To use chat, please login.
Back to contacts

New investor seeks managed accounts advice

CBrider
Feb 10 2012 at 15:13
15 posts
Hi all! I am new here, so let me introduce myself first.

I am Chris from Switzerland. I started trading a year ago, and I have lost a lot of money. I tried different brokerages and a few EAs and still I always lost.

Now I wound like to put my money into a managed account. I do not mind that I will have to pay to the managers, I just want to see profit intead of all the loss.

Have you tried managed accounts? Any advice on how to choose a good manager?

Thx, Chris

Frank
Clash (Clash)
Feb 10 2012 at 17:11
40 posts
Staff (Staff)
Feb 11 2012 at 10:42
1387 posts
Any advertising for trading accounts/services will be deleted. Please stay on topic - 'Have you tried managed accounts? Any advice on how to choose a good manager?'

Frank
Clash (Clash)
Feb 11 2012 at 19:20
40 posts
Chris,

If a 'manager' says little or nothing at all about his system (especially after you ask to know more) that such be a red flag. It's a pet peeve of mine to see hardcore martingale systems being used yet the manager says nothing about it in the description. Great returns my a$$. Learn to recognize what a martingale equity chart looks like. Just be really careful in general with this whole thing. Due Diligence. That's my 2¢ anyway.

By the way, your username CBrider, do you mean like a Honda CBR? Maybe the classic CB line? The CB550 is the epitome of cafe racer in my opinion.

theforexcompany (theforexcompany)
Feb 13 2012 at 07:01
3 posts
Choosing a manager depends on different factors.

Your expected return...This should determine how your account manager will trade your account.
A trader seeking 4% interest would expect his account different from one seeking lets say 1%.
Risk management,Returns,Lot management should center around this majorly.
Be open minded to explore we all through different learning systems and this same diversity appears in getting a
fx managed accounts' service..

My little candid suggestion

CBrider
Feb 13 2012 at 12:28
15 posts
Hi Clash,

nice to meet a rider here!! I ride an old CB1300. I have thought about upgrading, but I just love the big beast too much 😈
How about you?

I wonder if managers would tell much about their trading system they would have nothing to sell - I mean if he is a pro he won't want to tell his secrets... How much does he have to tell the public in your opinion?




CBrider
Feb 13 2012 at 12:28
15 posts
Thanks Ethan for deleting the ads!

Frank
Clash (Clash)
Feb 13 2012 at 13:40
40 posts
There aren't any secrets really in this business. Nobody has a holy grail. A professional could tell everybody on myFxbook his 'secrets' and exactly how he trades and only a handful would be able to mimic his results. There's far too much discipline and other factors involved. Regardless of the overall strategy (as long as it's not something stupid dangerous strategies like Martingale, Grid or pyramiding), you ought to know what kind of risk you're going to be exposed to as an investor. How much is risked per trade, if there are stop-losses or take-profits involved, how many times a day they trade - just to see if it's the right thing you're looking for. Only you can decide that. I think the ads they do around here are mostly terrible. Remember that almost everyone and their cousin Joe can be a 'manager' nowadays.


I tear up the streets on a DRZ-400SM. It's fun. I got a 1973 kawasaki S2A350 two-stroke triple sitting in the barn that doesn't run - waiting to get restored one of these days. A CB1300, that is a beast, nice.

Frank
Clash (Clash)
Feb 13 2012 at 20:23
40 posts
Also, having a track record separates the herd a bit. If a manager has been in the market for 3 years (a year at the least - otherwise it's foolhardy to consider the person) and is still churning out a profit - something is working and it's worth taking a look.

aryan111 (aryan111)
Feb 14 2012 at 07:42
1 posts
This buissness is ant right risk reward investong less and making big rather than investing more and making less its all abt mental emotions tht make u loseq

Please login to comment .