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PureBytes Links
Trading Reference Links
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If you want to learn how to correctly enter trading orders. Get Joe Ross's
trading orders course. It is excellent and will take you through all the
scenarios you could possibly think of. Oh by the way the only good thing
Ken Roberts has ever done is introduce people to Vernon Howard in his Rich
Man's Course. You can check out Vernon's web site at www.anewlife.org.
-----Original Message-----
From: Tom Alexander <gta3@xxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Friday, November 13, 1998 6:52 AM
Subject: futures brokerage commission
>It continues to amaze me that there really are people out there paying
>$100.00 per round turn. That is ridiculous!! Regardless of the size of the
>account, you should NEVER pay more than $25.00, and that is the very high
>end!
>
>The reasons given for such blatant rip-offs include:
>
>"I'm doing extra things (watching your trades, giving suggestions, watching
>to see if you are getting good fills, helping you to correctly enter
>orders, etc., etc.) that a discount broker won't do or doesn't care about"
>
>Translation: "I have to make a living off you and that living is in
>substantial part the difference between what you could pay and what you are
>paying."
>
>If you need/want suggestions pay for an advisory service. Good fills are
>not in any way related to the guy on some desk with whom you are entering
>orders. That is much more an issue of the FCM (Futures Commission Merchant)
>with whom your broker is affiliated. This IS important for a number of
>reasons but is not the point of this post. If you are a brand new trader
>and need/want help correctly entering your orders then it is worth a little
>extra, in the $25.00 range, to be sure you are doing what you want to do.
>
>The term "Discount Broker" is the most ubiquitous, misused,
>nothing-but-marketing BS in the industry. You can get BETTER service, and
>more EXPERIENCED brokers for a lot less than the average trader is probably
>paying on this list.
>
>Just remember this, "Discount Broker" is a marketing term, not in any way
>close a complete description of what one is or is not getting or paying.
>
>
>Regards,
>
>Tom Alexander
>
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