Forex for a trader
Joe lewis forex

Joe lewis forexAn anatomy of two recent UK Ponzi schemes – Beginning, Middle and End. Charles Ponzi’s legacy lives on, in both the UK, as well as across the globe. As long as ordinary investors willingly hand over their savings to anyone that appears to be a professional fund manager, without even so much as a review or due diligence, then this type of fraud will continue to prevail on the investment landscape. Unfortunately, many Ponzi schemes start out as legitimate enterprises, typically hedge funds, but morph into fraud once the fund manager is unable to meet investor expectations. This type of investment fraud has been around for hundreds of years, but it fastened upon its recent name when Charles Ponzi became famous for his international postage arbitrage proposition in 1920. He promised high returns, using his proprietary, but complex, technique. This ruse requires complexity to lure in the uniformed and make them believe that outrageous returns can be had. When the expected returns do not materialize, then future investors must be sought out. The new funds will pay for returns and withdrawals of earlier investors, along with the manager’s rather sizeable cut for himself. Happy investors tend to spread the word, and as long as monthly reports look favorable and the total fund liability keeps expanding, then these deceptions can perpetuate themselves for lengthy periods of time before they unravel. The problem is that law enforcement authorities cannot uncover these operations early unless there are ample complaints from investors that lead to fruitful investigations. If the promoter is clever, he will pride himself on customer service, never allowing a client to become disgruntled. If the law does not detect the fraud in process, then these Ponzi schemes usually end in one of three ways. First, when the conman has had enough, he will vanish with any remaining funds. The disappearing act can make big headlines, as worried investors cannot believe the reality that unfolds. In the second case, the fraudster just runs out of money. It happens. If he cannot convince and avalanche of new investors to jump onboard and he has already blown the bulk of the proceeds on paying for his extravagant lifestyle, then the party is over.

Lastly, when market conditions take a turn for the worse, investor withdrawal requests can swamp a promoter. The resulting liquidity crunch forces a spotlight on his nefarious operation, large enough for the law to take immediate action. The largest Ponzi scheme on record goes to Bernie MaDoff, topping out at nearly $20 billion, while more aggressive estimates have actually hit multiples of that figure. Bernie started out as a legitimate investment firm in the sixties, but came crashing down in 2008 after the Great Recession caused a run on his fund. His deception was a playbook of the typical characteristics: continuous higher than market returns, fraudulent monthly accounting statements, expansion spurred on by word-of-mouth, funding early investors with funds from new investors, and a lavish lifestyle for himself and his family. Court documents revealed that Bernie’s scam may have lasted forty years before detection. Unfortunately, this one major triumph in the annals of crime has now convinced every high and low level hoodlum in the universe that the best riskreward ratio for a fraudulent enterprise has to be that for a Ponzi scheme. Over the last seven years, regulators and the law have shut down a multitude of this type of investment scam. Post-MaDoff, analyst estimates for total Ponzi scheme fraud in the Americas has been in excess of $50 billion. If you include Europe and Asia, you could easily treble that number. Ponzi schemes are definitely on the rise, and, due to the complexity of foreign exchange trading, our industry offers just the right formula for Ponzi to work at all levels. Do investors ever get any of their money back? Unfortunately, as we reported in an article a year ago, “After fines and court costs, investors rarely see as much as 20 cents on the dollar, but hope does spring eternal.

The sad part for investors, however, is when they receive a notification from the bankruptcy judge that many of the Ponzi-type interest and principal payments must be returned to the court, a process referred to as “clawbacks”. Ironically, you instantly become a defendant in a case where you had been victimized.” Many of today’s Ponzi promoters appear to be content with quick hit-and-run schemes, especially when it comes to forex fraud. Yes, there are still the larger operations that target millions and more, but the degree of Ponzi uptake has spread across all spectrums of capital loss, from a few thousand up to several million Dollars, Pounds, or Euros, take your pick. Alex Hope and Joe Lewis are just two names that will live in infamy in this area. Both individuals got their starts in London and took off from there. The former set his sights on ?5.5million, while the latter is said to have been a currency trader that vanished with over ?130 million in investors’ cash. Perhaps, these two stories will make you think twice before allowing any fund manager to have total control over your investment capital. Alex Hope, a 25-yearold whiz kid, simply said, “Currency is my passion!” Formerly a caterer at Wembley Stadium events, Alex Hope was going nowhere fast on the London scene. He quickly glommed onto forex trading as a worthy pursuit, after reading two books on the topic during his morning and afternoon commutes. He switched jobs to a local Forex Academy training company and launched a PR campaign that proclaimed himself to be a boy wonder. In his own words, “In two to three months, I managed to teach myself what I would have learnt from a three-year course.

