Elkart's Posts - Page 7

As Account Manager, Do you Allow Account Holder To Place Trades? in Experienced Traders Sep 20, 2010 at 12:52

No. Because he'll hold you responsible if he cocks up. You're the MM right? So is it an expectation that you correct his mistakes? Deal breaker. Walk away. Could well be financially better for you long term.

Any suggestions on broker and platform I should use for multi-million PAMM? in Experienced Traders Sep 19, 2010 at 14:31

Put it this way, anyone who can hand over that kind of dosh has an army of lawyers on retainer. Better make damn sure your house is in order.

Any suggestions on broker and platform I should use for multi-million PAMM? in Experienced Traders Sep 19, 2010 at 14:17

No yet, but I have been looking at them with one eye. But a couple of clients like Protec is suggestion you have to go pro and that's going to cost. Your average little retail broker just wont cut it. Have to go with someone big and reputable.Platform and those kind of things become irrelevant. At that levels it's about safety of funds, insurance, instruments, legal side and so on, whole different ball game.

Any suggestions on broker and platform I should use for multi-million PAMM? in Experienced Traders Sep 19, 2010 at 09:19

http://www.bloomberg.com/professional/foreign_exchange/"Whether you’re buy-side or sell-side, your trades are completely commission free on Bloomberg. Trade in spot, forwards, NDFs, options or deposits easily, with our powerful foreign exchange tools. And you can find liquidity in any currency pair or tenor, with access to over 120 global and regional providers. It’s a unique value proposition that works."

Any suggestions on broker and platform I should use for multi-million PAMM? in Experienced Traders Sep 19, 2010 at 09:16

Bloomberg. Interactive brokers. Maybe, just maybe Oanda. If you're starting out O, but then you'll have to ask clients to move later most probably.Bloomberg be my first choice. Wouldn't mess around with retail fx brokers at that level really.

system3 in Trading Systems Sep 19, 2010 at 08:53

Lets just time stamp this thing. 19th Sept today. Seeing that you're rubbing my nose in your greatness. So now you can delete the system but not the discussion.Right now 3 days old. I give it another 2 weeks or so before you see your posterior. The account is very obviously hopelessly over exposed. Forex 101 - keep it small. In all these stats there's only one figure that counts. Hint: It's not the gain.

Mac in Programming Sep 19, 2010 at 06:56

Just in case you didn't know, all Macs have Intel chips now. They can use any operating system. Only differences are software really and they use SSD drives, basically flash drives as main drives. More reliable, see...no moving parts, more battery life. Better for the trader is case of power outage. Less likely to lose valuable tick data.But as a "network engineer" you knew that didn't you? Surely in the daily routine of "networking" you'd have to have dealt with one by now?! Nope....? Makes me wonder...And which mobile did O go for first....?!

Mac in Programming Sep 19, 2010 at 06:48

Plenty of people trade on Macs. Everyone that can afford them basically. Half my buds have them, it's the better machine.And you're going to look like real chop when you delete system 3 next week. How's systems 1 & 2 doing and systems 4 to 100?

Mac in Programming Sep 19, 2010 at 05:51

We had this conversation last year. Just before that particular account wiped out. I think the performance then was roughly the same as well. I'll be surprised this one makes a week. Same as last year. Mac Zero, were talking about Mac's.

Mac in Programming Sep 18, 2010 at 19:08

Mac is more than capable of running everything he needs. Just needs to load one piece of software. Might even be loaded already. It's no biggy. It's in fact the better option, it's two machines at the same time. Zero, did you see the question was "what can I do with my Mac" as apposed to " what do I need to make metatrader work" ?The correct answer is the Mac can do anything a PC and a Mac can do. Of course a PC can only do what a PC can do.

Mac in Programming Sep 18, 2010 at 18:25

http://www.apple.com/macosx/compatibility/" Setup is simple and safe for your Mac files. After you’ve completed the installation, you can boot up your Mac using either Mac OS X or Windows. (That’s why it’s called Boot Camp.) Or if you want to run Windows and Mac applications at the same time — without rebooting — you can install Windows using VMware or Parallels software.* "

Mac in Programming Sep 18, 2010 at 18:13

All the modern Macs can run dual operating systems. I've been aiming for a Mac for a long time, but my laptops keep blowing up, so not going to spend the dough till I travel a bit less. I think they bend in my bag or something. But I did look into the trading vs Mac quite a bit and it's more than workable.So for me I get things I can throw away every six months without flinching. Might be worth getting a dedicated little netbook for trading. I did have a tabled PC though some time ago and the combination with O is a dream, trade by touch! I suspect that Apple tablet and O be an awesome...

My Forex experience in General Sep 17, 2010 at 07:35

Few around here. Sure they'll pop out of the wood work soon enough. I've met a few guys through the years who are really, really good at this. But that's after years. You approach seems good though, so welcome to a life of masochism...!!

My Forex experience in General Sep 17, 2010 at 07:12

K, be aware of the stats though.Only about 10% of those who try will be profitable and only about 10% of those will actually make a living out of it, so 1% of everyone who tries makes it.It's not easy money, it's a long hard slog. Only reason I kept going is because I'm hopelessly addicted to it. My poison of choice. But many lives have been ruined by it, same as a casino ruins lives.

My Forex experience in General Sep 17, 2010 at 06:06

Hope you don't think this is going to easy or quick. I did about 6 years ago....man was I wrong.

Why not trade your own money? in New Traders Sep 16, 2010 at 10:06

$20 not going to pay your bills? Scale down big spender!! Move to India. Of course your right. If he can do 20% to 40% consistently have to risk a bit more to get going.

Why not trade your own money? in New Traders Sep 16, 2010 at 09:39

Well, 20% a month compounded is 1000% a year. So....100100010 000100 0001 000 0005 years. With only 100 I'd take clients. Bigger you get that initial base the better, but here after year 5 it's going to be a pain. Starting cap of 10k I wouldn't bother with clients unless it's a really big account.

Why not trade your own money? in New Traders Sep 16, 2010 at 08:47

Steve all those $100's add up.I been playing with the O money manager and just on 30k stuffing around I already made my car payment in fees. And I been wondering for a very long time, how many $100 accounts are lying around at O unused because the trading failed? 1000 ? That be $100 000 one can attach to an MM and trade as a single account. If an API is handling it well worth it!!Sir Williams, I feel it's better to trade your own money if you're successful. Every new client is a new boss. And we're in this game to be free from normal work constraints? I am anyway. So my view i...

US level 2 market depth & what market makers actually do in General Sep 15, 2010 at 21:04

I'm not an IB...I find the whole IB thing unethical. You end up taking the client to the best remuneration for you, instead of what is best for the client. To much of a conflict of interest.

US level 2 market depth & what market makers actually do in General Sep 15, 2010 at 19:18

Errr - they actually do chose IB's from Kindergarten, anybody is welcome, the more the better. In any other instrument but FX you have to be a registered financial adviser in most countries to do what you're trying to do. I used to be one. Have to write exams and so on, do legislated needs analysis and things before you can place money. The FX dudes will take anyone, it's not legislated yet...I was looking into doing a company in Dubai's financial zone, and from what I've read, you're scratching the lions balls with a short stick. Where I come from we use a long stick, ...

EURUSD	1.07693	GBPUSD	1.25236	AUDUSD	0.66032
USDJPY	155.791	USDCAD	1.36714	USDCHF	0.90645

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