0:00:05 > 0:00:07I want to live on a different scale to everybody else.
0:00:10 > 0:00:13Money is obviously a limiting factor for life.
0:00:13 > 0:00:16So, if you've got an unlimited amount of money,
0:00:16 > 0:00:18it means you can do whatever you want whenever you want,
0:00:18 > 0:00:20however you want to do it.
0:00:22 > 0:00:25Justyn and Akil are in their early 20s.
0:00:25 > 0:00:27They live on the outskirts of Birmingham.
0:00:27 > 0:00:31There's noble choices, like, you know, get a job, finish college.
0:00:31 > 0:00:33Can you control your dog?
0:00:33 > 0:00:37I used to have a job, but I didn't really like it.
0:00:37 > 0:00:39We might live here, but we're not from here.
0:00:39 > 0:00:42We just think differently.
0:00:42 > 0:00:45I wouldn't be able to do the sort of life I want to live
0:00:45 > 0:00:47if I just did the norm.
0:00:47 > 0:00:51Justyn thinks he's found a way to achieve the lifestyle of his dreams.
0:00:51 > 0:00:52I found trading.
0:00:52 > 0:00:54So now I've been trading for nearly four years
0:00:54 > 0:00:57and now I manage over £1 million.
0:00:57 > 0:01:00But he says a million is just the start.
0:01:00 > 0:01:03He wants to be the richest person in history.
0:01:03 > 0:01:06There's never been a trillionaire before. It's seen as impossible.
0:01:06 > 0:01:10So, becoming a trillionaire is doing whatever you want to do
0:01:10 > 0:01:12and just having no limits to it.
0:01:12 > 0:01:13DOG BARKS
0:01:16 > 0:01:19Justyn and Akil are part of a global phenomenon.
0:01:19 > 0:01:23Like millions of others, they dream of transforming the life by trading.
0:01:23 > 0:01:26Just a few years ago, this would have been impossible.
0:01:26 > 0:01:29But now technology has made the markets
0:01:29 > 0:01:31more accessible than ever before.
0:01:31 > 0:01:33Now anyone can be a trader.
0:01:39 > 0:01:42And I'm going to start this now at 50 million here with me.
0:01:42 > 0:01:4450 million.
0:01:44 > 0:01:47Over a fifth of the world's 100 richest people
0:01:47 > 0:01:50owe their wealth directly to the finance industry.
0:01:51 > 0:01:55Trading and investing on the markets has given them a combined wealth
0:01:55 > 0:01:59of nearly 500 billion and the lifestyle that goes with it.
0:01:59 > 0:02:0180 million. Sold!
0:02:12 > 0:02:15Risking money to make more money...
0:02:15 > 0:02:18is one of the most lucrative industries on the planet.
0:02:19 > 0:02:23Trillions of dollars are traded on the world markets every day
0:02:23 > 0:02:26by people in banks, dealing rooms and hedge funds.
0:02:28 > 0:02:31But what was once the exclusive domain of Wall Street and the City
0:02:31 > 0:02:33is now more accessible to everyone.
0:02:37 > 0:02:40Online trading platforms have opened up the markets
0:02:40 > 0:02:44and their potential rewards - and risks - like never before.
0:02:44 > 0:02:46..the best performing developed market...
0:02:46 > 0:02:48Thousands flock to trading shows,
0:02:48 > 0:02:52dreaming of swapping a 40-hour week for a few clicks of a mouse.
0:02:52 > 0:02:55Beginners can do extremely well from trading,
0:02:55 > 0:02:58even if they have no experience,
0:02:58 > 0:03:01as long as they're given a good strategy.
0:03:01 > 0:03:05Many no longer trust the banks to look after their money.
0:03:05 > 0:03:07It's an appalling travesty.
0:03:07 > 0:03:11Most people are being robbed by the financial institutions
0:03:11 > 0:03:13which they are putting their money into.
0:03:13 > 0:03:16But playing with the big boys isn't easy.
0:03:16 > 0:03:18The odds remain stacked against home traders,
0:03:18 > 0:03:22and only 10% will make a consistent profit.
0:03:22 > 0:03:25But this doesn't seem to put people off.
0:03:25 > 0:03:30It's time that we as individuals learn to take control
0:03:30 > 0:03:32of our own finances, and just get on with it.
0:03:34 > 0:03:38This is a film about just a handful of the 100,000 people in Britain
0:03:38 > 0:03:43who are writing their own financial futures by becoming retail traders,
0:03:43 > 0:03:45trading the markets from home.
0:03:51 > 0:03:54Oh! THEY SQUEAL
0:03:54 > 0:03:58Jane is a mum to three small children all under ten.
0:03:58 > 0:04:00Oh, that was rubbish!
0:04:00 > 0:04:02Along with her husband Alan,
0:04:02 > 0:04:05they live in their rented house in the heart of Devon.
0:04:05 > 0:04:06Oh, there she goes, look.
0:04:08 > 0:04:10For the past two years,
0:04:10 > 0:04:14Jane has also been working away from home every weekend as a nurse.
0:04:14 > 0:04:15Being a mum and working,
0:04:15 > 0:04:19well, they say you're meant to be juggling your career and your family,
0:04:19 > 0:04:22but I just think you're just dropping everything. You're not juggling.
0:04:22 > 0:04:25Sometimes you end up, if you're not careful, just firefighting.
0:04:25 > 0:04:27You all right there? Are you a bit sad?
0:04:27 > 0:04:30'Because you're so exhausted, you just deal with each problem as it comes up.'
0:04:30 > 0:04:33- Mummy, can we have the sandwiches? - Yeah.
0:04:33 > 0:04:36And what goes is your time for yourself.
0:04:41 > 0:04:43Oh!
0:04:43 > 0:04:47'The dream of financial independence, which I think is really important,'
0:04:47 > 0:04:50is your own thing.
0:04:50 > 0:04:53And I think it allows you more time to spend with your family.
0:04:53 > 0:04:55What do you have to do?
0:04:55 > 0:04:58Jane thinks trading might be the answer.
0:04:58 > 0:04:59I was doing the school drop-off one day
0:04:59 > 0:05:02and there's a mum there with a really nice Audi A4 Convertible.
0:05:02 > 0:05:05And I said to my friend, "How can she have that?"
0:05:05 > 0:05:09And she said, "Oh, I think she trades in stocks and shares or something."
0:05:09 > 0:05:11I thought, "Oh, that's interesting."
0:05:11 > 0:05:14So I came home and I Googled trading and I just thought, "Oh, I'll have a go."
0:05:14 > 0:05:16So I just signed up for one
0:05:16 > 0:05:19and just started messing about and having a play.
0:05:19 > 0:05:23It's just so accessible. You can just sit in your house, trading.
0:05:30 > 0:05:32Jane has been trading for nine months.
0:05:33 > 0:05:37My account value is 1.6 million.
0:05:38 > 0:05:41I'm not even sure what it means, but I think it's good.
0:05:42 > 0:05:44Unfortunately, it's not real money.
0:05:44 > 0:05:48It's a demo account, provided by the online platform companies,
0:05:48 > 0:05:51for newcomers to learn how to trade.
0:05:51 > 0:05:56When I see 1.6 million of pretend money, I'm gutted
0:05:56 > 0:05:58that it's not real.
0:05:58 > 0:06:01Sometimes I'll win, like, £50,000 in a trade
0:06:01 > 0:06:03and I'll say to my husband, "£50,000!"
0:06:03 > 0:06:05But he's like, "It's not real."
0:06:07 > 0:06:11It's sad, really, that I can't do it with real money...yet.
0:06:12 > 0:06:16Jane is using a technique called spread betting.
0:06:16 > 0:06:18Unlike other types of trading,
0:06:18 > 0:06:20she's not actually buying or selling anything,
0:06:20 > 0:06:24she simply bets whether a currency will go up or down and by how much.
0:06:25 > 0:06:28Choosing the right trades obviously is important.
0:06:28 > 0:06:32I don't... I failed my maths O-level three times.
0:06:32 > 0:06:33I'm not very good at numbers.
0:06:33 > 0:06:37But what I do, I've just learned to literally look at the chart
0:06:37 > 0:06:39and guess, and think which way it's going to go.
0:06:39 > 0:06:43And if I see one that I think looks like it's going to go up, I'll buy it.
0:06:43 > 0:06:47If I see one that looks like it's going to come down, I'll sell it. It's as simple as that.
0:06:47 > 0:06:50Because if there's no trades on, I won't make any money.
0:06:50 > 0:06:52I think I might put another one on now
0:06:52 > 0:06:55because I've only got four at the moment.
0:06:56 > 0:07:00Jane can trade in almost any pair of currencies imaginable.
0:07:00 > 0:07:03As long as the value of one is changing in relation to the other,
0:07:03 > 0:07:05she could make a profit.
0:07:05 > 0:07:06I'm going to put £1,000 on
0:07:06 > 0:07:09the British pound versus the Japanese yen
0:07:09 > 0:07:11and I hope it comes down.
0:07:13 > 0:07:14Confirm.
0:07:14 > 0:07:16That's the trade. It's on now.
0:07:20 > 0:07:23It's just shot up!
0:07:25 > 0:07:27It's gone massively up now.
0:07:28 > 0:07:31She's hoping that she'll soon be confident enough
0:07:31 > 0:07:32to trade with real money.