Who would have thought I would become a trader in the City? Certainly not me. In a year or two, I’d like to set up my own mini hedge fund.” His publicity campaign and website worked. Money soon came flowing in, enough to now finance a short film about Master Hope’s trading prowess. Court papers disclosed that, while the film was being made in 2012, Hope actually recorded losses in excess of ?500,000. Withdrawals also followed to fund his already extravagant lifestyle. According to the trial prosecutor, “He promised investors and potential investors huge returns. In truth this was not a real trading scheme at all. It was a classic Ponzi fraud. He used their funds as his personal piggybank. A massive amount was spent on himself. The investors who put in the money in good faith had no idea this was happening.” Evidence in court demonstrated that Hope had “spent over ?1million in a casino, over ?200,000 on designer watches and shoes, ?60,000 on foreign travel and ?600,000 in bars and nightclubs in London, Miami and New York.” On one occasion, he earned the title of “King Popper” after popping the cork on a ?125,000 a bottle of champagne – a Nebuchadnezzar, which held 15 liters. If Hope did have a talent, it was in finding ways to blow a large amount of money in a short period of time. He was arrested in 2012 after running through an estimated ?2 million in one year.

What little money Hope did trade only amounted to more losses. He is currently serving out a seven-year jail sentence. According to officials at the Financial Conduct Authority (FCA), “Hope’s sentence is the joint longest ever imposed as a result of a prosecution by the FCA.” Even at this stage, Hope denies any wrongdoing, except that he never obtained the necessary licenses required to do business in this arena. He will most likely be greeted with hefty fines when he gets out of prison, as well. The lesson for all is to Validate your manager’s certifications and be wary of marketing spiels from inexperienced managers. Joe Lewis and JL Trading – How a name can bilk investors out of ?130 million. If there is a British version of Bernie MaDoff, then it would have to be Joe Lewis and his JL Trading empire gone bust. There is another Joe Lewis, a famous forex trader and multi-billionaire that resides in the Bahamas and acts through the Tavistock Group, and who also owns the Tottenham Hotspur FC. The other Joe Lewis and JL Trading are not affiliated with the former in any way. He operates out of Istanbul, until his recent arrest. As reported in April 2015, “The 60-year-old was arrested in East Yorkshire by detectives on suspicion of fraud by false representation and money laundering and is currently being questioned in a local police station.

” Mr. Lewis of JL Trading is reputed to have recorded foreign exchange trading losses approaching ?100 million by 2009 and then went about attempting to recover his losses via a private investment club. He primarily solicited high-net-worth individuals, starting in 2011. The minimum investment amount was ?16,000 or $25,000. These investors were promised annual returns of up to 36 percent, a dead giveaway that something nefarious was afoot. It now appears that all of these funds were lost, as well, but the source of the losses is not understood. Mr. Lewis has admitted his inability at making his investment strategies pay off, but at the end of the day, the assets are gone and there is very little to speak of. In a message to nearly 1,000 investors, eerily MaDoff-esque in its delivery, Lewis wrote that, “Whilst I regret some of the things I have done, I will do my best to remedy this situation. Please note, I have covered up my mistakes from everyone including my staff, no one else knew what was happening.” Mr. Lewis’s son, James, is just one of people that is confused by the entire affair: “He didn’t live extravagantly. I don’t know where the money’s gone. I am happy to share information with the legal entities. Everything he had is ruined. There are no assets at all that I am aware of.” The wheels of justice are moving slowly on this matter, but jail terms and fines will certainly be the long-awaited outcome. As for Mr. Lewis, he has no way “to remedy this situation.

