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How fx manager get investors?
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Chikot

Member Since Jan 14, 2010  2299 posts Chikot Nov 04 2010 at 07:25
Ok, this is pointless debate.
I am sure that no one here started with $500-1000 and then after many years of living modestly and cutting expenses, losing family in the process, started earning from their grown account.
It is a vision a la Jesse Livermore , however it is not a real life. There is saying, Money attracts money and $1000 is not attracting money. To start the process there must some kind of absolutely necessary minimum capital. Sometimes it is simply impossible to cut any expenses to put more into trading account. But here the catch. if trader trades his small money and this is the only money he can afford to trade and lose and has no other to add, it says something about this trader. I know some guys from this and Oanda forum who have been at it for years and still cannot succeed in the long run. Because they have very very comfortable living and recharged their account numerous times, because they have got a lot of cash.
This is the guys who have material base to succeed based upon their own money.
But their psychological state is not right.


'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.
Here Elite Trading Team, you say that everyone is same. Some are idiots and some are not. Some are in for a quicky but some are in for a long term goal.
I personally would not do it. Some one might. No all traders made same.
And almost all guys about whom you hear and who mad eit big trade OPM and not their own money unless they have cerious capital or backing from their rich family which is also OPM.

Chikot

Member Since Jan 14, 2010  2299 posts Chikot Nov 04 2010 at 07:27
My goal always was and is to reach high level of competence and employ my skills to help other people grow their capital with reasonable returns and solid risk control over long term.

WorldTrader

Member Since Nov 09, 2010  54 posts WorldTrader Nov 10 2010 at 05:27 (edited Nov 10 2010 at 05:28 )
All need to atract investors is consistency, that is what they want, and that is how i got mine too, once u are consistence, they will start coming to ya, a friend of mine is now managing up to 2m accounts, and my target is fo mine to get up to 5m before this year runs out

Slow But Steady
pipinvestment1

Member Since Aug 14, 2010  219 posts Will Schaarrand (pipinvestment1) Nov 13 2010 at 03:19

Chikot posted:
  started with $500-1000--- Money attracts money--- and $1000 is not attracting money. ---got a lot of cash.
 ---to succeed based upon their own money---more (greed), -- $1k in their account, just imagine what they can earn with $100k -----money ----- a long term goal.

 their own m= capital

You talk a lot about the $$$ and not enough about the ' Long Term Goal'

1 pip at a time
Chikot

Member Since Jan 14, 2010  2299 posts Chikot Nov 16 2010 at 00:59
Long term goal is to become a very good trader. The rest will come.


pipinvestment1 posted:
    
Chikot posted:
  started with $500-1000--- Money attracts money--- and $1000 is not attracting money. ---got a lot of cash.
 ---to succeed based upon their own money---more (greed), -- $1k in their account, just imagine what they can earn with $100k -----money ----- a long term goal.

 their own m= capital

You talk a lot about the $$$ and not enough about the ' Long Term Goal'


drgoodvibe

Member Since Oct 19, 2009  22 posts drgoodvibe Nov 16 2010 at 23:35
Indeed Elite, very well said talking points. Thanks for that..

Get up, dust yourself off.. and ride!
Youngmogul86

Member Since Nov 24, 2010  6 posts Youngmogul86 Nov 24 2010 at 10:12

Chikot posted:
    Ok, this is pointless debate.
I am sure that no one here started with $500-1000 and then after many years of living modestly and cutting expenses, losing family in the process, started earning from their grown account.
It is a vision a la Jesse Livermore , however it is not a real life. There is saying, Money attracts money and $1000 is not attracting money. To start the process there must some kind of absolutely necessary minimum capital. Sometimes it is simply impossible to cut any expenses to put more into trading account. But here the catch. if trader trades his small money and this is the only money he can afford to trade and lose and has no other to add, it says something about this trader. I know some guys from this and Oanda forum who have been at it for years and still cannot succeed in the long run. Because they have very very comfortable living and recharged their account numerous times, because they have got a lot of cash.
This is the guys who have material base to succeed based upon their own money.
But their psychological state is not right.



