How To Swing Trade

How big does an intraday swing in trading (primarily Forex) have to be (as a guide). I heard 25+ pips on the m5 is okay? Can anyone elaborate please? I am looking to pick high/lows and retrace areas.

If you are new to FX start small. On a full contract 25 pips is $250. On a mini lot it’s $25. I can limit my downside to about $15 includin the spread which is why people saying Fx is risky is just plain wrong. Try to limit like that on stocks, options, or futues. Your trading style will determine your risk tolerence , timeframe, lot size,

Just curious if anyone know what a fair rate would be?

Thanks in advance

That is an extremely small account to pay someone else to manage. (Small is $100,000 to $500,000). You are not likely to get anyone good or cheap.

It is difficult to defend accounts on a cost basis if they aren’t generating at least $1200 per year in income unless you have thousands of them…so my educated guess is at least 5% per year.

The industry "standard" for basic management is 2% per year for accounts under $1 million and 1% per year for accounts over $1 million. The highest fees on the biggest accounts can be as much as 2% per year plus 20% of profits for the top managers.

Of course if you give up the idea of active management and trading and go with index funds and passive management, you can lower your annual expenses to far less than 1% per year with little net change in average annual return.

I have been invited for an interview to do proprietary stock trading in NY. From what I understand is that I will trade the firm’s capital and they will provide continuous education and tools to trade well. But I know nothing about proprietary trading. Do I trade inside the building side by side with other stock traders or at home? Will I get licensed later on? If you know more details, please share with me. Thank you.

Websters defines Proprietary as;

1 : one that possesses, owns, or holds exclusive right to something; specifically : proprietor 1
2 : something that is used, produced, or marketed under exclusive legal right of the inventor or maker; specifically : a drug (as a patent medicine) that is protected by secrecy, patent, or copyright against free competition as to name, product, composition, or process of manufacture

To me, proprietary stock trading means you are going to be trading the company’s own stock or trading from/with their own portfolio.

It’s unlikely this will be a work at home type gig. You would most likely be on a trading floor of the firm, working with others doing the same or similar things.

Best of luck on the interview!

Knock em’ dead.

With an online trade it yourself broker?

Anyway, thanks in advance for the information. I think you can use the basic program for 1040 on tax cut (which changed the name I think, or turbo tax, but I want to be sure before I buy one) if they have a schedule D, Thanks : )

TaxCut is now H&R Block at Home. One advantage of using it is if you decide you cannot do it you can go to your local Block office and they can pull what you started. TurboTax doesnt do that.

How to buy mutual fund online through NSE MFSS and BSE Star trading system ? Any Idea as I have to buy Some Tax Saving Mutual Funds India available, are -
•SBI Mutual Funds
•Prudential ICICI
•Bank Of Baroda
•Bajaj Capital
•DSP Merrill Lynch Mutual Fund India
•Franklin Templeton Mutual Fund India
•Standard Chartered Mutual fund India

your first ans reply is mfss trading allowed by sebi but it will take some time to start online trading
online trd. through bse\nse would be costlier than buy through any ad visor

second ans : you can invest EL SS ilkes Birla ‘96/sundaram bnp paribas\hdfc tax saver funds