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Ilikegelt Posts: 191 Incept: 2009-01-06 My Pride & Joy	I'm listening to Traders Audio on TOS. What does he mean, or what is the significance of Locals Trading vs. say, JP or Goldman? And when hes says Paper coming in? THX. Gelt. ---------- How can broke economies lend money to other broke economies who haven't got any money because they can't pay back the money the broke economy lent to the other broke economy and shouldn't have lent it to them in the first place because the broke economy can't pay back? Last modified: 2010-06-07 13:29:59 by ilikegelt 2010-06-07 13:21:36 Permalink
Asimov Posts: 103900 Incept: 2007-08-26 East Tennessee Eastern Time Online	Locals == people on the floor, primarily trading for themselves. goldman, jp, ect are all paper. Paper is trades that are coming in electronically and being handled by the big houses. They may or may not be trading for themselves. This may help: http://www.tradersaudio.com/daily/index..... ---------- It's justifiably immoral to deal morally with an immoral entity. If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente. 2010-06-07 14:02:35 Permalink
Ilikegelt Posts: 191 Incept: 2009-01-06 My Pride & Joy	Thx Asi, and congrats on the 2,000,000 post! ---------- How can broke economies lend money to other broke economies who haven't got any money because they can't pay back the money the broke economy lent to the other broke economy and shouldn't have lent it to them in the first place because the broke economy can't pay back? 2010-06-07 14:11:01 Permalink