do mostly day trading this $150M trade was not form day trading - this was a swing trade. He layered into his short position over a period of a week...

murray turtle said: That reminds me ;daytraders/swing traders/ investors are in danger of being 12 hour/day unhealthy couch potatoes That's a real good point. I think its a good idea to setup a schedule in the trading plan to avoid slipping into bad habits of going OCD with trading. I guess...

Buffet is a tight wad - I saw a documentary on him recently - he lives like someone making $35k - POS house and car. He stops at Mc Donalds every day on his way to work and splurges if the market is up allowing himself to spend up to $3. Any clown can end up making and saving a lot of $...

Day trading can lead some people to dark places - some cook the books and end up looting family & friends investments, some go much farther, like in this crazy murder spree - doing unthinkable acts to keep day trading.

About 5% make it as day traders which is the same success rate as learning anything else that requires a great deal of time & dedication, such as: learning to play a musical instrument well, get fit, learn a foreign language, get good with an extreme sport, or launch a business. That being said...

Wintergasp said: I trade in clips of 10,000 lots. I think you made a typo there 10,000 lots. To put things into perspective the largest ES (E-mini S&P 500) trade by far of 2016 was 16,000 lots rocked the market and drew a lot of attention. The second largest trade of 2016 was 7,000 lots. Try...

Since you're not already a CTA I would think you would need to have your tax returns audited and charted to show the performance metrics by one or two national firms to be taken seriously by hedge funds - your claims put you in a leauge very few CTA's have accomplished, I would think an audit...

Tradestation has peg orders.

Every dog has their day - going back to the early days of the Internet (dial-up Modem), when I had a real stand out week up $20-50k, I always felt like making a web site to spread the word how to trade - I was sure I had it all figured out. How could I fail - I was killing it and had half a...

Most seasoned traders layer in & out of positions. When they are wrong they have on their smallest size, when they are in a winning trade right their position size will increase 2-4 times larger. This is an important aspect of risk/trade mgmt. It allows you to ring the register along the way...