What are the best prop trading firms? - Quora

In case you missed it: HSBC trader found guilty of front running the spot fx market. Detailed court charts provide insight into how bank money moves markets and including actual position size/duration information.

One of the things that surprises many newbies to the forex world is that some forms of insider trading aren't illegal. Front running is the practice of taking a position with the knowledge that there is a large order coming through behind you to push the market in your favour, and it's been generally accepted that this is just the way of things in the spot market, even if it's been outlawed in futures and equities.
However, a recent landmark case means that this may no longer be the case.
Former HSBC Holdings Plc currency trader Mark Johnson was found guilty of fraud for front-running a $3.5 billion client order, a victory for U.S. prosecutors as they seek to root out misconduct in global financial markets.
He was convicted on Monday on nine of 10 fraud and conspiracy counts after a month-long trial in Brooklyn, New York.
(https://www.bloomberg.com/news/articles/2017-10-23/ex-hsbc-currency-trader-is-convicted-of-fraud-for-front-running)
It is hard to know exactly what impact this will have on the markets, given that many traders will look at this case and note that: a) there was fall out because the HSBC desk execution acted against the interest of their client, rather than the front running per se b) there was active conspiracy with other traders c) the run was into the fix, rather than less watched times of the day.
I haven't read the case details though, so perhaps there is actual specificity against the practice. Systemic risk averse (not the same as market risk aversion) institutions may be less willing to engage in the practice, and certainly it seems to continue the push towards removing the human element altogether.
-- // --
What's even more interesting for spot traders who can't front run, is the detailed look behind the scenes that the case gives us, as it clearly outlines the actual events in the real world that translate into price movement.
Timeline of events
1) Cairn Energy PLC, an oil and gas company begin talks to sell a 51.8% share of their Cairn India subsidiary in late 2010 for $8.7 billion
2) Approval from the Indian government doesn't come through until September 2011
3) Cairn Energy place an order with HSBC to convert 3.5 billion dollars from the asset sale to pounds in December 2011
4) HSBC desk traders accumulate GBPUSD longs in anticipation of the big order
5) The desk trader responsible for putting through the 3.5 billion trade 'ramps' the order through just before the fix, all traders then close out positions.
References: https://en.wikipedia.org/wiki/Cairn_Energy https://www.law360.com/articles/972069/expert-tells-of-hsbc-trading-frenzy-around-3-5b-forex-deal https://www.bloomberg.com/news/articles/2017-10-05/ex-hsbc-trader-says-boss-ordered-him-to-ramp-up-price-of-pound
-- // --
Now for those of you who are already aware that this sort of activity occurs, this isn't news, just open confirmation of what was assumed to take place.
More fascinating though are the position size and timing information, which give proper insight into market dynamics.
You should read this full article to get the best understanding: https://www.bloomberg.com/news/articles/2017-10-10/in-hsbc-currency-trade-charts-u-s-offers-its-theory-of-a-crime
-- // --
These are the charts in question:
Reuters Buying Market M5 volume chart showing HSBC share
https://i.imgur.com/bXBN2BC.jpg
For all that's said about spot forex having 'no true centralised volume' etc, this is an incredibly telling graphic of just how much a major player can dominate the interbank market and leave a very meaningful and tell-tale spike, even at the fix. Additionally that's 1.6BN notional moved in five minutes.
Prop book position sizes for HSBC London and HSBC NY
https://i.imgur.com/MhRPGWJ.jpg
https://i.imgur.com/krBztbX.jpg
There is a lot of information in these charts if you're willing to dig down into them. You can see the size of individual HSBC bank traders' positions, how much they change them, how long they hold them for, and how quickly they exit them.
It's worth nothing that the increments on the horizontal axis are 6 minutes, meaning the standard position hold length was often only in hours, with size reaching up to $70M for the NY traders.
The London traders had quite different styles, one of them running a frequently adjusting multiple small trades inside their larger position, one of them running a static short for much of the day before flipping to the long as they were alerted to the front-running opportunity.
In addition to liquidating their positions into the $3.5bn client order, many also shorted off the peak, although didn't close out in the given time period.
Actual spot price vs HSBC trader position size
https://i.imgur.com/Qc1Kart.jpg
This is particularly fascinating, because it's rare to see the spot price superimposed over the genuine very high volume buying activity.
Having looked through these charts, it's important to take a step back and think about how it all fits together: corporate activity outside of the market, leading to a major forex order, leading to the constant aggressive buying driving price up over an hour, and then the sharp position exits causing price to peak.
How you would have perceived this depends on your lens to the market. Perhaps it looked to you like a particular candle formation, maybe a test of resistance, maybe a breach of resistance. Perhaps you saw it as a big volume stomp on the DoM. Maybe it was just 'noise' (even though it represented a genuine commercial event). Maybe it formed part of harmonic, or crossed an average, triggered an automated algor entry.
But price doesn't move about for abstract reasons from minute to minute, hour to hour - it's driven by real world events that will never register on your radar, like the Cairn's Indian subsidiary sale, which then manifests when bank traders make decisions with client money and bank prop money on the side.
Whether or not this should factor into your trading depends on a combination of your personality, mental model of the market and your trading style. But new traders should always be very wary of approaches to the market that can not account for the information that can be seen about how the market operates when criminal investigations pull back the curtains.
submitted by alotmorealots to Forex [link] [comments]

