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RESCUING ACCOUNTS IN DRAWDOWN

Benjamin Nathan
benbakhsh
Dec 01 2011 at 11:02
73 posts
Im rescuing accounts in drawdown.

Please check out my latest project on my profile and let me know if you want help.

Steve Walker
walker36
Dec 02 2011 at 18:41
1341 posts
good concept.

but if you can save account back then you should make profit.
if you can make profit then why you use this system for your own profit.

there is only one answer which is

the account already dead. so client has already lost a lot.
you use risky but profitable system as grid or other short term profitable but risky system to save it .
if you save it you are great according to the client.
if you fail it is not big deal due the account was already dead.

really good concept.

hope you save some and traders keep trading.

good luck

walker

Steve Walker
walker36
Dec 02 2011 at 18:52
1341 posts
BTW what comission you charge?

JokerGBP (JokerGBP)
Dec 03 2011 at 15:00
5 posts
Can I help you?
What Kinde of help are you neded?

Joker GBP

Benjamin Nathan
benbakhsh
Dec 03 2011 at 17:05
73 posts
Hi Steve,

I am using this system for myself also :)
Max Risk is 1% per trade and hit rate is high.

The strategy used is the same one being used on the Intellitrade rescue account that is linked and verified on my profile.
I started using the strategy on this account in October - feel free to check out the growth charts.

Commission would be the standard 30%.

I aim for a steady geowth on the account, not high risks for high profit.

Cheers, Ben

Steve Walker
walker36
Dec 03 2011 at 17:16
1341 posts
very good.

if you can keep good track record I am sure you can find many clients in FX market as soon as you do a honest job. Which I guess you do.

good luck and happy weekend.

walker

PipGnostic
TheCyclist
Dec 04 2011 at 03:15
724 posts
I been thinking about doing a forex ambulance for a long time. Oanda has 20 000 failed accounts, each with anything from $1 to $100 in them.

Average that out and you have quit a bit of dead money there. At least $ 1000 000 for an API to play with.

Steve Walker
walker36
Dec 04 2011 at 11:45
1341 posts
there is nothing wrong with this concept. there are bunch of traders that loose their equity and can not effort for more. think about those traders. loose their jobs and should live with FX.

Benjamin Nathan
benbakhsh
Dec 04 2011 at 12:00
73 posts
PipGnostic - with this Id only be interested in accounts with a minimum 10k of funds left over to make it worth while with commissions still being the standard 30% - however I agree that those 1k accounts are still worth looking at IF I can get multiple clients.

Steve totally - some of the worlds most successful men have tried and failed at forex however may still have accounts that are failing but still have equity left..

The way I see it if somebody is there to help rescue this account and will only make money buy the profits generated on the account then it is a logical thing to consider.. the more and more profitable months I have on the Intellitrade strategy the more clients will be attracted to this idea.

Also - when it comes to clients handingthe money over I will make sure this is done through the broker so that they feel safe and protected..

The most important thing to note is that my max risk is always 1% so there is no chance of the account being blown.

PipGnostic
TheCyclist
Dec 04 2011 at 13:42
724 posts
But then you're not really rescuing accounts, you're looking for clients.

We know for a fact there's at least a 100 000 losing accounts out there, all of them worth anything from $1 to $10 000. If you're any good then it doesn't matter if it's even $1, the compounding will do the work, get the client and who knows, a year later he might slap down 10k, 100k, whatever....don't let entry amount fool you.

Anybody with half a brain will test the manager first with a small amount. For at least a year or two before putting down a decent amount.


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