question about swift trading

[luckybastard]

Quote from stylelad:

I'm from Eastern Eurpe and working for Swift. We've got 10 percents of made net. Its true. But what other variants for us? Can we trade from our country through any other prop trading firm??As I know only Swift got lots of offices all over the world...Can we trade from our country remotly from home using other brokers or firms?Of cause, we can use http://www.ameritrade.com/ or something like that, bet we need DIRECT ACCESS.So no other variants for us, guys.Only 10%...=(

Lol There are so many competitors out there ... And it is so much easier to join these instead of swift, because with swift you need a special router/line, with others you can just use ADSL (and enjoy a faster/more stable system). You're simply crazy if you keep on trading for 10%, that's modern slavery !

Just a few sites that do the same as Swift, but much better IMHO:

www.titletrading.com
www.gndt.com

 

[stylelad]

thanx man but they got no offices here...

 

[lescor]

Quote from stylelad:

I'm from Eastern Eurpe and working for Swift. We've got 10 percents of made net. Its true. But what other variants for us? Can we trade from our country through any other prop trading firm??As I know only Swift got lots of offices all over the world...Can we trade from our country remotly from home using other brokers or firms?Of cause, we can use http://www.ameritrade.com/ or something like that, bet we need DIRECT ACCESS.So no other variants for us, guys.Only 10%...=(

Have you checked into it? There are professional direct access firms that will let you open an account from almost any country and trade remotely. Put up cash, keep 100% of what you make.

 

[Szeven]

I dont know what the fancy economic term is, but this is exactly what happens with new businesses IMO. When you are new, margins are high, and the early bird cleans up and makes tons of cash. Then others realize "Hey, this guy is making tons of cash and I can do exactly what he does and paymore/offer more/do it for less"

I think as long as people are making money trading and letting the rest of the world know of this insane oppourtunity, its only a matter of time before things improve for the trader.

Peter Beck is cringing in his chair everytime a thread like this comes out.

 

[brandon12]

no wonder the market never moves. you got 20,000 guys from 3rd world country's like china,india,eastern europe,russia trading 100's of millions of shares a day for pennies. take the 1000's of black box guys here and the market might never be volatile again.penny increments and low commissions have destroyed the market. bring back fractions and $20 commissions were stocks ran $5 1000 times a day

 

[freeitaly]

Quote from brandon12:

no wonder the market never moves. you got 20,000 guys from 3rd world country's like china,india,eastern europe,russia trading 100's of millions of shares a day for pennies. take the 1000's of black box guys here and the market might never be volatile again.penny increments and low commissions have destroyed the market. bring back fractions and $20 commissions were stocks ran $5 1000 times a day

you said china was 3rd world country? ²ÙÄãÂè±Æ£¡£¡ come to china,boy£¡ let you see what a 3rd country's man is like£¡£¡

 

[reid5525]

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.

China is a booming capatilist country with some of the smartest businessmen (and women) on the planet. I don't think they would trade for 5-10%.

 

[freeitaly]

Quote from reid5525:

China is a booming capatilist country with some of the smartest businessmen (and women) on the planet. I don't think they would trade for 5-10%.

In China,for a trainee ,you will get 5% or nothing , but for a trader who has already graduate,you will get 10% or more. the most important for us chinese people is that they donot have to pay for it if they lose money.

swifttrade is a wonderful palce to study trading skill for a beginner .

 

[reid5525]

Quote from freeitaly:

In China,for a trainee ,you will get 5% or nothing , but for a trader who has already graduate,you will get 10% or more. the most important for us chinese people is that they donot have to pay for it if they lose money.

swifttrade is a wonderful palce to study trading skill for a beginner .

Got it. So you trade for Swift in China and you put up no capital. You do 30K for the month, and they give you 3K or more. How well can you live on 3-5k in a major Chinese city. Can it get you a Lexus or something decent, and an apartment in the better part of town? I know 5k can buy all that in U.S. and Canada.

 

[itotrader]

you said china was 3rd world country? ²ÙÄãÂè±Æ£¡£¡ come to china,boy£¡ let you see what a 3rd country's man is like£¡£¡

I just came from China, and Yes, it is a 3 world country.
extreme poverty,a billion people living under 14 US dollar a Month and 299.9 million people living with 6 grand a year..
they have a lot of electrical and road problems outside the big cities and a you can see slavery (especially with children under 13) outside the big cities. and everything is Counterfeit..

its a booming country,no doubt abou it..but there are far from being a First world country like sweden,US or France or UK etc etc etc.