Show your talent by trading with £100,000
If you've ever seen a city trader and thought ‚'I could do that‚' now is your chance to prove it - ten people are being given the chance to train as City traders and receive £100,000 each to put what they have learned into action.
All they need to take part is passion and confidence in their own ability. The experiment is the idea of stock market guru Mike Baghdady who claims that anyone following 21 trading rules can be a success. It is inspired by legendary Chicago trader Richard Dennis who in 1983 bet a friend and fellow trader that trading can be taught to anyone following a set of rules.
Dennis put an ad in The New York Times stating ‚'prior experience is not necessary‚' and took on apprentices including actors, security guards and blackjack players.
Mr Baghdady, a 57-year-old Egyptian-born US citizen, said: ‚"One of the biggest regrets of my life was that I left New York the day before he put the ad in the paper and so I missed the chance to take part. I want people to have the chance to live the dream that unfortunately I couldn't have."
Dennis's proteges were known as the Turtles and the most successful trader was Curtis Faith, 19, who made a personal $31million profit on his initial $1million stake. "I've had an application from a nanny as well as someone with a Harvard MBA", said Mr Baghdady. "You can see the nanny has a real passion for this but we will take absolutely anyone, a Tube driver or whoever."