What i need to know: I need advice on where to go, what company to look for, or any advice will be appreciated!!! My Record: I have been trading on my own account since 2007. Lost about 6k in 2007 and up in the positive in 2008. I started with about 10k in April 2008 and end up with about 20k in April 2009 (100.41% return). From 2009 to 2010 wasn't so great about 30% rate of return from the initial capital. From 2010 till now, i lost about 10%. (i dont' usually leave positions overnight ) What i trade: I trade mostly commodities ETF, mainly in Oil, gold and natural gas. Where i am located: Toronto,Ontario, Canada If you need further questions to help me, please contact me @ sleepyhead_49@hotmail.com (yes this is a funny e-mail from grade 4 but i am still using it)
Greatly appreciated if you can give me your opinions and i am not afraid of negative comments! WHAT I NEED HELP/ADVICE - I need advice on what to do, what companies are available for me, or any advices are greatly appreciated I want to know what i can do with my current situations MY RECORD - Started in 2007 - lost 6k in 3 month (got discouraged, didn't restart until April 2008) April 2008 to April 2009 - with captial of 10k to around 20k (brokerage account gave 100.41% rate of return) April 2009 to April 2010 - with captial of 10k (paid off my tuition load) 30% return April 2010 to April 2011 - lost 10% (usually with no positions overnight) Brokerage is Credential Direct, i paid $20/ trade for first 3 month then $10 thereafter WHAT I TRADE - I trade mainly in the commodities, ETFs, mostly in Oil, Gold, and Gas PERSONAL SITUATION - I have recently graduated, 24 years old, no loans (paid off XD), can go without salary for as long as 6 month Had many jobs in the area of sales, admin, call centre LOCATION - I am currently in Toronto, Ontario, Canada I would prefer staying in Toronto if possible
I would agree with previous comment unless you are trading really high volume and need the low rates or do not have the cash yourself a trading firm is not where you need to be. If you are going to be trading high volume that is a different story as the rates at most places would kill you
Problem i am encountering: 1. Brokerage is taking between 6% to 10% of what i earn 2. I need 100k or more. I am to a point where i know what to trade but just didn`t have enough capital to do so. I saw many oppourtunities but had to let it go. 3. I am a person that likes to learn so maybe i can learn something from other traders Please advice a good firm to join in Toronto Post here or e-mail me directly @ sleepyhead_49@hotmail.com Thanks