0:07:35 > 0:07:36It's gone down to 5,000 now.
0:07:36 > 0:07:396,000. It's all over the place.
0:07:39 > 0:07:43I'm going to let it run and ignore it. Because it's best not to watch.
0:07:43 > 0:07:44It's too stressful.
0:07:44 > 0:07:46I'll look at that in an hour or so.
0:07:49 > 0:07:52Most people can learn the technicalities of trading
0:07:52 > 0:07:53in just a few weeks.
0:07:53 > 0:07:57But making consistent money on the markets is not so straightforward.
0:07:59 > 0:08:02A profitable trader has to predict whether something is going up
0:08:02 > 0:08:06or down, by how much, and then buy or sell at the best time.
0:08:06 > 0:08:08Getting all this right
0:08:08 > 0:08:12while risking your own funds is immensely difficult.
0:08:12 > 0:08:15And 90% of retail traders will lose money.
0:08:17 > 0:08:20- RADIO:- 'The latest unemployment figures out later today
0:08:20 > 0:08:24'are expected to show another fall in number of people out of work.
0:08:24 > 0:08:26'The jobless rate currently stands at...'
0:08:26 > 0:08:30Making sure you're in the winning 10% takes discipline.
0:08:32 > 0:08:34So...
0:08:34 > 0:08:37Charlie Burton has been on an extreme fat loss diet
0:08:37 > 0:08:38for several weeks.
0:08:38 > 0:08:42He's aiming to get his body fat down to 4%.
0:08:42 > 0:08:45The average for a man his age is 20%.
0:08:45 > 0:08:47This is lunch number one.
0:08:47 > 0:08:51And then I have another lunch in a couple of hours.
0:08:51 > 0:08:54He's eating a kilo of meat a day,
0:08:54 > 0:08:57but no sugar, no alcohol and very few carbs.
0:08:57 > 0:08:58If I had a really active job,
0:08:58 > 0:09:01then I would naturally need more carbohydrates in my diet,
0:09:01 > 0:09:05but I don't, because I'm sitting down in the office all day long.
0:09:05 > 0:09:06Right, that's that.
0:09:12 > 0:09:15And I do just clean up as I go along, I can't help myself.
0:09:18 > 0:09:21Charlie has been trading for 17 years and firmly believes
0:09:21 > 0:09:25the right working environment is crucial to his success.
0:09:25 > 0:09:28Because I'm at home, I like it nice and clean.
0:09:28 > 0:09:29Like if you worked in an office,
0:09:29 > 0:09:32you'd have a clean desk or a tidy desk or whatever,
0:09:32 > 0:09:35this is my office, this ground floor of this house.
0:09:35 > 0:09:37I like to keep it clear and clean,
0:09:37 > 0:09:40because it keeps my brain clear for when I'm trading.
0:09:41 > 0:09:45Charlie works from his own dedicated trading room
0:09:45 > 0:09:47kitted out with state of the art equipment.
0:09:48 > 0:09:51It's not a hobby, it's a business.
0:09:51 > 0:09:55My charts cost me not a huge amount, about £200 a month,
0:09:55 > 0:09:57but lots of traders don't even do that.
0:09:57 > 0:10:00You're given free charts through your brokers,
0:10:00 > 0:10:01but it's free for a reason.
0:10:01 > 0:10:05You can probably do eight tenths of what my charts can do up here,
0:10:05 > 0:10:07but I need the full ten tenths.
0:10:08 > 0:10:10Every night, he analyses the market
0:10:10 > 0:10:13and decides how he's going to trade the following day.
0:10:15 > 0:10:17One of the biggest things that most traders get wrong
0:10:17 > 0:10:20is a lack of discipline.
0:10:20 > 0:10:22You have to just be very methodical,
0:10:22 > 0:10:26plan ahead, then just wait for the markets to come to you.
0:10:26 > 0:10:30That's why so many traders lose, unfortunately.
0:10:30 > 0:10:32NEWS REPORT: 'Today's figures will be closely examined
0:10:32 > 0:10:34'for indications that is going to change...'
0:10:34 > 0:10:37Today, the government is releasing UK unemployment figures.
0:10:37 > 0:10:39Traders all over the world
0:10:39 > 0:10:42are trying to guess how the pound will react.
0:10:42 > 0:10:45A lot of retail traders have been trying to cool the top,
0:10:45 > 0:10:47and yet it's just going up and up and up,
0:10:47 > 0:10:48so they're getting caught
0:10:48 > 0:10:50on the wrong side of the market at the moment,
0:10:50 > 0:10:52and all the time they're on the wrong side of the market,
0:10:52 > 0:10:54I want to take the other side of their bet,
0:10:54 > 0:10:57because in the main, the herd are wrong.
0:10:58 > 0:11:02I am going to take a trade shortly, so we're going to...
0:11:02 > 0:11:03Let's, erm...
0:11:03 > 0:11:06Charlie is waiting for the pound to reach its highest value
0:11:06 > 0:11:10so he can buy as many dollars as possible.
0:11:10 > 0:11:13He's then predicting the value of the pound will drop
0:11:13 > 0:11:16and will sell those dollars for more pounds than he bought them for.
0:11:16 > 0:11:18OK, so I'm trading.
0:11:20 > 0:11:24With the press of a button, Charlie has risked several hundred pounds.
0:11:25 > 0:11:27That's what I love about the markets -
0:11:27 > 0:11:30it's a challenge every day.
0:11:30 > 0:11:34An off-day in the markets means that not only are you not getting paid,
0:11:34 > 0:11:36the market's actually going to take money away from you,
0:11:36 > 0:11:38and there's no other job in the world like that.
0:11:41 > 0:11:45His disciplined approach has made him a millionaire.
0:11:45 > 0:11:48Most novice traders think about how much money they can make,
0:11:48 > 0:11:49whereas most professional traders
0:11:49 > 0:11:52focus on how much money they can lose.
0:11:52 > 0:11:54It's a simple recipe for success,
0:11:54 > 0:11:56but it's amazing how many people get it wrong.
0:11:57 > 0:11:59Charlie's instinct was spot on.
0:11:59 > 0:12:02He bought at the right time.
0:12:02 > 0:12:05I've banked over £700 so far in this trade.
0:12:06 > 0:12:10If I can make £1,000 or somewhere round about whatever it would be,
0:12:10 > 0:12:13approaching £1,000, then pretty much that's me done for the day.
0:12:16 > 0:12:19PIGEONS COO
0:12:22 > 0:12:26Justyn and Akil's trading empire is run from Justyn's parents' house.
0:12:29 > 0:12:32While Akil runs the day-to-day business,
0:12:32 > 0:12:35all of the trading is done by Justyn...
0:12:35 > 0:12:37in his bedroom.
0:12:37 > 0:12:39You could say I don't really look like a trader,
0:12:39 > 0:12:42cos a trader should be in London.
0:12:42 > 0:12:44He should wear a suit,
0:12:44 > 0:12:47but I'm just sitting here in whatever clothes I want.
0:12:47 > 0:12:50A lot of the time, I'm sitting in my pyjamas.
0:12:50 > 0:12:54It's a case of you can either look like a trader or actually be one.
0:12:56 > 0:12:58Four years ago,
0:12:58 > 0:13:01Justyn realised his life wasn't going in the direction he wanted.
0:13:01 > 0:13:04I dropped out of college because you know when you see stuff on the TV
0:13:04 > 0:13:07like nice cars and big houses and everything?
0:13:07 > 0:13:10When I was at school, if the person teaching me
0:13:10 > 0:13:13hasn't got any of the stuff that I want, what's the point in listening?
0:13:13 > 0:13:16I looked at what I had, a car and a computer,
0:13:16 > 0:13:18I didn't want to be a taxi driver,
0:13:18 > 0:13:20so I typed, "How to make money online",
0:13:20 > 0:13:23trading came up and then I just looked into it deeper from there.
0:13:24 > 0:13:26He enrolled in a course in London
0:13:26 > 0:13:28and soon discovered home traders like him
0:13:28 > 0:13:32have far less access to market information than the professionals.
0:13:34 > 0:13:35You need to know the news
0:13:35 > 0:13:38and all the economic data releases before everybody else knows them,
0:13:38 > 0:13:39so you need to be able to get that data
0:13:39 > 0:13:41then enter the trade before everybody else,
0:13:41 > 0:13:45but because I never had any access to that sort of thing,
0:13:45 > 0:13:46there was no point in me learning,
0:13:46 > 0:13:49so I just focus completely on the technical side of trading.
0:13:50 > 0:13:53Justyn completely ignores the news
0:13:53 > 0:13:56and instead uses charts built from statistical data
0:13:56 > 0:13:59about how the market has behaved in the past
0:13:59 > 0:14:02to predict what it will do in the future.
0:14:02 > 0:14:04Because history repeats itself,
0:14:04 > 0:14:06you just have to work out the trends,
0:14:06 > 0:14:09apply your technical knowledge and get into the trade.
0:14:11 > 0:14:15It's about having a consistent plan that stays the same non-stop.
0:14:15 > 0:14:20Whether I'm trading 1,000, 10,000, a million or 100 million,
0:14:20 > 0:14:21it's no different to me.
0:14:23 > 0:14:25Trading is all about percentages -
0:14:25 > 0:14:28the more you trade with, the more you can make,
0:14:28 > 0:14:31so attracting investors can be very profitable.