” Where the money went is still a mystery. The lesson: Be sure you know whom you are dealing with before handing over your life’s savings! Yes, Ponzi schemes are alive and proliferating across the planet. If you have not been approached or told by someone you trust that they have the greatest forex trader known to mankind, then keep a watchful eye. Ponzi schemes are bilking investors everyday. To be forewarned is to be forearmed! What is in a name? Has anyone heard of Joe Louis? For the average man on the street, the name “Joe Louis” immediately conjures up thoughts of a great prizefighter that established his reputation in the ring with nothing more than his guile and fists. In the trading world, however, Joe Lewis is quite another story.

Known for accumulating millions in the “trading” ring, this other Joe Lewis definitely has “name cache” that, in the marketing world, can mean global brand power. When a new forex broker by the name of “Joe Louis Trading” sprang up recently in Turkey, it is not that difficult to surmise that many in the trading community were impressed, attracted, and then confused, a sure sign of a scam in the making. “Confused” may be too gentle a word to use at this point. A cursory review of forex blog sites reveals a host of irate traders that feel deceived and that are out for blood. The word “scam” is bandied about more often than not, and this band seems bent on driving this broker out of business and out of town on the next train. The furor has reached such a heated level that the Turkish firm has changed its name to “JL Trading”, posted a disclaimer on its home page refuting any association with the other Joe Lewis, and has restricted access to its services to “Members Only”, a turn off for anyone arriving there. Who is the Joe Lewis of trading fame? According to a popular Internet information website, “Joe Lewis (born 5 February 1937) is a British businessman who currently lives in New Providence, Bahamas. Lewis’ total wealth is estimated at $4.2 billion, and he is listed as the 308th richest person on Forbes’ List of billionaires (2013).

Forbes reports that Lewis is the ninth wealthiest person in the UK. After selling the family business in the late 1970s, Lewis moved into currency trading in the 1980s and 1990s, resulting in his move to the Bahamas where he is now a tax exile. In September 1992, Lewis teamed up with George Soros to bet on the pound crashing out of the European Exchange Rate Mechanism. The event, which was dubbed Black Wednesday, made Lewis very wealthy, and some say he made more than Soros. Lewis is still an active FX trader.” This “Joe” actually spells his name differently, but, as one of the richest mean in the world, it is easy to see that an association with him in any fashion might cause a stampede of potential customers to the door of a new broker. The Bahamas, however, is a far cry from Istanbul, and, as the JL Trading website now professes, “”Neither JL Trading nor any of its investments are associated or affiliated with the Bahamas-based investor Joe Lewis or the Tavistock Group.” What do we know about JL Trading or any of its prior names? As for the confusing naming conventions, the old web address, “joelewis-trading. com”, has an additional disclaimer of note: “The founder of this business is Joseph Lewis, who is not connected in any way with the other person of the same name.

” The site then refers you to the JL Trading web address. No information is available on either website, and potential customers are left to ponder whether this firm is for real or just another scam to be avoided. When protecting yourself from a potentially fraudulent broker, you are always your first and last line of defense. Careful due diligence and skepticism are your best weapons, especially if you are contemplating a broker that operates in a foreign jurisdiction where enforcing your legal rights are near to impossible. The fact that JL Trading will not allow access to their site unless you provide personal information is a requirement that is extremely rare in this industry and one that should raise suspicions at the outset. The only path to follow at this point is to check the public record for comments. What does the public record say about JL Trading? The Internet has been of great value to the trading community, but it has also distorted our ability to establish trust with a potential business partner, the basis for any well functioning relationship, no matter what the venue. Anonymity has also engendered a culture of heaping abuse when wronged, without any rules guiding the discourse in the way of actual evidence.

In other words, the “public record” is suspect from the get go. When a firm is attacked, the negative comments can seem outrageous, while the positive comments may seem proffered by an employee of the accused. The reader must become judge and jury in this highly unregulated courtroom drama. In the case of JL Trading, here are a few of the pertinent comments on the web: The art of the trade: On Joe Lewis’s 250-foot yacht. Joe Lewis isn’t afraid of risk. That’s one thing his Lake Nona investment makes clear–as does a tour of his 250-foot yacht, Aviva , while it was docked at Albany, his ultraluxe residential and golf development in Nassau, Bahamas. (Tiger Woods is a partner.) I quickly realized that Lewis could probably fund Lake Nona forever simply by selling the art housed on this floating museum. He’s a top collector of modern and contemporary art, and I came nose to nose with a Picasso, a Klimt, a Lucian Freud, a Cezanne, a Chagall, and a Modigliani. I couldn’t help wondering what a freak wave would do to the global art market–and what his insurance bill looks like. The collection will soon have a new home: Lewis is building a larger (300-foot) boat, which will feature a court for his passion, padel tennis (a mix of squash and tennis).

