Level II is ladder trading, btw.
Jeff
Article: Making $150,000/ month trading US stocks.
who knows!!! I just saw it through the price feed! An abnormally large order came in, price reacted off it, moved and then a similar amount went through the opposite side! It might not have even been the same person. I just put 2 and 2 together.......maybe I made 5!!
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superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
i'd say that financial trading is no easier or harder than trading horses, but the transaction costs for retail traders generally take quite a chunk out of profits. the commissions paid by the bank that the girl in the article trades for will likely be a fraction of those paid by the rest of us.
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superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
yeah but you have to put thru a pretty large amount of trades to start getting reductions (it's worse that Betfair points!) and exchange membership is very expensive.
horses for courses pretty much.
I use velocity think frank uses mirus. I like the fact there is an opt in leaderboard for velocity though so you can at least get some real headline figures on what people are making and losing. And the customer service has always been great.
heres todays top 5 leaderboard which I am assuming is actually yesterdays.
I use velocity think frank uses mirus. I like the fact there is an opt in leaderboard for velocity though so you can at least get some real headline figures on what people are making and losing. And the customer service has always been great.
heres todays top 5 leaderboard which I am assuming is actually yesterdays.
You do not have the required permissions to view the files attached to this post.
I never understood these 4 or 5 second deal which help people earning huge amount of money in this short period of time. Can anyone help me to understand this pattern or 4-5 second deal, I tried to search it online but nothing useful came up. Thanks in advance,. It’s been a year in starting forex market.
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http://stockmarkettradingfordummies.com/
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http://stockmarkettradingfordummies.com/
Maybe these guys operate like Betfair scalpers, offering money to both sides of the book. Here's a quote from a former floor trader that I posted in another thread:
"If you assume that the true theoretical price is somewhere between the bid and the offer, then if you buy on the bid, you're buying the market for a little less than it's worth. Similarly, if you sell on the offer, you're selling it for a little more than it's worth. Consequently, on balance, my trades had a positive expected return, regardless of my strategy. That fact alone could very well have represented 100 percent of my success."
Jeff
"If you assume that the true theoretical price is somewhere between the bid and the offer, then if you buy on the bid, you're buying the market for a little less than it's worth. Similarly, if you sell on the offer, you're selling it for a little more than it's worth. Consequently, on balance, my trades had a positive expected return, regardless of my strategy. That fact alone could very well have represented 100 percent of my success."
Jeff
georgesim wrote:I never understood these 4 or 5 second deal which help people earning huge amount of money in this short period of time. Can anyone help me to understand this pattern or 4-5 second deal, I tried to search it online but nothing useful came up. Thanks in advance,. It’s been a year in starting forex market.
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http://stockmarkettradingfordummies.com/
The problem with scalping a lot of these markets are they operate differently to betfair. Both sides of the book generally don;t get filled at the same time so you will get filled on one side and the price will go through you way more than you will ever get filled on both sides. Also scratching a trade doesn't happen the same because of the same behaviour. either the bid or the offer usually trades. Theres very little crossover between both trading at once so if you want to trade you generally have to take a price rather than offer one with the exception of a few markets.