To use chat, please login.
Back to contacts

A simple but a serious question

CS Software
forex_trader_[350575]
Aug 19 2016 at 06:48
8 posts
To fully evaluate if the account is shady or not i Think the best way is to be provide with Investor password

Ben (ben08in)
Oct 26 2016 at 14:30
47 posts
I agree with comments earlier that things that look to good to be true probably are too good to be true...

Trade fast, learn fast, never regret!
AmDiab
May 02 2017 at 09:13
718 posts
Before selecting any PAMM, copy or signal service you need to verify their quality first! Please observe their last 6 months results (minimum), what kind of trading account they are using real or demo? If real, then know their verification status even their broker’s quality! In addition, you have also considered their draw-down level!

Muhammad55
May 04 2017 at 14:41
6 posts
Surely a MYFXBook account is enough? You can then analyse the data easier

kieran (snapdragon1970)
May 04 2017 at 17:57
1945 posts
Muhammad55 posted:
Surely a MYFXBook account is enough? You can then analyse the data easier


Very few people would except a myfxbook account as verification for investment, anything over 20% DD walk away.

"They mistook leverage with genius".
AmDiab
Nov 23 2017 at 15:40
718 posts
wiseinvest posted:
My simple two cents answer.....

To become an autotrader,you need amongst other things:

a 3 months track record
full account verification
drawdown of no more than 50%

There are more.... This is a good guideline in selecting a good MAMM, PAMM, trade copier, signal provider.
For a serious investor these things are a must.

There are a lot of fake accounts that pop up like mushrooms everywhere.. Some of these fake account users have their accounts doctored at unscrupulous brokers and they can get their accounts verified.

So immediately when I see a ridiculous ROI un/verified but on a shady broker, I know it is fake.
Have a look at the ROI offered by these autotrade providers - rarely over 25% a month - to me that is realistic.

As the old adage goes - If it sounds too good to be true, it normally is.. this can be applied to a lot of things in life.

Another phenomenon I frequently encounter..... is accounts that perform stellar for a month or two and then go boom... As a serious investor you want something that has been around for longer.


Well said, long term track record is very much important! In addition, there is no why without fully verified account! By the way, I always prefer manual trading.

kieran (snapdragon1970)
Nov 23 2017 at 17:12
1945 posts
Its a shady business, some genuine people in the business too, most move on to start there own business, if your making money word soon gets around, stay safe and be honest in your trading or it will come back to bite.

"They mistook leverage with genius".
AmDiab
Dec 28 2018 at 07:46
718 posts
snapdragon1970 posted:
Its a shady business, some genuine people in the business too, most move on to start there own business, if your making money word soon gets around, stay safe and be honest in your trading or it will come back to bite.


Trading is a challenging profession and we all should take extra care before opening any single trade; proper market analysis is very much important thus we can identify the market trend.

Topic is locked