To use chat, please login.
Back to contacts

How fx manager get investors?

Wallace
Nov 02 2010 at 15:01
86 posts
Dear fellow fx citizen,

I would like to start a new topic for fx managers to share their experiences in getting potential investors. Posting verified live result in myfxbook.com is certainly one of the good ways in attracting potential investors. Besides this, what fx managers will do to solicit new clients?

Cheers,

Wallace

Wallace Forex Laboratory conducts research on profitable EAs. Our ultimate goal is to create a portfolio of EAs which can provide consistent profit.
SIM
pip2cash (pip2cash)
Nov 02 2010 at 15:07
423 posts
Hi,

This seen like an interesting question.

Hope to have more input.

Thanks,
SIM

Elkart
Elkart (Elkart)
Nov 02 2010 at 17:58
941 posts
I used to be a freelancer in the offshore industry, we all network for work using mostly Facebook. You have the friend feed so if someone is off to a field you know exactly who is hiring and where. You swap leads with the guys at home and after a while you hunt in packs. One guy picks up a project you all do. I've gone from India to Saudi to Taiwan and found the same people there, and the only connection is what you see on Facebook.

Nothing brings the message home like a general 'Thanks guys, been nice, but I'm quitting because my forex pays more. Who wants an account....'

Remember those guys also have their own little hunting packs, it's slightly different for everyone as they know someone you don't, so the message just spreads into new networks, especially if a member of that little hub resigns.

It's just networking, maybe a bit more extreme because of the freelancing, but this is how we operate for normal day-to-day work and business. Whether real life or cyber space, have to work your network. Have to build the relationships and then walk the walk.

The momentum takes a long time to build, but when it starts rolling it's almost impossible to stop.

Elkart
Elkart (Elkart)
Nov 02 2010 at 18:24
941 posts
I love all the web tools, but they don't have a patch on telling people your story, especially if you resigned the day job because the fx pays better....

winsor (winsor)
Nov 02 2010 at 20:34
303 posts
Currensee social networking is very aggressive with their marketing. I am a trade leader with them and lots of their clients are signed up to follow my trading systems.

fpuschmann (fpuschmann)
Nov 02 2010 at 20:40
56 posts
Currensee is a very good site. The trade following system even takes care of lot sizes etc. on the contrary to other systems such as Zulu or Tradency. Greetings to Winsor who is a member of my trading team and vica versa 😉

Will Schaarrand
pipinvestment1 (pipinvestment1)
Nov 03 2010 at 20:22
219 posts
The best way is to be humble and just focus on your trading. You should be able to make enough on your own before you try to manage other peoples money. Once you can make enough on your own, other traders and investors will back you including your friends and family.

Once the news gets out that you trade for a living and you no longer work the 9-5, you will get a lot of attention from word of mouth. Pip by pip, day by day, the capital will increase and your reputation will grow.

We should contact Myfxbook and suggest a Management Board like Currensee has.

Chikot
Nov 03 2010 at 22:34
2299 posts
That's assuming trader at least has some starting capital worth to mention and friends or family who also has spare capital.
I think that someone can trade and even doe snot live from trading profits, he can manage OPM. Obviously trades must show that he can trade with good risk control and make money. This is what myfxbook is for.

pipinvestment1 posted:
    The best way is to be humble and just focus on your trading. You should be able to make enough on your own before you try to manage other peoples money. Once you can make enough on your own, other traders and investors will back you including your friends and family.

Once the news gets out that you trade for a living and you no longer work the 9-5, you will get a lot of attention from word of mouth. Pip by pip, day by day, the capital will increase and your reputation will grow.

We should contact Myfxbook and suggest a Management Board like Currensee has.

Will Schaarrand
pipinvestment1 (pipinvestment1)
Nov 04 2010 at 00:44
219 posts
I would have to disagree with you based on the fact that mass amounts of Account managers fail because they actually think that they are ready to manage OP$.

This website was not designed to find investors. It was designed by traders-for traders to improve their skills based on statistical evaluation. Most contributors to this site are honest traders and investors that want more out of the statistics.

Good traders want to display transparency while investors want the same. As this site continues to improve and as scammers are pushed out, in the end, investors can finally make educational decisions with their money based on the statistics found on these trading systems.

Now from being a member for several months, I've seen many MoneyManagers Come and Go, quite quickly honestly, and they are all the same.
-They think that they are a good trader-some are, some are not.
-They have a proven system
-They do quite well with their own money
However, they want more (greed), they know, if that can gain this much with $1k in their account, just imagine what they can earn with $100k and the only way they can ever reach that sum of money is from investors. So they became a MM.

 Now what often happens is that they want to earn a nice living their first month. They have little to lose and lots to gain. In the end, they can not contain their emotions and they become a rouge trader.

So my advice, is that you need to cut your living expenses to a bare minimum, lose the idea of making a lot of $$$ and start saving until you have enough $ to trade the LOT size that you need in order to meet that monthly goal to live from your own trading. Once you can do this, You will focus on what you '' NEED' to make to survive and not what you 'WANT'.

Once you figure this out, than maybe you will have a chance at becoming a MM.

winsor (winsor)
Nov 04 2010 at 01:09
303 posts
Elite,

Very well said.

Winsor

Please login to comment .