UK trader Raj Gill turned £7k into £7million in two years | Forex Factory

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UK trader Raj Gill turned £7k into £7million in two years

  • #1
  • First Post: May 20, 2011 12:45pm May 20, 2011 12:45pm
How the hell is this even possible? Insane leverage? Highly effective scalping? .

Here is his story...

http://business.timesonline.co.uk/to...cle6255945.ece
  • #2
  • May 20, 2011 1:10pm May 20, 2011 1:10pm
...

He worked the UK and US markets simultaneously, starting at 8am and finishing at 9pm. In court it was said he had made more than 100 transactions even on his wedding day.

...
Congratulations ScalaFX for coming out of the closet!
  • #3
  • May 20, 2011 1:44pm May 20, 2011 1:44pm
also it has been suggested it was during the dot com boom. so, basically, scalping when any monkey could spin a profit.
Congratulations ScalaFX for coming out of the closet!
  • #4
  • May 20, 2011 1:57pm May 20, 2011 1:57pm
Nice ending to the story. He must be a great trader.
  • #5
  • Last Post: May 20, 2011 2:00pm May 20, 2011 2:00pm
Quoting nubcake
also it has been suggested it was during the dot com boom... when any monkey could spin a profit.
Internet stock mania created some huge gains (+2000%-2500%) between
Jan 1998 and Dec 1999 for 'hot' companies.

Yahoo, Amazon, CMGI, ...so many others I can't even remember.

He probably had 10-1 margin (or more) to day trade,
and aggressively reinvested in some 'skyrocketing' names.

This was before the rule changes in the US (daytrading) and decimalization of pricing.

It was a rare time. I daytraded at a proprietary firm then myself.
I was a terrible trader but still managed to make ridiculous money.
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