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Old 20-03-2008, 12:31   #16
TraderPierre
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Join Date: Nov 2003
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Re: Recruiting : Forex Trader

Good point ampris, I trade platforms now which are US based without any problems. It would also be cheaper for hrmanager's customer, plus he wouldn't be limited to people who want to live in Kansas, they could be anywhere in the world.

I can see a few problems here with the way hrmanager's customer expects to select traders. A competition isn't really the best way to find a consistently profitable trader, in fact it's going to attract completely the wrong type. Overleverage and overtrading are usually the ony way to win these short term trading competitions, and that's not a strategy which performs well in the long term.

Also, with them originally asking for a minimum 5 trades per day probably means they don't understand the market and/or trading, even asking for 1 trade a day is pointless, you can't pressure a trader to find trades when there aren't any, it doesn't work that way. It makes me wonder what kind of returns the trader is expected to produce.

As far as I can see nothing springs out to say this is a scam so I apologize to hrmanager for implying it might have been. I'm not sure how realistic his customer is being though.
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