Friday, 9 March 2012

Alex Hope: Successful Trader or Marketing Ploy

As many of you no doubt have read, a 23 year old trader named Alex Hope walked into The Playground (a nightclub in Liverpool) and spent over £200,000 in a nightclub including one 30l bottle of Ace Of Spades Champagne. Story here.

His website was taken down but twitter profile @alexhopefx is still active

The media had a field day as yet another 'overpaid banker' enjoyed extravagance in the midst of recession. Many of us read in disbelief that a 23 year old could amass so much money by simply reading charts #voodooeconomics.

Using some rudimentary knowledge of website registration and advanced googling, I found out that his website, is not even owned by Alex Hope, but by Andrew Philips of 'Business For Life LTD'. The domain itself only in existence for 5 months!

"But who is Andrew Phillips" I hear you say... According to his twitter @andyphillips101 he is an internet marketing and social media specialist.

The plot thickens! This Alex Hope story seems to have got the whole country talking about Playground Liverpool and as the recession is biting much more significantly in Liverpool, it seems that national interest for the price of £30k (rough cost price of the alcohol - even if it was all drunk; even if it was all even opened) is a good deal!

Maybe I am just jealous or just a little skeptical but I believe that this story may have an alterior motive. I cannot believe that: first, a person can amass so much money by purely reading charts. Second, I do not believe that someone with such success on the stock market would celebrate in such an OTT way. Third, traders don't do 'business deals'. Fourth, for £200,000 he could have chartered a jet and flown with 30 of his mates to Vegas for a full week of carnage whilst saving enough money for a luxury car. Fifth, with all the media attention and the mass ownership of camera phones, I am a little astounded that no pictures have appeared linking this guy and the 30l bottle together.

I don't doubt that Alex Hope trades (his twitter has 5k posts which would take a lot of time to conjure up) but I think that he has taken part in this story with the view to enhance his reputation as a trader and maybe gain a few quid selling his story or increasing attendance figures at any trading seminar he decides to run. Charging 200 people for a seminar is a much easier and safer way than punting on currencies with the sole help of charting!

So that's my view, in the meantime I will Tweet up Andy Phillips to see what he has to say on this brilliant story


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