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4-5 years sounds about right.... that is if you are dedicating 190% of your time to this. I mean this: You are not going to accomplish anything by going at this half a**. If you just started and are already frustrated, man, I would say hang up the boots and stick to the 9-5. This is like...

I'm right there with you muscle....

MIchael, When I left, this was an option (RIA). YOu take your book. Keep more of the pay ( usually 70-90%), clear with a larger institution catering to this type of structure and continue to manage your client's assets. Usually you agree upon per annum a fee with your clients of approx. 1%...

It never fails...!.... I was wondering how long it was gonna take until some college chick with access to a computer would come on and put her two cents in with an unproductive comment..... typical.....

Trading while at work, for the last 4 trading on own during 2007. alot of idle time, no? It seems I have to find things to do nowadays. My time is spent 1/3 looking for setups, 1/3 waiting for the setups to actually set up and then 1/3 waiting to get out once I am in. 1% is actually spent...

I hear ya... Brown you trade for a living now? How long into it?

I think it has more to do with "Not knowing what the hell is going on" Than a deliberate intent to screw over the clients. I learned my lesson back in 2004 when they were calling for EUR/USD at 1.50. They would come around the offices with the FX "expert" at that time and answer all your...

agreed....

could'nt have said it better myself.... Client's tend to be sticky to the broker, especially if you made money for them in addition to getting to know their family, visiting their second home on the weekends, etc. being chummy... The business is actually quite nice if you are into the...

I agree with your outlook completely. I think you are a tad early though. I will wait for levels between 11,000 - 12,000. MTU is an excellent way to play Japan also. Cheers and good luck.

Usually come around this place to check out what it is people are talking about. Don't usually post but could not help notice your request for advice.... I was in your exact same shoes about 4 years ago... International Financial Advisor, all the bells and whistles (licenses) with a top...

I think you were trying to say "Huevos Banqueros....."

Oops.. pressed submit by mistake.. . How about placing the funds with a large wire house and investing these funds in some sort of asset allocation in short term Bonds, a strategy where your client will be assured 5% on her money. You can even get sexy and ladder the portfolio if you wish...

Pal face it, most people you ask will tell you that the Oanda platform is really one of the better alternatives out there for the retailers. Football game mentality or not. Unless of coarse you are one of those "Trade off the news for a quick 5 pips" people (who by the way have this whole...

How about..... - Customer Service is actually polite, - Spreads are reasonable, - Very, very few problems with slippage, - Never had my stops hunted, - System has rarely failed while trading, - The only system pricing error I encountered was corrected in a timely fashion, -...

Inferiority complex to bankers???? Having been "Banker" I can attest to the fact that most in the industry are pure salesmen living off of commissions. 90% would starve if forced to make a living off performance fees alone. No inferiority complex here.... Many who have made the move will...

They widen out significantly. 10-15 sounds about right. Nevertheless, this is not a problem for me as my holds are longer than scalp time. Scalping the news IMO is not a game you and I can play and win consistently, less so through Oanda. I will either be in before the news or right...

THanks all. As I don't think an MSF and even less so an MBA will alter the way I manage my book, I was initially wondering if it had enhanced any of your lives, personally.... and how. Great responses from both sides. I will look into it and debate it. I have two little girls a wife and...

They knew something we didn't...