Originally Posted by t_mo
I do work for a company that has over 14 trillion dollars in custody. I'm responsible for a coupe billion dollars day to day.
I am not in the sell side, maybe one day I haven't really decided what route I'm going to go CFA, or CFP?
And what company might this be? (not trying to be sarcastic, I am actually interested)..
That sounds crazy, a couple billion. But I guess if you arn't going for crazy returns like 100%+ per anum, then it is understandable. But a 14 trillion dollar company...?? That has to be a pretty big one eh
? You can just PM me the name if you don't want to disclose it to everyone.
"Stupid2k5ers" ... It isn't really horrible advice, but I wouldn't do that if I were him unless he was plannin on devoting time during the day to it. Hell, take a look at Timothy Sykes. Turned 15K into 1.65 Million in something like a year. And he did it all while he was in college trading basicaly penny stocks (from what I understand at least).
But honestly look into that link I gave you. Even if you want to trade your money yourself, whenever I trade it is at 8:30 AM, or 4:30 AM EST. And the odd trade is at 10:00 AM EST, and sometimes 7:00 AM EST, and then there are trades you can trade outside of the room that typicaly do well that are usually at 4:45 PM EST, and 9:00 PM EST. And these trades typicaly only last a half hourish. If it actually hits the triggers and trades someeetimes it lasts maybe an hour, but if it's a no trade you can be set up, done and gone within 10 minutes. And most of them are no trades. If you want your 6K to grow fast though with as little risk as possible for the maximum rate of growth it really is the best way. You could easily double it in just a good month if you were willing to trade it pretty heavily. If you were on the conservative side and the broker you are with gives decent exucution without rediculous spreads if you didn't double it in a year I'd be surprised. Just sign up for the 14 day trail. Read up on babypips.com to learn more about Forex, and check it out.
BUT.. Do be aware that right now there is only one broker things are really working well with and you need at least 20K to be with them. The other broker (you can use as little as $250 with them) is kind of up in the air. I just had two trades tonight that were pretty much untradable because of the spreads, but our group alone did make in the high 6 figures, possibly even in the 7 figures last week alone collectively. So they may just be hurting a little bit from that
. But the broker is kind of on and off, they have there good and bad days and luckily when everything ligns up and there is actually a trade (sometimes only once or twice a month) they seem to be good. But if you're interested just keep in touch and I will let you know if things get better within the next week or so.