Past Performance and Future Prospects of the SWAT Coin Project.

Past Performance and Future Prospects of the SWAT Coin Project.
On the 10th of April 2018 we had closed our pre-sale with an investor base of 109 and a price of USD 0.0000833 Today the user base is 69538 and last traded price is USD 0.000228
User base has increased by 637.96 times and price has increased by 2.73 times. Circulation has increased from 150 million to 159 million and this increase is mostly by way of bounties, airdrops and bonuses.
Generally when the user base increases drastically through airdrops the price tends to drop since those who have received the airdrops wish to sell and book profit immediately as has been the case with several bitcoin forks that are dead projects now because of this tendency.
But in SWAT Coin's case we can see huge increase in buying rather than selling. You can not blame the investors who bought at SWAT at USD 100 in April if they wish to sell at USD 273 now at 2.73 times the original price in just 80 days after their original purchase. It is indeed tempting to book profits with a 273% profit in just a short span of 80 days! These kind of returns are not seen in any market, be it the forex market, stock market, precious metals, commodities or even in the highly speculative crypto currency market.
In March 2018 when the SWAT coin project was at its inception stage Bitcoin was at around USD 12000. Today it is at around 6000 USD! XRP was at 3 USD in Jan and there were hundreds of predictions that its next price target was 5 USD in the short term! Today it is around 0.45 USD which is almost a 90% drop from its peak! Similar predictions for ETH were doing the rounds in Jan when ETH was trading at around USD 1350 and today it is at one third the value, at around 450 USD!
The reason that I quote these examples is mainly to establish the fact that in spite of the huge amount of fear and uncertainty in the market our project has given this kind of a positive return! It is true that our project has had a humble beginning but we have never missed a deadline till now! We have a fully functional block chain up and running in the shortest possible time and a stable Windows GUI Wallet released before the scheduled deadline.
Our investor community is wise and intelligent and all investors have chosen to back the project based on the analysis and understanding of its long-term viability and sure-shot profitability. So within 80 days due to the launch of our block chain the project has given a return of 273% with limited exposure. Now with a huge exposure to so many new investors in the next 3 months after the launch of Pocket Miners a realistic estimate should be at least a 5 to 10 times return from the current levels!
Most importantly our project is backed by the tremendous potential offered by our Pocket Miners which is unique to our project scheduled to be launched in October 2018. Neither BTC nor ETH or for that matter XRP has any plan to launch any thing remotely close to this! Nor are they able to say confidently that this particular product will be released in October 2018 and the profit from the sales of the product will be invested back in to the development and growth of their coins! But we can say that confidently! This is where we stand apart from the rest!
Does being listed in multiple exchanges have an effect on the price? For normal coins these kind of listings with artificial buy walls to prop up the price might be needed to gain the confidence of the investors. But our project assuming that even though we are is listed only on WAVES DEx, and even after October we decide to remain this way, we can be sure of price growth and stability irrespective of number of exchanges we are listed in!
Finally many central governments decide arbitrarily to ban crypto currencies as and when they please and this is a threat faced by the entire spectrum of crypto currencies, right from the biggest to the smallest! But we are immune to this!
In the case of a cryto ban, Pocket Miners will be positioned as a device to mine Ad Revenue, with inbuilt gaming apps to solve POW mathematical puzzles using the gaming power of the device (processing power) which rewards the user with tokens that can be exchanged for USD, paid to the individual users to their PayPal accounts. SWAT already held by investors will be converted to shares held in the Demat format in their secure share holding wallet and dividends will be given every quarter and this will be electronically delivered to share holders to their secure share holding wallet! This strategy is not available for any other crypto currency as of now!
Every or any which way we see it, our project is a clear winner! We will be steady in our approach to delivering returns to our investors! We will never deviate from this focus ever!
For those who have not read about the example I had mentioned about earlier regarding the rewards of being focused read this post...
https://bitcointalk.org/index.php?topic=3308625.msg40980853#msg40980853
Since we have talked about gaming and processing power of our Pocket Miners I wanted to share a screen shot of the indicative Octa Core Processor being planned of our Pocket Miner which I had not mentioned in my earlier post.
64 Bit Octa Core Processor
https://preview.redd.it/89ri0ea81i711.jpg?width=750&format=pjpg&auto=webp&s=f369d0c62cf509e4349b1556fc6fab7e36304eb9
submitted by SWTCoin to u/SWTCoin [link] [comments]

