question about swift trading

Quote from Trailer_Park:


Interesting comparison about GM and Ford with Swift. Isn't GM the company that almost went under recently?

I got nothing to say in regards to swift but this could be the stupidest thing i have herard all day, why do you think GM and Ford are going under???? cause chinese automakers like honda are paying the equivalent of about 2$ U.S. a day while Ford and GM are getting raped by union workers in Notrth America working on an assembly line making 50k doing work that any idiot could do, you should question not the morality of swift but the morality of your own government and your own companies who are more then willing to exploit your people.
 
Quote from Trailer_Park:

Canadian Swift Traders start at 35% that scales up to 50% if you make big money. From what I understand and please correct me if I'm wrong but the China offices start at 5%-10% and I am not aware of any scale. That's why there are so many offices in China! I believe this to be completely immoral.


Am I understanding this correctly? What your saying is the traders are charged a desk fee, commission per share, then only receive only 10% of their profits???
 
Quote from B1010:

Am I understanding this correctly? What your saying is the traders are charged a desk fee, commission per share, then only receive only 10% of their profits???

Yeah that's pretty much it, except that they are not charged per share but per trade. Wanna sign up?
 
Quote from madmunny:

let me ask you this.....what is minimum wage in China...and what is minimum wage in Canada.....do you think they are comparable?...........NO.......so shut the hell up with your immorality crap about how much a firm pays their "employees" when talking about two different countries........how about you try and post something with some common sense or at least some intelligence behind it.........like say......hhhmmmm, there seems to be a large number of branches opening up in China because....oh say...there is 1 billion people there compared to canada's 30 million......and why do you think GM and Ford have plants in Mexico....could it be because they can pay their employees less and pay less taxes.....ooooo...how immoral........but seems pretty brilliant from a business perspective.....and last time i checked a business person doesnt open a business and risk their own money in doing so to make their "employees" rich.....they do it to make themselves rich.....so please.....again...think before you post something.....try and think to yourself..."what would i do?".......if you opened a 7-11 would you pay your employees 20 bucks an hour...no you'd pay the least amount you could to maintain the level of service you want your business to have.......just like any person who is opening a Swifttrade branch or any other business in China or anywhere else on the planet for that matter!
hey, cool down man.I complitely agree with you, but seems u just didn't get what i meant.I just said that it's not fkn funny when someone have a smaller salary for the same work, and that this guy wouldn't laugh at their place.Yes, maybe i'm a bit communist, but that's it.Still any questions?
 
Perfectly stated.

My first trading job was at Chimera Capital. I was hired with 10 other guys. I was the only white guy - the rest were asians. They are perfect candidates for scalping/churning. Just give 'em 100k in BP and you'll make double that off them in the first year.

Quote from BuddhaTop:

Asians love to gamble. There should be no problem getting new recruits.
 
also : don't ever say "shut the hell up" and same shit to someone, i'll get a punch somewhen.Keep your emotions at yourself, aren't you a trader?
 
Lennox.......1st of all i wasnt talking to you....i was replying to the same post as you from another member of ET so there is no need for you to take offense as it wasnt directed at you......and 2nd..as for the "shut the hell up"......if these people that continue to bash Swifttrade and its practises would stop using false, misleading, inaccurate and totally wrong information to try and make the company look bad for what ever reason....then i would stop telling them to shut the hell up.....all i would like is if someone wants to talk trash about Swifttrade is that they use correct information.......cause as i have stated in a previous post....it is not Swifttade that is "taking advantage" of these Chinese traders.....it is a Chinese business person that opened a Swifttrade branch......not that they are taking advantage of them at all......IMO....which in my world is the only one that really counts! :)
 
A business pays what it takes to get employees. Thats the way free markets work. Swift apparently can get plenty with the deal they are presenting. The asians are not slaves. They can leave if there is a better deal. Saying that it is not fair because traders in another country get more is astonishingly ignorant, even for a communist.
 
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