Andrew’s Note: Last Thursday, Jeff and Imre hosted a strategic update on their new trading breakthrough. There, Imre revealed all the details on the strategy that allowed beta testers to bank a 448% return in just 76 days.
Today we’ll share a snippet of their conversation… But if you want to watch the full replay of the event, click right here. It won’t be up much longer… and this is NOT something you want to miss.
Now, read on to find out how Imre got his start… and how anyone can become a trader…
Jeff Clark: You’re responsible for a trading breakthrough unlike anything I’ve seen before. And you’re doing it in a market not a lot of folks think about very much – the currency market.
Since you started trading this breakthrough, you’ve sent 21 trades in total. And 20 of them were winners. That’s a 95.2% hit rate. And the one loss was just 3.3%.
And between July 7 and September 2 last year, members of the initial beta test group could have made a total profit of $19,557 on a $4,000 stake.
That’s a 488% return on your investment in just 76 days.
Profits like these… in a market like the one we’ve been stuck in these past 12 months… are amazing to me. But could your results be just a fluke? Have you just been lucky?
Imre Gams: I sent the first of my 21 trade recommendations only seven months ago. So that’s a fair question. But I have a long history trading currencies – or “forex,” as traders like to call it. That’s short for foreign exchange.
Jeff: Do you have a background in finance, or Wall Street, or anything like that?
Imre: Far from it. After college, I spent nearly five years working for consumer tech giant Apple. And it became clear to me that I didn’t want to spend the rest of my life working for somebody else.
I wanted to do things on my own terms. That’s how I stumbled onto trading…
Jeff: Did you have any trading experience?
Imre: None. But I had been fascinated by the market since I watched the 2008 meltdown as a college student. And after months of research, I decided trading could offer me the income – and the lifestyle – I wanted.
Jeff: So, while you were helping Apple launch the iPhone by day… by night you were trading currencies.
Imre: That’s exactly how it went down. I wanted to trade stocks. But because they only trade during the day, it would have been hard to trade stocks while working a full-time job.
So, I started trading forex almost out of necessity. It’s open 24 hours a day, 6 days a week.
And I had the worst possible start… because I got lucky in the beginning. Then the luck wore off. And there was a time when I was just blowing up accounts left and right. It soon became clear I was hitting a wall.
Jeff: That dovetails with my own experience. And a lot of the best traders I know have been humbled the exact same way.
Imre: In my case, I realized the only thing that could really help me was to find a mentor. So, I took opportunities to work side by side with veteran traders. And that helped a lot.
One of my mentors was Andy Krieger. He’s one of the most aggressive forex traders the world has ever seen. And he’s a legend on Wall Street for the trade he made against the New Zealand dollar right after the 1987 stock market crash.
He made $300 million on that trade for his employer at the time, Bankers Trust.
So, I started dedicating 15, 16, or even 17 hours a day for 8 years straight to researching and developing my method.
Jeff: Seriously? And how long did that process take?
Imre: Well, within the first year, I quit my day job at Apple and was trading full time.
Jeff: So, within a year, you replaced a full-time salary at Apple trading currencies?
Imre: And then some… About two months after I left Apple, I interviewed with Google. They made me an offer. But I turned it down. My trading gave me a new level of freedom and financial security to follow my own path.
Soon I began to manage money for family offices and private clients. I also got requests from professional traders working on large currency desks to teach them my strategies.
For example, I trained the executive director at French investment bank Natixis. Credit Suisse also paid me to train its traders.
Jeff: So just to be clear… You went from blowing up accounts to advising top investment bankers in just a few years?
Imre: Yes… To date, I’ve trained and mentored more than 3,500 traders. I also trade a personal account. Over the past 14 months, it’s up 64%. That compares with a -12.85% loss for the S&P 500.
Jeff: So, what would you say to a beginner – someone with no forex experience… and not a lot of trading experience? Is this something they could do? Doesn’t it require talent to make these calls? Do they need experience to read these charts?
Imre: Honestly, all the talent you need is the ability to follow simple instructions. If you can click open an email… and copy my trades… you can potentially profit.
Jeff: I must admit I’ve always liked the idea of copying the homework answers from the smartest kid in class.
What would you say to someone who might be worried they need a fat bankroll to get started?
Imre: The larger the stake, the higher the potential reward.
But you can get started with a couple of hundred dollars. And because of the leverage, you can control tens of thousands of dollars.
Snowball your profits. Take your original stake off the table. And play with house money.
I typically keep about $10,000 in my forex account. When I double my money, I withdraw my profits and start all over again. So, it’s like I’m trading with “house” money. None of my original stake is at risk.
And that’s my goal for my subscribers. I want them to be able to do the same thing. It’s the ultimate high-upside, low downside strategy.
P.S. To find out how you can become a subscriber to Currency Trader, click right here. You’ll also be able to watch the full replay of this presentation… and see my next trade recommendation.