I have been developing a plan to trade in Thailand. In my previous posts I discussed my desire to trade in Bangkok. Well the plan has taken a turn. Now I am looking to open a proprietary trading firm in Thailand. Please review my business plan. I am looking for any constructive support or criticism. If you would like the data that I used to present this information I would be happy to share. Also if there is anyone with expert advise please PM me. Below is a very brief overview of my business plan. I have 2 spreadsheets to support the cost saving I have listed below. The reason I am confident my business plan will be successful is 1) I have over 10 years experience trading futures, 2) I understand how Thailand works, and 3) I have a background in education. 1. I have traded futures for over 10 years. My experience includes E-mini, interest rate, and energy futures. I believe my best asset is my understanding of the mind of the successful trader. 2. My wife is Thai. I am going to move my family to manage the firm. I have been working on this business plan for over 2 years. 3. I have a degree in Education. I am currently taking courses in Special Education. I know how to train and motivate traders. You asked what the edge would be? Managing expenses is the edge (Strict Money Management) 1. There is a large pool of unemployed college graduates who would work for $50-$100 a month with 10% commission. For example, my wives (she is Thai) cousin is a college graduate who is making $200 a month WITHOUT POTENTIAL COMMISSION. All new traders would trade on the simulator until they showed consistent profitability. If I started with 10 trader trainees it would cost $1,000 a month. 2. KEEP COST LOW INCLUDING DAILY RISK CAPITAL. The trader would have $100 a month draw. As a result, there is no hurry to force profitability. I think the best strategy would be to have very small loss limit - per day and per month. All beginning traders(showed profitability on SIM) would begin trading with $100 daily loss limit. Their monthly loss limit would be 400-500. If they hit monthly loss limit they go back on the simulator. Ideally 1/3 p/l ratio per day would be goal(loss limit $100 profit target $300). All new traders begin on small tick size contract such as NQ, Emini Dow, 10 year, financial spreads, etc. They have to be able to make 3-5 trades before hit 100 loss limit. For example NQ has $5 tick, $20 point. A trader would have to make 5 losing trades in a row to hit loss limit. LOSS LIMIT INCLUDES COMMISSIONS. Very important to hold on to the cost savings. The business plan will have very low loss limit for each trader on daily and monthly basis. It would be very unprofessional to risk employee cost savings with wide loss parameters. Thai 25 traders averaging $25 profit a day over 250 days firm makes $28,750. (PROFITABLE AT $25!!!!!!!) USA 25 traders averaging $25 profit a day over 250 days firm makes $-680,450. (PAINFUL!!!!!!) Thai 25 traders averaging 300 profit a day over 250 days firm makes $1,651,000. ($1,070,000 difference!!!!!) USA 25 traders averaging 300 profit a day over 250 days firm makes $588,300.