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New investor seeks managed accounts advice
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CBrider

Mitglied seit Feb 08, 2012  15 Beiträge CBrider Feb 10 2012 at 15:13
Hi all! I am new here, so let me introduce myself first.

I am Chris from Switzerland. I started trading a year ago, and I have lost a lot of money. I tried different brokerages and a few EAs and still I always lost.

Now I wound like to put my money into a managed account. I do not mind that I will have to pay to the managers, I just want to see profit intead of all the loss.

Have you tried managed accounts? Any advice on how to choose a good manager?

Thx, Chris

Clash

Mitglied seit Nov 19, 2011  40 Beiträge Frank (Clash) Feb 10 2012 at 17:11
Nice bike.

A smart man only believes half of what he hears, a wise man knows which half. -- Jeff Cooper
Staff

Mitglied seit Jul 31, 2009  1257 Beiträge Ethan (Staff) Feb 11 2012 at 10:42
Any advertising for trading accounts/services will be deleted. Please stay on topic - 'Have you tried managed accounts? Any advice on how to choose a good manager?'

Clash

Mitglied seit Nov 19, 2011  40 Beiträge Frank (Clash) Feb 11 2012 at 19:20
Chris,

If a 'manager' says little or nothing at all about his system (especially after you ask to know more) that such be a red flag. It's a pet peeve of mine to see hardcore martingale systems being used yet the manager says nothing about it in the description. Great returns my a$$. Learn to recognize what a martingale equity chart looks like. Just be really careful in general with this whole thing. Due Diligence. That's my 2¢ anyway.

By the way, your username CBrider, do you mean like a Honda CBR? Maybe the classic CB line? The CB550 is the epitome of cafe racer in my opinion.

A smart man only believes half of what he hears, a wise man knows which half. -- Jeff Cooper
theforexcompany

Mitglied seit Feb 06, 2012  3 Beiträge The Forex Company (theforexcompany) Feb 13 2012 at 07:01
Choosing a manager depends on different factors.

Your expected return...This should determine how your account manager will trade your account.
A trader seeking 4% interest would expect his account different from one seeking lets say 1%.
Risk management,Returns,Lot management should center around this majorly.
Be open minded to explore we all through different learning systems and this same diversity appears in getting a
fx managed accounts' service..

My little candid suggestion

Keep it Simple !
CBrider

Mitglied seit Feb 08, 2012  15 Beiträge CBrider Feb 13 2012 at 12:28
Hi Clash,

nice to meet a rider here!! I ride an old CB1300. I have thought about upgrading, but I just love the big beast too much evil
How about you?

I wonder if managers would tell much about their trading system they would have nothing to sell - I mean if he is a pro he won't want to tell his secrets... How much does he have to tell the public in your opinion?




CBrider

Mitglied seit Feb 08, 2012  15 Beiträge CBrider Feb 13 2012 at 12:28
Thanks Ethan for deleting the ads!

Clash

Mitglied seit Nov 19, 2011  40 Beiträge Frank (Clash) Feb 13 2012 at 13:40
There aren't any secrets really in this business. Nobody has a holy grail. A professional could tell everybody on myFxbook his 'secrets' and exactly how he trades and only a handful would be able to mimic his results. There's far too much discipline and other factors involved. Regardless of the overall strategy (as long as it's not something stupid dangerous strategies like Martingale, Grid or pyramiding), you ought to know what kind of risk you're going to be exposed to as an investor. How much is risked per trade, if there are stop-losses or take-profits involved, how many times a day they trade - just to see if it's the right thing you're looking for. Only you can decide that. I think the ads they do around here are mostly terrible. Remember that almost everyone and their cousin Joe can be a 'manager' nowadays.


I tear up the streets on a DRZ-400SM. It's fun. I got a 1973 kawasaki S2A350 two-stroke triple sitting in the barn that doesn't run - waiting to get restored one of these days. A CB1300, that is a beast, nice.

A smart man only believes half of what he hears, a wise man knows which half. -- Jeff Cooper
Clash

Mitglied seit Nov 19, 2011  40 Beiträge Frank (Clash) Feb 13 2012 at 20:23
Also, having a track record separates the herd a bit. If a manager has been in the market for 3 years (a year at the least - otherwise it's foolhardy to consider the person) and is still churning out a profit - something is working and it's worth taking a look.

A smart man only believes half of what he hears, a wise man knows which half. -- Jeff Cooper
aryan111

Mitglied seit Feb 06, 2012  1 Beiträge Aryan sinha (aryan111) Feb 14 2012 at 07:42
This buissness is ant right risk reward investong less and making big rather than investing more and making less its all abt mental emotions tht make u loseq

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