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open a SECTION individully for investors in need to find good FX manager vote results

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open a SECTION individully for investors in need to find good FX manager Discussion

Zebra
zebra
Aug 11 2010 at 12:43
55 posts

stevetrade posted:
    I have a suggestion for this actually, rather than have a separate section, simply allow systems to be marked as 'for commercial purposes'. Then add a filter into the systems selection.

Marking your system as 'for commercial purposes' basically restricts your ability to mark anything on the system as private.



That is Perfect... Way to go Steve! After reading the comments on https://www.myfxbook.com/members/robw135/rwfxm/32230

Its probably best if he Apologized to his investors and stopped offering his service until he is willing to display All the Suggestions above. This goes for anyone that is offering 'Strictly Commercial Venues'

A few more fixes on this site and we will have an honest community with Full Transparency.

SIM
pip2cash
Aug 11 2010 at 21:28
423 posts
Hi Admin,

My suggestion to this topic:

I think it is good to add another 2 sub categories under Reviews section which are FX Managers and individual signal providers.
FX Manager for manager that takes fund from investors. Individual Signal provider section should list individual that offer signaling services to investor.

The structure in these 2 categories should be more or less are same with existing Brokers, EAs, Signal Providors. The main purpose is for members in this website to rate, comments and of course to look for individual signal provider and fund managers.

However, who is qualified to be listed? This is the decision of Admin. I mean the decision of admin to set the requirements. But again, my opinion, the requirements should be high. Because you/all of us do not want scammer or low qualities fund managers/signal providers to be listed. If the requirements are not high enough then you are providing something that same with rentasignal - which is everyone can join then provide signal.
You need to filter up those low quality fund managers/signal providers.


Admin, no offences to you and myfxbook but please do not create another market place for forex investor to meet up with scammer. To avoid this, you really need to filter up and tune the requirements to be listed to become higher. If it is about easy to be listed then meaning it is a market place for investor to meet up scammer.

Someone might say that it is not fair if the requirements are too high to be listed, investors manage to filter themselves, investors manage to spot good/quality fx manager by themselves. In my opinion, it is true only for experience fx investor. What about newbie? Do you think they are able to differentiate between scammer and good fx manager?

For those members that do not meet the requirements to be listed, they still can provide fx management and signaling service through usual way, like what is happening now.

So this site must not only help on bridging trader and investors but must also help those newbie to filter out between high quality and low quality. Then you are meeting the whole objective.


Regards,
SIM

SIM
pip2cash
Aug 11 2010 at 21:45
423 posts

szdonnie posted:
    i think maybe it can realize this website, traders, and invetors all-win. sorry for my poor english.


donnie, my 1st vouch have been placed to you. A good suggestion.

SIM

SIM
pip2cash
Aug 11 2010 at 22:12
423 posts
Hi Admin,

In the 2 sub categories (Fund Managers & Individual Signal Providers), you should have voting categories just like in 'Brokers' etc...
I suggest these categories: Pricing, Easy to follow, Support, Performance, Consistency, risk.

Pricing - the commission for fund manager or signaling fee for signal provider.
Easy to follow - maybe only in signal provider, how easy to follow the signal provided.
Support - customer service
Performance - profit return / ROI
Consistency - How consistent of the return?
Risk - How risky is the service? In term of trading style.


We can have more that above listed.

Regards,
SIM

SIM
pip2cash
Aug 11 2010 at 23:54
423 posts
Hi All,

I would like to add another factor for voting. It is something to describe whether the signal/fx management is worth the money. For example, if a signal is charging USD100 monthly, but it only manage to make 100pips per month, then members can vote for it whether this signal is worth the charges or not. For fx management, if the manager asking for 50/50 but he only manage to make few pips, then this is where to vote for it.

Anyone can think of best adjective for this factor?

Regards,
SIM

Steve B (stevetrade)
Aug 13 2010 at 08:46
1408 posts
100 pips per month with a 10 pip stop loss on each trade is a lovely return. 😄

'Value for money' would be my description of it and it is a good idea I think.

11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
SIM
pip2cash
Aug 13 2010 at 09:49
423 posts
hi Steve,

Yes, 'value for money', good to describe about it.

Cheers,
SIM

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