Chris Hood
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Search this board for posts about Saxo, mine included, and/or try other reputable boards (say, Elitetrader) for comments on and ratings of Saxo. You'll get your answer, I believe.
eurusdtrader
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eurusdtrader
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six figure signing bonuses
I assumed it was because Jimmy had received better offers and incentives from each bank, so I asked him about this, and his reply, "...Exactly. Six-figure signing bonuses and a better percentage of the profits. I didn't care what institution I worked for because I had my own trading systems that were not dependant upon the banks, customers etc..."
JP1966 said:
I assumed it was because Jimmy had received better offers and incentives from each bank, so I asked him about this, and his reply, "...Exactly. Six-figure signing bonuses and a better percentage of the profits. I didn't care what institution I worked for because I had my own trading systems that were not dependant upon the banks, customers etc..."
eurusdtrader said:
I would suggest anyone spending money on a 'system' does proper due diligence.
One of the things I am usually most wary of is someone who has moved banks very often - could the guy put the exact dates up of each job including month, not just year.
eurusdtrader
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JP1966 said:
I'm not going to be asking Jimmy about exact dates for each job he had.
..and maybe 'system' is the wrong word when you say it like that in quotes. I never thought of it as "spending money on a system" ...It's an investment in education. Jimmy's education can be considered a strategy, a method, an edge, an angle, an approach, a setup, a plan, a craft, a procedure, a tactic ...use anyone of those that make you comfortable ...you still need to do your own due diligence. If you can't make money in 6 months or less using a successful bank traders' system, then forex trading is probably not your best career choice.
Lol. I have been trading fx full time for 18 years.
Of course there are always exceptions but I would never employ anyone who had worked in so many places in such a short space of time. Of course people can be poached for more money but banks generally do anything they can to keep succesful traders. I have yet to meet a succesful trader who has moved between say 10 banks in almost as many years who hasn't been kicked out of most of them. Hence the reason for the months - to see how often they overlap.
I am sure Jummy is the exception though.
Of course there are always exceptions but I would never employ anyone who had worked in so many places in such a short space of time. Of course people can be poached for more money but banks generally do anything they can to keep succesful traders. I have yet to meet a succesful trader who has moved between say 10 banks in almost as many years who hasn't been kicked out of most of them. Hence the reason for the months - to see how often they overlap.
I am sure Jummy is the exception though.