Lewis himself is surprisingly approachable. A slight but fit 78-year-old with a bit of a Cockney accent, he showed me around with a schoolboy’s pride. In addition to the art, the yacht, decorated in royal reds and golds, boasts a starkly modern office, complete with a Bloomberg terminal and multiple trading screens. Lewis trades here every day. He says he tends to bet on liquid currencies such as the pound or the yen. In April he told me that the euro was too high and that the dollar would stay strong for a while. “Being a trader means that you are wrong at the very least three times out of 10,” he says, “and that is very hard.” At this point in his life, Lewis says he doesn’t want to do anything that’s not worth it. Lake Nona, he says, is iconic–and that’s what makes him happiest. “We’re not good at mediocrity,” he says. This story is from the June 30, 2014 issue of Fortune . How Currency Trader Joe Lewis made his Fortune.

Joe Lewis is one of the best-known names in the currency trading industry today, and undoubtedly one of the sector’s most successful business icons. It is estimated that Joe Lewis’ personal wealth is approximately $3.2 billion – his private art collection alone accounts for $200 million. At the age of 74, Joe Lewis is ranked among the wealthiest people in the world; he lives in the exclusive gated community of Lyford Clay in the Bahamas, and a typical “day at the office” means boarding his 223-foot superyacht, the Aviva, which is the world’s longest motor yacht, and his own mobile workplace! Joe Lewis has certainly earned an industry-wide reputation to accompany his personal fortune – but where did his career start? From Catering to Currency. Joe Lewis was born in the town of Bow, London – a far cry from the exotic luxury home he now occupies in the Bahamas. At the age of 15, Lewis had to leave school to work as a waiter at Tavistock Banqueting, his father’s catering business. Waiting tables might sound like a thankless menial job to most of us, but for Joe Lewis is turned out to be a springboard to a long and illustrious career. Lewis eventually took over the family business and managed to expand it significantly before selling it in 1979. From there, he took up currency trading and began building his fortune.

If you’ve just started using a forex demo account, you may be interested to know that Joe Lewis gained a great deal of wealth through currency trading. Most notably, Joe Lewis and forex legend George Soros each made a small fortune in 1992 when they bet on the UK Pound being withdrawn from the ERM – an event now famously known in the currency exchange industry as Black Wednesday. The event earned Soros a staggering profit of around $1 billion, and some industry insiders believe that Joe Lewis made an even larger profit. Current Career. Today, billionaire Joe Lewis is known as the founder of Tavistock Group, a world-renowned private investment company. Tavistock Group now owns more than 175 companies around the globe, ranging from the property sector to the sports sector. Joe Lewis also owns a number of luxury golf clubs and acts as the host of the annual two-day golf tournament known as the Tavistock Cup. The tournament has donated millions of dollars to charitable causes over the years. The world of currency trading might seem a little daunting at first, but forex trading brokers will assure aspiring that great rewards are possible with the correct guidance. With icons like Joe Lewis to inspire today’s traders, it’s no wonder currency trading is rapidly growing in popularity. Nicky Warner is an enthusiastic blogger looking to share news and information online with fellow writers.