0:14:33 > 0:14:35Justyn and Akil have set up a business
0:14:35 > 0:14:37where clients can open their own private account
0:14:37 > 0:14:40that corresponds to Justyn's trading account.
0:14:41 > 0:14:42In this kind of trading,
0:14:42 > 0:14:45the investors stand to make profits or losses
0:14:45 > 0:14:48when the trader's account goes up or down.
0:14:48 > 0:14:51The way it works is all the accounts are joined,
0:14:51 > 0:14:54so they all just mirror the same trades, basically.
0:14:54 > 0:14:56It's a really simple model.
0:14:56 > 0:14:58Justyn never actually holds a client's money.
0:14:58 > 0:15:00He just manages other clients' funds.
0:15:00 > 0:15:02So we're not millionaires yet.
0:15:02 > 0:15:05The clients split their profits with the trader
0:15:05 > 0:15:07and also pay a performance fee.
0:15:08 > 0:15:11Justyn has been using social networking
0:15:11 > 0:15:12to display his trading skills,
0:15:12 > 0:15:16putting some of his best trades online for all to see.
0:15:16 > 0:15:18This is a trade that I done.
0:15:18 > 0:15:21The green line shows the price that I got in,
0:15:21 > 0:15:25the red line shows my risks, meaning I can only lose a maximum of 3%.
0:15:25 > 0:15:27The chart continues to go down
0:15:27 > 0:15:29and it ended up taking profit around this level,
0:15:29 > 0:15:32so I risked that much to gain that much.
0:15:32 > 0:15:35The distance between there and there on this one account here
0:15:35 > 0:15:37works out to be...
0:15:37 > 0:15:3923,998.
0:15:41 > 0:15:42On that one account.
0:15:46 > 0:15:49No-one can make as much money as traders do.
0:15:49 > 0:15:52A trader can make a million in a week.
0:15:52 > 0:15:53It's going to be difficult for a business
0:15:53 > 0:15:56to make a million in a week unless you're massive,
0:15:56 > 0:15:58but a trader could just be one guy in a room.
0:15:58 > 0:16:00Trading's going to take us where we need to go.
0:16:04 > 0:16:07Unlike professionals working in financial institutions,
0:16:07 > 0:16:11retail traders can't access the markets directly.
0:16:11 > 0:16:12Many use a broker,
0:16:12 > 0:16:15the intermediary between the trader and the exchanges.
0:16:21 > 0:16:25This is 40 Bank Street, Canary Wharf...
0:16:25 > 0:16:27OK, BG Group, long, 325 shares, yeah?
0:16:27 > 0:16:31..home to Saxo, a bank that makes most of its revenue
0:16:31 > 0:16:35by providing an online broker platform where anyone can trade.
0:16:35 > 0:16:38Stripping emotion out of it, what does that tell you?
0:16:38 > 0:16:40That it's a good stock, they've got the business model right,
0:16:40 > 0:16:44they got the good products out there in the market, people are buying it.
0:16:44 > 0:16:49The role of the team overall is to support our customers
0:16:49 > 0:16:52in their own adventure of trading.
0:16:52 > 0:16:55We've don't actually trade ourselves, for ourselves.
0:16:55 > 0:17:00We assist with news that comes up, potential problems, anything.
0:17:00 > 0:17:02The nitty-gritty of trading.
0:17:04 > 0:17:07Brokers make their money by what's called "the spread".
0:17:07 > 0:17:09They buy direct from the market
0:17:09 > 0:17:12and offer the same products on their platforms at a profit.
0:17:12 > 0:17:17The perfect client for us is an active, profitable client.
0:17:17 > 0:17:19They're trading actively and every time they trade,
0:17:19 > 0:17:21they pay us commission,
0:17:21 > 0:17:24they're profitable so they're here to stay.
0:17:25 > 0:17:28The last thing we want is a client to trade very actively,
0:17:28 > 0:17:32but then blow themselves up within a short period of time and disappear.
0:17:32 > 0:17:34- NEWS REPORT: - 'On the currency markets,
0:17:34 > 0:17:36'the pound was down more than half a cent...'
0:17:36 > 0:17:38The vast majority of online retail traders
0:17:38 > 0:17:41are trading on the biggest market in the world,
0:17:41 > 0:17:46the global currency market, or the forex, worth 5 trillion every day.
0:17:46 > 0:17:49- NEWS REPORT:- 'Against the euro, sterling was down 0.2 of a cent...'
0:17:49 > 0:17:52It's essential, enabling businesses in one country
0:17:52 > 0:17:55to pay for goods or services in another,
0:17:55 > 0:17:59but this only accounts for a fifth of all currency trading.
0:17:59 > 0:18:02The remaining 80% is generated by traders
0:18:02 > 0:18:06- simply speculating for profit. - '..making a euro worth 83 pence.'
0:18:09 > 0:18:13Retail traders are a small but significant part of the forex,
0:18:13 > 0:18:16counting for around 200 billion every single day.
0:18:22 > 0:18:24Rene Muccio is one of them.
0:18:24 > 0:18:27He gets up early every morning to prepare for the markets
0:18:27 > 0:18:28and get in the zone.
0:18:30 > 0:18:32Trading is so rewarding.
0:18:32 > 0:18:36I don't think I've actually felt like this since I was a small child.
0:18:36 > 0:18:38I feel at peace.
0:18:39 > 0:18:41I know what I'm doing, I know what I want to do
0:18:41 > 0:18:43and I know what I want to achieve.
0:18:44 > 0:18:46I look forward to it every day.
0:18:49 > 0:18:53Professional news feeds can cost around £1,000 a month.
0:18:53 > 0:18:55Rene makes do with his tablet.
0:18:56 > 0:18:58My page has got Financial Times,
0:18:58 > 0:19:01Barclays Stockbrokers, then you've got CNN,
0:19:01 > 0:19:05but I'm not good enough yet to have the paid feeds.
0:19:05 > 0:19:08I'm still learning the art of trading.
0:19:08 > 0:19:10That'll take me up to another level.
0:19:14 > 0:19:17The final part of his prep is a refreshing walk around the block.
0:19:18 > 0:19:21Quite often you can wake up, you might be angry,
0:19:21 > 0:19:23erm, sad -
0:19:23 > 0:19:26I want to clear all of that and get...
0:19:27 > 0:19:29..emotionally neutral...
0:19:30 > 0:19:32..so that when I sit down,
0:19:32 > 0:19:35I look at the markets in a completely balanced way.
0:19:37 > 0:19:41I walk with a stick, cos 22 years ago,
0:19:41 > 0:19:44I broke my back in a motorbike accident.
0:19:44 > 0:19:46I was paralysed, I was in a wheelchair,
0:19:46 > 0:19:51so I keep walking to help build up the legs.
0:19:53 > 0:19:54I feel good.
0:19:54 > 0:19:57I've had my coffee, I've been for a walk, it's a lovely morning,
0:19:57 > 0:19:59I'm feeling balanced,
0:19:59 > 0:20:01psychologically neutral...
0:20:01 > 0:20:03Looking forward to the markets.
0:20:09 > 0:20:13Rene's about to pit himself against millions of traders worldwide,
0:20:13 > 0:20:17including hedge funds so large they can move markets.
0:20:17 > 0:20:20I've been doing this now for seven years.
0:20:20 > 0:20:23I knew absolutely nothing about trading.
0:20:23 > 0:20:28I looked at it and I wanted to do it and I believed I could do it,
0:20:28 > 0:20:32and I think in the first week, I lost £2,000.
0:20:34 > 0:20:36I had no idea what I was doing.
0:20:36 > 0:20:38Absolutely criminal.
0:20:39 > 0:20:43Now I have a good understanding of fundamentals,
0:20:43 > 0:20:46a good idea of market sentiment,
0:20:46 > 0:20:51and I have a good basic trading plan.
0:20:52 > 0:20:55Rene looks for volatility in the price of a currency,
0:20:55 > 0:20:58trying to spot good places to enter a profitable trade.
0:21:00 > 0:21:03Dollar-yen has maybe moved five points.
0:21:06 > 0:21:09It hasn't set any patterns yet,
0:21:09 > 0:21:11so I'll just watch it
0:21:11 > 0:21:13and see what it's doing.
0:21:13 > 0:21:15I think, I think, you get to a point
0:21:15 > 0:21:17where you get a genuine feel for the market,
0:21:17 > 0:21:19and once you've got that, you're away
0:21:19 > 0:21:24and that's learning the art of trading and it really is an art form.
0:21:25 > 0:21:27To contain his losses,
0:21:27 > 0:21:30Rene has reduced the amount he trades with each time.
0:21:30 > 0:21:35I trade £1 or £2 per point.
0:21:35 > 0:21:37I've brought it down to the minimum.
0:21:37 > 0:21:39I'm still playing with money,
0:21:39 > 0:21:42because I can't trade if there's not money involved.
0:21:43 > 0:21:46But £1 or £2 keeps it real.
0:21:46 > 0:21:52In the last couple of months, I can tell you I've made no real progress,
0:21:52 > 0:21:54but I'm up by about ten points.
0:21:56 > 0:21:57Which is £10.
0:22:02 > 0:22:04So this is a Porsche 911.
0:22:07 > 0:22:08This car was six figures.
