New investor seeks managed accounts advice
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Membre depuis Feb 08, 2012 15 messages
CBrider
Feb 14 2012 at 11:49
Hi! This is just what I don't want to get involved with: the cousin Joe-s...
Can a manager hide the signs of Martingale or other dangerous strategies on their charts? How can I defend myself from not being tricked? I used to have an off-road bike tto, a CRF 250! Man it was great fun! Chris |
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Membre depuis Nov 19, 2011 37 messages
Clash Tompson (Clash)
Feb 14 2012 at 13:20
(édité à Feb 14 2012 at 13:21 )
No, it's usually pretty tell tale, unless they are using multiple strategies that include martingale etc. It may be more difficult to figure out what's going on then (via only the graph), but usually this isn't the case. This is where communication comes in though, and knowing shouldn't be a problem. Look at some of these guys and observe how they describe what they're doing
http://www.currensee.com/leaderboard " An expert is a person who has made all the mistakes that can be made in a very narrow field. " -- – Niels Bohr |
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Membre depuis Jan 14, 2012 59 messages
Benjamin Nathan (BenjaminNathan)
Feb 14 2012 at 14:00
Ive been trading 3 years - that's how long it took to develop my strategy - now its a case of time will tell...
PROBABILITIES+RISKMANAGEMENT+CONSISTENCY=SUCCESS! |
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Membre depuis Dec 15, 2011 12 messages
FxPrivManager (FxPrivManager)
Feb 15 2012 at 07:23
Hi, my advice is to put small amounts on PAMM accounts where you can track their record and see what performance they really had instead of viewing nice performance charts or false claims.
Good luck. |
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Membre depuis Feb 08, 2012 15 messages
CBrider
Feb 16 2012 at 12:22
That is a nice find, Clash, thank you! By first sight they seem to know well what they're doing.
It is also a good idea to invest into several PAMM accounts and experience... may be a bit expensive way to study the different options imo. I found an interesting blog on this topic here: http://managedaccount.blog.com/ |
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Membre depuis Feb 08, 2012 15 messages
CBrider
Feb 28 2012 at 09:53
Hi all! Just a little update here for those who are curious.
After having investigated the several possibilities and managed account service providers, and having read some relevant posts I plan to start an investment with Perfecto FX. The blogger (his blog I linked above) shares his experiences and reviews the different services in a very objective way and his posts suggested me to contact Perfecto FX. I have been changing e-mails with them for a week now, they have been very helpful and proved to be very professional. Not only do I plan to start an investment with them but I'm also thinking about joining their Partnership Program as well. They offer some serious commissions!!! The requirements I took into consideration: protected capital, see-through operation, overall control over the investment and professional services like their website and their customer service. Hey, I am starting to be very enthusiastic now, haha :D Cheers, Chris |
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Membre depuis Feb 08, 2012 15 messages
CBrider
Feb 28 2012 at 09:55
Sorry for the double-post. I just forgot the link: www.perfectofx.com
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Membre depuis Feb 24, 2012 77 messages
TradeCopier2012
Feb 29 2012 at 09:31
Hi CBrider,
when I was younger I have ridden a few Kawasakis, yaaa, was a cool time man. Ok, trading a couple of years now I found out for me that there is NO Holy Grail, all depends on market action and the various systems only depend normally to an single behaviour, so you have Greens and Reds all the time. So what I did is to reduce the risk by my pyramid. Starting with small balance and High Risk will be followed by 3 more accounts reducing the risk. Because I trade Grid + Martiangale this is essential for ongoin gain. If the riskiest account will blow up the following one or ones should be still alive so re-funding the High Risk account is no problem...l Dirk |
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Membre depuis Jan 30, 2012 1 messages
HedgeFX.net (hedgefxnet)
Mar 06 2012 at 09:01
I would like to know what is the expectation you have from a fund manager? If your target is above 20% per month then your expected outcome will fit only the wreckless trading style, which gives you almost 100% certainty that you will lose your hardly earned money. With proper money management, the good fund manager cannot guarantee you any monthly gain but usually 5% to 10% is something that can be achieved. So it does not only apply what you are looking for but what is being offered on the market ;) A good manager will not hide from it's investors his trading style but the exact strategy he/she is using (meaning step-by-step trading). Good luck!
Precise Money Management will guide you to success |
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Membre depuis Feb 08, 2012 15 messages
CBrider
Mar 06 2012 at 09:13
hedgefxnet posted: ...If your target is above 20% per month then your expected outcome will fit only the wreckless trading style, which gives you almost 100% certainty that you will lose your hardly earned money. With proper money management, the good fund manager cannot guarantee you any monthly gain but usually 5% to 10% is something that can be achieved. Hi! I so much agree on that. Thankfully I am old enough not to be blinded by huge % profits now. Yesterday I posted my contracts and such to Dukascopy, I opened a Perfecto Premium account, the one with 50% capital protection. Please if you have any experiences with this company share them, I still have got a week or so until the fund deposit!! My expectations from a fund manager? Reliability, transparency, clear and quick answers if I have questions, reliable profit on the long run, no fees if they make losses. Did I forget anything? :D |
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