aranciata posted:
@NextGen4FX,

Thanks for your comments. I was thinking that the trader has more expertise than I, and so I should rely on the trader to "get out" at the right time, but with these two signals (Maximus and Frero), that was not the case, and I lost a lot. With another signal that was "going south", Lion, I did close a losing trade before the trader did. Unfortunately for me, I took my funds that had been following Lion and moved them into the Frero MAM!


I am sorry for your losses. Hopefully you can find a trader or more than can help you regain the losses. This is always why its important to diversify and to rely on communities like this and read what others are saying about a trader. Its always important to remember that most of these traders are not professional by any means and you have to use your own judgement at times on when to pull the plug etc. Its always nice to see great gains at the end of the month but always remember that losing money is 10X easier. When you see traders that dont use stop losses or just seem to go well beyond their expected drawdown, that should always raise a flag for anyone. Pay attention to how a trader trades and look for abnormalities in their trading as time goes on as deviation from their trading plans usually indicate issues. I hope this helps and Forex is a big world so I am sure finding a suitable trader to regain will just take some patience. Just remember to always diversify your risks and never put all your eggs in high risk.