bbmac
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lamb to the slaughter
What a great thread, this guy demonstrates why boiler rooms are stiil around with such a fertile potential customer base still to scam. It reminds me of the story about the guy who got stranded on an iceberg and he prayed to god for help. A submarine then surfaced and offered for him to board and be saved...he refused saying 'no thanks, the lord will save me...i am a believer'...next thing a fishing trawler passes and throws him a life jacket and line, he refuses help again stating that he is a believer and that the lord will save him....Finally a helicopter turns up on the scene hovering overhead and lowering a winch down...the man politely refuses again, stating that as he is a believer the lord will come to his aid.
Sure enough he eventually drowns and dies, and on entering heaven he asks god why he didn't save him. God replies, ..'I sent you a submarine, a ship and a helicopter....what more did you want'....Lol
Good analogy, but seriously, despite your diligence you will more likely than not lose this money. The FSA in particular and regulatory bodies in general are useless. possesion is 9/10ths of the law. If you like the trading idea, why not do it yourself, as suggested above, retaining possesion of your monies and cutting out the 'commissions.' Think about it, some one phones you out of the blue...oh I can't be bothered....Lol
Good luck.
What a great thread, this guy demonstrates why boiler rooms are stiil around with such a fertile potential customer base still to scam. It reminds me of the story about the guy who got stranded on an iceberg and he prayed to god for help. A submarine then surfaced and offered for him to board and be saved...he refused saying 'no thanks, the lord will save me...i am a believer'...next thing a fishing trawler passes and throws him a life jacket and line, he refuses help again stating that he is a believer and that the lord will save him....Finally a helicopter turns up on the scene hovering overhead and lowering a winch down...the man politely refuses again, stating that as he is a believer the lord will come to his aid.
Sure enough he eventually drowns and dies, and on entering heaven he asks god why he didn't save him. God replies, ..'I sent you a submarine, a ship and a helicopter....what more did you want'....Lol
Good analogy, but seriously, despite your diligence you will more likely than not lose this money. The FSA in particular and regulatory bodies in general are useless. possesion is 9/10ths of the law. If you like the trading idea, why not do it yourself, as suggested above, retaining possesion of your monies and cutting out the 'commissions.' Think about it, some one phones you out of the blue...oh I can't be bothered....Lol
Good luck.