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Does anyone know of any brokers allowing trading in daily binary options? What I mean by this is, for example, being able to buy a daily call on the Dow Jones. THanks,

ok, sorry for any confusion here - I am not trying to sell Larry's product. Just that I do know some people that did ok from it - it IS very expensive .. and the sales techniques are not very good. I have made money using longer term trading timeframes and the people that taught me use...

You can make money in his room, but it's too expensive and very impersonal. I have been working with a few others that are less trashy on sales etc. Problem most people have, is that they are only looking very short term. If you are able to take a step back and look at your learning...

Hmm - not sure about needing $200k, it really depends on what you mean by "business". I know a couple of places where you can make a decent income based around a $15k account. It's possible to do it with less in the UK, but not so easy in the US. This is due to regulations around...

You should find a mentor dude. You need to learn the mechanics of trading as well as trying to work out when to trade. I would suggest trading demo for a while until you are ready. Best of luck.

Larry Levin is not a total hoax, although the sales tactics used by his crew are not very good. I would agree that it's better to find a mentor though. Look for one with a good trading record. It's not easy to find them, but they are out there.

Backtesting ... is very difficult as new markets can behave very differently. Again, working with very good traders - you begin to understand the characteristics of markets. Obvious question, how do you find a very good trader to work with ? Answer - look for a track record of a number...

Alot of this depends on the size of broker (or in the UK spread betting firm) you are working with. Brokers DO hunt for stops, it is in their software - and I have personally spoken to coders who have done so for certain brokers. It's only when you begin working with professional traders -...

Perhaps we can draw a distinction here. If you have mechanical (i.e. program based) trading systems, an example of which could be mt4 etc, then you can look at stops and use them within backtesting environments for the purposes of overall analysis. The problem you have, is that brokers DO...

It took time, but it helped out my own trading immensely when I started working with successful traders - and I would like to help others. Is there a thread that discusses various signal services ? I don't want to be flamed for spamming, hence my question. Thanks,

I would agree, I actually trialled them for a month or so. They claim alot of success when they predict "swing highs" etc - but actual trades they are not a very good signal provider and I lost money with them. There are a couple others I have found that work more consistently, I am not sure...