0:22:09 > 0:22:11I got it just under a year ago.
0:22:11 > 0:22:14I didn't even tell Rachel that I'd bought the car.
0:22:14 > 0:22:15It was a bit of a gamble,
0:22:15 > 0:22:18but I thought it was better to ask for forgiveness than permission.
0:22:20 > 0:22:22Charlie's trades are looking after themselves
0:22:22 > 0:22:24and he's taking a break from his screens.
0:22:27 > 0:22:29If you gave someone a sponge and a bucket,
0:22:29 > 0:22:31they would be able to wash a car,
0:22:31 > 0:22:34but when it comes to trading, you either make money or you don't,
0:22:34 > 0:22:39so why is it that so many people, so many traders, can't do it?
0:22:40 > 0:22:42It's not technical ability -
0:22:42 > 0:22:45you'll gradually get the technical ability just with time.
0:22:45 > 0:22:48But you need to be able to cope with the knock backs
0:22:48 > 0:22:52and there are a huge amount of knock backs in trading.
0:22:52 > 0:22:54Most human beings I don't think can cope with it.
0:22:56 > 0:22:59Like many traders, Charlie learned the hard way.
0:22:59 > 0:23:03My first account, I put 40,000 into it and took it up to 250,000
0:23:03 > 0:23:07in the space of six months, something like that,
0:23:07 > 0:23:10then over the following six to nine months,
0:23:10 > 0:23:12I lost the lot.
0:23:12 > 0:23:15I think a lot of people would probably give up at that point.
0:23:18 > 0:23:20Most traders who do give up
0:23:20 > 0:23:24probably didn't quite give it as much as those that do.
0:23:30 > 0:23:32CHILDREN CHATTER
0:23:33 > 0:23:36So far, Jane has only traded on a demo account.
0:23:36 > 0:23:42She's turned a mock £300,000 into 1.6 million in just nine months,
0:23:42 > 0:23:45and she's now convinced she can get similar returns with real money.
0:23:48 > 0:23:51She wants to open her live account with £6,000
0:23:51 > 0:23:54and has come up with a plan to help raise the cash she needs...
0:23:54 > 0:23:56Come on, then.
0:23:56 > 0:23:58KITTENS MEW
0:23:58 > 0:24:02..10 Bengal kittens worth £200 each.
0:24:02 > 0:24:03You coming out?
0:24:03 > 0:24:05Come on, then.
0:24:05 > 0:24:06..six, seven, eight.
0:24:06 > 0:24:09Nine, ten. Yeah, got ten, that's good.
0:24:09 > 0:24:16I've got two litters of five kittens and I've sold six,
0:24:16 > 0:24:20got 4 to go, so that's 1,200 towards trading.
0:24:23 > 0:24:26When you're making a lot of money and it's pretend,
0:24:26 > 0:24:29you've got to try it. I've really got to try it.
0:24:29 > 0:24:32Even if it goes wrong, I've just got to try it with real money
0:24:32 > 0:24:36and these represent the opportunity for me to start doing that.
0:24:37 > 0:24:40I think if you know when you start that you're going to sell them,
0:24:40 > 0:24:42you can handle it. You aware of it from the beginning,
0:24:42 > 0:24:44so you don't get too attached, but this one here,
0:24:44 > 0:24:47I think I might have to keep this one,
0:24:47 > 0:24:49because she's just always cuddling me, aren't you?
0:24:49 > 0:24:52This is going to make a lovely pet, aren't you?
0:24:56 > 0:25:00Jane's husband Alan has also contributed several thousand pounds
0:25:00 > 0:25:01to help her start trading.
0:25:03 > 0:25:06She does enjoy it and she's very passionate about trading,
0:25:06 > 0:25:09but when she first told me about it,
0:25:09 > 0:25:12I was a bit like, "Really? Is that possible?"
0:25:12 > 0:25:14I didn't quite get that you could do it from home.
0:25:14 > 0:25:16..four...
0:25:16 > 0:25:20I don't understand the mechanisms behind it or how it actually works.
0:25:20 > 0:25:22Let's pop you in there.
0:25:22 > 0:25:25If it works, it will offer my family a whole new life,
0:25:25 > 0:25:27a lifestyle, if it works.
0:25:27 > 0:25:29It's a very big "if", though,
0:25:29 > 0:25:31because I'm very aware that it could quite easily go wrong.
0:25:38 > 0:25:41Not all home traders are doing it just to make money.
0:25:43 > 0:25:45Some of them also trade for the sheer excitement.
0:25:47 > 0:25:51Nothing thrills me more than to see zero variance
0:25:51 > 0:25:52at the end of the month.
0:25:53 > 0:25:55If that's OK, I'm OK.
0:25:56 > 0:25:59John Leggett is the founder and administrator of SABOM,
0:25:59 > 0:26:01or Serious About Our Money,
0:26:01 > 0:26:04a trading club with a mature membership.
0:26:06 > 0:26:09Tomorrow is the club's monthly meeting.
0:26:09 > 0:26:11Got to prepare the agenda.
0:26:11 > 0:26:14We have to prepare the valuation of the club.
0:26:16 > 0:26:19Then we do a few slides
0:26:19 > 0:26:23showing our performance against either the FTSE
0:26:23 > 0:26:25or against ourselves a year ago.
0:26:28 > 0:26:32John was the chief financial officer at Boots for over 30 years.
0:26:32 > 0:26:35There is nobody who is more interested in your money than you
0:26:35 > 0:26:38and if you believe anybody else is interested in your money
0:26:38 > 0:26:41for your sake, you are mistaken.
0:26:41 > 0:26:45My opinion is that the people who work in banks
0:26:45 > 0:26:47are very nice, laudable people,
0:26:47 > 0:26:50charming and useless.
0:26:52 > 0:26:54- Morning, Michael.- Hello, Mike.
0:26:54 > 0:26:55How are you?
0:26:55 > 0:26:58Every month, the members of SABOM meet in a local pub
0:26:58 > 0:27:01to discuss how their trading portfolio is performing.
0:27:02 > 0:27:05Well, good morning, everybody.
0:27:05 > 0:27:07ALL: Good morning.
0:27:07 > 0:27:12Welcome to our first meeting of our new financial year.
0:27:12 > 0:27:13There we have it.
0:27:13 > 0:27:15We've not made a big profit this month.
0:27:15 > 0:27:17Must do better.
0:27:20 > 0:27:23The group was originally set up as an investment club,
0:27:23 > 0:27:25buying shares for the long term.
0:27:25 > 0:27:27We found that there was no point in meeting,
0:27:27 > 0:27:29because there was nothing to discuss.
0:27:29 > 0:27:31We'd bought the shares, we were holding the shares
0:27:31 > 0:27:33and somebody would say it's gone up a bit
0:27:33 > 0:27:35and somebody would say it's gone down a little bit.
0:27:35 > 0:27:38And then we took the decision
0:27:38 > 0:27:41that we would move into more active trading.
0:27:42 > 0:27:45Everyone in the club has invested their own money...
0:27:46 > 0:27:50..but the actual trading is entrusted to just a few members,
0:27:50 > 0:27:52including Stan and Michael.
0:27:52 > 0:27:55Michael, let's just think about the conversation
0:27:55 > 0:27:57you and I had earlier on this morning
0:27:57 > 0:28:00when you were trying to persuade me that we ought to buy ASOS
0:28:00 > 0:28:02and I said, "No, not now."
0:28:02 > 0:28:06What was the essence of what each of us was saying? Can you remember?
0:28:07 > 0:28:09No. THEY LAUGH
0:28:09 > 0:28:10There's no fun in investment.
0:28:11 > 0:28:14Full stop. All the fun's in trading.
0:28:14 > 0:28:17That's one of our objectives,
0:28:17 > 0:28:19is to have fun and we have fun.
0:28:19 > 0:28:23- It's actually quite exciting, isn't it, Michael?- It is, yes.
0:28:23 > 0:28:25Trading is, as opposed to investment,
0:28:25 > 0:28:28cos investment, you've got to take a very long-term view...
0:28:30 > 0:28:32..medium term, one year, two years,
0:28:32 > 0:28:37whereas with trading, of course, we have dealt within hours, haven't we?
0:28:37 > 0:28:40We've bought something, just by chance, of course,
0:28:40 > 0:28:44- and sold it within hours. - No, no, I don't agree by chance, no!
0:28:44 > 0:28:47It's was luck...skill, rather.
0:28:47 > 0:28:48- Skill, yeah!- It was skill.
0:28:53 > 0:28:56As one of the designated traders, it's Stan's job
0:28:56 > 0:28:59when to decide when to buy and sell the club's shares.
0:29:00 > 0:29:02Where do we start?
0:29:02 > 0:29:04Well, we look for this volatility,
0:29:04 > 0:29:09that's a huge factor in choosing a share to buy.
0:29:09 > 0:29:13You can trade more frequently and thus make more money
0:29:13 > 0:29:15if you are dealing in shares that are volatile,
0:29:15 > 0:29:17where the price is doing that.
0:29:17 > 0:29:19As opposed to the price doing that.
0:29:20 > 0:29:23Stan wants to buy shares in mining company Rio Tinto.
0:29:25 > 0:29:28It's 3,380.
0:29:28 > 0:29:36It has been down as low as 3,150 within the last month.
