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oapriliao

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Hi ALL,

I have seen you guys previous posting and realize that you all are quite acknowledgable in the trading industry
i'm new to this market and would like to understand more from you on 1 question.

last week, a friend of mine told me he got a good deal from his friends and ask him whether he want to earn a fast buck through his share he's holding now. i ask him how it goes ? he said to pass the broker(his friends) his login ID and password of a few trading bank he is trading with currently, After 3 weeks he will be able to get $10k for each set of login ID and passwork he give the broker.

I want to know from you whether have you heard of any this deal in the trading industry before. As i don't want my friend to take on such a high risk deal as it involve $100k.

Please help to identify whether is there such a good deal or is just a scam in the market and get back to me.

Thanks a lot and will be looking forward for your replys.


Thanks,

Heng

( [email protected] )
 
to make money in trading industry, must either buy or sell. ask ur friend buying or selling what?
 
SCAM

1 there's not really many honest ways to make a fast buck

2 Giving over login IDs and in 3 weeks he'll get $10k back.....it's either trying to defraud the brokers or you're "friend"

I could just be too negative but, if it seems a bit suspect it usually is....
 
oapriliao said:
He jus said pass the login ID and password to the broker and wait for 2 week and he will get back his profit.
Click to expand...

probably that means the broker will trade the account? ask the broker show the trading result or previous performance report first.
 
I'm sure it breaks the term and conditions of any broker account you set up and opens you up to fraud. Chances are the money will disappear from your account to a foreign bank account and you'll never see it again.

Think about it - why do they need your acc/pw - if they work at the firm they can trade directly into your account without needing passwords.

If you give away account details you can't prevent fraud happening - so don't be greedy - it's too good to be true. don't do it.
 
Hoggums said:
I'm sure it breaks the term and conditions of any broker account you set up and opens you up to fraud. Chances are the money will disappear from your account to a foreign bank account and you'll never see it again.

Think about it - why do they need your acc/pw - if they work at the firm they can trade directly into your account without needing passwords.

If you give away account details you can't prevent fraud happening - so don't be greedy - it's too good to be true. don't do it.
Click to expand...

usually regulated broker has this policy when the first time you deposit the money into the account, by the time you withdraw it must be also the same bank account name and number where you deposit.
 
oapriliao said:
Hi ALL,

I have seen you guys previous posting and realize that you all are quite acknowledgable in the trading industry
i'm new to this market and would like to understand more from you on 1 question.

last week, a friend of mine told me he got a good deal from his friends and ask him whether he want to earn a fast buck through his share he's holding now. i ask him how it goes ? he said to pass the broker(his friends) his login ID and password of a few trading bank he is trading with currently, After 3 weeks he will be able to get $10k for each set of login ID and passwork he give the broker.

I want to know from you whether have you heard of any this deal in the trading industry before. As i don't want my friend to take on such a high risk deal as it involve $100k.

Please help to identify whether is there such a good deal or is just a scam in the market and get back to me.

Thanks a lot and will be looking forward for your replys.


Thanks,

Heng

( [email protected] )
Click to expand...

Assisting a MicroCAP PUMP and DUMP!!! He wants to frontload his SECRET ACCOUNT before hacking other accounts to drive his price up!!!
 
If you divulge your password and ID you are invalidating your account. Obviously, because that is the whole point of a password, security.
 
oapriliao said:
What u mean by Assisting a MicroCAP PUMP and DUMP ?
Dont understand
Click to expand...


Buy a loads of a piece of crap on AIM at 0.07p per share, then get all the "zombie" accounts to buy as well thus the market maker sees buyers and calls the price up, to 0.09p, buy more and get the zombies to buy more, market maker calls them up to 1p

Ordinary punters see some penny stock up 50%+ and start buying market makers call them up and up, gets to 1.5p you sell all your stock at 1.4p to the market, and then the zombies can try and sell at 1p or whatever the price will have dropped to and before you know it it's back to 0.07 and loads of mugs are holding 50% losses while the original account is up 100% and the zombies are probably around Breakeven.

Ever seen the film Boiler room?
 
Hoggums said:
Yes so.

I could easily add a trade into the systems here on behalf of a client. I don't need to know what their logon password is.
Click to expand...
Well you shouln't be able to. Where's "here"? How do you get around the fact that the client hasn't been identified and hasn't put the trade on? Unless of course he is discretionary.

Oh, I see, you are in US. Can that REALLY happen?
 
Giving passwords and account detials ? to some one you dont know ........
If it was to some one who is a competent trader i may consider.
However for 10k and your friend likes the idea, why not go with the broker for 2K and see what happends........

Or simply get a managed account with proper trading firm, would be a better option
 
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