Hi Everyone,
I have a questions + short poll i would like you to answer and participate in.
First here are some assumptions we are using for this questioner/poll
The industry statistics say that most traders fail (90-95% blowup their account within 2-4 months) and will lose their money
Market Makers such as FOREX.COM, GFT etc (NOT ECN's type hotspot, currenex or similar),make money when traders lose money- the amount of money made is based on how often they hedge their positions vs. total clients positions
Some brokers use STP i.e. every order is hedged , in this case the broker only makes money of the bid/ask spread (this is what fxcm uses)
My Questions-
These are targeted at any traders that has some trading experience in forex and understanding on how the business work
Or any trader that has some online marketing experience
1.Would you be interested in becoming a market maker (i.e. you control the spread and can benefit from trades loss/volume ) if the entry fee was around $5,000 (For margin)
2.Would you offer your services to your friends (instead of them going to other brokers)
3.Do you think that such business where you have complete control of the trading term offered (under your brand) will be lucrative for traders?
4.Would you say that traders are more likely to trade knowing that there is a fellow traders offering him the prices then a MM like the above or others