Join Australia's most dynamic and respected property investment community

George Fokas

Discussion in 'Other Asset Classes' started by MTR, 26th Aug, 2015.

  1. MTR

    MTR Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    7,378
    Location:
    Perth, Melbourne, USA
    For the seasoned share investors, what can you say about George Fokas.

    I am thinking of going to this presentation by George Fokas, here is an overview what will be discussed

    • How George consistently achieves 2%, 3% and 4% MONTHLY returns;
    • The 3-step process for using this technique to generate cashflow;
    • And how to get started with as little as $2,000 worth of cash or equity.
    Any feedback appreciated.

    MTR:)
     
  2. chylld

    chylld Well-Known Member

    Joined:
    25th Jun, 2015
    Posts:
    595
    Location:
    Sydney
  3. MRO

    MRO Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    163
    Location:
    Perth
    If you can make 4% per month share trading, why is he in the seminar business?
     
  4. MTR

    MTR Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    7,378
    Location:
    Perth, Melbourne, USA
    always prepared to learn, also market going pear shaped does this mean potential opportunities. Trading probably won't suit me, but curious to know more regardless

    MTR:)
     
  5. Nick Valsamis

    Nick Valsamis Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    504
    Location:
    Sydney
    Depends how much of his money he wants to risk. If it's a smaller amount then 4% isn't much in dollar terms and therefore does seminars for additional income.
     
  6. Soul

    Soul Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    90
    Location:
    Melbourne

    I am not sure what products he is recommending to trade. The higher the leverage, higher the profit or LOSS. First step for novice, learn and try not to loose by stock trading. Once you understand the process well, Check your RISK tolerance and move on to CFD, warrants, options etc.

    The best I know who have been making money have win loss ratio of 60:40 and average profit of 10-12% year.

    Also, do not forget their subscription fees.
     
  7. barnes

    barnes Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    674
    Location:
    Adelaide
    If a person consistently makes 4% a month he can always trade with bigger lots and not bother doing seminars, except when they are free of charge. But if he is doing seminars, it raises questions about his trading ability.
     
  8. mrdobalina

    mrdobalina Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    990
    Location:
    On the ski slopes
    I'm sure there won't be any mention of the months he consistently losses 3%, 4% and 5%.
     
    oracle, The Falcon and MTR like this.
  9. Nick Valsamis

    Nick Valsamis Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    504
    Location:
    Sydney
    Problem is that if he charged for the seminars then less people would come meaning he has less prospects to sell his course to.

    The guy doesn't have to be a top professional to teach people things they don't know.

    So the free seminar is good for people that don't know anything about covered calls.
     
  10. Redwing

    Redwing Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    838
    Location:
    WA
    Have heard of him, one of Nik Halik's (The Thrillionaire) mob
     
  11. The Falcon

    The Falcon Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    957
    Location:
    Sydney
    Wow, George has found the money tree!

    24-48% per annum! And nobody else knows his secret techniques so they haven't been arbitraged away. And no, surprisngly instos haven't paid billions for his genius, he's selling the secret to plebs at seminars! Amazing! Take my money George!!
     
    Cactus, Excalibur1, radson and 3 others like this.
  12. MRO

    MRO Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    163
    Location:
    Perth
    I used to work in small business tax many years ago. I did the tax returns for a person who taught share trading. He had accumulated significant trading losses from his his own share trading and was using his income from teaching share trading to repay the borrowings on his failed trades. How ironic.
     
    Colin Rice and charttv like this.
  13. Player

    Player Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    347
    Location:
    Paradiso
    He will push covered calls on the US market.

    MTR........stay away
     
    charttv likes this.
  14. Redwing

    Redwing Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    838
    Location:
    WA
    A good post from SS

    Though keep in mind also there were similar posts to Luce.Rocks on venturing into Forex


    Originally Posted by Xenia 10-06-2006, 07:01 PM
    I was trading options (mainly option writing) for a few years, I made and lost alot of money but overall ended up with a loss and alot of wasted time!

    Options on shares is a billion dollar business, but so is teaching options trading. Gurus tend to preach it as a thing that you do in your spare time to make money. Then put the money into real estate.

    After trying it out, I think nothing could be further from the truth.

    It is like starting a small business, you need hefty training, you need lots of time and you need a large capital, if you dont have at least $50,000 trading capital that you are prepared to loose DONT BOTHER!!!!

    Gurus will tell you that you can do it with less, even $10,000, but the truth is that even a small wiggle in the market can devistate an undercapitalised options trader, even if they are good! The most successfull people I know that do this full time and make money have capitals of $5 million or more!!!

    If you are a property millionaire with alot of spare time and disposable income, by all means go and learn the trade! If you dont make it, it wouldnt matter. If you are depending on the income or cant afford to loose money, Keep the hell out of something as volatile as trading Options. You will just be wasting your time and money! Remember most businesses loose money while they are getting established!

    One of the best books I can recomend is Trading for a living by Alexander Elder!
     
    Soul and Excalibur1 like this.
  15. Redwing

    Redwing Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    838
    Location:
    WA
  16. Nick Valsamis

    Nick Valsamis Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    504
    Location:
    Sydney
    Forex is a different game. It can literally be the lowest dollar risk investment product.
     
  17. Bayview

    Bayview Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    2,716
    Location:
    Mornington Peninsula
    I can make 4% per month - sell a tyre I've had on the shelf for 12 months, at 50% mark-up :p
     
  18. DanW

    DanW Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    400
    Location:
    Sydney
    Better start seminars on tyre trading, maybe we need some derivatives for tyres. Makes more money than oil futures
     
  19. spludgey

    spludgey Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    679
    Location:
    Sydney
    It's even compounded, so it's 27% to 60%!
     
    The Falcon and Redwing like this.
  20. mrdobalina

    mrdobalina Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    990
    Location:
    On the ski slopes
    George Soros gave me a call. He's looking for someone to manage his $20 billion hedge fund. Should I point him to George Fokas and his 4% monthly returns, or will he be too busy running seminars?
     
    charttv, DanW and Player like this.