£5000 per week?

[67Dino]

Countdown said:

67Dino said:

Countdown said:

In terms of ForEx trading isn’t it the case that for every Trader who’s making a profit there must be another trader making a loss?

Not quite, because not everyone on the currency exchange is trading their own money for profit. The core purpose of the FX marketplace is to allow businesses who need a currency to secure it when they need it, and to manage the cost of doing so.

So if I’m trading for a client, even if they may have made more money holding on to their Dollars, if what they needed to buy components was Yen, then it’s not a trading loss, just a cost of doing business.

Cheers, that makes sense. I suppose my question was more aimed at the "I make £23m a week for doing 5 minutes of work" - types. It does seem like speculation to me (but I am happy to be corrected).

What you say is even more true of online Poker gaming, as there is no underling asset being speculated on, and the range of skill is large. Here, a few percent of players are very skilled and consistently make profit, taking it from all the other, much less skilled players.

[pingu393]

67Dino said:

Countdown said:

67Dino said:

Countdown said:

In terms of ForEx trading isn’t it the case that for every Trader who’s making a profit there must be another trader making a loss?

Not quite, because not everyone on the currency exchange is trading their own money for profit. The core purpose of the FX marketplace is to allow businesses who need a currency to secure it when they need it, and to manage the cost of doing so.

So if I’m trading for a client, even if they may have made more money holding on to their Dollars, if what they needed to buy components was Yen, then it’s not a trading loss, just a cost of doing business.

Cheers, that makes sense. I suppose my question was more aimed at the "I make £23m a week for doing 5 minutes of work" - types. It does seem like speculation to me (but I am happy to be corrected).

What you say is even more true of online Poker gaming, as there is no underling asset being speculated on, and the range of skill is large. Here, a few percent of players are very skilled and consistently make profit, taking it from all the other, much less skilled players.

As someone who has been involved in IT, data analysis and manipulation, I have always wondered how online poker and roulette is trustworthy.

It would be very easy to manipulate the game to pay out on the lowest cost outcome to the house.

[Swern1]

msport123 said:

skinnyman said:

If you live in a decent sized city (London, Manchester, Birmingham etc) I have a method that will earn you around £1000/day, in cash, for around 4-5hrs work.

Of course, this knowledge is worth far more than anyone would be willing to pay for it.

And how would you value your knowledge?

I’d value it at zero.
I think I’d be pretty much spot on

[iphonedyou]

pingu393 said:

As someone who has been involved in IT, data analysis and manipulation, I have always wondered how online poker and roulette is trustworthy.

It would be very easy to manipulate the game to pay out on the lowest cost outcome to the house.

Audit requirements. And not stting on what's, without manipulation, already a profitable doorstep.

[pingu393]

iphonedyou said:

pingu393 said:

As someone who has been involved in IT, data analysis and manipulation, I have always wondered how online poker and roulette is trustworthy.

It would be very easy to manipulate the game to pay out on the lowest cost outcome to the house.

Audit requirements. And not stting on what's, without manipulation, already a profitable doorstep.

I still wouldn't play poker or roulette unless I could touch the cards or the chips. Just my personal thoughts. I'll fold the tin foil very neatly and put it in the drawer along with the rest of my paranoid fantasies.

[Katzenjammer]

Study medicine, become a locum consultant radiologist specializing in breast radiology, sign up with a locum agency, get job in an NHS trust where they struggle to recruit due to geography or the department having the rep as a snake pit, and you could be on £1000/day no problem. Schmooze with the right consultants to get onto a few weekend waiting list rackets, sorry initiatives, at £250/hour. Go 5 mins over your final hour and get the other 55 minutes free! Enquire via PM.

[JulianPH]

Hoofy said:

MrFappyFappy said:

JamieBeeston said:

Learn to kick/bat/club a ball around better than 99.99% of other people!

Otherwise grow up and educate yourself in a career path that could facilitate this easily (Financial or Medical to name a pair!)

I'm 30 years old. I'm too old to be a competitive sportsman, I can't stand blood, disease or death and I'm unwilling to sell my sole and every waking hour as an investment banker.

Certainly, cobblers don't earn £5k a week.

OP - If you are not prepared to put in the work or take any risks (I don't mean illegal ones) then you will never achieve this.

Even if you went down the illegal route you would still have to do the same anyway.