All of the complaining and criticizing about this firm and that firm is beyond me. The failure rate of any small business last time I looked was well over 90%. The only thing I know for sure is that if you are not able to make a go of it as a full time trader there is nobody to blame but yourself. All of the firms offer more than adequate tools to turn a consistent profit. Commissions are all competitive and seriously, if paying $1000 for a week of training is too much for anyone to handle you are probably too attached to your money to make anything trading anyways! There is no other job where you can make as much $$$ working these kinds of hours, while having fun, wearing shorts and a t-shirt and the list goes on and on... Daryn C P.S. The number of happy traders at Bright outnumber the unhappy ones by 50 to 1 I'd bet. If someone is really not happy at any firm I don't think anyone is stopping you from packing up your bags and going back to a 9-5 job. And a question for those who complain about the firms making money..... If they didn't turn a profit every year, how long do you figure they would be able to put a roof over your head and a keyboard under your fingers?
This is a useless message, does this robert person actually think people wouldnt do more research? this is a message board,, this is what people do here bozo
As I was going through a stack of old BusinessWeek, I read an article (nov 8 1999)about a daytrading guru back in the heyday who was giving seminars on how to play crap to learn daytrading. The article mentions Mr Bob Bright as a professional gambler turned daytrader. The article says Mr Bright applies the tenets of casino games to trading in his seminars. It goes on saying that most famous traders are also gamblers... Any thought?
I'm just curious about other readers, how many of you think that a week of training = 5 * 4 hours, which includes going through how trading firm is much better than brokerage firm (which by the way is so obvious) and going through the instructions of paperwork?
Why don't those who are opposed to the practices and fees charged by the prop firms outline a plan that you think is fair: Should there be training and if so how much are you willing to pay? If it was your business how would you grow it? What is acceptable to you? How much would you charge in commissions? Who would pay for the overhead of running the business? Who will pay for the equipment you use? I'm not trying to be a smart ass. Some people seem to have differences of opinion as to how things should be done. So lets lay out what you feel is fair and then get peoples input on that. But seriously, slinging mud around without offering some kind of solution just makes things worse. If it was your business how would you run it?