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I think if you make a lotta money, you increase your trading. I think top 5% traders have problems spending money

I have a base currency of US$, 200k. Using IDEALPRO I sell us$100,00 and buy Yen. According to how I read this I have now made a currency conversion and can now wire Yen to my Yen based bank account in Japan. However, when i click View, Account, I see no Yen under Market value, but I do have an...

thanks cutten. In Australia there are margin lenders going bust and it turns out they were using traders/investors stock and cash as collateral. They look like they will lose the lot. Google Opes Prime. I would like to know if IB is using the stock and cash as collateral, in any way.

i have some doubts that SIPC was designed for covering external (to the US) traders, perhaps trading thru a subsidary of IB. This is something that may only clear itself up after a belly flop. What I expected was that stock bought would be kept in a nominee account and not available to anyone...

no answer, so i guess i am not covered. Is there a way of using IB so that I am covered? And how simple is it to have a withdrawal system to a bank, via the internet. ie so that i can do a sweep of surplus cash out of IB into a internet based bank?

I buy Australian stocks thru IB, my account is in AUD, I reside in Australia. The question is am I SIPC covered for my holdings and cash, in the event IB goes belly up.

go fishing. Trading is about money, but not necessarily about the motivation. Same as sport etc. The desire to be the best. Or, sometimes a vehicle to work yourself out i recommend beach fishing although there isn't much of of any beaches in the uk, maybe cornwall Max

thanks bunkinc.

I only have a small knowledge of the cocoa market, but it would appear to be made up the big buyers, Nestle etc and hundreds of thousands of cocoa farmers, plus of course speculators. If supply demand get out of whack, then it is feasible for a large speculator/hedge fund(s) to force the market...

yes, i have made a leap in assuming there will be demand for chocolate. I was interested that the Japanese are not great chocolate eaters. Anacdotal evidence suggests the Vietnamese are buying chocolate, maybe that's the French influence. This cocoa market, even if it is dominated by a few...

i have been long cocoa over 12 months. It hasn't been that profitable as i have tried to build up positions, only to have to reduce them. This is not a smooth uptrend. I have a number of reasons for being long, but the off beat reason was that I watched a tv program on a clinic for obese young...

sugar is making a substantial move. I don't know why. There is a global surplus. Could this be a long term trend?

gotta keep the plankton (first home buyers) alive. Not the NINJA? people but those that have enough substance to have a real possibilty of getting in a home. subsidise them.

What percentage of your capital do you risk in each trade? "how many shares I can buy at the pivot price"

as i understand it you are daytrading but waiting for the opportunity to come along. "out of my past 13 trades (4 months of trading)," So the popular image of day traders continually entering orders does not apply to you. i like it

Money for me is a marker. My family don't see it that way and will happily translate money into holidays etc. That's ok but it sometimes forces me to see my markers as something other than a marker. And this can result in hesitation. Most traders talk in terms of the support they get from their...

I lost money, made me ache and i learnt how to trade.