The "training school model" was used by Blcok Trading back in the 1990's, and again by a few people over the years. They, too, were under the impression that the 'fees" would cover software costs and all the rest...which it did for while...but as soon as the revolving door stopped (of new "students" who were not making money right away....you understand that it may take months or a year or two before any profits come) then they found that their $5,000 was gone, the traders were left in the lurch.
I am curious as to where you are planning on getting the $100,000 per trader when they put up only $1,000-$5,000? Even if you "ignore" all the rules, that would be pretty tough, and you know what has happened to the "intraday loan" people. I imagine that you have an answer for this.
I'm sure wouldn't think that you could expect to raise outside capital for something as extraordinarily risky as this...but perhaps you have another plan....(you do have my curiousity up...I gotta admit).
I'll keep my eyes peeled for your paperwork filings....all the best.
Don
I am curious as to where you are planning on getting the $100,000 per trader when they put up only $1,000-$5,000? Even if you "ignore" all the rules, that would be pretty tough, and you know what has happened to the "intraday loan" people. I imagine that you have an answer for this.
I'm sure wouldn't think that you could expect to raise outside capital for something as extraordinarily risky as this...but perhaps you have another plan....(you do have my curiousity up...I gotta admit).
I'll keep my eyes peeled for your paperwork filings....all the best.
Don