[Hackett]

(Original post by HeyyImRyan)
http://www.x-convert.com/chart/GBP-CHF?period=6m
http://www.x-convert.com/chart/CHF-GBP?period=6m


Congratulations, in 5 months with £1,000 invested in forex, you'd have made about £35. Again nowhere near the speculated £10,000 you mentioned in your original post.





By the way, I did this to show you how easy to break down your achievements it is - I'm not even a trader. If you wrote any of this on your CV or tried to mention any of it in an S&T interview, you'd be absolutely destroyed. It's great you have such an interest in the markets and understand them to an extent, but inflating your achievements is a sure-fire way of annoying everyone on this forum and pretty much making sure you fail every S&T interview you will ever get.

FOREX trading is usally Leveraged heavily. It is easy to turn around your capital quickly.

Using Bullbearings (Obviously not that realistic as it is not real money) I turned the initial 100k into 1.4 million in around 5 months. It is easy to make big gains with the leverage.

[HeyyImRyan]

(Original post by Hackett)
FOREX trading is usally Leveraged heavily. It is easy to turn around your capital quickly.

Using Bullbearings (Obviously not that realistic as it is not real money) I turned the initial 100k into 1.4 million in around 5 months. It is easy to make big gains with the leverage.

Totally agree, but the likelyhood of any broker giving this to a trader not even taking A Levels yet investing with £1,000 of his dad's cash is bizarre.
It also would mean thorough stop & limit orders.

Plus, he specifically says he traded with £1,000 and made £10,000 - no use of leverage I definitely agree though, but no broker would let a 16 year-old or any unexperienced trader use leverage finance on forex considering the catastrophic effects it can have if the currency turns.

[Hackett]

(Original post by HeyyImRyan)
Totally agree, but the likelyhood of any broker giving this to a trader not even taking A Levels yet investing with £1,000 of his dad's cash is bizarre.
It also would mean thorough stop & limit orders.

Plus, he specifically says he traded with £1,000 and made £10,000 - no use of leverage I definitely agree though, but no broker would let a 16 year-old or any unexperienced trader use leverage finance on forex considering the catastrophic effects it can have if the currency turns.

Yep Absolutely.

[AishaTara]

wow this is all like another language :O

[miml]

(Original post by goldstander212)
You should also consider the fact that i was trading forex - specifically gbp/chf :L
And most of the above stocks you mentioned were on a paper trading account which had 100k.

I think the point (apart from the numbers being impossible as some others have mentioned) is that anyone can make big gains taking big risks. But trading isn't the equivalent of putting everything on red - which is what you must have done to make such a big return in such a short space of time.

Add to that the fact that you don't know how it happened. I mean what you want in a trading strategy is something that is repeatable and scaleable, to be able to do that you have to at least know what your strategy was. For all we know you were doing the 'wrong' thing the entire time, exposing yourself to massive risks that you didn't account for and never questioned it because you seemed to be making money.

As for work experience you'll probably get some with some effort, you are obviously keen, but I doubt anyone is going to let you on real money any time soon.

[M1011]

(Original post by HeyyImRyan)
Assuming this is the internship bahjat93 is talking about?

It's in retail banking not IB, and is for undergrads in your first or second year.
For HSBC Global Banking the requirements are 340 UCAS points and working towards 2.1 in your degree, again out of reach of a 16 year-old.
Insight days in year 12 are the closest you'll get, Rothschild gap year if you want a year before uni.


By the way - assuming you bough PERY at its drop just before new years, and sold it at its peak in early April, you'd have gained £373.

for AMD it'd have been £472 assuming it was sold at peak, again using all £1000 of your allotted investment capital.

True religion is trading roughly $10 lower than it was on NYE so you'd be in negative cashflow there.

Highest you'd have got with GM (again assuming you bought at their lowest and sold before it started sloping) is £385, again with all 1,000

With £1,000 split amongst these the highest you'd get would be what... £200-£400?

Me neither, totally impossible with the shares you quoted above.

+1

Well analysed

[priyarawat229]

Investment banking is different from commercial banking in a sense that their main customers are public and private corporations. Using this banking system, you can generate substantial wealth through prudent investment of your available resources.

[Bloodbath]

(Original post by HeyyImRyan)
http://www.x-convert.com/chart/GBP-CHF?period=6m
http://www.x-convert.com/chart/CHF-GBP?period=6m


Congratulations, in 5 months with £1,000 invested in forex, you'd have made about £35. Again nowhere near the speculated £10,000 you mentioned in your original post.



By the way, I did this to show you how easy to break down your achievements it is - I'm not even a trader. If you wrote any of this on your CV or tried to mention any of it in an S&T interview, you'd be absolutely destroyed. It's great you have such an interest in the markets and understand them to an extent, but inflating your achievements is a sure-fire way of annoying everyone on this forum and pretty much making sure you fail every S&T interview you will ever get.

(forex) U ever heard of leverage brah?