Just to clarify, i neither have any interest in taking anyones money nor would i be able to if i wanted to. The laws on this side of the world do not permit deposit taking unless one strictly has a financial services license so everybody relax. I'm just here to prove that this is possible. I assume this the best place to test my theory that it really is possible to trade and make a good living in the markets. I do have some professional training so I'm at an advantage to most.

I think the guy might be genuine but is not disclosing that he has probably made a very high investment to be able to make 50K per week. What was your investment for you to make 50K per week? Which platform are you using? I recently joined a platform called etoro after some research and put in $100 (screenshot attached)to test the waters, have made 5% in around 15 days but it keeps going up and down. They have this feature that allows one to copy the trades made by others. The guy I am copying invests in the GER30 as well. Have seen the profiles f other traders and can confirm that 50K per week is possible but I also see a number of traders who make big losses. It also needs serious dedication for those who invest themselves and do not simply copy traders.

You have to risk to make money

Better a risk that comes with haircut than one which completely wipes out your capital. 100% loss!

@terry hang in there, even chartists were called cartoonists and dismissed off until they made their mark. Just keep on explaining what it is you are doing.

Now these are respectable questions i can answer.
I'm not gonna tell you my full name but im guessing my Pseudonym gives you an idea. I have a Bachelor of Commerce(Economics & Statistics) from the university of Cape Town. Worked as a dealer for a closed ended hedge fund which recently wound out its first fund. I have never operated a ponzi scheme,therefore no victims and no one shafted.I trade out of either of my apartments home in Westlands or Johannesburg. Over to you.
Who are you? what are your qualifications?how many times have you been shafted? is that why you assume everybody is out to build a ponzi scheme? have you even looked at the link i posted?

I initially put down ZAR120k or USD8100.
I mostly use Saxotrader and Plus 500 as my trading platforms and then Iress for market data.There's no chance of 100% capital loss on one trade. That would be stupidity. I simply use a 6%-8% risk concentration for each trade and limit my trades to 3 maximum per day.I reduce this risk concentration to 2%-4% after each loss.

my 20/20 on this...very interesting

The point is that if one is able to make that much consistently, then one should naturally through compound growth be abale to reach a point where one makes double that using the very same strategies.As the capital increases. So does the risk limit and therefore protential for profit.

Initial capital???????????