News Forex Trading Platform Collapses

[RummyBoy]

http://www.bloomberg.com/news/2014-1...-vanishes.html

After watching this video, I don't think it looks convincing:

[xato]

The site said investors had averaged net gains of 1 percent each trading day during the past five years.

Alright, lets assume they started with only $1'000.- initial capital themselves and made 1% each trading day for 5 years.
There are about 252 trading days per year, which makes 1260 trading days altogether.

Now if you compound the interest $1'000.- would have been
$12'274 after one year
$150'651 after two years
$1'849'092 after three years
$22'695'762 after four years
$278'567'833 after five years

If their initial capital was higher, well, you get the idea.
Anybody who still thinks those guys are dependant on clients' money must be completely brainwashed or simply stupid.
Common sense should tell you not to invest in obvious ponzi schemes

[L-Pink]

Interesting article in link, thanks.

[aka123]

Originally Posted by xato

Alright, lets assume they started with only $1'000.- initial capital themselves and made 1% each trading day for 5 years.
There are about 252 trading days per year, which makes 1260 trading days altogether.

Now if you compound the interest $1'000.- would have been
$12'274 after one year
$150'651 after two years
$1'849'092 after three years
$22'695'762 after four years
$278'567'833 after five years

Sounds good. To who I can give my money? Do they take the money as baled?

[seeandsee]

It's "big scam" if you ask me, only some will make money, others will get burnned

[chronik]

Originally Posted by xato

Alright, lets assume they started with only $1'000.- initial capital themselves and made 1% each trading day for 5 years.
There are about 252 trading days per year, which makes 1260 trading days altogether.

Now if you compound the interest $1'000.- would have been
$12'274 after one year
$150'651 after two years
$1'849'092 after three years
$22'695'762 after four years
$278'567'833 after five years

If their initial capital was higher, well, you get the idea.
Anybody who still thinks those guys are dependant on clients' money must be completely brainwashed or simply stupid.
Common sense should tell you not to invest in obvious ponzi schemes

I'm not certain how to calculate compound interest but I'm pretty sure you are a fucking idiot and those calculations are way off..

[RummyBoy]

Originally Posted by chronik

I'm not certain how to calculate compound interest but I'm pretty sure you are a fucking idiot and those calculations are way off..

It is possible to get your figures wrong and NOT at the same time be a fucking idiot.

As for the correctness of his figures well my math is terrible but working on a compound interest calculator, I can see that it looks "about right" at least for the first year.

[xato]

Originally Posted by chronik

I'm not certain how to calculate compound interest but I'm pretty sure you are a fucking idiot and those calculations are way off..

So you are at the same time admitting that you are "not certain" but calling me a fucking idiot because my calculations are way off?

Seriously that is first grade mathematics. If you cant do that, then I'm wondering who the idiot is here.
Oh and by the way

[aka123]

Originally Posted by xato

So you are at the same time admitting that you are "not certain" but calling me a fucking idiot because my calculations are way off?

Seriously that is first grade mathematics. If you cant do that, then I'm wondering who the idiot is here.
Oh and by the way

I am not that good at interests, that is why I have book to make Exel charts and I use those. Daily interest gives with this calculator about 37 000 after one year, not 12 000. Anyways, good investment. No one hasn't yet told to where I can ship the money bales.

http://www.pine-grove.com/online-cal...calculator.htm


EDIT: Nevermind, I calculated with 365 days.

[RummyBoy]

Originally Posted by aka123

Daily interest gives with this calculator about 37 000 after one year, not 12 000.

Yep I did the same...... 365 and then switch to 252.
I don't know which one to go with but anyhow.

Chronik...... you need to learn about Compound Interest (key to wealth)