Meet Joe Lewis - The $200 Million "British Madoff" In an oddly familiar echo of Bernie Madoff's massive ponzi collapse, The Telegraph reports, a currency trader has vanished along with ?130 million in investors’ cash in an alleged fraud that could be one of the biggest in recent British history . Joe Lewis, 59, is being investigated by police over almost $200 million which he claimed was in clients’ accounts (incluidng professional footballers and golfers) but now no longer exists. In a stunning email sent to clients 2 weeks ago, Lewis admitted that his company - JL Trading - had stopped operating in 2009 (after suffering heavy losses on disastrous FX trades), adding that "I have covered up my mistakes from everyone including my staff, no one else knew what was happening." The father of two has since failed to answer emails and phone calls, and at his Istanbul apartment a doorman said he had not been seen for a few weeks. In an email sent a month earlier – in response to growing concern from investors trying to get their money out – he claimed that his company was having “a stressful time” releasing $197 million (?126 million) from American brokers because of US red tape. Mr Lewis admitted that his company, JL Trading, had stopped operating in 2009 after suffering heavy losses on disastrous foreign exchange deals. He confessed in the email that he had continued taking people’s money for the next five years in an attempt to turn his fortunes around, but that all those attempts had failed. Whatever the truth, the reality for investors – many of them British – is that they have each lost a small fortune. A civil action to freeze his accounts and seize any assets has also been started. The businessman, who traded from a smart residential address in Istanbul with views over the Bosporus, is understood to have left Turkey some weeks ago. His adult son said he had no idea where his father was. One report suggested he had briefly visited relations near Hull and may now be in the Far East.

In the email sent on Dec 3, Mr Lewis wrote: I am writing to inform you that JL Trading is ceasing to carry on business. Contrary to the impression that I have hitherto given, the business has lost almost all of its assets, and there appears no prospect of those assets being recouped. JL Trading ceased foreign exchange trading in 2009 following substantial losses and since that time the business has suffered further losses, which I have tried to make good through investments in a number of commercial projects. However, it is now clear that the business will not be able to recover its losses and must cease trading. This means that, contrary to what was reported to you previously, you cannot expect any payments in the future. I can only apologise unreservedly for any losses or unfulfilled expectations of profit. I have tried to recover the position for a considerable period of time, but it is now clear that I will be unable to do so. I sincerely regret that I have not been able to do better on your behalf." On Sept 10 this year, Mr Lewis sent an email to clients that explained that he was “not able to give an exact date when we can send monies out” due to ongoing problems with American regulators. Lawyers, he said, were working on it and “they have everything in hand”. On Nov 14, Mr Lewis sent another email.

“ We are going through a stressful time having our funds returned from our brokers ; this has led to many doubts and concerns about the security of funds being held,” he wrote. His business was being wound up, but investors would all get their money back, he said. “So you can realise the extent of our business, our current values are: Due to clients, $197,000,000 in 893 accounts, worldwide. Due from Broker, $260,000,000 in 1 account, US,” he wrote, adding: “As we are no longer trading, these amounts should not change.” Then came the email of Dec 3, in which he admitted he had not traded currency for five years. Two days later, Mr Lewis sent out another email – the last anyone has received – changing his story again and in which he blamed the previous email on his legal team. “You have been sent an update this week which was worded by my lawyers, but I wanted everyone to know, I am not running away from things,” he wrote, “Whilst I regret some of the things I have done, I will do my best to remedy this situation. “Please note, I have covered up my mistakes from everyone including my staff, no one else knew what was happening.” Mr Lewis’s son James said: “He Joe Lewis didn’t live extravagantly. I don’t know where the money’s gone. I am happy to share information with the legal entities. “Everything he had is ruined. There are no assets at all that I am aware of.” Welcome Britain to the yield-chasing, get-rich-quick, consequence-less society in which we live. US Search Mobile Web. Welcome to the Yahoo Search forum!

We’d love to hear your ideas on how to improve Yahoo Search . The Yahoo product feedback forum now requires a valid Yahoo ID and password to participate. You are now required to sign-in using your Yahoo email account in order to provide us with feedback and to submit votes and comments to existing ideas. If you do not have a Yahoo ID or the password to your Yahoo ID, please sign-up for a new account. If you have a valid Yahoo ID and password, follow these steps if you would like to remove your posts, comments, votes, andor profile from the Yahoo product feedback forum. By Hugo Gye Updated: 19:06 BST, 30 September 2011. This is the extraordinary superyacht of billionaire Spurs owner Joe Lewis, currently moored up on the Thames near Tower Bridge. The wealthy businessman has been given special permission to moor in the heart of London, and has even had his own moor built there. Mr Lewis, 74, who is usually based in the Bahamas with his yacht, is in London to negotiate an aggressive takeover of a leading pub company. Impressive backdrop: Tottenham Hotspur owner Joe Lewis has had a moor built for his superyacht Aviva on the Thames near Tower Bridge. Deals: Mr Lewis, who usually lives in the Bahamas is in London to negotiate an aggressive takeover of leading pub company Mitchells & Butlers. Billionaire: Joe Lewis made his fortune in currency trading in the 80s and 90s. The entrepreneur is trying to seize control of Mitchells & Butlers, which operates chains such as All Bar One and Harvester. He already owns 22.8 per cent of M&B through his investment company, and is set to table a bid worth nearly ?800million to buy the rest. When he first arrived in London a few weeks ago many speculated that he was planning to sell Tottenham Hotspur, but he took just days to launch his shock bid for M&B. Mr Lewis was born over a pub in the East End and helped his family build up a catering company which they sold in 1979.

