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"Successful trading is one long journey, not a destination" Peter Borish Former Head of Research for Paul Tudor Jones speaking on conversations with John F. Carter
Not sure what to say. Sad for the guys from PFG.
I never had any association with PFG with the excpetions of a few phone calls where they wanted me to clear through them and I politely declined.
Sadly non of of the due diligence that a retail trader typically conducts would allow them to conclude that either one (MG, PFG) would go out of business. However, as an IB I choose FCMs based on the people that run them, experience, mentality, test under economic stress, compliance staff, etc and other variables that retail guys dont take into consideration.
FCMs are run by PEOPLE, and their culture and behaviour would dictate the direction whether it will be a success or a failure. so far I made the right choices and hope this will carry into the future.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
Actually if you use a ninjatrader multibroker license you can log on to the datafeed first (say CQG, Kinect or Zenfire) then next logon to IB then thirdly TD. This gets around the poor datafeeds of IB and TD. You can then direct trades to either AMP, IB or TD or any other ninja broker using chart trader or ATM strategies.
I'm doing this currently and it is a very efficient way of trading and spreading your risk. I'm a little unhappy with the lack of flexibility in a few areas though but this is the future for me. I will add a couple more accounts and then spread trades accordingly.
"Successful trading is one long journey, not a destination" Peter Borish Former Head of Research for Paul Tudor Jones speaking on conversations with John F. Carter