They will fail to make money for themsevles, but what about commissions? Churn and burn was Worldco's hiring strategy. Just does not work.
I think the fact that they were still recruiting new traders (i.e. taking new traders' money) in the same month they declared bankruptcy is just wrong. Why the business crumbled: lack of an effective training program I imagine. From what I have heard from a few friends I knew that worked there, training at worldco amounted to just a few trading videos that traders could download from the worldco website. If you take in lots of new traders and don't give them at least some guideline as to how to trade profitably, what do you expect?
bruan family is extremely wealthy. they made alot of money from worldco and the market. your remark is dopey,
Well, given the fact that they ran the business for over 10 years, I am inspired to start a trading firm of my own (i.e. since you imply that running a trading firm sucessfully for 10 years is easier than running a lemonade stand, even I, with no experience, could manage it) Thanks for the inspiration!