0:29:36 > 0:29:40Club rules mean he can only spend £6,000 on any one trade.
0:29:40 > 0:29:42Six...one, two, three...
0:29:42 > 0:29:47It's about 180 shares. I could up it a bit to 190.
0:29:48 > 0:29:50That's the price it's going to cost us.
0:29:50 > 0:29:52We submit the order and I've now got a screen up
0:29:52 > 0:29:55which is asking me to "order confirm",
0:29:55 > 0:29:58so I need to read that very, very carefully.
0:29:59 > 0:30:01And I confirm it -
0:30:01 > 0:30:04you will see, as if by magic, it's appeared there.
0:30:05 > 0:30:07It can be a bit stressful, yeah,
0:30:07 > 0:30:11particularly if you're trying to do a lot all at the same time.
0:30:11 > 0:30:12It's exciting as well,
0:30:12 > 0:30:16particularly that day when we bought and sold ASOS twice in the same day
0:30:16 > 0:30:18and that was really, really...
0:30:18 > 0:30:21We'd never done that before, and that was really brilliant.
0:30:26 > 0:30:29Rene started trading with £10,000.
0:30:30 > 0:30:32He's now down to less than 4,000.
0:30:33 > 0:30:37Recently, he thinks he's seen an improvement.
0:30:37 > 0:30:39My equity curve is going up
0:30:39 > 0:30:41and more importantly,
0:30:41 > 0:30:45my understanding of the way I'm trading
0:30:45 > 0:30:48is becoming a little more precise.
0:30:48 > 0:30:52Rene believes he's finally beginning to crack the elusive art of trading.
0:30:53 > 0:30:57My most exciting trades are where I'm just watching the charts
0:30:57 > 0:31:01and I will enter a chart and I don't even know why I've entered.
0:31:02 > 0:31:06It's something inside my brain saying, "Go long, go short,"
0:31:06 > 0:31:12but it's telling me to do something and those trades don't fail.
0:31:12 > 0:31:14So far, they always seem to win.
0:31:15 > 0:31:17But I don't get enough of them.
0:31:19 > 0:31:22Providing home traders like Rene with access to the markets
0:31:22 > 0:31:26is one of the financial sector's fastest growing industries.
0:31:28 > 0:31:31Online platforms can make money whether a trader wins or loses,
0:31:31 > 0:31:33as long as they trade.
0:31:34 > 0:31:40In 2013, Britain's biggest provider took profits of £192 million.
0:31:43 > 0:31:45For brokers Saxo,
0:31:45 > 0:31:48today is one of the busiest trading days of the month -
0:31:48 > 0:31:51the announcement of US employment figures.
0:31:51 > 0:31:52If the number's massively distorted,
0:31:52 > 0:31:55then there's normally a massive spike in the markets.
0:31:55 > 0:31:59They can move very, very quickly, be very volatile.
0:31:59 > 0:32:01The announcement is due in a few minutes,
0:32:01 > 0:32:04but for those with access to the instant news feeds,
0:32:04 > 0:32:06there are already hints to what it might contain.
0:32:08 > 0:32:10Did they give a number on that, Theo?
0:32:10 > 0:32:11Fisher says,
0:32:11 > 0:32:15"Jobs data significantly affected by the weather."
0:32:15 > 0:32:19So we're reading about number in that, probably.
0:32:19 > 0:32:21The number might not be as good as anticipated,
0:32:21 > 0:32:24so prepare yourself for a bad number
0:32:24 > 0:32:26and probably a decent market reaction.
0:32:26 > 0:32:28You'll have to excuse me.
0:32:33 > 0:32:34One minute, guys.
0:32:38 > 0:32:40- NEWS REPORT PLAYS - Canada On-line.
0:32:41 > 0:32:44"Appalling number, no revision", that's really bad.
0:32:45 > 0:32:46Really bad.
0:32:48 > 0:32:50113, no revision.
0:32:50 > 0:32:52FTSE's gone negative.
0:32:52 > 0:32:54A really bad number, guys.
0:32:54 > 0:32:58The US dollar is off by about 0.3 of a percent at the moment,
0:32:58 > 0:33:00like, instantly. Across everything.
0:33:00 > 0:33:03The numbers might be bad for the US economy,
0:33:03 > 0:33:07but the volatility they've caused is good for trading
0:33:07 > 0:33:10and the brokers are quick to inform their most important clients.
0:33:11 > 0:33:16Hi, Roger, it's Theo here from Saxo. Really bad number from the NFP.
0:33:16 > 0:33:17Dollar is off.
0:33:17 > 0:33:21..trading at the moment of the day's range and now going negative.
0:33:23 > 0:33:26Within just a few seconds, the markets respond.
0:33:28 > 0:33:31It's been a very steady overnight market, around the 136 level.
0:33:31 > 0:33:37Over the number, we've grown up to about 136.40 or .50,
0:33:37 > 0:33:40so that's about 0.25%,
0:33:40 > 0:33:42moving the dollar across a number of currencies.
0:33:44 > 0:33:47All about the game of information, right?
0:33:50 > 0:33:53NEWS REPORT: 'So how was it looking on the share markets today?
0:33:53 > 0:33:56'The big news, of course, was the US jobs figures...'
0:33:56 > 0:33:58'..by a lot of snowy and icy weather,
0:33:58 > 0:34:00'investors have decided the jobs report
0:34:00 > 0:34:02'may not have been as good as they thought.'
0:34:02 > 0:34:04Just a few miles away,
0:34:04 > 0:34:07Rene also watches the monthly figures affect his charts.
0:34:08 > 0:34:11When you've got information coming into the market,
0:34:11 > 0:34:16hitting it hard and different traders interpreting it in a different way,
0:34:16 > 0:34:19to me that's too much volatility. I can't trade it.
0:34:20 > 0:34:22It's pure gambling and I'm not interested.
0:34:24 > 0:34:27Rene has spent years trying to work out the fine line
0:34:27 > 0:34:29between trading and gambling.
0:34:29 > 0:34:33One of the problems I used to have was I would enter a trade,
0:34:33 > 0:34:37of course, I would have a positive expectancy that I was right
0:34:37 > 0:34:40and it would go against me.
0:34:41 > 0:34:44You're down £100 already and you're thinking,
0:34:44 > 0:34:47"Oh, I don't want to lose £100, so I'll wait."
0:34:47 > 0:34:51Then you watch it go down another £10 and you're £200 down
0:34:51 > 0:34:57and it will come down to a level where you think enough is enough.
0:34:57 > 0:34:59You will then stop out the trade
0:34:59 > 0:35:03and you have just gambled away possibly hundreds of pounds.
0:35:05 > 0:35:08Being able to cut your losses and leave a losing trade
0:35:08 > 0:35:12is one of the hardest things to learn for any trader.
0:35:12 > 0:35:14Does that mean you're a loser?
0:35:14 > 0:35:16Does that mean you're a failure in life?
0:35:16 > 0:35:19It comes with an awful lot of baggage.
0:35:19 > 0:35:22So having to close out a losing trade is hard.
0:35:24 > 0:35:26'BBC Radio Devon's travel news.
0:35:26 > 0:35:28'And in Barnstaple,
0:35:28 > 0:35:31'one lane is closed on Braunton Road due to drainage work...'
0:35:31 > 0:35:34Jane is also discovering how emotional trading can be.
0:35:34 > 0:35:37I logged on to do my personal banking
0:35:37 > 0:35:42and I saw that the money was ready,
0:35:42 > 0:35:44which was a bit of a shock, really.
0:35:44 > 0:35:48I remember my legs started trembling and I was really shaking
0:35:48 > 0:35:50and I was just staring at the screen, thinking,
0:35:50 > 0:35:53"That's it now. It's up to me. I've got to do it."
0:35:55 > 0:35:56She has opened a live account
0:35:56 > 0:36:00and has now been trading with real money for six days.
0:36:00 > 0:36:02The first day I made £99.50.
0:36:02 > 0:36:04I'll never forget that figure!
0:36:04 > 0:36:06And the second day it was about 105
0:36:06 > 0:36:09and then I lost £350.
0:36:10 > 0:36:13Jane risked too much money by mistake.
0:36:13 > 0:36:16I put a trade on, thinking it would be about £3.
0:36:16 > 0:36:18I hadn't checked, it was £30.
0:36:18 > 0:36:21It went wrong, so it went wrong really quickly and too much for me.
0:36:21 > 0:36:24So I had to bail out of that trade really quickly
0:36:24 > 0:36:26at minus £350.
0:36:26 > 0:36:28So I was...
0:36:28 > 0:36:31It was a horrible start. It made me feel sick.
0:36:31 > 0:36:32Now she's trading for real,
0:36:32 > 0:36:35Jane's approach has become more methodical.
0:36:35 > 0:36:38I'm a little bit more careful now.
0:36:38 > 0:36:39I've had my fingers burned a couple of times.
0:36:39 > 0:36:42I had some hideous mistakes.
0:36:42 > 0:36:45I do think, now, more before I pull the trigger.
0:36:46 > 0:36:50So I'm just looking at the US dollar and the CNH.
0:36:50 > 0:36:54First of all, I look at it on the four hour chart,
0:36:54 > 0:36:55and it's up.
0:36:55 > 0:36:59Then I look at it on the 30 minute chart, way up.
