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Apologies for any confusion. Just to clarify my thoughts on your" advice". If you are not a scammer then you are the most incompetent trader I have ever had the misfortune of coming across in my 18 years as a full time fx trader. Hope this helps. (I will now give a little bit of free...

Parker Please don't think my lack of replies from here on in mean I am conceding to you. I just don't think you should be given any more airtime to peddle your half truths.

Pension Please don't spoil Parker's story with facts. Indeed that fictional puppet in Thunderbirds was also called Parker - seems rather apt for some reason.

I thought you stated the open position when the guy first came to ET for advice was an aussie position. That has barely moved? and if you still think leveraging an account up so highly that it requires additional margin within a week is a good trading style then you are a truly appaling...

I don't know whether to laugh or cry at your posts. Different strategies suit everyone as after all that is why there is a market. However if you think a massively over leveraged account that ran out of margin and so required more cash within a week is the way to trade then you are mad...

I strongly disagree. I would wager any money that the ECB will hike in December - I am as certain as you ever can be on these matters. The press conference is the key though - Trichet will then have the projections for 2008. inflation is currently 1.6% (below the target of 2%) but the ECB...

I would read a thread if someone talked about their method but have no interest in one where someone said buy this, sell that. I back my own judgement not someone elses. Maybe that is why one where someone is putting their trades gets so few hits. Incidentally on the other message baord...

Take a some smooth talking saleman who persuaded two old ladies to give him their life savings to trade with. He then tells each one that he will charge them say 25% of profits as his fee. He leverages both up to the max, one long one short. One old lady loses all her money ,the other makes...

No wonder the Uk is the centre of the FX Universe! Although foreign exchange is not a regulated activity the business of margined foreign exchange is deemed to be an investment activity and hence anyone trading on behalf of someone has to be authorised by the FSA. Nice to see the US has it...

Please answer one question - are you licensed to trade someone elses funds?

That is the situation in the UK. Trading without a licence is a very serious offence - at the minmimum you have to repay the losses and receive a fine. In some cases it can lead to jail.

Fair enough -as I sated earlier I am in the UK so dont know US law. But he has stated he had traded for many people before. If i was this guy I would pay the $10k back - after all he is a very succesful trader and so it is peanuts to him and if the authorities start to delve into his...

Indeed. Talking of euro dollar - I know this wasnt a euro position but it shows how quiet the market has been - it traded on a 1.27 or 1.28 handle for something like 55 days in a row. It broke the pattern and moved a massive 1% before coming back into the old range a week or so later.

A simple question. You are based in the US - are you regulated/authorised to manage client accounts?

Am I reading this right: - you say you were making $800 a day. What you really mean is you made thatfor 2 days. Even if he had run the last position by adding more margin then only this psoition would have come back to break even - ie recovered approx $800. The whole account would still...

You should not worry about starting this thread. Indeed you should print it off now and save a copy on your computer. If this guy does not refund your money within 48 hours you go straight to the authorities with all the evidence inclding this thread, any emails and any other details you have.

What absolute rubbish and proves you should never be allowed to trade anyone's money apart from your own. You sell a loss becuase it has hit your pre defined stop - that way you don't blow an account. It is never possible to say a pattern will die soon - especially when you already have a...

Do you think any trader should lose more than 10% of an account in a week, regardless of the style of trading? How can you argue that extra margin was required - not for trading but for margin? That is madness. Are you regulated to trade a strangers account? Did you take any steps to...

I don't know how the law works in the States but I would go via the broker/market maker. If you report this to the US authorities I should imagine they would investigate and that would cause an awful lot of hassle for the firm and cost them a fair bit I imagine, even if they are innocent. And...

Please PM me the name of the forum and the guys name please