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If a billionaire Wall Street trader called you up today and told you he was just about to pile $10 million into buying or selling a certain currency pair, what would you do?
Because that Wall Street honcho must KNOW something that YOU don’t to pile that much money into that currency pair, right?
What if you had software on your own trading platform that could alert you when ‘smart money’ from the BIG institutional traders like banks, hedge funds enters the market… and….
It’s like being tipped off by a casino dealer at a blackjack table to load up on your bets when the count is in your favor.
I’m a renegade forex trader who used to be employed to a little-know but powerful hedge fund in Westport, CT.
Took a job with a public accountancy firm that promised to pay for my MBA if I worked 3 years with them.
That job sucked but I stuck it through till I used connections to get in as a trader at the hedge fund.
I’d racked up $20,000 in student loans and was on the hook for another few thousand in credit card debt.
Each time I got an offer, I told my bosses and they’d up my salary until offers were coming at me at machine gunfire rate they ultimately offered me an "eat what you kill deal".
In case you don’t know, "eat what you kill" is a popular arrangement among instutional and proprietary traders where a trader doesn’t get paid a salary; they pay themselves from whatever profit they make.
But, of course, if the sales pro is REALLY good, that person can earn way more than the company president.
They’d say the only way you could know was if God tapped you on the shoulder and told you where to place your trade.
Back in the day someone said the earth was flat and didn’t someone come along and say he had evidence to prove the earth is round?
You see, when you work with an instructional trading environment, you see things which you wouldn’t normally see as a retail forex trader.
And when I saw those tell-tale signs, I knew exactly what to do before all the other traders on the floor.
It’s funny… because while all my colleagues were screaming bloody hell as their positions on the wrong side of a move put them in immediate loss, I was smirking in silent victory as I raked in money hand over fist.
Part of my job description required that I be competent in C# and C++ to code software to do the heavy lifting.
It simply sniffed and detected when BIG, SMART money was moving in and told me how to load up my trades.
And without any warm up or pleasantries, one of them said… Read more…