So what if China is a "3rd world country"? In Amarica, as in China, if you don't make a decent wage you'll be on the street like so many homeless in America, or be living in a city ghetto or run-down trailer park. It does'nt matter much which country you live in, what matters is where you live in that country - if you are living in a Coral Gables or a Liberty City, a Manhattan condo or a Brooklyn ghetto. With Swift in China that's an oppurtunity for those with the aptitude to trade up some bucks and go live in their Coral Gables.
I think it's possible to trade remote for other prop-firms without even being in the U.S. So yes, there are alternatives if you are able to put up some money of your own.
1.4 billion people and what 20-30 million have money? 95% lives in the country in huge poverty. 5 times the amount of people in us and 1/7the the gdp. it is 3rd world
Whats your point? You don't have to live there, and neither do I. However, be glad that they, all 1.3 billion of them are not all living at U.S. standards. If they were they would rule the world with productivity and trade. America already has a trade deficit with them, and they are not even fully reved up yet, they are just opening to capitalism. "The United States' politically sensitive deficit with China in 2003 was nearly $124 billion, an all-time high. By country, the United States' trade gap with China was the largest". http://www.cbsnews.com/stories/2004/02/13/national/main600034.shtml
CIA-The World Factbook: " Measured on a purchasing power parity (PPP) basis, China in 2005 stood as the second-largest economy in the world after the US, although in per capita terms the country is still lower middle-income and 150 million Chinese fall below international poverty lines". Only 150 million of their 1.3 billion are below the poverty line. Not so bad, considering that Mao Zedong had them all wearing tunics and carrying his little red book for decades. Then it was a bicycle state. They are out of that now and running with it. 10.2% GDP in 2005.
I cant find such firm...Discussed that opportunity 100 times...Their answers are the same :"If you think you are interested in opening an new office then we can proceed from here if you were looking to do remote trading then thatâs not something we offer." JUST GIVE ME THE NAME IF U R SO SURE...
whats per capita income in china $4k a year? think about 100k china boys trading the us market happy making $300 a month financed by outsiders or even rich locals. think about 500 people squeezed in 200 different rooms across china each trading 500 k shares a day. every penny up in stocks has 100k shares shares on each side trying to make a penny. the only movement you get is when an event happens. the guys owning the rooms making millions a month in commission overides.this is whats been happening the last year or so. don't get me wrong for a longer term investor this doesn't have any effect but for a minute by minute scalper it effects. THINK ABOUT IT AS STOCK SWEAT SHOPS.