A friend of mine deposited £21k with a forex "managed" company last year. They promised him 20% a month return and they just charge a fee on profits. They had a really good "record". He has messaged me his results today: when they first opened the account they took a shit trade and ended up hedging. Last night they tried selling USD/CAD when it was at it's lowest (or near to) lowest point, and did not factor in the US withdrawal from Afghan or other strong techincial and fundamental analysis (the biggest being that it had broken structure and was now a clear Buy position).

He woke up this morning to a margin call, and has lost £18k (and now has to tell the mrs). Don't fall for the shit that these companies promise - learn to trade yourselves. I have been asked to look over a couple of peoples accounts as they have been hit hard today; a couple of people have lost their life savings. One guy in particular is really in the shit as he had his retirement funds in one account and in another "secret" account put his and the mrs life savings in plus the savings they had for their kids when they are older. All in all he lost around 300k on one trade due to poor risk management and now has to explain to his mrs what's happened.

The total damage is not yet known, but from what i am hearing the lads who were running the managed system have quickly dissapeared and there have been some monumental losses. They had a total invested amount of £17 million which went up in smoke last night and some people have lost everything.

If you are ever tempted by anything like this, walk away, learn to trade yourself. And if you do get involved, only risk what you can afford to lose. If people think gambling is bad, Forex is 100 times worse.

]]>1)MOST OF THE TRADING IN 2021 IS BEING DONE BY TRADING ROBOTS

First of all sorry for getting really straight to the point but there are so many secrets i've learned as a trader that i'll just share with you just some few important ones i have many secrets but i'll post it in later threads, like you saw on the first section, most of the trading in 2021 is done by algorithm robots let me tell you that if you're a manual trader you can still do money but the process will be slower, now winning lots of money at every market is possible in my experience i got many strategies that have made me lots of money which of course i'm not going to share because if i'll give to you the formula everyone would be doing that and therefore the strategy will no longer work cause there are so many interests playing on the role (banks, individuals, hedge funds, etc...) BUT I'M GOING TO GIVE YOU THE SECRETS SO YOU CAN START DEVELOPING THE FORMULA AND GETTING TO THE POINT I GOT, it needs to be said that those formulas i'm going to talk about will be able to help you to build many robots that makes you lots of money once that said let's get down to the point #2

2)THIS FORMULA CAN BE APPLIABLE TO PREDICT MARKETS LIKE FOREX, CFD'S, STOCK MARKETS AND FUTURES

Now once you read point number one let's move forward to the point number two, i don't know if you have ever heard about terms like expected value, Black Scholes formula, Baum-Welch algoritm but i have made huge profits on the market by applying that formula to my trading robots', and to be precise most of my algoritms are designed to do high frequency trading i apply those formulas to detect some patterns on the market that offen appear on the graph and they trade really quickly they buy or sell according to the pattern really quickly and yes just like you figure this can not be done by humans since this are patterns that show up and just last seconds that's the reason that when we have less time robots are the best option to fix the issue, now to be honest i got the code and everything else which is sacred because right now i got a good cheese in my pocket and to be honest when i retire i'm going to enjoy life more than i'm enjoying it now, those formulas that i just mention bounded with the Brownian motion formula needs to get studied perfectly if you want to get profitable trading systems which i really encourage you to do because once you automate everything you don't need to worry about anything else, you just wake up and see that the bots did what they were suppose to do, which is satisfying, now you need to code this in specific languages remember if you are trading forex with those formulas make sure you code it with mql5 if you do metatrader make sure to take your time to learn that language and develop the profitable bot

3) ONCE I CODED MY BOT HOW DO I KNOW IT'S SAFE TO TRADE WITH IT AND GET LOTS OF MONEY FROM IT ON THE MARKET

There are lots of answers to that, but one of the things that is really important to clarify is that based on my experience trading with multiple hedge funds, having met a lot of colleagues that studied at the most important universities and harvard we all have many points in common and one of them is that first your robot needs to contain something that in mathematics is called the "fair game" example someone dares you to bet all the money you got in your pocket which let's say is 500 USD and if the 6 dices are 6 then that person will give you 5000USD meaning that you'll get 10 times your money returned however if we turned that out into mathematical terms that wouldn't be considered as a fair game cause 5000USD * (1/46656)= .1071... meaning that in terms of mathematics that'll be not fair, now mathematically he needs to offer you at least more than 1 so you can take the bet meaning that if he offers you 46657USD to play the game then that value will be a great one so you can take the chance to risk your 500USD, now that in terms of math will be (46657)(1/46656) = 1.000021433 which is fair because is more than one but come on is just one more dollar fair translated to words so just for you to take in mind that one at the time you implement that on your robots and take the decisition of what would be a fair game for you, now second is that the drawback doesn't need to go back more than 25% that's another keypoint and third is that make sure every operation on your robot has some good odds let's say imagine you are dared to play a game in which is heads or tails then the heads' side has more weight then making heads to be 70% probability to fall that side then you win 1 USD if it's heads every time or 1 USD if it is tails? which one would you take... make the math again and that would be 1USD * .70 - 1USD* .30= .40 cents of profit which if you ask me i'll be betting for that without thinking it twice and as much as that pattern shows in the chart just to give you an idea so you can start catching all the concepts that need to be put in practice once you start coding your robots

4) BASED ON MY EXPERIENCE BECOME AN ALGO TRADER

Just like i have shared above my experience with you i encourage you to be an algorithmic trader since it's based on probabilities i've been one of those few mathematicians and programmers who have beaten the futures' market, the forex market and the stocks market i encourage you to study a lot focusing your time on something that is going to become real and get some profits on the future, by the way i have those bots currently running on two brokers which both are ECN brokers (don't do market makers they're scammers which is one point i talk with you in the future but for now take all this information and digest it since it's been a lot i can talk about markets all day but i'll leave it for another topic)

5. I WISH YOU ALL THE LUCK , AND KEEP TRACK OF MORE OF MY FUTURE POSTS SINCE I'LL SHARE SOME MORE MATHEMATICAL TIPS

For now i just wish you all the luck remember to study Black Scholes Formula as well as the Baum-Welch algorithm the markets' brownian motion and if you can read something about the famous economist Mr Edward Thorp that will be the first points that will help you to develop your path to financial freedom wish you all the luck and remember study all what i just said and i'll keep posting in the future

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