CMC Real life trader Alex Hope the £200,000 bar bill trader(Arrested)

LDIR said:
More likely he wanted to start that hedge fund.

The FSA have arrested him.

Where did he get the money to fund his expensive stunt?

It is obvious where he got it from as the FSA are involved...

I think he had bigger plans than just being a small time scum bag vendor.
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Alex Hope: Successful Trader or Marketing Ploy

As many of you no doubt have read, a 23 year old trader named Alex Hope walked into The Playground (a nightclub in Liverpool) and spent over £200,000 in a nightclub including one 30l bottle of Ace Of Spades Champagne. Story here.

His website http://www.alexhopefx.com/ was taken down but twitter profile @alexhopefx is still active

The media had a field day as yet another ‘overpaid banker’ enjoyed extravagance in the midst of recession. Many of us read in disbelief that a 23 year old could amass so much money by simply reading charts #voodooeconomics.

Using some rudimentary knowledge of website registration and advanced googling, I found out that his website, Alexhopefx.com is not even owned by Alex Hope, but by Andrew Philips of ‘Business For Life LTD’Andy Phillips | Business For Life Ltd | businessforlife.co.uk. The domain itself only in existence for 5 months!

“But who is Andrew Phillips” I hear you say… According to his twitter @andyphillips101 he is an internet marketing and social media specialist.
The plot thickens! This Alex Hope story seems to have got the whole country talking about Playground Liverpool and as the recession is biting much more significantly in Liverpool, it seems that national interest for the price of £30k (rough cost price of the alcohol – even if it was all drunk; even if it was all even opened) is a good deal!

Maybe I am just jealous or just a little skeptical but I believe that this story may have an alterior motive. I cannot believe that: first, a person can amass so much money by purely reading charts. Second, I do not believe that someone with such success on the stock market would celebrate in such an OTT way. Third, traders don’t do ‘business deals’. Fourth, for £200,000 he could have chartered a jet and flown with 30 of his mates to Vegas for a full week of carnage whilst saving enough money for a luxury car. Fifth, with all the media attention and the mass ownership of camera phones, I am a little astounded that no pictures have appeared linking this guy and the 30l bottle together.

I don’t doubt that Alex Hope trades (his twitter has 5k posts which would take a lot of time to conjure up) but I think that he has taken part in this story with the view to enhance his reputation as a trader and maybe gain a few quid selling his story or increasing attendance figures at any trading seminar he decides to run. Charging 200 people for a seminar is a much easier and safer way than punting on currencies with the sole help of charting!

So that’s my view, in the meantime I will Tweet up Andy Phillips to see what he has to say on this brilliant story

Alex Hope: Successful Trader or Marketing Ploy | 1 Percent Blog
 
the hare said:
The marketing bods at CMC obviously know if the "traders" that they have chosen to interview are profitable, or not.

Imagine the backlash if its discovered that this guy wasnt actually profitable, and that CMC had been providing a platform for clowns such as this to promote their services.
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I wonder how many so called 'ordinary members' of T2W, are actually employees of spreadbetting companies? I have my suspicions about certain members.
 
darkcider said:
I wonder how many so called 'ordinary members' of T2W, are actually employees of spreadbetting companies? I have my suspicions about certain members.
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not just spreadbettings; but some members are world foremost experts on various aspects of trading.

some of them foremost experts on candlesticks; and some on price behaviour.

some can turn $1000 to $1,000,000 in few days. some can make %300 per trade in a webinar.

some can turn turtles to traders; and turn traders to sales people, and turn others to lizards

:LOL:
 
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darkcider said:
I wonder how many so called 'ordinary members' of T2W, are actually employees of spreadbetting companies? I have my suspicions about certain members.
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But wouldn't that be verging on fraud, which would contravene all sorts of FSA regs? That would obviously be an outrageous suggestion. Next you'll be saying that Black Swansong (who only shops in Poundland) worked for CMC.
 
