From Retail Broker to Prime Broker and WHY

Just freshly updated. You can view it now from post #1 in this thread.

Good Trading to you!

One of many: http://www.ocra.com

Use your web browsers search engine and search word phrases patterns that match the content you seek. You will find that that there is a very normal, routine, matter of fact and highly valuable legal industry available to support the formation of international corporate business entities. Nothing new or surprising here. The problem is that most W-2 employees don't typically have such needs and therefore, seeking such support could seem "foreign" or strange to them. There are at least a billion reasons why a business entity might decide to relocate or formulate itself somewhere in the world other than where it is right now - and all of those reasons are legitimate with no ethical, moral or legal questions, whatsoever.

No need to take that deep of a dive unless your intention is start a hedge fund. As an example (hypothetically speaking of course), one could be chief trading strategist (an employee) of a private (closed to the public) proprietary trading firm. The sole purpose of that firm could be to grow its own private (no third-party funds) capital. That firm may also have no other business or function other than growing its own capital. It may have as many employees as necessary to perform its corporate mission. Its corporate headquarters does not need to fall under any particular national jurisdiction - which means it could be established (domiciled) anywhere in the world that its board members deem appropriate for the purpose of maximizing its own business model.

yess seen it few hours back........ thank youu may god bless you..

I think he uses the GS closing ratios to make that claim. In addition, he's probably also referring to all the other markets being traded by individuals from a home computer or portable device that are not strictly FX. When I was learning how to trade many years ago, that ratio was pretty much spot on. I had days of 1,200%-1,500% rates of return on a tiny $1,500 account with Ameritrade, followed by a litany of smaller losses because I did not know what I was doing. It was those 1,200+% returns in a single equity options trade where a 0.25 call option ran to over $3.00 that got me interested in going deeper into why the market moved in the first place.

I lost tens of thousands of dollars this way. It is very easy to do. This was the beginning of my tuition cost for the Street PhD in trading I received from Hard Knock Trading University (HKTU).

Anton, did not come up in the business this way. He did not develop his own bespoke technical indicators and he does not have the same data analysis background. He came up through the traditional corporate ranks and learned the craft from inside the belly of the beast. So, his entire mental paradigm is going to be different than mine. His methods are traditional and fundamental and it works for him.

Essentially, he graduated from the University of Goldman Sachs. I graduated from the Hard Knock Trading University. Yet, I can still grow revenue at a faster rate and with a lower risk profile. He had a head start in that somebody handed him millions to trade. I had no such head start and had to develop my first million from dirty. At the very same time, we both agree that about 20% (or more) of those people calling themselves pure Day Traders in retail FX, are probably doing well enough to pay for a mortgage and maybe buy a Porsche.

However, the remainder of retail FX Day Traders can't be that successful by definitions seen in the very business model of the typical bucket shop retail broker. Retail bucket shops would not be as plentiful if the ratio's were inverted - and for the exact reasons that Anton spells out in the video.

BTW, I was not slamming HKTU. HKTU is not a bad institution. In fact, it could be one of the better institutions out there. However, it takes a lot longer to graduate, a heck of a lot more money for tuition and more physical/mental/emotional stamina than most people can maintain. However, graduating from HKTU will be one of the proudest moments of any Trader's life because you will have bootstrapped a new business model from dirt. There are very few things more rewarding than that in business.

"I graduated from the Hard Knock Trading University. Yet, I can still grow revenue at a faster rate and with a lower risk profile. He had a head start in that somebody handed him millions to trade. I had no such head start and had to develop my first million from dirty."

"However, graduating from HKTU will be one of the proudest moments of any Trader's life because you will have bootstrapped a new business model from dirt. There are very few things more rewarding than that in business. "

Appreciate the Inputs iDouble.

Million Dollar Traders was awesome!

The trading series on BBC where hedge fund guy Lex Van Dam sees in a short time period he could teach a group of beginners how to trade. He gives them $1 million to trade with over a period of eight weeks.

Here is the link to the full series, https://goo.gl/1u3HZq

It is really a disaster! IMO