So…sort of as a part of my new year’s resolution – i am now hesitating between 2 potential ideas that i plan to develop – aside from my day job. That is:
Idea no 1: A website which charges just $1 commission for trades on complex financial instruments: Like CFDs, Forex Options, Bonds, etc.
Problems with this idea: At least a few hundred thousands to start with since even a license in Antigua and Barbuda for such thing would cost $50k + and i need also substancial capital to cover leverage. But i have just about $40k to start with and my credit rating isn’t good to hope for a bank business loan.
Idea no 2:
A professional finance software program: which tries to predict stock prices via neural networks. The same program will test strategies on historical data and calculate things that aren’t available online: Like SABR volatility or Bond option prices.
Problems: Do people really need such things? I guess most traders are cocky enough to believe that they need only a chart and a wikipedia article to become a succesfull trader?
So…what do you think? Any advice will be of great help!
Interesting ideas. If you need investors, let me know. I’m always interested in putting some of my money in ideas like these.
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