He then used the money from that deal to become a currency trader, which was how he earned his current extraordinary wealth. In September 1992, Mr Lewis joined George Soros to bet against the pound, and some reports state that he profited even more from the 'Black Wednesday' crash than Mr Soros. As well his home in the Bahamas, Mr Lewis owns property in Argentina, Florida and Bulgaria. His 220ft yacht Aviva was built in 2007, and he often lives there for months at a time. It is said to have recently had a refit costing ?65million. All You Need to Know About Joe Lewis and his Yacht AVIVA. Yacht Aviva - Joe Lewis - Tavistock. Joe Lewis is the owner of the superyacht Aviva . Joe Lewis left school to work in his father’s catering business Tavistock Bangueting. When he took over the company he expanded the activities to retail and entertainment. Lewis sold the company to move into currency trading. He was very successful, and is rumored to have earned more than George Soros on Black Wednesday by short selling the UK pound. Joe Lewis now owns the Tavistock Group . The Tavistock Group owns and invests in more than 200 companies including the football club Tottenham Hotspurs, the Mitchells & Butlers plc group (owner of 1,600 pubs, bars and restaurants) and Pampa Energia (Argentina’s largest electricity company).

Forbes estimates the net worth of Joe Lewis at USD 5.7 billion. Lewis resides at Lyford Cay, the Bahamas like fellow billionaires Heidi Horten and Sarkis Izmirlian, owner of the yacht Totally Nuts. In 2017 Lewis had his new yacht Aviva delivered: a 98 meter, built at Abeking & Rasmussen. Not much is known about her yet, but she is the biggest yacht built by A&R. She is designed by Reymond Langton Design. Aviva has an innovative hull design, and is powered by a hybrid drive system, allowing Aviva to run at up to 11 knots without the use of the main engines. The yacht has an amazing indoor padle tennis court . Lewis’ previous yacht Aviva was also built at Abeking & Rasmussen and was delivered in 2007. It’s actually the third yacht built for Lewis. She can accommodate 16 guests and a crew of 25. Aviva is used as the ‘private office’ of Lewis and houses his art collection. Aviva is not available for charter.

In the summer of 2017 a new and larger (91 meter 321 ft) Aviva was delivered by Abeking & Rasmussen. Her interior is by Reymond Langton Design. Make Money Forex: Top 5 Forex Millionaires You Need To Know. People are seriously making big cash in the forex market. Forex millionaires do exist, in the sense that there are people who sit in front of their computer looking at the same MT4 charts as you. But why do you lose? Why do they win? You know the answer don’t you. I keep saying this; that forex needs a lot of patience, persistence, discipline and being plain “hard core”, by that I mean learning not to give up. Those forex millionaires who have made it all lost lots of times. They lost big moneys but giving up wasn’t an option. With every fall, there was a new lesson learned, they fell enough times that they’ve been able to correct almost all the mistakes there could be to make them the forex pros that they are now. And that’s what most of us traders lack — These qualities that are putting them on top. In no particular order of reverence, I have gathered the top forex millionaires alive (bare in mind this is my personal list). ( Forex Brokers Reviews: Top 5 Forex Brokers Trading You Should Join Now! This is a list of people I admire and look up to, learn a lot from their way of life, style of trading and anything I can find about them that concerns trading.

