No...it is not that simple...a totally fresh trader does not have an account or track record to prove that he can trade well, also he will require long training,mental discipline.....which a trader acquires after he matures. And the successful trader who has all the above is already making money and is not willing to do 5-6 months apprenticeship with relatively less earnings....fees is not the issue...6 months dedicated time is the catch...
Watching this space with interest as this is a new and welcome concept being tried out....all good wishes to Ankit and other friends who are trying similar ventures....
Smart_trade
Sanjoy, the interest and amazement must be there for sure. The real issue is the risk. With no salary within the training period (which can go into months altogether) many might not be interested in taking that risk.
And many expect the employer to bear the risk of them being complete freshers. This is not a software job where company trains and benches you , still you get your monthly fill.
Thank you ST and Vicky for your responses.
To give an update on the issue, I have practically stopped my search. I have found it the hard way that it is next to impossible to recruit people this way. As pointed out by you both, the problem comes with the attitude. Everyone wants to come and learn, but no one is ready to take the risk.
Here are some of the ridiculous responses I got from people whom I interviewed:
1. I cant move. But I can guarantee you that I am a good trader.
2. I can work from 6AM-11PM and then 3PM-10 PM or other selected timings.
3. I trade Nifty during the day. I will trade Forex from evening.
4. Can I learn part time and get paid too?
5. What is the guarantee that I will make money?
6. Tell me about the future money that I can make?
7. What will be your FUND size in 12 months from now?
8. What will be the FUND size that I will manage?
and many many more such stupid questions. Answers to many of above questions were already in the thread and many other questions were totally irrelevant.
Bottomline was, no one was willing to come ONLY to LEARN and see if there is something good to offer. Everyone...almost everyone wanted a security from me. A secure job..a secure payout and what not. There were enough signs that none of these people can possibly(baring a couple of them) ever become good traders. Or at least they are presently not even close to being trained on HOW TO TRADE.
Learning and implementing a system is probably the last stage that a trader goes through in his career. There are many more lessons that needs to be learnt before someone can actually be taught trading and sadly almost everyone who came to me was not even bare minimum prepared.