You can make $$ on SIRI, S, BAC, C, and other high volume stuff when rebate trading. It's probably good for n00bs because it's low risk, however, it does require a lot of discipline and it's very tedious and repetitive. learn to program and automate it.
JSH, are you telling us that this firm is going to give you 50k on a $1,500 deposit? If I were you, I'd be seeing red flags all over the place with a "deal" like that. Your $1,500 will be gone imo in the blink of an eye. Don't do it bro unless you're planning on using the $1,500 on what I'd consider "tuition." With "tuition" in mind, $1,500 isn't a bad deal at all to be able to trade someone else's 50k. I met a Woman recently who paid $7,000 to "Success Magazine Investor Education" training/mentoring and has yet to make her first trade. Best of luck to you whichever way you go.
Read the thread about "the dangers of leverage" 50k for $1500 is 33:1 and considered high unless you're really restricted in the symbols you can trade.
As I mentioned, it's probably the "Swift Trade" model, not really trading per se, but placing orders to collect rebates. Why not is what I said, for $1500 he may be exposed to the real trading world, and might love it, or may become cynical and avoid it altogether. Either way, a good lesson I would guess. And Mav, when you have time post up like 5 firm names for the OP. I would, but I'm out of that Chicago loop (is that a pun, LOL). Don
I agree, Don. Better to spend $1500 actually in the market than on an educational product. Especially if you can trade on-site at a firm with more experienced guys.