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almfx

Member Since Feb 13, 2017  180 posts almfx Apr 10 at 20:31
Thank you all dear ones.

If you do not consider any of the above, you are putting your capital at risk.

now i will explain about managed account service:

When you found the system that you want to invest :

* its better to join MAM projects ( if the owner provides ) . Sign LPOA agreement.
* sometime manager is not providing MAM . And wants to manage it directly.
Before the start of trading:
1- deal on Maximum allowed drawdown ( must be equity based calculation )
2- Give him your capital to manage under the rules.
2-1 simply ask your broker to disable trading when your account hit a specific risk level, for example 5% lose in a day.
2-2 always run an EA on your account to close all open positions on +1% above the number you deal with the manager.
2-3 in case of hitting maximum DD allowed . Stop it and communicate with your manager.
* i will share my own EA soon to control your account which is under management .
3- monitor trading style, it must be similar to the main account.
4- never pay any to the manager when there is floating lose or profit on your account. You pay when the account has no open orders.
* Never consider or calculate floating profit because In the blink of an eye, the situation can change.
5-Supervise for at least 1 month before increasing your investment.
6- sometimes they ask you to join the brokerage that they prefer.
6-1 check post #1 section 3-1 . If the broker passes that. You can join.
6-2 never ever join any unreliable brokerage.


Gabriel99

Member Since Oct 07, 2019  34 posts Gabriel99 Apr 17 at 11:30
Important and meaningful information here. Thanks.

spanishtrader799

Member Since Feb 19, 2020  19 posts spanishtrader799 Apr 17 at 12:40
you should write a book! I wish I could've read this before I decided to invest my money into forex :)
i'm pretty sure your tips will help people all over the world. Clear and pretty straightforward.

mdsh7864

Member Since Apr 04, 2020  13 posts mdsh7864 Apr 18 at 12:39
Hello,

Thank you for giving the valuable advise. Yes you are right. We need to follow this tips and rules before strating forex trading. Trading is a risky business. Some people said that they loses their money on forex trading, but first they need to know what is forex and how can they earn from trading. I think some people don't know this ans they were loses their money. Knowledge, technique, practice, research, communication, find good buyer all these things needed for trading. For Its right that we need to follow abd read this tips and rulea before starting trading.

Thank you..

almfx

Member Since Feb 13, 2017  180 posts almfx Apr 28 at 23:15
Thanks you all.

• Why do some accounts have multi digit unreasonable growths ?

Here i explain a method that most of them use:

They do deposit small amount to an account, and then they enter a position In a random direction.
* some of them enter long and short on different accounts, and choose the account which has profitable position.
Then they do withdrawal buggiest part of the account’s balance .
*as withdrawals while having open positions is ignored , they do an internal transfer.
* estimated free margin because of that profitable trade will save the account from margin call.
Then they close position in profit,
And this simply opposing growth calculation algorithm.
* some of them repeat this pattern over and over again. So you can see many withdrawals in their accounts.
* Most of them are hiding their accounts equity/balance and trading history by making them private.

Roberto21

Member Since May 02, 2019  322 posts Roberto21 May 01 at 11:21
i have seen so many traders always looking for a huge investments to kick off Forex. Sometimes they can get maximal result and sometimes they become loser despite of sufficient balance. So what you thinking which is more important , sufficient trading amount or good trading knowledge

SergioNOF

Member Since May 04, 2020  2 posts Sergio (SergioNOF) May 04 at 10:49
as a beginner I think this information is very important and useful for further successful activities

Brick_56

Member Since Apr 18, 2020  24 posts Brick_56 May 05 at 07:06
Thank you for that detailed information. Quite helpful for investors.

frickshow

Member Since Feb 18, 2020  19 posts frickshow May 13 at 16:33
Really nice advises. I hope they will prevent people from losing money.

Dictiony

Member Since Apr 01, 2020  134 posts Dictiony May 19 at 00:31
Definitely, these points will help a new trader to start trading and after some periods of learning he can become a successful trader. Always choose a platform you can trust.

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. 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. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.