Ha ha, what a ridiculous comment. There will always be market inefficiencies out there, but don't expect people to hand them over to you. Keep trading with your head in the sand.
I find it funny that you call it modern slavery. Don't traders at major IBs get about a 20% payout. Guess they are modern slaves too earning 5-10 million. I think the traders in China are not forced to become prop traders, but rather see it as a great opportunity. Put yourself in their shoes (earrning 1000/month compared to a hundred with little risk) and you will see its not a bad proposition. BTW I do not run a prop shop in China. I however think that global competition makes the world better. I think that the trading jobs will always be taken by the most capable traders not the lowest paid. If this were the case, GS would have moved their operations there a long time ago.
I would advise against putting your MSN and email address on the net so publicly. Back to the topic, if you consider the alternative to be working in a sweatshop or some other minimal wage labour job or possibly seeing if you can trade risk free at swift's disposal, which would you choose? You gotta do what you gotta do to survive.
GS are there in a big way already. My prediction is that the top 100 trader list will be inundated with asians soon.
hey, do you have experience working in the video-game playing business? I have seen some internet parlors in china full of these professional game players. What they do build up a character, obtain all the weapons magic etc, and then sell the character on ebay. By the way, you'd think a guy could do it on his own, but no most of it is organized. There is a boss who takes a cut, and does the reselling. Anyway, i remember thinking while looking at their lightning fast keyboard fingerwork that some of these guys would make good traders. The problem is of-course english, if i were to hire one of those, i'd still need to teach them what i want them to do. (i dont think giving them 10000$ and asking to make some money would work) To harold: is this becoming big in china? do they have it every big city now? What about trading on chinese markets?
guy's i'm not sure if i understand. i thought the way it works is that the person has to deposit $5K of his own money. is this person saying that he doesn't have to put in any money of his own at all? in return, he gets a 5-15% cut of profits he makes from a $10K starting capital? if this is true, then he's getting something for nothing - a good deal indeed. how would the company make any money from this arrangement considering most of the traders will lose their starting capital.
That's the way the market works. First guy to get in gets the most benefits... then others notice his huge profits and jump in, lowering prices and profit margins, until you get competition... it's only a matter of time.