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Close enough. In my opinion, it's nice to understand the market, but making money from the opportunities in FX come not from what we are dicussing, but from coming up with a strategy that produces consistant profits. Some make money from arb, some from technical analysis, some from...

Send me an e-mail with your contact information. I'll send you some information about my firm and follow up with a call on Monday. We may be a good fit. Bob

There is a lot here, and some gets into details I might not be up on. One thing I do assume to be true, is that the liquidity provider is not concerned with you being right or wrong. They want to buy on the bid and sell on the offer ALL day. They want to take advantage of platforms trading at...

It's not like stocks, where if you buy $100K of equities with $50K in your account, that you have to borrow money for settlement on the trade. FX trading is the trading of Non-Deliverable currency swaps. You don't deliver anything, so your broker does not have to finance anything. Your making a...

I'm sorry, but I'm not really following your question. If you open an account with a broker with $10k, and trade, they are not concerned with where you make your money. Your broker is faciliting trading for you. They make their money on part of the spread you see. They make money from activity...

From your Website: page three. https://www.interactivebrokers.com/Universal/servlet/Registration.formSampleView?ad=order_routing_disclosure.html Payment for Order Flow - Options: IB receives order flow payments in varying amounts from U.S. option exchanges, specialists and/or market makers...

Your zero is in the correct place. Except your flipping back and forth between talking about shares and option contracts, which is confusing me. If I pay $1/ contract, and that is my only cost, and I buy an option for $1.03 and sell it for $1.05, I break even.

Yes, they are talking about $1-$2 per contact when your paying $0.70 per contract. You're receiving a platform for electronic execution, where your firm also gets payment for order flow. The hedge fund is receiving a suite of business advisory from their broker, that you don't require or need...

Some brokers like us provide other services to hedge funds besides execution and clearance. Because the transactional side is easier pass on the cost to investors, hedge funds prefer to pay higher transaction fees so they can pay their broker for the other services. They don't want to get...

SEC Effective on April 1, 2012, the Section 31 transaction fee rate will be set at $22.40 per million. (Right now I think it's around $18/million) http://www.sec.gov/news/press/2012/2012-35.htm. This only is charge for the sell side NSCC, DTC fee: I think 0.00020 per share TAFT:?? not sure

The liquidity providers are typically banks. But after the trade, your broker must cover all counter party risk on your behalf. If a bank fails to meet their obligation when you unwind the pair, your broker is responsible. When you enter into these swaps, you don't actually swap the currency...

Go to page 22. 2% margin is the min on the most liquid pairs. I don't see any exception for different banks. http://www.nfa.futures.org/NFA-compliance/publication-library/forex-regulatory-guide.pdf

I believe 50:1 in the US is max leverage. Who in the US offers more?

If you need free and don't mind a delay, try http://www.barchart.com/

You can try: http://www.barchart.com/stocks/marketoverview or http://finviz.com/bubbles/bubbles.ashx?t=full&st=hilo

I agree with you that family comes first and trading is not for everyone. I'm sorry your experience was so difficult and that you did not realize it was not for you at an earlier stage. For some, trading is a great business. Not only did I do well for 25 years, but trading for myself enabled...

Which firm? If a prop firm is self clearing, they can have larger margins if they are big enough to pay for the infrastructure. Sometimes, they outsource some functions like stock loan if they can't handle it. Remember, as a member of a broker dealer, you're not protected by SIPC. If your...

You can download the list here: http://www.nasdaq.com/screening/company-list.aspx

Which exchange are you routing to? Are your orders single orders or spreads?

When a MM is monitoring a basket of option names, they will watch individual deltas, total delta (Some watch dollar delta, so AAPL delta is given more weight than GE deltas) Individual Vega and total Vega, and Individual Theta and total theta. Some traders will have a bias. Some won't. If I like...