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FX Trading Pays Off...

  • #1
  • First Post: Mar 7, 2012 6:58am Mar 7, 2012 6:58am
..Especially for this guy...

http://www.dailymail.co.uk/news/arti...-told-MUM.html

Claims he made his fortune trading FX.

'‘Opening his first account with just £500, in one day he’d doubled his money and turned the £500 into £1,100 by trading gold.’


  • #2
  • Mar 7, 2012 8:28pm Mar 7, 2012 8:28pm
Quoting GDR3k
..Especially for this guy...

http://www.dailymail.co.uk/news/arti...-told-MUM.html

Claims he made his fortune trading FX.

'‘Opening his first account with just £500, in one day he’d doubled his money and turned the £500 into £1,100 by trading gold.’


Disgusting! £2 for a Coke.....

http://i39.tinypic.com/24nmqky.jpg


......but at least there was some cheap pussy!

http://i39.tinypic.com/a3m79w.jpg
  • #3
  • Mar 7, 2012 8:29pm Mar 7, 2012 8:29pm
saw that lol alex hope, he will become a celeb soon in the forex world.
  • #4
  • Mar 8, 2012 1:10am Mar 8, 2012 1:10am
If he's an expert trader, my name's Harry Redknap.

He has hired his own PR company and runs courses at the weekend...

You run classes teaching people how to make money on the Foreign Exchange. How did you initially get involved in this?
"These started just with a couple of friends who wanted to learn what they could achieve in their spare time and spread by word of mouth very quickly, I never even had to advertise. In the last 2 years I ran these courses regularly, most weekends, however I don’t run them so often now."

... and for an extra tenner, he'll wash your car and give it good vacuuming.
  • #5
  • Mar 8, 2012 2:06am Mar 8, 2012 2:06am
Quoting triphop

... and for an extra tenner, he'll wash your car and give it good vacuuming.
lol

The guy's obviously made some money but we'll wait to see if he's just another one-trick-wonder like the Timothy Sykes of the trading world. Some of these guys in the City do make some extraordinary money though, and spend it lavishly! People see that kind of excess and naturally want to know more, heck I'd be interested in knowing his approach! From what I've read he seems to focus on economics and trades fundamentals.

Time will tell......


'Excess in the City' is an old documentary worth watching, very entertaining, £700,000 in a day!

Inserted Video
  • #6
  • Mar 8, 2012 3:46am Mar 8, 2012 3:46am
Quoting pipmutt
lol

The guy's obviously made some money but we'll wait to see if he's just another one-trick-wonder like the Timothy Sykes of the trading world. Some of these guys in the City do make some extraordinary money though, and spend it lavishly! People see that kind of excess and naturally want to know more, heck I'd be interested in knowing his approach! From what I've read he seems to focus on economics and trades fundamentals.

Time will tell......


'Excess in the City' is an old documentary worth watching, very entertaining, £700,000...
Pip, pip, pip! I can tell you his approach now, it involves a deal with a champagne company, a PR agency, a nightclub, a photographer and bit of planning. Not sure it'll help you trade mind you.

Good call on the doc, will check it out.
  • #7
  • Mar 8, 2012 4:20am Mar 8, 2012 4:20am
Quoting triphop
Pip, pip, pip! I can tell you his approach now, it involves a deal with a champagne company, a PR agency, a nightclub, a photographer and bit of planning. Not sure it'll help you trade mind you.
Trade? To heck with trading, gimme the champagne, the nightclubs, and the cheap pussy!

  • #8
  • Mar 8, 2012 4:38am Mar 8, 2012 4:38am
That's all covered in module two
  • #9
  • Mar 8, 2012 4:54am Mar 8, 2012 4:54am
Quoting triphop

That's all covered in module two
  • #10
  • Mar 8, 2012 4:56am Mar 8, 2012 4:56am
Quoting pipmutt
Disgusting! £2 for a Coke.....

http://i39.tinypic.com/24nmqky.jpg


......but at least there was some cheap pussy!

http://i39.tinypic.com/a3m79w.jpg
LMAO.. I didnt spot that at first.. classic
  • #11
  • Apr 5, 2012 12:11am Apr 5, 2012 12:11am
This guy is a doughnut of biblical proportions.

http://www.telegraph.co.uk/finance/f...ng-scheme.html

Who'd have thought.
  • #12
  • Apr 5, 2012 12:21am Apr 5, 2012 12:21am
So he's getting done for trading other peoples money and not his own, which requires him to be registered with the FSA?
  • #13
  • Apr 5, 2012 1:33am Apr 5, 2012 1:33am
Quoting GDR3k
So he's getting done for trading other peoples money and not his own, which requires him to be registered with the FSA?
Three likely options - ponzi-type scheme, soliciting clients without accreditation and claiming returns he never achieved. The usual.
  • #14
  • Apr 5, 2012 1:42am Apr 5, 2012 1:42am
Quoting GDR3k

So he's getting done for trading other peoples money and not his own, which requires him to be registered with the FSA?
Very grey area, there's a difference between trading other people's money and offering clients financial investment advice. According to one FSA advisor I spoke to a number of years ago the former doesn't require authorization whereas the latter does. It seems Alex Hope was doing both.....and more by the looks of it!

Not a good year for Cruddas so far! I met him once when I was reviewing CMC's new trading platform, formidable character, reminded me of Reggie and Ronnie (who fortunately I never met lol!)
  • #15
  • Apr 5, 2012 1:48am Apr 5, 2012 1:48am
Quoting pipmutt
Very grey area, there's a difference between trading other people's money and offering clients financial investment advice. According to one FSA advisor I spoke to a number of years ago the former doesn't require authorization whereas the latter does. It seems Alex Hope was doing both.....and more by the looks of it!

Not a good year for Cruddas so far! I met him once when I was reviewing CMC's new trading platform, formidable character, reminded me of Reggie and Ronnie lol!
My understanding is you can trade OPM under PAMM arrangements up to 5 people without accreditation so long as you don't advertise your returns / solicit clients. Beyond that, you need to start swatting up for your exams. Given 2 years ago he was baking pasties, I'm filling in some obvious blanks.

Pip, you're real name isn't Mad Frankie Fraser is it?!
  • #16
  • Apr 5, 2012 1:55am Apr 5, 2012 1:55am
Quoting triphop

My understanding is you can trade OPM under PAMM arrangements up to 5 people without accreditation so long as you don't advertise your returns / solicit clients. Beyond that, you need to start swatting up for your exams. Given 2 years ago he was baking pasties, I'm filling in some obvious blanks.
They've got some really ambiguous rules and regs on planet FSA, being disbanded apparently.

Seems like Alex Hope's going to be meeting the SFO pretty soon! Not too much vintage champers on the 'ville wine list I imagine!


Quoting triphop

Pip, you're real name isn't Mad Frankie Fraser is it?!


leave awf geezer, ya wanna get ya boat striped?!?
  • #17
  • Apr 5, 2012 2:22am Apr 5, 2012 2:22am
Quoting pipmutt


leave awf geezer, ya wanna get ya boat striped?!?
just checkin you're not old bill send my regards to the firm
  • #18
  • Apr 5, 2012 2:43am Apr 5, 2012 2:43am
Quoting triphop

just checkin you're not old bill send my regards to the firm


They're just out on a blag right now but I'll pass on your regards!
  • #19
  • Last Post: Oct 2, 2020 12:03am Oct 2, 2020 12:03am
It ended well. Wasn't expecting this at all.

https://www.telegraph.co.uk/news/201...ks-spent-cash/
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