Largest % of my funds are with MFGlobal and IMO they are the best broker out there. Very friendly, understanding and cooperative. They have gone out of way to help me. The only reason I have accounts with 4 brokers rite now is to diversify against any potential financial loss (very unlikely though) to MF otherwise I would have preferred MF only any time
Aloha usman, you been doing recently mate?? 1thing i just saw though which reinforces the reason why i will only ever use an SB firm and never ever would trust a broker with my money and trades- http://www.timesonline.co.uk/tol/news/uk/crime/article6237261.ece Its about MF global btw mate. I just couldnt stand the thought of someone else being the 'inbetween man' in my trades, and so having to rely on him to not mess-up anything ever.
I dont have a managed futures account(which the article you posted is about) with anyone, MF global included. Already this year (till today) my account is up 50%. Keeping in mind this is a high 6 fig account and I only risk less than 10% of my capital, it is quite a favourable return on annualized basis, when compared with any hedge fund or managed account out there
I highly doubt the authenticity of the 7-to-7 claims. A person who is able to turn 7k into 7million is not lucky. He is a genius. Such a person would never let millions into a managed account with somone who cant even generate 10% return, let alone forget about it
I agree mate. If the bloke was on the ball enough with knowing exactly how trading/the economy works and everything to the extent that he was able to make £7millions out of just £7,000 in 2years (would require basically risking the whole account EVERY trade with a tiny stoploss of about 10ticks and targets of 60+, and wouldnt be able to go 10offside EVER), but even if someone was able to do that...., then how the fuk could that same guy be stupid enough to not even know how much money he had in his own trading account!! Welldone on your profit so far this year btw usman..
today volume is around 70% of good bullish day volume. - when I checked chart today's chart is like this Tuesdays like both in price movement and volume , based on it we may close around 57.75 ish
- I doubt we see 5900 today , if it is the case oil should have showed some independence from equities so far it is following equities minute to minute . - oil 6000 today is based on govt. job loss report in line with ADP numbers but it is not, it is way off - in order to close 5940 , we should see oil 5840 range by 1250 EST that is in 15 more minutes ..