Once upon a time, when I was 18 and deployed in the military... I was a bord young man. I discovered 'forex and all its possibilities'... My Captain at the time was my gym buddy... Having had a college education, he would always discuss his 'investments' and, well, shared some of his insight with me. The fact is, I turned $800.00 usd into $200k... Just shy of 9 seperate 100% returns compounded... inside of 3 years. how did I do this? I shot for 12% return per month... and some months got more.. Then it happened... I knew, Just Knew that the Euro was gonna make a move to the downside... Just 1%... And I let it roll 100 to 1... 20 mil short the euro. no SL, no TP.. ok ok.. so you see where this is going.. back to the point.. Yes some people can and do start from the pits of society, the tax return recieving type, the balance my checkbook before I get gas type.. yes. And they can and sometimes WILL astonish you... My disregard and lack of respect for the market decided to turn on me, or maybe I turned on myself... either way.. You can start from almost nil... If you got what it takes to save 800 bucks to fund an account... you have what it takes to make it successful. Its knowing and respecting the beast you've never met thats hard to do. What are you gonna do WHEN your a MM managing OPM? thats the question, and the mindframe you need to manicure before you will ever get their. The truth is... can you handle a 10k loss/gain with no emotion when that represents 1% or less of your NAV?

AIG3

Member Since Dec 01, 2010  3 posts AIG3 Dec 02 2010 at 04:19
After the right mentality and ideaology is obtained, it would be best to become registered with the NFA as a CTA. These kind of crudentials are always helpful and mostly mandatory for QEP's.

The best way to develop AUM is to register with several CTA tracking websites. Most premier websites have certain minimums such as barclays hedge. In order to be ranked, you must have ATLEAST 1000k AUM.

I myself am registered with the NFA but am not currently seeking investors solely because I feel that I can be better.


GOOD LUCK WITH YOUR SEARCH!

Damon

Member Since May 18, 2010  129 posts Damon (Damon) Dec 08 2010 at 12:37
Hey Guys,

I have had a bitch of a time getting clients, 6 months managed account track record sure helps now, but I can still only get people in person. My websites and promotions were all for naught.

It is picking up though, clients FINALLY starting to talk.

I hope it snowballs soon :)

1 pip pip banked is worth more than the rest out in the market.
Chikot

Member Since Jan 14, 2010  2299 posts Chikot Dec 09 2010 at 22:34
I have no problem with either losing or winning.
I will cut loss when it is 1% of my account whether this 1% is $10 000 or 1 million.


Youngmogul86 posted:
    
Chikot posted:
    Ok, this is pointless debate.
I am sure that no one here started with $500-1000 and then after many years of living modestly and cutting expenses, losing family in the process, started earning from their grown account.
It is a vision a la Jesse Livermore , however it is not a real life. There is saying, Money attracts money and $1000 is not attracting money. To start the process there must some kind of absolutely necessary minimum capital. Sometimes it is simply impossible to cut any expenses to put more into trading account. But here the catch. if trader trades his small money and this is the only money he can afford to trade and lose and has no other to add, it says something about this trader. I know some guys from this and Oanda forum who have been at it for years and still cannot succeed in the long run. Because they have very very comfortable living and recharged their account numerous times, because they have got a lot of cash.
This is the guys who have material base to succeed based upon their own money.
But their psychological state is not right.



Once upon a time, when I was 18 and deployed in the military... I was a bord young man. I discovered 'forex and all its possibilities'... My Captain at the time was my gym buddy... Having had a college education, he would always discuss his 'investments' and, well, shared some of his insight with me. The fact is, I turned $800.00 usd into $200k... Just shy of 9 seperate 100% returns compounded... inside of 3 years. how did I do this? I shot for 12% return per month... and some months got more.. Then it happened... I knew, Just Knew that the Euro was gonna make a move to the downside... Just 1%... And I let it roll 100 to 1... 20 mil short the euro. no SL, no TP.. ok ok.. so you see where this is going.. back to the point.. Yes some people can and do start from the pits of society, the tax return recieving type, the balance my checkbook before I get gas type.. yes. And they can and sometimes WILL astonish you... My disregard and lack of respect for the market decided to turn on me, or maybe I turned on myself... either way.. You can start from almost nil... If you got what it takes to save 800 bucks to fund an account... you have what it takes to make it successful. Its knowing and respecting the beast you've never met thats hard to do. What are you gonna do WHEN your a MM managing OPM? thats the question, and the mindframe you need to manicure before you will ever get their. The truth is... can you handle a 10k loss/gain with no emotion when that represents 1% or less of your NAV?

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