Hi fellow traders,
I was introduced to Forex by a friend of mine who is a business partner with a professional trader. I won’t mention his name but he has been trading for 30 years and has written a book and conducts seminars on the subject. She claims that he can consistently earn 15% per month doing Forex trades. Because of his consistent results, they have opened a business where they trade OPM (other people’s money) and pay a guaranteed 5% per month for a whopping 60% per year. The other 10% per month is allocated to commissions and profit.
Does anybody know if these kind of returns are consistently possible in the hands of an extremely experienced and knowledgeable trader? My brother told me that if a person consistently made 15% over 30 years he would be a trillionaire and would have “consumed” the world’s total money supply. He did a spread sheet showing the math.
Thanks in advance,