Recent content by glennbo

Thanks Sean, Arabian and Nice Surf for the ongoing advice. I certainly agree that you should be extremely wary of transferring money to others. That is a recipe for disaster. Our model is based upon placing funds in our own broker accounts and then giving traders a limited power of attorney to...

This thread has been started following on from the Traders Wanted thread which you should read here http://www.trade2win.com/boards/forex-discussion/64112-trader-wanted.html Please review this thread for my background and aims. This thread is designed to promote a brilliant idea by Sean...

Thank you Sean - an excellent idea. I'm not sure about a 5% risk per trade though. 6 losses = 30% drawdown. We currently have 4 experienced traders on board and we have more meetings scheduled over the next couple of weeks. However, if you are lean and keen I'm happy to put this project into...

Many thanks for the replies to date. I am slowly but surely making my way through them and have emailed and spoken to numerous people thus far. Just to confirm, we are still open for applicant enquiries until Friday 19th June - so if you believe that an additional £100K GBP/ $160k USD on top of...

The ideal candidate would have 3 years +, however we are keeping our options open and have no problem in considering people with shorter trading experience. Also to clarify - this is not a $160k USD position working exclusively for us. We anctipate that successful traders will also be making...

Hi Donald - I accept that my expectation may be ambitious and I need to balance the risk -v- reward objectives. To this end, I am revising my plans to balance funds and hedge against exposure. Many thanks for your comments.

UK spread betting platforms are tax free, because there is no tax on 'winnings'. However, there are limitations on fund sizes so there are pro's and cons

£100K GBP is equivalent to circa $160K USD. I appreciate that this level of money may not be attractive to some, but to others, who will be earning additional money themselves, and from other client's, it is not a bad top up for the kiddies ice cream fund. BTW Pippy, I started out on benefits...

We do not envisage any taxation issues and have advice to confirm that our structure will not create tax liabilities to our investors as we are trading their money via a spread betting account which is tax free winnings. The 'cost' is the spread. The trader will be using the investor syndicate...

Many thanks for the emails to date, particularly those who have politefully explained that the targets are overly ambitious. I appreciate that this is not my area of specialism and I am throwing myself into the bear pit. Many thanks for being nice to me :-) I will reply to each email and be...

Professional Traders wanted for Business Venture Thank you for reading. My name is Glenn Ackroyd. I am a successful property entrepreneur. I am part owner and director of the largest property buying company in the UK - Quick Property Sale UK - About A Quick Sale During this time I have...