Young FX Trader Goes to Town!

http://www.cityam.com/latest-news/exclusive-200000-bar-bill-trader-arrested-fsa-probe


<b>EXCLUSIVE: Alex Hope, the £200,000 bar bill trader, arrested in FSA probe</B>

Wednesday 4th April 2012, 8:37am
James Waterson

Alex Hope, the 23 year-old trader who hit the headlines after spending £125,000 on a single bottle of champagne, has been arrested on suspicion of being involved in an unauthorised foreign exchange trading scheme.

Hope, who claims to be a self made foreign exchange trader, became infamous when he ran up a £125,000 bar bill in one evening at a Liverpool nightclub. Most of this was spent on a single 99lb bottle of champagne.

The story subsequently became front page news after the receipt was leaked to the press.

But yesterday the Financial Services Authority (FSA) said that it had arrested a man in east London "on suspicion of committing offences under the Financial Services and Markets Act 2000 and the Fraud Act 2006."

Hope's publicist last night confirmed that he had been arrested but said that he denies all allegations. The FSA confirmed no-one has been charged in connection with the investigation and that the arrest is not linked to any other investigations.

His personal website describes him as a “a name to watch out for in the city” and “an expert in the UK economy” who regularly "trades millions".

It calls him a “talented, charismatic and thoroughly likeable man” who rose from a humble background in South-East London to earn a six-figure basic salary.
 
all that glitters is not gold....


this is also why it's always a good reason to keep a low profile when you're doing something shady.....if he hadn't been so flashy no one probably would've ever noticed.....
 
MEMO: To all naive people interested in trading.

If you want to keep away from the marketers and scammers, of which there are many in the financial markets, look for the simple clues.

Anyone who writes puke inducing crap such as below is either a marketer or a scammer. Whatever the case they're going to work you over till your money becomes theirs......

Failue to take this advice, failure to realise how dirty the game of trading is (involving courses/seminars and 'managed accounts') and your cash is at real risk.



Quote from Maverick74:

London born and bred, Alex Hope, 22, is a self-taught trader who specialises in the Foreign Exchange Market. Despite his tender years, Alex is a name to watch out for in the city; an expert in the UK economy, he works the currency markets, regularly trading millions.

Alex teaches people how to make money from trading the biggest financial market in the world, the Foreign Exchange. With a trading volume of $4 trillion a day, in his eyes it is undoubtedly the best and most exciting market to be involved in. Another specialist area for this young entrepreneur is Commodities – Gold, Silver, Copper and Platinum; all materials that have great volume and movement on a daily basis and can earn a healthy profit.

Alex knows and loves the FX market. Throughout his youth, his passions were football and…currencies! At the age of 11, Alex had a deep-rooted interest in the different currencies and relished trips across Europe where he could explore this interest first hand.

After school, he spent just over 2 years in the sporting industry as a Football Coach for Charlton Athletic Community Scheme before moving into the hospitality sector. Although he was making a modest salary of £21k, he could not deny his interest in the financial field and set about teaching himself everything he could and should know about the economy. Whilst still living at home and holding down a full time job, Alex started to trade, opening his first account with just £500; in one day he’d more than doubled his money and turned the £500 into £1100 by trading gold.

As his confidence and knowledge grew, Alex knew this was the world for him and at 20 years old he headed for the city and soon found employment at The Forex Academy in early 2010 as a FX & Commodity Trader. In July this year, he stepped into the spotlight when his career was profiled in The Daily Telegraph, subsequently Alex went onto to work at leading Trading and Commodities company, Zone Invest Group. For a career that started out trading on the local market stalls for pocket money, to a modest £21k salary in the hospitality industry, Alex has since followed his dream in the trading world and his basic salary has entered the six figure bracket!

An entrepruenerial spirit through and through, whilst working full time and in his spare time, Alex also offers private teaching for students interested in learning the tricks of the trade (both one-to-one and small groups), helping others to profit from the liquid market. Many of the individuals travel worldwide to meet with him and glean from his experience.

A talented, charismatic and thoroughly likeable man, Alex Hope exudes knowledge and you can’t help but respect and admire this self-taught and self-made young trader. Watch out trading markets, Alex Hope is kicking up a storm!
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