There are threads where you can go advertise your trading accounts, but with stricter rules.
I would like to invite traders to show off their accounts here if they pass certain criteria.
The criteria :
1) The account must be real - no demo's. (please do not argue here that it is the same as a live acc. etc - the idea is not to engage in any arguments) 2) The account must be verified (please do not come and defend your unverified-but-want-to-participate account - there will simply be no interest) 3)DD must not be higher than 40% - (please. Once again. No justification for your above 40% dd, if it is higher - don't participate) 4)The account must be older than 3 months, maybe this is even still too young. 5)No martingales! (it might work for you, and I do not want to engage in an argument - just please keep to yourself and don't participate)
That's it. Only these five things. If your account passes that, feel free to let others know. There will be those that are disgruntled they cannot participate and will try to justify their way of trading, please ignore them - if it works for you, then great - maybe start a new thread and invite others trading that style to participate. - As I said, this place is not for arguing, it is for displaying accounts that potential investors might want to follow based on the criteria above. This thread is not intended to badmouth other trader's ways.
Just because someone posts their account link doesn't mean they are trying to sell their system. Yes, many may be but not all. I have no intentions of selling my ea, just simply wanted to post and share my results as per the thread title. I also don't feel the need to go through the verification process to prove my post. Since I'm not selling it, I don't feel the need to... Just offering the info for interest and as per the thread title.
My Skype chat with James Davis of June 22nd, 2015 ==> Hi [10:53:55] *** James Davis (Forex Fund Manager) has shared contact details with cyptom1. *** [10:53:56] James Davis (Forex Fund Manager): Hi, Thank you for adding me. May I help you, please? [10:55:30] cyptom1: Hi James, I'm from Poland and want to start with Forex [10:56:22] James Davis (Forex Fund Manager): The minimum deposit that we accept is $2,500 in Exness, HotForex, IronFX. With other brokers, the minimum deposit is $5,000.
Let me know if you have any other questions. [10:56:41] James Davis (Forex Fund Manager): Do you have an account in one of the brokers? [10:57:05] cyptom1: Not yet [10:58:24] cyptom1: What is your commission in percentage on managing? [11:05:13] cyptom1: What is your commission in percentage on managing?Please aswer me [11:09:34] James Davis (Forex Fund Manager): We don't charge for any additional fee or commission. We only share the profits. [11:09:39] James Davis (Forex Fund Manager): The profit share depends on the initial deposit:
50% - $2,500 45% - $10,000 40% - $50,000 35% - $250,000 30% - $1,000,00 [11:12:57] cyptom1: OK, I'm planning to open an account with the initial deposit of $2,500. Is that possible? [11:14:33] James Davis (Forex Fund Manager): Yes. Could you tell me your broker's name, please? [11:15:35] cyptom1: Exness [11:16:15] James Davis (Forex Fund Manager): OK. If your account is ready and funded, give us your account Login, Password and Server Name or IP Address, then we can start trading on your account. [11:18:18] cyptom1: Do you need master password or investor password? [11:19:16] James Davis (Forex Fund Manager): Master password. We cannot use Investor Password to trade on your account. It's used only to monitor trades, not trading. [11:24:36] cyptom1: So by the initial deposit of $2,500 your percentage of the profit is 50%, right? [11:26:08] James Davis (Forex Fund Manager): Yes. [11:29:53] cyptom1: I have this proposal to you ==> you fund my account with $2,500 and take yourself not 50% but 90% of the profit, OK? [11:30:31] James Davis (Forex Fund Manager): We are sorry, we can't do that. [11:33:19] cyptom1: 90% is too small percentage? Well, I offer you even 95%, only 5% to me [11:33:32 | Removed 11:34:06] James Davis (Forex Fund Manager): Wiadomość została usunięta [11:35:57] James Davis (Forex Fund Manager): If I have to trade an account with our own deposit, then we can open an account by ourself and trade it. And we don't need to share the profit share to others. [11:45:17] cyptom1: I was waiting for just answer. You afraid to trade your system on your own real account. To me it's a strong proof that your system is a great shit, ha ha ha [11:46:07] James Davis (Forex Fund Manager): You can check our results here : https://www.myfxbook.com/members/James_Davis [11:48:25] cyptom1: Checked, there are NOT verificed accounds. Why?
I have heard a lot say 'I don't have the time to go through the verification process' It takes less than two minutes. You don't have the time. I won't have the interest. You want to sell something - prove your legitimacy to us. Unfortunately there are unscrupulous brokers out there who have a lot to gain by doctoring statements and attracting investors.
Verification process only take a couple a minutes to be done. The whole process of installing the EA and all of that doesn't take more than 10 minutes, it's easy.
I honestly recommend that if one is going to let another 'trader' to operate your money, at least you have to see that the system that trader is using has a proven consistency over at least one year. Don't be foolish and let a trader that has a system only working for a month or two (even with 500%) operate your money.
There are tons of bad Money Managers in the market, it's important to review a trader before you let them put hands on your account.
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.