Mainly for a social environment.
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This would not be a prop firm, but is it a good idea?
- Thread starter cashmoney69
- Start date
Mainly for a social environment.
Quote from ryank:
What would make people come in and pay money every month? What advantage would you have to keep competitors away? What add-on services would you offer? Lots to think about.
Maybe if I was able to find experienced traders, and investors who wouldnt mind sacrificing some of their time to help newb traders, or at least teach them the basics of trading/ investing in a real-time enviroment.
Quote from cashmoney69:
Maybe if I was able to find experienced traders, and investors who wouldnt mind sacrificing some of their time to help newb traders, or at least teach them the basics of trading/ investing in a real-time enviroment.
Our trading affiliate locations and groups essentially provide this type of service, and yes, the traders do like it. However, most growth is from Remote trading with online mentoring, management, etc. all live all day long.
FWIW,
Don
sounds like a good idea, but one of the problems is turnover. most traders will lose money, and when they are out, they will not come back. so you open shop in a large metro area. but then you will compete with prop shops.
The one good idea was to allow your customers to trade FX. FX markets are totally unregulated (no compliance issues) and anyone with enough capital can set up shop. So when you take in commissions, you'll at least make something to cover your expenses. (and it's more than the price of pizza)
The one good idea was to allow your customers to trade FX. FX markets are totally unregulated (no compliance issues) and anyone with enough capital can set up shop. So when you take in commissions, you'll at least make something to cover your expenses. (and it's more than the price of pizza)
I was exploring the possibility of operating a trading cafe with prop trading service.
Revenue will come from food/drink service. We will also set up a sub-LLC under a major prop firm.
I have some investors who will support my idea. One investor has the experience of running a cafe. We know how much is required to run a successful cafe, but we have no experience of running a prop firm. Anyone has ideas how much capital is required to operate a sub-LLC? Any suggestions?
Revenue will come from food/drink service. We will also set up a sub-LLC under a major prop firm.
I have some investors who will support my idea. One investor has the experience of running a cafe. We know how much is required to run a successful cafe, but we have no experience of running a prop firm. Anyone has ideas how much capital is required to operate a sub-LLC? Any suggestions?