Would you pay me?

Quote from michael21:

Because in that scenario I still have to trade, no?

I'm kinda new to this so excuse my naivete but doesn't make it make more sense to go the teaching route? If I can have an average of just 10 traders doing just 10 trades, that is $2,000 a day...Seems like a good idea...
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LOL...Priceless.

Seriously this industry doesn't need a transaction tax, but a tax on every commission generating activity around trading. And a prohibitive one.
 
Quote from michael21:

Why can't I just be a micro Etrade? The same kind of place my friend went to?
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You can not guarantee that people after taking your course will actually trade through you giving you commission.

How can you force them to do so???
 
Michael, even if legally the setup you are after WAS possible, what makes you think people will stick with you after the course. I would happily take your course maybe even open up an account with you and make a couple of trades to keep you happy. And then IF your strategy turns out to be profitable and I havent already lost my money then I will just take my account over to IB and not have to worry about paying you your commish....

(Sorry Pekolo, just say you'd made exactly the same point....)
 
I looked into IB a while ago and if I remember correctly to trade 1000 shares would call something like 10 or $15 minimum round trip anyway this way they get the same commission structure plus the structure of someone who can help them along the way
 
right, so your saying you want to set yourself up as a brokerage?
Thats a pretty big investment there not to mention the time investment involved there....
Some one may correct me here, but seems like there are much easier ways to receive similar returns on your investment......
 
Quote from michael21:

I looked into IB a .... 10 or $15 minimum round trip anyway
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But you want to charge 2-3 times as much with your $20-40 fees.

Again, how make you stay with you AFTER the course???
 
Quote from michael21:

Ok hear me out...

I have a friend who went to a "full service broker" and got charged 80-120 RT for their tips...

I have another friend who went to like online trading academy and their $5,000-$12,000 classes....

What if I were to set up shop and teach my method over a 2-3 week period for FREE and then all I ask is you trade through me for ($20-$40 RT)

Why can't that work?


Thanks
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Why not just ask for a percentage of their profits over the next few years.
 
Don't forget your fees. Running a brokerage isn't cheap and there will be regulations and requirements. KYC alone might cost you millions.
 
Thats why I post here...I'm not aware of what fees I'll have. Like what is KYC? And if it is too expensive, is it possible to like partner with a brokerage firm and then trade through them?
 
Quote from michael21:

Thats why I post here...I'm not aware of what fees I'll have. Like what is KYC? And if it is too expensive, is it possible to like partner with a brokerage firm and then trade through them?
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know your client

Are your customers using your shop to launder money for terrorism or drugs. If they are and you don't do the proper dilligence you can get thrown in jail. I don't know much about this, but if you are running your own brokerage, there is a lot you have to do. If you are an introducing broker I don't know what the requirements are.

Anyway it seems like a lot of work to sell a futures program.

Just charge people $3,000 a lesson and not have to worry about "upkeep"
 
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