Swifttrade Interview

Quote from shiko2000:


One more thing I like more about Forex is that Forex is generally a pure market and cannot be manipulated unlike stocks.
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LOL! This is really funny cause you're actually serious.
 
Quote from Hydroblunt:

LOL! This is really funny cause you're actually serious.
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What do you mean banks don't always act in the best interest of the long term investor; and they actually manipulate the market???

I refuse to believe such things...


:D
 
Quote from mysthars:

I have to disagree with you about that $500 fee....
Even if I preffered not to pay for the course and for the opportunity to learn day trading and to trade at Swift, I think it's OK if they are asking those money because:

- not everybody who take that course is or it's gonna be a trader. Even if it's not rocket science it's not suitable for everyone. Everybody is trying to become a trader or to do good trades on firms money. Maybe somebody is even so undisciplined that he not respects that cutting losses rule, so he lose more firms money. I assume that if you'll gonna hit the limit of those $500 fee, you'll be out or something. Maybe some of them will not gonna be good traders never

- it is a huge opportunity to learn how to trade without taking some special training, or acreditation, which costs a lot more and involve longer time-period of study, and you may pass or not, you may become good or not, you may find a job or not, and so on

- any piece of information costs, any training costs...

In the end it's all about personal choice, if you want to take the course and if you think that's woth it for you than you'll pay the fee.
In the end it's all about personal abilities,about everybody's capability to succeed in something or not; if you'll gonna learn something and if you'll become better in trading, if this is what you wanna do, than $500 fee it's a really bad and stupid reason not to try it.
For me, trading is what I wanna do, I want to become a very succesful trader, and I'm sure that I'm gonna be, and I was very happy when I found out about Swift Trade, I was disappointed when I heard about the fee, I've read all the treads about the firm on this site, positive and negative opinions, and in the end I choose to go for it and see how I'm gonna do it. I found that is the easiest and the fastest way to learn and to trade.
Of course that I know about CSI and the trading course which can give you a chance to search for a trader job, but it's much more expensive and takes much more time. I wanna do those courses too, but for now I go on this path, even if it's kind of hard for me (i am a new immigrant, I live at 50 km away from the office, and I can continue....).

That is all for now, again I want to appologise for my bad English.

I wish you all good luck!!!
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Hi Can you explain your experience with swift trade.
I went to Richmondhill branch and they told me that with my experience I can bypass $500 trading and can pay 3x of my stop loss as a deposit and .15c per 100 share commission and 70% profit to trade in any market with their fund.
I am thinking to consider.
I am also looking for St. Clair or any toronto branch address and phone number. Can anyone help.
 
Quote from choud2403:

Hi Can you explain your experience with swift trade.
I went to Richmondhill branch and they told me that with my experience I can bypass $500 trading and can pay 3x of my stop loss as a deposit and .15c per 100 share commission and 70% profit to trade in any market with their fund.
I am thinking to consider.
I am also looking for St. Clair or any toronto branch address and phone number. Can anyone help.
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head office is located at M4V2Y7 9th floor [use google maps... ;)]
 
Quote from kongkaka:

if you could afford to pay deposit, there are a few less-known prop firms running in toronto which offer higher profit split ratio, e.g. 80% or higher, but at a higher commission rate, e.g. 0.5-1.5/1000 shrs. as far as i heard, they require minimum $2000 deposit to cover your possible loss.
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Do you have any info or address or phone number for those type of firm?
I am thinking to try Day Trading if that works for me.
Are u involve with any of those?
 
Hello everybody!

Have not been here for months:)
My Forex trading going really well. Getting better and better. Hope to get clients capital in the nearest future to start my Forex career.
Plus I have been accepted to Title trading. Payout 50%, looks like a really good place for me to start career in equities.
 
Quote from shiko2000:

Hi Gateful,

Here is my record for approximately half an hour of trading today. I am still trading.
you choosed one trade when I still used manual take profity., that was slippage. I am on auto take profit now.

trade Summary
Date Event Volume Curr Pair Price P&L P&L USD Commission
7/31/2008 5:15:28 PM Buy 1000 EUR/CHF $1.6336 $0.38 $0.38 ($0.08)
7/31/2008 8:37:20 PM SellSht 1000 EUR/CHF $1.6332 $0.00 $0.00 ($0.08)
8/1/2008 2:22:23 AM Buy 1000 EUR/CHF $1.6328 $0.38 $0.38 ($0.08)
8/1/2008 8:10:49 AM Buy 1000 EUR/JPY $167.4500 $0.00 $0.00 ($0.08)
8/1/2008 8:15:48 AM Buy 1000 EUR/JPY $167.3200 $0.00 $0.00 ($0.08)
8/1/2008 8:16:30 AM Buy 1000 EUR/JPY $167.2600 $0.00 $0.00 ($0.08)
8/1/2008 8:21:07 AM SellSht 3000 EUR/JPY $167.3900 $1.30 $1.30 ($0.23)
8/1/2008 8:21:15 AM Buy 1000 EUR/JPY $167.4200 $0.00 $0.00 ($0.08)
8/1/2008 8:29:06 AM Sell 1000 EUR/JPY $167.4800 $0.56 $0.56 ($0.08)
8/1/2008 8:29:24 AM Buy 1000 EUR/JPY $167.4300 $0.00 $0.00 ($0.08)
8/1/2008 8:29:41 AM Sell 1000 EUR/JPY $167.4300 $0.00 $0.00 ($0.08)
8/1/2008 8:32:06 AM Buy 1000 EUR/JPY $167.3600 $0.00 $0.00 ($0.08)
8/1/2008 8:36:39 AM Buy 2000 EUR/JPY $167.1800 $0.00 $0.00 ($0.16)
8/1/2008 8:41:53 AM Buy 1000 EUR/JPY $167.0700 $0.00 $0.00 ($0.08)
8/1/2008 8:50:58 AM Sell 4000 EUR/JPY $167.2500 $1.95 $1.95 ($0.31)
8/1/2008 8:51:20 AM Buy 1000 EUR/JPY $167.3000 $0.00 $0.00 ($0.08)
16 trades 22000 $4.58 ($1.74)

how doe sit look?:)
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hi, do you mind upload a snapshot for better view ?

little confused on "$0.38 $0.38 ($0.08)" why there is two "$0.38 " ??

who is the fx broker ? as there is commission fee 0.08 per 1000 usd , think it's an ECN , do you have spreads statistics?
 
Looks good:) Looks like you are with MB trading. Familiar commissions...What is your capital and how big is your opened position?
 
Positions averaging however is a very risky thing,....... If market goes against you and you keep buying to average your position you can get into very deep waters. I did. I averaged position the moment when in August 6-7 JPY dropped I do not remember , probably 100-200 hundred pips in few minutes. and then few more hundred pips within day or two. That was my last trade with MB trading:)
I am with Oanda now and it is a way better.
 
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