Traders: Millions by the minute. BBC i Player
Discussion
Hoofy said:
Maybe. Let me check. *rewatches the first bit*
Ok, yep. Traded for over 4 years, now manages more than a million pounds. How much would he take? He seems to be boasting reward to risk ratios of what looks like 4 to 1 and he's doing a lot of intraday. Am guessing he'll risk the textbook 1% per trade which makes that £10k. If we generously assume he gets 50% of trades right and he averages 2 to 1 R/R he'll make a guestimated £5k a day if he takes just one trade a day. So that's £1,250,000 profit? 10% commission? £125,000 a year salary. Could easily get his own flat in the Midlands if he's been trading for 4 years. I admit my figures are just pie in the sky so maybe he's busting his arse all day and night in front of the screens for £5 a day commission.
On those sort of figures (a 125% annual return), they would go from a million pounds to about a trillion pounds in 17 years. Not many have done that! Ok, yep. Traded for over 4 years, now manages more than a million pounds. How much would he take? He seems to be boasting reward to risk ratios of what looks like 4 to 1 and he's doing a lot of intraday. Am guessing he'll risk the textbook 1% per trade which makes that £10k. If we generously assume he gets 50% of trades right and he averages 2 to 1 R/R he'll make a guestimated £5k a day if he takes just one trade a day. So that's £1,250,000 profit? 10% commission? £125,000 a year salary. Could easily get his own flat in the Midlands if he's been trading for 4 years. I admit my figures are just pie in the sky so maybe he's busting his arse all day and night in front of the screens for £5 a day commission.
I can't believe that bbc broadcast the two Birmingham guys... This is a well known scam
Firstly they are not tearing they are spread betting, worse they are suggesting that a demo account is a representation of real trading, it's isnt!
On a demo account you can do what you like with stops, collars, shutting down positions if they go against you, in the real world it's not that simple..... Especially when you factor in deliberate slippage, greying out of screens over announcements... all the spread betting companies do this, they exist purely for the owners to make money, not the punters!
Beware anyone trying to get you into handing them cash based on what they show you on a demo screen, the Football guys asset manger should be fired immediately!
If in doubt consult a regulated advisor and report the bloggers to the FCA, at best this is an unregulated collective investment fraud, or it could just be fraud....
Interestingly at the end when they were showing their facebook boast of footballers they had as clients a screen shot that they didn't comment or dwell on showed their negative performance....
I hope the FCA track them down
Firstly they are not tearing they are spread betting, worse they are suggesting that a demo account is a representation of real trading, it's isnt!
On a demo account you can do what you like with stops, collars, shutting down positions if they go against you, in the real world it's not that simple..... Especially when you factor in deliberate slippage, greying out of screens over announcements... all the spread betting companies do this, they exist purely for the owners to make money, not the punters!
Beware anyone trying to get you into handing them cash based on what they show you on a demo screen, the Football guys asset manger should be fired immediately!
If in doubt consult a regulated advisor and report the bloggers to the FCA, at best this is an unregulated collective investment fraud, or it could just be fraud....
Interestingly at the end when they were showing their facebook boast of footballers they had as clients a screen shot that they didn't comment or dwell on showed their negative performance....
I hope the FCA track them down
RIDA76 said:
Firstly they are not tearing they are spread betting, worse they are suggesting that a demo account is a representation of real trading, it's isnt!
I didn't notice the bit about demo account!I thought they were doing retail FX, though, demo or otherwise rather than spreadbetting. Either way, I was suspicious.
NewNameNeeded said:
Hoofy said:
you can't have distractions when making a trading decision.
Have you been on a trading floor?!? Distractions aplenty!!
RIDA76 said:
I can't believe that bbc broadcast the two Birmingham guys... This is a well known scam
Firstly they are not tearing they are spread betting, worse they are suggesting that a demo account is a representation of real trading, it's isnt!
On a demo account you can do what you like with stops, collars, shutting down positions if they go against you, in the real world it's not that simple..... Especially when you factor in deliberate slippage, greying out of screens over announcements... all the spread betting companies do this, they exist purely for the owners to make money, not the punters!
Beware anyone trying to get you into handing them cash based on what they show you on a demo screen, the Football guys asset manger should be fired immediately!
If in doubt consult a regulated advisor and report the bloggers to the FCA, at best this is an unregulated collective investment fraud, or it could just be fraud....
Interestingly at the end when they were showing their facebook boast of footballers they had as clients a screen shot that they didn't comment or dwell on showed their negative performance....
I hope the FCA track them down
They claim to now be FCA regulated.Firstly they are not tearing they are spread betting, worse they are suggesting that a demo account is a representation of real trading, it's isnt!
On a demo account you can do what you like with stops, collars, shutting down positions if they go against you, in the real world it's not that simple..... Especially when you factor in deliberate slippage, greying out of screens over announcements... all the spread betting companies do this, they exist purely for the owners to make money, not the punters!
Beware anyone trying to get you into handing them cash based on what they show you on a demo screen, the Football guys asset manger should be fired immediately!
If in doubt consult a regulated advisor and report the bloggers to the FCA, at best this is an unregulated collective investment fraud, or it could just be fraud....
Interestingly at the end when they were showing their facebook boast of footballers they had as clients a screen shot that they didn't comment or dwell on showed their negative performance....