Should You Join These Funded Trading Programs? (Watch This ... Price Action Trading The Price Action Tool Ignored By 99% Of Traders (Andrews ... How to Size Your Positions Like a Top Prop Trader for ... Peak FX Group - Live Forex Trading - YouTube Forex Review - How I Trade - YouTube Prop Firms for Forex Traders - YouTube LIVE FOREX TRADING - Prop trading - LIVE POSITIONS - YouTube

Momentum trading: Momentum traders buy charts that are going up in price and sell them after when they seem to peak, they also sell short a stock that is falling fast and buy to cover when it seems to have made a low. Momentum traders use volatility for buying and selling short opportunities in brief up moves and down moves then exit as momentum fades. Trend following: Trend followers do not ... For a long period, we professionally research the Forex automated trading market. Over the years, we have gained experience that we systematically share with you in our reviews. Choosing an EA is a very important procedure, as it involves using it on a real account in order to make money. In the table, we have put together the ratings and results of the best trading robots performing. I am starting this journal to track my progress as I try to get into the world of Forex Prop Trading. My goal is to document me trying to get funded from FTMO, Psyquation and I will be tracking my progress on this thread. I will also try to document the emotional highs and lows that I will eventually face and hope that my future self and other aspiring traders might get some value from this ... On the other hand, from 5 pm to 6 pm (EST), most of the trading takes place at the Sydney, Singapore exchanges which have a far lower trading volume. The expected trading volume assumes that there will be no news affecting the forex market. If there is a military or political crisis, there may be an increase in trading volume, volatility even during the timings when the market is usually slow ... Most traders working in forex trading tend to measure their trading performance in terms of losses and dollars made. The bottom-line is going be the ultimate score when measuring your trading performance in dollars. However, that doesn’t give you the real picture about your trading strategy, and it is imperative that you measure your day trading performance through other metrics if you want ... Proprietary forex trading jobs. Main page; Proprietary forex trading jobs. Author: [email protected] Date of post: 30.06.2017. Some of these firms also function as market makers, or liquidity providers to the capital markets. Prop trading firms are different than hedge funds, which generate returns based on their fund size and benchmark performance. In terms of compensation, prop trading firms ... In choosing a prop shop to trade with is a long term relationship decision, where many features and aspects must be mutually satisfied. There are many prop funds, each has a slightly different market focus and engagement models. When searching for...

[index] [27131] [17897] [23746] [16320] [25696] [20215] [19868] [3202] [22110] [8135]

Should You Join These Funded Trading Programs? (Watch This ...

#daytrading #forex #forextrading #forextips #forexstrategy #simpleforextrading FOREX TRADING: M AND W PATTERNS AND PEAK FORMATIONS If you missed out on Pepperstone’s recent Great Debate you can ... Register for our free intensive trading webinar http://smbu.com/mike Get the Daily Video! http://www.smbtraining.com/dailyvideo http://www.smbtraining.com is... We bring you easy to follow live forex trading streams. We use our technical analysis expertise to look for trades throughout the fast-paced London session a... Prop Details on my website: www.nononsensetrader.com This is the best solution for prop firm trading for forex traders and the lowest cost to get started. #n... Powered by Restream https://restream.io/ Hi and welcome to forex trading channel. Unlike other trading streams what you will see is live positions that I tak... There are many 'funded' trading programs out there such as TopStepTrader, The 5%ers, SMB Capital and more. But should you actually join these funded trading ... In this video you’ll discover: • what is Andrews Pitchfork indicator and how Andrews Pitchfork works in Forex and stock market • how to trade and how to read... This playlist contains interviews done by Etienne Crete (Desire To Trade) with prop firms founders so you can pick the best prop trading firm to scale your t... Forex Trading made simple Fibonacci Trend line breaks Support and Resistance currency trading - Duration: 7:09. Forex Classmate 27,550 views This is not a product review, but a review for No Nonsense Forex traders as we put everything together and show how it plays out in an actual trading day. Be...

http://arab-binary-option.izinpregnessbox.tk