Tuesday, March 15, 2005

Excuse me sir, could you spare some change for my FOREX operation

Usually the best you can hope for on a monday is that will be over. Having said that, it is moments like these that keep me entertained. Yesterday, I had the following e-mail exchange with a budding ForEx trader:

i was seeking a loan for 24 month term of 6,000 for a small home based busniess and and want to know the eliglbity requirements

JK: Tell me a little bit about your business, what products do you sell and who do you sell to?

ForEx: offer managed automated trading solutions to forex trading

JK: How can you get this off the ground for 6,000 dollars?

ForEx: the trading charts from tradestation cost $250 per month the automated software cost $950 for the year incoparating will cost me $1100.00 web hosting $100 per year and adverting $250 per month investing $3000.00 ,third month month invested will payin on going expences and the home base busniees is forex trading site www.fxcm.com trading software is www.tradestation.com and automated platform is www.traderobot.com and tradeing strategy is www.murphymorris.com/

JK: Who are you offering this service to?

ForEx: any one that is willing to 29.99 per month and invest $300.00 and up for a retun of 5% to 20% per month

JK: This is not something we would consider financing. I suggest that you look into the legal aspects of the enterprise you are planning as you may be contravening some securities law

ForEx: I have been in touch with sec(securities exchange commission) as long as I disclosure of
Risk Disclosure: Unique experiences and past performances do not guarantee future results! Testimonials herein are unsolicited and are non-representative of all clients; certain accounts may have worse performance than that indicated. Trading stocks, options and spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. Because the risk factor is high in the foreign exchange market trading, only genuine "risk" funds should be used in such trading. If you do not have the extra capital that you can afford to lose, you should not trade in the foreign exchange market. No "safe" trading system has ever been devised, and no one can guarantee profits or freedom from loss.
Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under or over-compensated for the impact, if any, of certain market factors such as lack of liquidity. Hypothetical trading programs in general are benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Substantial risk is involved.
Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the forex markets. Don't trade with money you can't afford to lose. Nothing in our course or website shall be deemed a solicitation or an offer to Buy/sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of futures results. Day trading involves high risks and you can lose a lot of money.

ForEx: hi Joshua Kerbel
you are the managing director of you company your objective in your business is to find business opportunity that will bring about return to your company all I am asking you if to give me a loan to start up my business I have a job that I can afford to pay back the loan if it dose not work all I am asking you is the chance to start up my own business.the security i can give you is i have a job and can afford to pay of a loan at $400 per month for two year duration.

JK: As per my last email, this business does not fit our transaction criteria. If you can’t come up with the small amount of capital needed to buy the software, I doubt that you have the capital to engage in Forex trading.

Maybe this guy thought that it was funny that I was actually responding to him?


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