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Very interesting site – great to see money being made like this. £5K is a good profit to make but how much were you playing with to start with – you talk about 300 units, but what does that equate to in real money?
Thanks for the comments. The transaction took about £15K to fund and as such returned £5k on that making an ROI of around 33% in 5 minutes in one case and 30 minutes in another. Yes I know there are folks out there who will promise that you could take a $100 stake and make $1500 trading Forex in 24 hours or so.
My only comment is that I have never seen a Broker or Spread Better take on a deal like that offering those sort of returns without some sort of decent margin as deposit and $100 would get you about $2 per pip so that would mean you would have to fund a straight 180 pip movement of which there aren’t too many around at the moment.
Myself and the gang here prefer to follow the guerrilla warfare mode of “move in, strike hard, get out quick” and let the others take the long profits (if they occur).
If you follow my activities on Twitter (username tradingwcs) you will see we returned £30 in half an hour this afternoon (10th Feb) and also a couple of hours later returned £40K in five minutes using the same stake money. Yes it all required about £30K to fund but effectively doubled our money over a very short period of time.
The point here is that we have been doing this for some time and the point to kmake also is that these percentage returns can be had even with small stakes (as we would recommend to new traders) and that is what is important. Everybody has to start somewhere and we filmed an exercise a couple of weeks ago whereby we traded a $1400 account to over $6,000 in two days.
To start with anything less than $1400 is probably not sensible as you have to allow yourself enough margin for error otherwise youmwill never trade comfortably if you have the nagging suspicion that the wrong move can take your entire operation down.
Hope this helps and follow and get in touch via Twitter if you have any other enquiries.
February 8th, 2009 at 10:18 am
Very interesting site – great to see money being made like this. £5K is a good profit to make but how much were you playing with to start with – you talk about 300 units, but what does that equate to in real money?
February 12th, 2009 at 9:32 am
Hi Luke
Thanks for the comments. The transaction took about £15K to fund and as such returned £5k on that making an ROI of around 33% in 5 minutes in one case and 30 minutes in another. Yes I know there are folks out there who will promise that you could take a $100 stake and make $1500 trading Forex in 24 hours or so.
My only comment is that I have never seen a Broker or Spread Better take on a deal like that offering those sort of returns without some sort of decent margin as deposit and $100 would get you about $2 per pip so that would mean you would have to fund a straight 180 pip movement of which there aren’t too many around at the moment.
Myself and the gang here prefer to follow the guerrilla warfare mode of “move in, strike hard, get out quick” and let the others take the long profits (if they occur).
If you follow my activities on Twitter (username tradingwcs) you will see we returned £30 in half an hour this afternoon (10th Feb) and also a couple of hours later returned £40K in five minutes using the same stake money. Yes it all required about £30K to fund but effectively doubled our money over a very short period of time.
The point here is that we have been doing this for some time and the point to kmake also is that these percentage returns can be had even with small stakes (as we would recommend to new traders) and that is what is important. Everybody has to start somewhere and we filmed an exercise a couple of weeks ago whereby we traded a $1400 account to over $6,000 in two days.
To start with anything less than $1400 is probably not sensible as you have to allow yourself enough margin for error otherwise youmwill never trade comfortably if you have the nagging suspicion that the wrong move can take your entire operation down.
Hope this helps and follow and get in touch via Twitter if you have any other enquiries.
Cheers
Steve