0:36:59 > 0:37:02And then the five minute.
0:37:02 > 0:37:04I wouldn't buy that one now because it's gone up,
0:37:04 > 0:37:07it's turned around and it might be coming down.
0:37:07 > 0:37:10In fact, I'm going to leave that one altogether. I don't like it.
0:37:10 > 0:37:14Trading with real money is proving harder than expected.
0:37:15 > 0:37:19I feel a little bit anxious, to be honest.
0:37:19 > 0:37:24Silly, reckless, very excited when it's going to profit
0:37:24 > 0:37:26but at the moment,
0:37:26 > 0:37:30lots of mixed feelings, really.
0:37:30 > 0:37:33I'm just looking at the British pound and the Turkish lira.
0:37:33 > 0:37:36I think it might be about to go down but I've lost my bottle.
0:37:36 > 0:37:39I'm going to leave it alone. I'm not...I can't do it!
0:37:42 > 0:37:44Once I'm back in profit I'll be all right
0:37:44 > 0:37:45but I'm still at a loss
0:37:45 > 0:37:49because of that awful thing that happened on the third day.
0:37:49 > 0:37:51But once I resolve that, get in my stride,
0:37:51 > 0:37:54I think I'll be a little bit more...
0:37:54 > 0:37:57confident with my trades.
0:37:59 > 0:38:03..and then Adrian's for dinner on Friday.
0:38:03 > 0:38:06Also, I am doing CrossFit on Saturday morning at Hungerford
0:38:06 > 0:38:09- if you fancy it.- Are you?- Yeah. - What is CrossFit?- CrossFit is...
0:38:09 > 0:38:12Charlie's still in training for his fat loss programme
0:38:12 > 0:38:15and friend Jason is his regular running partner.
0:38:15 > 0:38:17Rhea text me about it at the weekend
0:38:17 > 0:38:19and said it's the hardest work out she's ever had,
0:38:19 > 0:38:22so I thought, "I've got to be all over that."
0:38:22 > 0:38:24Jason is a regular competitor in Ironman,
0:38:24 > 0:38:27an extreme fitness event.
0:38:27 > 0:38:28Charlie's very good to train with.
0:38:28 > 0:38:31He keeps you motivated
0:38:31 > 0:38:35and he's always available for a run
0:38:35 > 0:38:37if I'm home early from work,
0:38:37 > 0:38:42or I want to get out for a lunchtime.
0:38:42 > 0:38:44Nine out of ten times you give Charlie a call
0:38:44 > 0:38:47and he's straight in the car and over
0:38:47 > 0:38:49and we can go for a five, six mile run
0:38:49 > 0:38:54and get any tension worked out from the day.
0:38:54 > 0:38:55It's great.
0:38:57 > 0:39:00He's a person that would not show that he's keen
0:39:00 > 0:39:04but under it all, he's very keen and very competitive,
0:39:04 > 0:39:06although he doesn't show people that.
0:39:07 > 0:39:11I've never seen someone so focused on just eating
0:39:11 > 0:39:14and doing the exercise he needs to achieve a certain goal.
0:39:17 > 0:39:19So you were saying about the Ironman...
0:39:19 > 0:39:22- Yeah, I'm not fit enough yet. I've got lots...- No cake.
0:39:22 > 0:39:25Is it no cake from now on? No chocolate...
0:39:25 > 0:39:28Charlie's reputation has led to an opportunity
0:39:28 > 0:39:31that will take his trading to a whole new level.
0:39:33 > 0:39:34I've been asked to trade a fund,
0:39:34 > 0:39:38- so they're giving me 50 million to trade.- 50 million?
0:39:38 > 0:39:42Yeah, so... Yeah, they got in touch a couple of weeks ago and said,
0:39:42 > 0:39:44"Look, really looking for some traders,
0:39:44 > 0:39:46would you be interested?"
0:39:46 > 0:39:49I thought, "Well, there's no real change to my dynamic,
0:39:49 > 0:39:52"my working day," so I said, "Yeah, I guess so."
0:39:52 > 0:39:55And so it's already started, so it's moved really quick.
0:39:55 > 0:39:58How come they've given you so much money?
0:39:58 > 0:39:59Well, it's not a lot of money, actually,
0:39:59 > 0:40:01cos the fund is running into billions.
0:40:01 > 0:40:04And so what they do is they appoint tranches of money,
0:40:04 > 0:40:07blocks of money, to different traders.
0:40:08 > 0:40:11Charlie will receive a percentage of any profits,
0:40:11 > 0:40:14so trading such a huge fund could make him a lot of money.
0:40:17 > 0:40:20I like the Fiat...the sport one.
0:40:20 > 0:40:23They may not have access to billion pound hedge funds
0:40:23 > 0:40:26but that doesn't mean Justyn and Akil are not well-connected.
0:40:26 > 0:40:29Through their network, they've managed to land introductions
0:40:29 > 0:40:32to a few of the richest young men in Britain.
0:40:34 > 0:40:36Where's the bass, mate? Where's the bass?
0:40:36 > 0:40:38HE TURNS UP THE MUSIC
0:40:38 > 0:40:40Today, they're driving up to South Cheshire,
0:40:40 > 0:40:42also known as the footballer belt.
0:40:42 > 0:40:45This car is a Mercedes C63 AMG.
0:40:47 > 0:40:49It's a 40 grand car, quite fast.
0:40:53 > 0:40:56I think Justyn has trouble handling it sometimes.
0:40:56 > 0:40:58You can't even drive!
0:40:59 > 0:41:01They've come to see Leon Best,
0:41:01 > 0:41:04a premiership footballer who plays for Blackburn Rovers.
0:41:04 > 0:41:06I'm not too sure what Leon is worth
0:41:06 > 0:41:08but I know from the newspapers and stuff like that
0:41:08 > 0:41:11you've got footballers out there that are worth...
0:41:11 > 0:41:13How much is Rooney worth these days, Justyn?
0:41:13 > 0:41:14- He gets about...- 300k a week.
0:41:14 > 0:41:18So, you know, I'm not too sure if it's to that extent
0:41:18 > 0:41:21but it's a considerable amount, I can imagine.
0:41:21 > 0:41:23It's not really a question that we ask.
0:41:23 > 0:41:25The only question we ask is,
0:41:25 > 0:41:27"How much capital can you afford to invest?"
0:41:31 > 0:41:32If this meeting goes well,
0:41:32 > 0:41:36he'll make a serious investment in their trading company.
0:41:40 > 0:41:42Leon is just a few years older than Justyn and Akil,
0:41:42 > 0:41:45and also grew up in the Midlands.
0:41:45 > 0:41:48- Good drive?- All right, all right.
0:41:48 > 0:41:49So, no traffic?
0:41:49 > 0:41:54They have a lot in common, including a love of trainers.
0:41:54 > 0:41:56Before they talk business,
0:41:56 > 0:41:59Leon is keen to show them his new designer range.
0:42:00 > 0:42:02Collection for L'Homme de Maison.
0:42:05 > 0:42:07As you can see, I love my shoes!
0:42:07 > 0:42:10Love your shoes is an understatement, mate!
0:42:10 > 0:42:12These are really nice, actually, you know.
0:42:12 > 0:42:15Leon has over 350 pairs of trainers.
0:42:15 > 0:42:21Like, these boots here are 1,686 of 1,998.
0:42:21 > 0:42:23Original.
0:42:23 > 0:42:25THEY LAUGH
0:42:25 > 0:42:28I always wanted the newest, best pair of shoes
0:42:28 > 0:42:30when I was younger, growing up.
0:42:30 > 0:42:32And a few of my mates would have them
0:42:32 > 0:42:36and I'd always have to wait until they got into the sales to get them.
0:42:36 > 0:42:38So they wouldn't be the new, best ones, then.
0:42:38 > 0:42:40Basically, I want to have this but for cars.
0:42:40 > 0:42:42So I just want to have a massive showroom,
0:42:42 > 0:42:44- just loads of cars in there. - For cars?!- Yeah!
0:42:44 > 0:42:46I just want both. Shoes and cars!
0:42:46 > 0:42:49It's good to be able to come to Leon's house
0:42:49 > 0:42:51because most people won't be able to see these sort of things
0:42:51 > 0:42:55so they won't be able to see it as attainable
0:42:55 > 0:42:56so they won't aspire to have it.
0:42:59 > 0:43:02A few months ago, Justyn opened a demo account for Leon,
0:43:02 > 0:43:06to show him the profit he might make on an investment.
0:43:06 > 0:43:09You're probably going to want to see some past performance, here.
0:43:09 > 0:43:12All the profits and losses you can see.
0:43:12 > 0:43:15Loss is a maximum of 3%, profits are unlimited.
0:43:15 > 0:43:18So on this graph it's 18% profit.
0:43:18 > 0:43:19That was with only 3% risk.
0:43:19 > 0:43:22The downward periods are a lot smaller than the upward periods.
0:43:22 > 0:43:24- More gains.- Yeah, more gains.
0:43:24 > 0:43:27From there to there, in four months...
0:43:27 > 0:43:29- Yeah, things have been tweaked. - That's crazy.
0:43:29 > 0:43:31Since there, everything was tweaked
0:43:31 > 0:43:33and constantly just keep on tweaking everything
0:43:33 > 0:43:35so that everything gets better and better.
