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Forex $100K Loan Plan

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  • trading100k
    replied
    $1,239.61 profit so far this month. There wasn't much liquidity in the market, however I still managed to make decent profit so far this month.

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  • AsadReborn
    replied
    Originally posted by trading100k View Post
    Sure.. I will email you.
    All set, Good luck!

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  • trading100k
    replied
    Originally posted by forexreborn View Post
    Hi Zia, Its Asad Shah I'm full time trader and own ForexReBORN.com. If you like to join my website as a signal provider then email me, I will set subscription fee based on your performance. If you trade with US rules then it will be good because I own Forex traders group in Atlanta,USA so most probably you can get US followers. Let me know if you are interested then we can discuss in details.

    Thanks,
    Asad Shah
    Sure.. I will email you.

    Leave a comment:


  • AsadReborn
    replied
    Hi Zia, Its Asad Shah I'm full time trader and own ForexReBORN.com. If you like to join my website as a signal provider then email me, I will set subscription fee based on your performance. If you trade with US rules then it will be good because I own Forex traders group in Atlanta,USA so most probably you can get US followers. Let me know if you are interested then we can discuss in details.

    Thanks,
    Asad Shah

    Leave a comment:


  • Big River Man
    replied
    Originally posted by trading100k View Post
    Thanks, what can I say, I'm a little different...
    The loan was taken for another property, however I decided to take this route. I'll post results soon. My avg profit/month was 2 to 4% and my max DD was 5%.
    Good numbers for sure Zia.
    But I hope you will understand that we await for some time period of myfxbook stats. Your trades seem very quick. It's good. Have you tried what using a copier is like as far as slippage? What session do you normally trade?
    Also it will be good that you will be on the forum between London and NY

    Leave a comment:


  • Big River Man
    replied
    Originally posted by imwrong View Post
    Yes okda you are right...I visited UAE dubai, there is no income tax sales tax and also interest rate is only 2% on loan.

    Sent from my SGH-T679 using Tapatalk 2
    Unfortunately this is why

    http://www.theguardian.com/world/201...ons-shame-west

    The minority rich Emirates have oil money flowing in and have slave labor of foreign migrants essentially. Bad places. I endeavour to never visit these places as I just don't want to give my money these countries. Qatar is the same.
    Anyway that's enough politics for me....

    Leave a comment:


  • imwrong
    replied
    Originally posted by Okda View Post
    if he is really from UAE then you can't imagine how things are easy for them there, they are very few in numbers and in the same time the country is very rich, so such facilities are offered with the least amount of requirements

    It is called a personal loan and the bank doesn't ask about where will you spend it as long as you meet their rules, which in this case are not as harsh as you would think for this type of loan
    Correct me if I am wrong please

    Sent from my GT-N7000 using Tapatalk
    Yes okda you are right...I visited UAE dubai, there is no income tax sales tax and also interest rate is only 2% on loan.

    Sent from my SGH-T679 using Tapatalk 2

    Leave a comment:


  • trading100k
    replied
    Thanks, what can I say, I'm a little different...
    The loan was taken for another property, however I decided to take this route. I'll post results soon. My avg profit/month was 2 to 4% and my max DD was 5%.

    Leave a comment:


  • Okda
    replied
    The good point is that FXOpen.com doesn't offer cent account so we are sure that those are really 100k+ on the line

    @BRM
    if he is really from UAE then you can't imagine how things are easy for them there, they are very few in numbers and in the same time the country is very rich, so such facilities are offered with the least amount of requirements

    It is called a personal loan and the bank doesn't ask about where will you spend it as long as you meet their rules, which in this case are not as harsh as you would think for this type of loan
    Correct me if I am wrong please

    Sent from my GT-N7000 using Tapatalk
    Last edited by Okda; 04-08-2014, 08:19 AM.

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  • Okda
    replied
    If your followers reach 60 you will get everything 3 percent you want with no trading ;-)
    But honestly this is a very high risk plan
    I am adding my voice to BRM in asking about past history

    Sent from my GT-N7000 using Tapatalk

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  • imwrong
    replied
    Wow ....good luck!

    Sent from my SGH-T679 using Tapatalk 2

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  • SmartTrader
    replied
    And why is your Avatar is in downtrend? you dont want to end your account like that, do you?

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  • Big River Man
    replied
    Zia,

    Do they actually loan you $100k in the UAE so that you can trade with it? To be honest it sounds like an awesome recipe for disaster, and is something that I often have thought about myself.....

    But here is Australia you get 20% interest as opposed to 5%, not to mention that they would literally laugh in your face as they opened the exit door for you when you told them what it was for.

    I would like to know what your monthly profit has been historically you must know this.
    What has been your drawdown?
    What type of trading?
    There was a signal on this very website where a guy put 100k money in, and he lost it all. Anyone remember Mr X.?
    Plus there was another guy with a bucket load of cash Mr Rigasoy that lost a bucketload too, so just because you put $100k behind you doesn't mean you will be good, so people should exercise caution here.

    It would be nice if you could give soem indication of your historical performance Zia.

    Leave a comment:


  • pearcey2
    replied
    That's balls for sure! Will be watching with interest

    Sent from my Nexus 5 using Tapatalk

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  • Nick
    replied
    Hi $100k.

    All I can say is - Good luck to you!

    I love when people put their balls on the line, however you are taking it to a whole other level. I personally would never recommend someone borrow money to trade, however I can only assume you have an insane amount of faith in your own trading ability and strategy.

    I'll be watching closely and I look forward to seeing you progress. It will be a fantastic story if you can achieve it.

    I know you mention that you haven't traded on MT4 before, but I'm curious to know what kind of results you were getting on your other platform? Have you got any statistics you can share?

    Leave a comment:

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