Lipschutz is by no doubt one of the best forex traders alive. He inherited $12, 000 worth of stocks after his grandmother died. He invested a lot of time reading and learning about the market which was later to spike up his interest in financial trading. He turned this initial investment to $250,000 but lost it all, something he considered to be a very valuable lesson. He persevered and it’s now known that Bill has made over $300 million per year in trading only on the forex market. Bruce Kovner borrowed $3,000 to trade, turned it into $40,000 and then back down to $23,000 before deciding to get out. $20,000 of pure profits from an initial $3,000. Not bad. But coming back from $43,000, Bruce Kovner said that trade thought him one valuable thing every trader should know about: Risk Management. Kovner has a mansion in New York City that has a lead-lined room to protect against a chemical, biological, or dirty bomb attack. What can’t you do when you’ve got the money. He’s worth $4.8 billion dollars as of March 2014. You expected he’d be next didn’t you? George is sitting on about $26.5 billion. This guy has insight. Soros enjoys dual citizenship from Hungary and USA. He has written a book, The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means that I would recommend you check out. It’s only 208 pages and you can learn a lot from this book! In 2009, George Soros said “We witnessed the collapse of the financial system … It was placed on life support, and it’s still on life support.

There’s no sign that we are anywhere near a bottom.” Greece can testify to this. This is a guy that inspires me a lot personally. He’s worth $4.7 billion. He sold his family business to get a starting capital in the forex market and succeeded. He had previously worked with George Soros, another successful trader. Joe is now a tax exile in the Bahamas and lives a happy life like every one with money would. If you’re an active forex trader, you would know about him. And oh, there’s another Joe Lewis! But he’s nothing near this Joe Lewis I am writing about, he’s actually the complete opposite. This guy is a doctor, a psychiatrist. No. Seriously. At age 16, back then, he entered medical school.

He understands psychology like it’s no one’s business, well, I don’t want to say this but… duh?! And applying his knowledge in the field of trading makes him one of the best traders alive. He has a couple of books as far as I know. One of which is widely recommended: Come Into My Trading Room: A Complete Guide to Trading. The funny thing is that I honestly can’t tell how much Alexander is worth but judging from his past successes with trading and trading books, any could bet his net worth is well over the $1 million mark. However, I included him in this list anyway because he’s worth following! Etoro Forex Review: Is Etoro The Best Forex Trading Platform? What is Forex? What Is The Best Forex Trading Platform? How Much Do You Need To Start Forex Trading?

Download FREE 07 Ebook Forex Trading Strategy: Step To Step Become A Pro Trading Forex. Join Date: Mar 2015 Posts: 287. I've had this signal on my watch list for the last few months and was wondering if anyone is following it. Link below: I've gone through the simple traded information page and noticed the following comment by the signal provider: "The average number of open positions 1-4 per day maximum number of concurrently open deals 6 in rare cases when a lot of signals for opening positions" But when you look through the closed positions you notice on the 23rd December 2016 he opened 30 GBPUSD short trades within 5 minutes and on the 28th December 2016 he opened a further 36 short trades again within 5 minutes. I'm unsure if stops where placed on these trades but given the volume and the total lot size during a very low liquid period it got my attention. These GBPUSD trades look as though they where opened to break even from the loss of 8.75% on the USDJPY short. I've contacted the signal provider but I've had no reply. There seems to be on myfxbook link, so are there any followers out there that can shed some light on this. As the stats on the Simple trader site look good. Any feed back would be greatful. Join Date: Oct 2013 Posts: 1748. I've had this signal on my watch list for the last few months and was wondering if anyone is following it. Link below: I've gone through the simple traded information page and noticed the following comment by the signal provider: "The average number of open positions 1-4 per day maximum number of concurrently open deals 6 in rare cases when a lot of signals for opening positions" But when you look through the closed positions you notice on the 23rd December 2016 he opened 30 GBPUSD short trades within 5 minutes and on the 28th December 2016 he opened a further 36 short trades again within 5 minutes. I'm unsure if stops where placed on these trades but given the volume and the total lot size during a very low liquid period it got my attention. These GBPUSD trades look as though they where opened to break even from the loss of 8.75% on the USDJPY short. I've contacted the signal provider but I've had no reply. There seems to be on myfxbook link, so are there any followers out there that can shed some light on this.

As the stats on the Simple trader site look good.



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