Recent content by karlmarx

Exactly what is an STP license? I have not seen that on any NFA site. What FCM will u use for clearing?

Before regulation it was possible for retail traders to pool their capital and execute through a prime broker. Without that, it is impossible to hide your flow from the liquidity providers. I know of traders that have been excluded from certain bank feeds because they were profitable. All this...

My guess would be the NFA will adopt an additional rule similar to the FINRA rule requiring a min account level of 25k to do day trading.

1. Preservation of Capital 2. Disipline adopt a trading strategy and stick to it. No matter what. This includes taking a loss when you are wrong. Which is #1 rule, preserve your capital. He who trades and runs away, lives to trade another day.

CFTC - Big Brother The problem as I see it, will be that US banks will not send your funds overseas to FX firms. At least that is what the banks had begun doing early last year. Closing or not opening accounts for "non-bank financial institutions". The real problem with the CFTC rule is...