0:43:36 > 0:43:37Leon's wealth manager
0:43:37 > 0:43:41has already okayed an investment of £100,000
0:43:41 > 0:43:44but for Leon himself it's more personal.
0:43:44 > 0:43:46I'm not going to just throw 100 grand
0:43:46 > 0:43:49into something that I don't believe in.
0:43:49 > 0:43:50Like, no-one would.
0:43:50 > 0:43:53You hear about all these big bankers.
0:43:53 > 0:43:54They don't know you on a personal level.
0:43:54 > 0:43:57He's come to my house, he knows my family, you know,
0:43:57 > 0:43:58he sees how I live.
0:43:58 > 0:44:00So once you're in that circle,
0:44:00 > 0:44:04if I was to then say to my other friend who's a footballer,
0:44:04 > 0:44:06"Yeah, I am doing this with Justyn,"
0:44:06 > 0:44:09he'd then want to just do it, just because I am doing it.
0:44:09 > 0:44:12- Let's do this.- Yep.- Make it happen.
0:44:23 > 0:44:25The Serious About Our Money trading club
0:44:25 > 0:44:28also understand the value of a bigger fund.
0:44:28 > 0:44:32The 10 members have pooled their resources and trade with £65,000.
0:44:36 > 0:44:40Club members Stan and Michael live 93 miles away from each other
0:44:40 > 0:44:43so every morning they plan the day's trading by phone.
0:44:44 > 0:44:46PHONE RINGS
0:44:48 > 0:44:51Good morning. You have reached the Wheatley residence.
0:44:51 > 0:44:55- This is the butler speaking, how can I help you?- Hi, Stan.
0:44:55 > 0:44:56Morning, Michael.
0:44:56 > 0:44:59- How you doing?- Yeah, OK. - Yeah, I see...
0:44:59 > 0:45:02The call gives them a chance to share useful information.
0:45:02 > 0:45:04Looking at Europe,
0:45:04 > 0:45:08they're all moving along quite nicely as the FTSE is, isn't it?
0:45:08 > 0:45:12Yeah, the London stock market expect it to open about 18 points
0:45:12 > 0:45:14higher than yesterday. Yeah.
0:45:14 > 0:45:17I think we ought to be buying into ASOS...
0:45:17 > 0:45:20Stan thinks he's spotted a possible trade on one of the club's
0:45:20 > 0:45:25favourite shares, ASOS, famous for selling dresses online.
0:45:25 > 0:45:28It's a very interesting price, Stan, ASOS.
0:45:28 > 0:45:30The current offer price is 40.18. Yeah.
0:45:30 > 0:45:34The price is going down but both think it's about to go up.
0:45:34 > 0:45:37Retention's there, we know that, yeah.
0:45:37 > 0:45:40They need to decide when to buy and when to sell.
0:45:40 > 0:45:42You talk about a low limit,
0:45:42 > 0:45:44what about a high limit before we get back in?
0:45:44 > 0:45:48I wouldn't want to let it go much above 40.50.
0:45:48 > 0:45:49Neither would I. No.
0:45:49 > 0:45:52- Right.- OK, so we have an agreement? - Uh-huh.
0:45:52 > 0:45:55Wahey! We have an agreement.
0:45:55 > 0:45:58That's got to be a first.
0:45:58 > 0:46:03Stan is buying £6,000 of ASOS shares at £40.15.
0:46:03 > 0:46:06Now the currency is GBX...
0:46:06 > 0:46:09They've entered the market just in time.
0:46:09 > 0:46:11We just about got it, didn't we, Michael?
0:46:11 > 0:46:13I think that's about the lowest it's been.
0:46:13 > 0:46:17It went 40.15, then it went to 40.14,
0:46:17 > 0:46:20from there on, it's gone upwards.
0:46:20 > 0:46:21That was a good one.
0:46:21 > 0:46:24- Speak to you in about what? Ten minutes?- Yeah.
0:46:24 > 0:46:25- Yeah.- OK, then.- Cheers.
0:46:25 > 0:46:27- Yeah, cheers.- Bye.
0:46:30 > 0:46:34If the price continues to go up to 40.50 as predicted,
0:46:34 > 0:46:37the club will make £50.
0:46:37 > 0:46:41All the skill is actually in choosing the right shares
0:46:41 > 0:46:44to be trading in any way and the club does that
0:46:44 > 0:46:50and, in its wisdom, it more often than not is right.
0:46:50 > 0:46:54We are reliant upon a collective input.
0:46:54 > 0:46:58That's a crucial part of our operation.
0:47:00 > 0:47:03The SABOM members may not realise it but their way of sharing information
0:47:03 > 0:47:07for better trading is at the forefront of new finance.
0:47:09 > 0:47:11For years only the privileged few
0:47:11 > 0:47:14had access to the kind of information and the investment
0:47:14 > 0:47:17that gave them the power to move markets
0:47:17 > 0:47:19but now that's changing.
0:47:19 > 0:47:23There's a new wave of trading activity erupting alongside
0:47:23 > 0:47:25the established banks and brokerages.
0:47:25 > 0:47:29People like us want to disrupt the financial ecosystem and
0:47:29 > 0:47:35the revolution is all about creating more equality through technology.
0:47:35 > 0:47:39It's all about creating more access and more opportunities
0:47:39 > 0:47:40to more people around the globe.
0:47:42 > 0:47:46Yoni Assia's London office is on the 39th floor of One Canada Square.
0:47:47 > 0:47:52So time to shed this idea of using the social index system...
0:47:52 > 0:47:55He's one of a new breed of canny pioneers
0:47:55 > 0:47:58with plans to transform finance with technology.
0:47:59 > 0:48:02We can actually give you access...
0:48:02 > 0:48:06He developed the world's first social trading platform, eToro.
0:48:06 > 0:48:10He wants it to be the Facebook of trading.
0:48:10 > 0:48:13The idea is basically to take the concept of investing
0:48:13 > 0:48:17and merging it into the concept of social networking.
0:48:17 > 0:48:20So people open their investment account with eToro,
0:48:20 > 0:48:22they start trading in the markets
0:48:22 > 0:48:25and every trade and investment they make in the markets
0:48:25 > 0:48:28gets automatically published on their walls.
0:48:28 > 0:48:32The site has 3.5 million users from all over the globe
0:48:32 > 0:48:36who all share their knowledge and ideas about trading.
0:48:36 > 0:48:40You can really see the active discussions everybody's having.
0:48:40 > 0:48:44This guy from Indonesia talking about his gold position
0:48:44 > 0:48:48or this person from Algeria talking about Apple,
0:48:48 > 0:48:50so you can actually see what people are doing
0:48:50 > 0:48:52in their own trading account.
0:48:53 > 0:48:55Users don't just share information,
0:48:55 > 0:48:59they can also copy people they think will make profitable trades.
0:48:59 > 0:49:04Malsolo here is one of our most copied people on the platform.
0:49:04 > 0:49:07You can actually invest 1,000 in him,
0:49:07 > 0:49:09copying every investment he makes in his account,
0:49:09 > 0:49:12directly into your account.
0:49:12 > 0:49:14So if he in his account will make 20%
0:49:14 > 0:49:20then you in your account will make 20% on those 1,000.
0:49:20 > 0:49:22Being copied can be very profitable.
0:49:22 > 0:49:26The site's most popular traders can earn 10,000 a month
0:49:26 > 0:49:29on top of their trading profits.
0:49:29 > 0:49:31But Yoni stresses there is more to it than that.
0:49:31 > 0:49:34Social traders tend to be from a generation
0:49:34 > 0:49:37that is used to sharing everything online.
0:49:38 > 0:49:41They want to have more social features,
0:49:41 > 0:49:44communicate with one another more, have more transparency
0:49:44 > 0:49:48because when people in the big banks around us make decisions,
0:49:48 > 0:49:51their information is just closed there.
0:49:51 > 0:49:56This takes these existing conversations and makes them public,
0:49:56 > 0:49:59makes them accessible for everyone.
0:49:59 > 0:50:02So instead of two people understanding
0:50:02 > 0:50:04and knowing about an idea,
0:50:04 > 0:50:07suddenly 3.5 million can know about it.
0:50:15 > 0:50:19Justyn and Akil have taken advantage of the power of technology
0:50:19 > 0:50:21and social networking from day one.
0:50:21 > 0:50:23How many followers have you got now?
0:50:23 > 0:50:26Now there's over 1,000 followers.
0:50:26 > 0:50:29Justyn's been posting recent activity on Instagram
0:50:29 > 0:50:31to raise his profile.
0:50:32 > 0:50:35- So here's the two recent footballers.- Yeah.
0:50:35 > 0:50:37- This one's Cyrus Christie for Coventry City.- OK.
0:50:37 > 0:50:41The other one is Callum Wilson, he also plays for Coventry City.
0:50:41 > 0:50:42Oh, yeah.
0:50:42 > 0:50:45And being connected to one professional footballer
0:50:45 > 0:50:48has opened the door for others to take a risk on investing.
0:50:48 > 0:50:51What did Callum comment?
0:50:51 > 0:50:54"Let's do this, bro." "We work in." "Nice work."
0:50:54 > 0:50:56Leon coming on board has definitely boosted
0:50:56 > 0:50:58a lot of confidence in other people.