I hope the FCA track them down
http://instagram.com/p/rm0ci2Dg1v/?modal=true
instagram.com said:
Now we're FCA Regulated. Welcome to the big league, it's time to step it up a notch!
BlackLabel said:
They claim to now be FCA regulated.
"Now we're FCA Regulated. Welcome to the big league, it's time to step it up a notch!
Do we know their full names so we can check the FCA site?: https://www.fsa.gov.uk/register/indivSearchForm.do"Now we're FCA Regulated. Welcome to the big league, it's time to step it up a notch!
No sign of "Jusco"
BlackLabel said:
RIDA76 said:
I can't believe that bbc broadcast the two Birmingham guys... This is a well known scam
Firstly they are not tearing they are spread betting, worse they are suggesting that a demo account is a representation of real trading, it's isnt!
On a demo account you can do what you like with stops, collars, shutting down positions if they go against you, in the real world it's not that simple..... Especially when you factor in deliberate slippage, greying out of screens over announcements... all the spread betting companies do this, they exist purely for the owners to make money, not the punters!
Beware anyone trying to get you into handing them cash based on what they show you on a demo screen, the Football guys asset manger should be fired immediately!
If in doubt consult a regulated advisor and report the bloggers to the FCA, at best this is an unregulated collective investment fraud, or it could just be fraud....
Interestingly at the end when they were showing their facebook boast of footballers they had as clients a screen shot that they didn't comment or dwell on showed their negative performance....
I hope the FCA track them down
They claim to now be FCA regulated.Firstly they are not tearing they are spread betting, worse they are suggesting that a demo account is a representation of real trading, it's isnt!
On a demo account you can do what you like with stops, collars, shutting down positions if they go against you, in the real world it's not that simple..... Especially when you factor in deliberate slippage, greying out of screens over announcements... all the spread betting companies do this, they exist purely for the owners to make money, not the punters!
Beware anyone trying to get you into handing them cash based on what they show you on a demo screen, the Football guys asset manger should be fired immediately!
If in doubt consult a regulated advisor and report the bloggers to the FCA, at best this is an unregulated collective investment fraud, or it could just be fraud....
Interestingly at the end when they were showing their facebook boast of footballers they had as clients a screen shot that they didn't comment or dwell on showed their negative performance....
I hope the FCA track them down
http://instagram.com/p/rm0ci2Dg1v/?modal=true
instagram.com said:
Now we're FCA Regulated. Welcome to the big league, it's time to step it up a notch!
Interestingly looks they have been struck off
https://www.companiesintheuk.co.uk/ltd/jusco-inves...
hahhha ha ....... innit blud...
w
kers
https://www.companiesintheuk.co.uk/ltd/jusco-inves...
hahhha ha ....... innit blud...
w
kersInterestingly looks they have been struck off
https://www.companiesintheuk.co.uk/ltd/jusco-inves...
hahhha ha ....... innit blud...
wkers
https://www.companiesintheuk.co.uk/ltd/jusco-inves...
hahhha ha ....... innit blud...
w
kersRIDA76 said:
Interestingly looks they have been struck off
https://www.companiesintheuk.co.uk/ltd/jusco-inves...
hahhha ha ....... innit blud...
wkers
Funnily, I see no red AMG. I guess they were out buying more Cristal.https://www.companiesintheuk.co.uk/ltd/jusco-inves...
hahhha ha ....... innit blud...
w
kersJust rewatched the Justyn and Akil bits. They were extremely careful to blur anything which could identify them. Their 'company' is called Jusco Capital according to their headed paper. They didn't show an address or company number.
However a Companies House check confirms that Jusco Investments Ltd was incorporated on 13/10/11 with a registered address of
8 GRESLEY GROVE,
ERDINGTON,
BIRMINGHAM,
WEST MIDLANDS,
B23 7PS
One director: Justyn James Allen
Now dissolved.
Three new companies have recently sprung up with the same director: Jusco Financial Ltd, Crenshaw Trading Ltd and The Hundred Financial Ltd
None have filed any accounts (according to companycheck) or are FCA registered according to the FCA site.
Doesn't look too promising.
However a Companies House check confirms that Jusco Investments Ltd was incorporated on 13/10/11 with a registered address of
8 GRESLEY GROVE,
ERDINGTON,
BIRMINGHAM,
WEST MIDLANDS,
B23 7PS
One director: Justyn James Allen
Now dissolved.
Three new companies have recently sprung up with the same director: Jusco Financial Ltd, Crenshaw Trading Ltd and The Hundred Financial Ltd
None have filed any accounts (according to companycheck) or are FCA registered according to the FCA site.
Doesn't look too promising.
The 911 guy Charlie Burton is clearly a salesman. Do some research on him, www.ezeetrader.co.uk, he seems to have been FCA registered to Wallwood Consulting Ltd. https://www.fsa.gov.uk/register/indivBasicDetails....
He also sells trading systems on the ezeetrader website
He also sells trading systems on the ezeetrader website
dom9 said:
I know one of the partners (the guy leaning over the computer) quite well - he's done well out of it and is often on TV doing financial analysis and discussion!
Interesting and balanced documentary I thought!
Amplify trading? Might it be a decent course? seems like they run the course alongside trading themselves, so the course fees probably cover a lot of the overheads of the offices/systems, £1600 a month for three months with a min commitment of 1 month, anyone been on one of these courses?Interesting and balanced documentary I thought!
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