I'm looking for investors

**pmjn87** · 02-18-2009 09:19 AM

Long story short, I'm poor student and I'm looking for investors to invest my forex trading. More details on reguest. I'm currently trading(and have traded) with about 1% ROI per week.

thank you very much

**SIMPLEROBB** · 02-18-2009 10:07 AM

Originally Posted by pmjn87

Long story short, I'm poor student and I'm looking for investors to invest my forex trading. More details on request. I'm currently trading(and have traded) with about 1% ROI per week.

thank you very much

Welcome to YE. Maybe you should check around to see the similar posts like this.

**paul2145r** · 02-18-2009 11:26 AM

Welcome to YE, but I don't believe that this is the place for what you're looking for. This site is for YoungEntrepreneurs. If you can work your concept around to being a business (for example, a Forex Consulting firm for Young Investors), then it may work.

Otherwise, no one is going to fund a poor student with a mediocre ROI and no legitimate experience to speak of.

**SIMPLEROBB** · 02-18-2009 12:50 PM

Originally Posted by paul2145r

Welcome to YE, but I don't believe that this is the place for what you're looking for. This site is for YoungEntrepreneurs. If you can work your concept around to being a business (for example, a Forex Consulting firm for Young Investors), then it may work.

Otherwise, no one is going to fund a poor student with a mediocre ROI and no legitimate experience to speak of.

I absolutely agree with you. I told him/her to look around.

**pmjn87** · 02-18-2009 11:42 PM

What if it would be a money investing business for Young Investors?

**akula** · 02-19-2009 12:00 AM

pmjn87, no
it's not possible for you to operate a legitimate business because you wanna provide financial services without the required licence...you need to understand that it is illegal for you to manage money for other people without you having the appropriate finra accreditation, sec compliance and the relevant insurance

now...you might think "fuck thaaaat! i don't need nothing" ..but let me tell you how it works...without a licence, any agreements that you make with customers relevant to the provision of financial services will be void ab initio...meaning that when you're gonna lose people money, they're gonna be able to lawfully claim the losses back from you, and you won't have a legitimate defence against their claims

now, here's what you do: if you wanna do this stuff legally, without the need for any licences and such, here's what you do: advertise that you want to borrow money as a personal loan and pay back a really high rate of interest. then, people will lend you money, you'll do your miraculous 300%+ p.a. rate of return and then pay them back like 30% in interest or something...that's how you can do this legally and avoid taking a bath

...there are also other things you'll need to do to cover the eventually of you borrowing money, blowing it all and defaulting on your interest repayments

**mr_wallstreet** · 02-19-2009 08:57 PM

hello very true and right but since he trading forex there no required licence that's why you see so many scams on TV intro late night there no required licence there no finra nothing at all right now , i think there should be but if you really wanted too you can wake up and open small website and become a forex broker. there no rules or licence

but if he was trading stocks and wanted to mange money for people that aren't friends or family . he would need licence and what not.

but your right in some ways

cheers

michael j hall

**paul2145r** · 02-19-2009 09:30 PM

Mr Wallstreet-

The laws regarding licensing still apply to Forex trading if pmjn87 is wanting to market his 'services' in the manner that he has in this post.

Akula is completely correct in his explanation, except that I doubt anyone would give a loan to a teenager promising them a 300% ROI.

**mr_wallstreet** · 02-19-2009 10:15 PM

hello then thats my mistake and why would any one give loan to some one promising 300% if he could make 300% he would not need investors lol any way that would be madoff all over again

**SIMPLEROBB** · 02-19-2009 10:32 PM

Originally Posted by mr_wallstreet

hello then thats my mistake and why would any one give loan to some one promising 300% if he could make 300% he would not need investors lol any way that would be madoff all over again

You know what really gives me goose bumps????? The next madoff. That guy is going to be ruthless.

**pmjn87** · 02-20-2009 08:27 AM

I haven't said anything of 300% ROI, sorry

I've got 6.03% profit in 4 weeks

**windroadtosuccess** · 02-20-2009 10:55 AM

Originally Posted by mr_wallstreet

hello then thats my mistake and why would any one give loan to some one promising 300% if he could make 300% he would not need investors lol any way that would be madoff all over again

Haha you are confusing Akula's example with what he said, he said he earns 1% ROI, Akula just made an example that he could offer 300% return on loans.