0:50:58 > 0:51:01Two footballers came on as a result of him
0:51:01 > 0:51:04so he's definitely done positive things for us but, you know,
0:51:04 > 0:51:08there's still a big pond out there that we're trying to explore.
0:51:12 > 0:51:16- Do you want some cucumber? - Yes, please.
0:51:16 > 0:51:17It's half-term
0:51:17 > 0:51:20and Jane's children are keeping her and her husband Alan busy.
0:51:20 > 0:51:22It looks like pizza.
0:51:22 > 0:51:26There's times you really want to watch a trade, it's really moving
0:51:26 > 0:51:29and you want to know when you want to pull the trigger and buy
0:51:29 > 0:51:32and then your children want to borrow your iPad to watch Frozen,
0:51:32 > 0:51:35that sort of thing can be quite tricky.
0:51:35 > 0:51:38Or one of them falls over and you've just got to stop everything
0:51:38 > 0:51:41and go and sort them out. That can be very hard.
0:51:41 > 0:51:44I don't imagine City boys having to deal with things like that
0:51:44 > 0:51:47when they're about to put a massive deal on.
0:51:47 > 0:51:49Zoe, yours are ready!
0:51:51 > 0:51:56Jane finally gets the opportunity to check her trades.
0:51:56 > 0:52:01So since eight o'clock, I've taken £50.
0:52:01 > 0:52:05I've done 3 of a tenner and a 20. So I'm quite pleased.
0:52:05 > 0:52:08It's lunchtime and so far today in the background quietly
0:52:08 > 0:52:11I've made £50.
0:52:11 > 0:52:13I like that. It's nice.
0:52:16 > 0:52:19Despite things going well, Jane is still leaving the family home
0:52:19 > 0:52:22every weekend to work as a nurse.
0:52:22 > 0:52:25I've been doing it 20-odd years and I've specialised.
0:52:25 > 0:52:30I'd probably earn about £22-25 an hour.
0:52:30 > 0:52:34So a tenner is like half an hour,
0:52:34 > 0:52:39time spent out of the house, doing that, away from the family.
0:52:41 > 0:52:44It's quite physical. It's quite exhausting, nursing.
0:52:44 > 0:52:47It's much nicer to sit on your sofa with a laptop
0:52:47 > 0:52:50and earn a tenner than go out there and earn it.
0:53:02 > 0:53:05Charlie has now been on his fat loss programme for two months
0:53:05 > 0:53:07and today, he's come to an exclusive city gym
0:53:07 > 0:53:10for the final part of the challenge.
0:53:12 > 0:53:14Come on, mate, five more.
0:53:14 > 0:53:18He's been on a strict regime with no sugar or alcohol for two months.
0:53:18 > 0:53:22To me, it's just a structured plan, just follow the plan
0:53:22 > 0:53:24and you'll get to the end result.
0:53:25 > 0:53:28His wife Rachel has planned a slap-up meal to celebrate
0:53:28 > 0:53:30the end of his diet.
0:53:31 > 0:53:32I love it.
0:53:32 > 0:53:38He worked so hard for it and he looks really good. Really good.
0:53:38 > 0:53:40Very, very proud of him.
0:53:40 > 0:53:42I'm really looking forward to going out for dinner.
0:53:44 > 0:53:48Charlie's also going to be featured in a men's fitness magazine.
0:53:49 > 0:53:53That really is amazing. I'd less shots at the wedding.
0:53:53 > 0:53:56He's very determined.
0:53:56 > 0:53:59He'll have to do it better than anybody else as well.
0:53:59 > 0:54:02That's classic Charlie, that is.
0:54:03 > 0:54:05Despite being away from his desk,
0:54:05 > 0:54:08Charlie is still hoping to have a profitable day.
0:54:08 > 0:54:10Just because I'm down here doing this,
0:54:10 > 0:54:13I still have to have trades into the market.
0:54:13 > 0:54:17My analysis is done so the orders are in and I'm just going to
0:54:17 > 0:54:20let them play themselves out. It's all automatic.
0:54:20 > 0:54:22It's all about risk to reward so whatever happens,
0:54:22 > 0:54:25I'll either lose this much or I'll make that much.
0:54:25 > 0:54:27That's the name of the game.
0:54:27 > 0:54:29The final part of the challenge is
0:54:29 > 0:54:33to see just how low Charlie's managed to get his fat level.
0:54:34 > 0:54:366.1.
0:54:36 > 0:54:374.1.
0:54:37 > 0:54:383.8.
0:54:38 > 0:54:43'I started out at 16% body fat so the goal was to get to about 6%,'
0:54:43 > 0:54:45I think I've probably surpassed that.
0:54:47 > 0:54:50Rich's just measured me and I've come in at 3.3% body fat
0:54:50 > 0:54:53and like Rich says, you can't really get much lower than that.
0:54:53 > 0:54:56It'll be nice to have a small part of our social life back
0:54:56 > 0:54:59but actually I do want to continue
0:54:59 > 0:55:02so the next challenge is going to be to see if I can get bigger with this.
0:55:02 > 0:55:03I've gone really lean
0:55:03 > 0:55:06and now I need to start to try and maintain the leanness
0:55:06 > 0:55:09but get a bit bulk out as well so that's the next challenge.
0:55:09 > 0:55:11Loving it.
0:55:15 > 0:55:18DOORBELL RINGS
0:55:18 > 0:55:19Before he started trading,
0:55:19 > 0:55:24Rene was a successful antiques dealer for 14 years.
0:55:25 > 0:55:27- Hello.- Buongiorno!- You all right?
0:55:27 > 0:55:30RENE SPEAKS IN ITALIAN
0:55:30 > 0:55:33- You speaking Italian today? - James.- Rene!
0:55:33 > 0:55:35Tonight, some of his old friends from the business
0:55:35 > 0:55:37have come round for poker night.
0:55:37 > 0:55:41Also invited is younger sister Roma.
0:55:41 > 0:55:45- Rene, are you having wine or beer? - I'm having beer, thanks.- OK.
0:55:45 > 0:55:47- Are we all put in?- Yeah. - I'm going to put in one.
0:55:47 > 0:55:49Like most brothers and sisters,
0:55:49 > 0:55:52Rene and Roma have always been competitive.
0:55:52 > 0:55:54I'll go 10.
0:55:57 > 0:56:00I'll go five and I'll see you.
0:56:00 > 0:56:03Read 'em and weep. King high.
0:56:06 > 0:56:09Sucker!
0:56:09 > 0:56:10Three of a kind.
0:56:11 > 0:56:14Well-played. I've been losing for seven years!
0:56:14 > 0:56:17THEY LAUGH
0:56:18 > 0:56:21It's the one thing I'd like to think I've perfected.
0:56:21 > 0:56:22Come on.
0:56:22 > 0:56:26Roma has always had reservations about Rene giving up antiques
0:56:26 > 0:56:28for trading.
0:56:28 > 0:56:31As an antique dealer, you were successful and you earned money
0:56:31 > 0:56:34and you could earn money very quickly in three days
0:56:34 > 0:56:37- that could see you through to the month.- Mm-hm.
0:56:37 > 0:56:41So you considered yourself successful?
0:56:41 > 0:56:44No, because although I could make money...
0:56:45 > 0:56:49..I ultimately felt empty inside.
0:56:49 > 0:56:52I could see no purpose in continuing.
0:56:52 > 0:56:55Trading has given me feelings or emotions or has helped me grow
0:56:55 > 0:57:00in a way none of the other businesses ever did or could do.
0:57:00 > 0:57:03But you're still on zero after seven years so how does...?
0:57:03 > 0:57:05Inside, how's your confidence?
0:57:07 > 0:57:09Don't know about confidence,
0:57:09 > 0:57:13my self esteem probably isn't as good as it should be.
0:57:13 > 0:57:14But what am I to do?
0:57:14 > 0:57:17I have found a career that...
0:57:18 > 0:57:23..for want of a better phrase, that I think is worthy of me
0:57:23 > 0:57:25and it's what I would like to do.
0:57:25 > 0:57:30But the bottom line is, financially you're not making the money.
0:57:30 > 0:57:32No.
0:57:34 > 0:57:36But I'm happy in what I do
0:57:36 > 0:57:40but as you're aware my lifestyle is going downhill.
0:57:40 > 0:57:42As your sister, I don't normally give you compliments
0:57:42 > 0:57:46but I do admire your passion
0:57:46 > 0:57:49- for doing something that you absolutely love...- Thank you.
0:57:49 > 0:57:52..even though you know if you went back to antiques tomorrow
0:57:52 > 0:57:55you can earn money but you choose to stick with what you do.
0:57:55 > 0:58:00So either you're absolutely crazy or it's admirable.
0:58:00 > 0:58:01I don't know which but...
0:58:01 > 0:58:05I'm a trader. That's what I want to be.
0:58:05 > 0:58:08- Are you betting?- I'm in five.
0:58:08 > 0:58:10Did anybody bet?
0:58:22 > 0:58:26ASOS shares, it's fallen off a cliff.
0:58:26 > 0:58:29Slow, that's it and relax.
0:58:31 > 0:58:34Pop them down.
0:58:34 > 0:58:37CATS MEOW Are you cross?
0:58:43 > 0:58:47- That's the wrong door! That's the wrong door!- Is it this door?
0:58:47 > 0:58:50It's the wrong door. It's the wrong door!