Why would a pro firm charge to train a newbie?

Exposing Wall Street Hucksters


Why do they have to rip off the newbie? Why not make an agreement that has the new trader blow all his/her money in commissions?

It stinks that "they" charge $$ to teach and very few are successful.

I think the best traders are self taught.
:cool:
 
Originally posted by trader963
Exposing Wall Street Hucksters


Why do they have to rip off the newbie? Why not make an agreement that has the new trader blow all his/her money in commissions?

It stinks that "they" charge $$ to teach and very few are successful.

I think the best traders are self taught.
:cool:

Do the casino's in Vegas and Atlantic City charge $$$ to teach newbies how to gamble?

Don't they give them free lessons, free booze, free food, and free chicks until they have completed their "training?"

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