About 8 years ago I traded for a firm on moi avenue . about 5 traders each given small accounts and the bulk (200,000 USD) was traded by a strategy provided by a signal provider. All was well until the strategy was calling buys when the currency was falling. Ive never seen losses of such magnitude. All profits accumulated over a year were wipped out in two days. Clients came, demanded their money back. The boss was always in court. Forex is no child’s play
Another fool and his money. Wealth creation is often times a slow, painful, lonely process. There are simply no shortcuts unless you decide to become a crook or politician. This guy wasn’t satisfied with the returns from Tbills, sasa ona? People who become rich are frugal and never get excited easily.
Expecting 10% return on your money every month, by just sitting down?
That’s over 100% returns per year.
A fool and his money…
Recognising a pyramid scheme or con shouldn’t be that hard.
Tuff call