Earn an average monthly profit of 20% with my powerful forex trading algorithm

[lwteyu]

Hello everyone.

My name is Jack Wu. I graduated from NTU with my bachelor's and master's degrees in 2001 and 2004. I have spent two years in the studies and research of foreign exchange trading. I have came up with a powerful trading algorithm, which generates more than 20% monthly profit. Due to the lack of capital, I would like to cooperate with people who are willing to invest on this. (The initial capital should be no less than USD 20 000 and this account will be registered under your name and I will be doing trading for you; I will take 40% of the generated profit and i will bear 100% of the loss if there is any). If you are seriously interested about this investment plan, please feel free to contact me at 9026 1516/8108 3918.

Regards

Err.. hemmm. Sound too Good to be true. I am being skeptical here.
USD 20K is ~ SGD 33k? 20% return in monthly profit is 6.6kSGD !!!


If it is true, can get a bank loan by yourself and earn 6.6kSGD monthly yourself isn't it?
Bank loan of 33kSGD is not that hard for anyone at all.
In 5 months time you will have 100% return in investment?
if that is the case you can easily be a millionare in 2 years?(bigger loan?)

And if your trading algorithm works? You can even publish a book for it and earns additional millions.

[ahfong202]

A few points to be added:

1. I will not take the trouble to find a couple of investors to share this 20k USD investment. That was why I stressed only serious interested investor needs to contact me.

2. It is absolutely legal to do forex trading in Singapore.

3. I am a PR without property mortgage for the bank loan. Even if we are to apply for a personal loan with our pay slip, usually the banks will only provide twice of the monthly pay loan, which is much less than 20k USD.

4. In the first month of trading, little profit will be generated as the structural foundation of the system must be established. So precisely speaking, 20% monthly profit starts from the 2nd month and after 6 months the capital will be doubled.

Thanks for your queries.

[ahfong202]

One more point to be added:

There are friends of mine who work in IT industry who advised me to develop my algorithm into a software and sell it to investors. I did not want to do that as I wish to make enough money for myself first. Furthurmore, there might be problems occurring if too many people are using the same trading technique. Trading companies might adjust their policies accordingly to make sure not so many accounts holders are earning for their own interest.  Before I myself make a large of amount of money with little, there is no point publishing a book on the trading algorithm.

[limweech]

i got a mail that this thread is a scam, and i am sharing my opinions.

my opinions

it is not easy to get 1% monthly on a consistent basis.

over 20% on average per month is impossible. high returns means high risks. you are planning to take extremely high risks with other people's money. if you do not have money to trade on your own, how are you going to guarantee 100% of the loss? extremely irresponsible and disgusting.

please do not mislead people on the likely returns.

soliciting for people, especially non high networth individuals who are financially naive, to let you manage their money is illegal.

go earn your pay, save up USD 20K on your own.