My friend has opened a live account for management with the clown... It was going fine for one day by taking 1-2 profits, but on the 2nd day (Aug 21) the account started shorting the rising EURUSD in multiple grids causing more than -30% floating DD, so my friend just had to close everything manually and run with what is left...
Consider: if this clown were trading in the opposite direction with the same TP/SL, in two days he could have achieved a 30%+ floating PROFIT, instead of scalping 1-3 pips, then letting the account run into DEEP DRAWDOWN...
Stay away, unless you want to see your account melting down within hours...
** TO HIDE FLOATING DRAWDOWNS SHOWING UP ON THE ACCOUNT THE SELLER STOPS MYFXBOOK UPDATES **
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There is often shown PAMM stats by brokers, especially for new investors. You can look through PAMM managers' performance records, get aquainted with their account conditions, and just choose someone whos successes and conditions you like at most. Such statistics are usually provided for not a short-term traiding, that ensures their stability.
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Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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Past performance is not indicative of future results.