Ross Spur said:
But wouldn't that be verging on fraud, which would contravene all sorts of FSA regs? That would obviously be an outrageous suggestion. Next you'll be saying that Black Swansong (who only shops in Poundland) worked for CMC.
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The entire industry borders on fraud.
 
alphadude said:
not just spreadbettings; but some members are world foremost experts on various aspects of trading.

some of them foremost experts on candlesticks; and some on price behaviour.

some can turn $1000 to $1,000,000 in few days. some can make %300 per trade in a webinar.

some can turn turtles to traders; and turn traders to sales people, and turn others to lizards

:LOL:
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Spot forex is the vendors dream instrument. The instrument lacks transparency at all levels, and that is worth its weight in gold to the vendors and brokers.

FXCM and Richard Farleigh are getting together later on this month in London. Richard has a book on sale, within the book there are exactly 100 secrets. I may buy the book, i will store it on my comedy book shelf, that particular genre needs a new addition.
 
Sounds like he would have made a good candidate for "The Apprentice".
Presumably, his next appearance (if not in court) will be on "I'm a 3rd rate celebrity - get me out of here".
 
ChocolateDigestive said:
learning from a 23 year old. please. at 23 years old you think you know everything but in reality you might know something at best. must know sweet fa. if people parted with their money they are fools.
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“The old believe everything; the middle-aged suspect everything; the young know everything.”

Oscar wilde
 
Wonder how much he paid for that bar bill? I guess you could, in theory, agree to some form of PR stunt whereby you paid for some bottles at a knock down price and have some exaggerations made to the bill - the club no one has heard of briefly gets the sort of publicity some London clubs get and the guy paying for the bottles get the attention he's craving.

Who are 'Zone Invest Group''? The website doesn't seem to indicate they're registered with the FSA... though unlike some of the dubious firms out there they don't seem to just be offering some white label to some bucket shop but rather the same ISVs offered by FSA registered arcades?

Is this some sort of hybrid arcade where you pay for office space/internet connection and then pool together to get a discount from some FCM?
 
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How on earth was he able to raise that amount of capital?
 
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Good point. I think he deserves the accolade of master trader for his ability to trade on peoples' expectations in spite of their commonsense telling them that if something looks too good to be true, it probably is.

It was a bad thing for him to have done, but he did do it rather well.
 
ffsear said:
Jesus, its like an Ocean Finance advert!
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Slightly off topic - but talking of Ocean Finance - the ex owner and the guy who started the company ( yes in Tamworth) is a guy I know fairly well and seems to have really enjoyed his life after selling out for over £200 million just before the economic crash in 2007.

Still a young guy in his mid 40's - one of his hobbies is fruit machines and yes - gambling ;-)

His annual gambling budget is approx £12 million a year and normally - he adds to via numerous methods - even including currency trading. He found out in his teen years he had a photographic memory and used to get banned from the local machine arcade - after memorising all the wheel sequences and then playing just prior to when the machine was read to do the large payouts.

In the last 5 yrs he has been fortunate to have won over $250k from fruit machines several times in UK and US casino's - and still manages to pop over to Vegas 4 -6 times a year to hone his skills ( I cannot understand why they have not realised yet what he does lol).

Must be a nice hobby playing with £12 million every year - and not having to bother if he loses the whole lot :cool:
 
talent is talent ......wherever you find it ..........its interesting that in this modern age the potential to profit from such talents has been leveraged by technology and the exposure to the exponential new avenues where such talent can be used

if you go back even 20-30 years where the internet and global reach was not as prevalent you see literally thousands of talented people that still did well for themselves but never made the money capable in todays world

N
 
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NVP said:
“The old believe everything; the middle-aged suspect everything; the young know everything.”

Oscar wilde
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Hmmm...

With all respect to the late, & indubitably most great, Oscar Wilde, this 'ere peakoil argues that his said quote should now be updated, for our times, as follows:

"The old own everything; the middle aged moan everything and the young know everything."
​

:cool:
 
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