Managed Accounts
forex_trader_80622
Miembro desde Jun 11, 2012
posts 21
Oct 31, 2012 at 11:32
Its not a case of enough money, now 30% you find not unrealistic. I agree especially if you want to blow a account very quickly. Remember leverage worst inverse and is alot harder to make then it is to lose, because the fact is you cant back it up if you have large losses with margin. I feel as though you should study further.
RD123 posted:
If you think a 30% return on Forex is 'unrealistic', I seriously doubt you know anything about Forex.
Ever heard of leverage?
If you are sweating whether or not to invest, then you can't afford to invest. Buy a bank CD or open an IRA and be happy with that.12264 posted:
Good Afternoon All, (AU)
I've been looking into inventing my money into a PAMM account/Managed fund although I'm struggling to find
a reasonable rate of return (monthly) having figures of 30% plus which for me is just to to much risk and
does not seem realistic in my opinion. If someone could point me in the right direction or even recommend a managed
fund you use and what returns you are seeing.
Thankyou.
Geoffrey Reynolds.
forex_trader_29148
Miembro desde Feb 11, 2011
posts 1916
Oct 31, 2012 at 14:41
(editado Oct 31, 2012 at 14:43)
TheLastBear posted:rob559 posted:
you need to use a good martingale ,a good scalper or a very good grid martingale but 30% is very risky trading to be used
I have to disagree strongly.
well, would you let us know of a better idea?
Miembro desde Jul 03, 2012
posts 186
Nov 01, 2012 at 08:33
Well, for starters risk equals the lack of knowledge. You need to understand the markets, do not use leverage that is too high and a martingale? Forex trading is not betting and using an 18th century betting strategy made popular in France is not something I would ever recommend. A martingale goes against anything used in trading.
There is plenty of strategies one can use to achieve a 30% annual return. It is very simple, but not easy and most will never accomplish that.
There is plenty of strategies one can use to achieve a 30% annual return. It is very simple, but not easy and most will never accomplish that.
Pax puts the X in Forex.
forex_trader_80622
Miembro desde Jun 11, 2012
posts 21
Nov 01, 2012 at 09:26
+1
TheLastBear posted:
Well, for starters risk equals the lack of knowledge. You need to understand the markets, do not use leverage that is too high and a martingale? Forex trading is not betting and using an 18th century betting strategy made popular in France is not something I would ever recommend. A martingale goes against anything used in trading.
There is plenty of strategies one can use to achieve a 30% annual return. It is very simple, but not easy and most will never accomplish that.
Nov 01, 2012 at 10:56
12264 posted:
Good Afternoon All, (AU)
I've been looking into inventing my money into a PAMM account/Managed fund although I'm struggling to find
a reasonable rate of return (monthly) having figures of 30% plus which for me is just to to much risk and
does not seem realistic in my opinion. If someone could point me in the right direction or even recommend a managed
fund you use and what returns you are seeing.
Thankyou.
Geoffrey Reynolds.
30% return in Forex market = no big deal.
Handing over one's hard earned money to someone else to achieve returns = BIG RISK.
Why not invest some time to learn forex and then try it out yourself?
If you are insistent on Managed Fund = Make sure that the trader/system you select has been around for a long time; Check the worst performance of the system and ask - could you take that hit in your account?
See how consistent the system/trader has been.
All the best.
Consistent income
Nov 03, 2012 at 17:32
Hey everyone, i was wondering please,
In order to trade OPM using a PAMM account with a broker (let's say FXCM), should I be licenced from the AMF, SEC or any other authority? Or am i just able to trade OPM like that without any legal structure and then receive my profits??
Thank you !
In order to trade OPM using a PAMM account with a broker (let's say FXCM), should I be licenced from the AMF, SEC or any other authority? Or am i just able to trade OPM like that without any legal structure and then receive my profits??
Thank you !
Miembro desde Jan 14, 2010
posts 556
Nov 05, 2012 at 14:59
wahjay posted:
Hey everyone, i was wondering please,
In order to trade OPM using a PAMM account with a broker (let's say FXCM), should I be licenced from the AMF, SEC or any other authority? Or am i just able to trade OPM like that without any legal structure and then receive my profits??
Thank you !
As far as I'm aware no. This business is hardly regulated.
forex_trader_95541
Miembro desde Oct 17, 2012
posts 8
Nov 05, 2012 at 15:05
I'm a UK citizen, and to open PAMM accounts with a UK broker, such as Alapri UK who are one of the bigger brokers you do indeed need to be regulated and licensed by the FSA. This then leaves the alternative option to use a foreign broker, however these seem to be less well regulated, and actually finding out what client protection and broker liquidation protection you have is another ball game all together.
Dec 05, 2012 at 13:54
The best regulated brokers are in Australia. ASIC ensures that Australian brokers MUST open segregated bank accounts for every client. This ensures that if the broker becomes insolvent (goes broke) the brokers creditors CAN NOT access the clients funds (as they can elsewhere in the world.
As far as I'm aware, this safety is not available anywhere else in the world.
Anyone with an account can manage other peoples accounts with or without PAMM.
As far as I'm aware, this safety is not available anywhere else in the world.
Anyone with an account can manage other peoples accounts with or without PAMM.
Wait for the trade to come to you... be patient.
Dec 05, 2012 at 19:27
@pt49 : Do you mean that by law the Australian brokers are required to open a segregated bank account for each and every client, or do you mean that there is a single segregated account in which all the clients funds are placed ?
The market will go up, failing which, it will go down.
Dec 05, 2012 at 21:41
(editado Dec 05, 2012 at 21:42)
wlk1 posted:I just asked my broker and the reply is that the broker has a single segregated account for all clients funds.
@pt49 : Do you mean that by law the Australian brokers are required to open a segregated bank account for each and every client, or do you mean that there is a single segregated account in which all the clients funds are placed ?
In the event a broker becomes insolvent/bankrupt, creditors cannot access the clients funds (apposed to the situation in the USA for instance).
Years ago when Refco went bankrupt, we only got about 10 cents in the dollar back on our frozen accounts after the court cases and the creditors had been paid.
Refco was supposedly the largest retail broker in America at the time. A similar situation is unfolding in America again with MF Global in liquidation.
Wait for the trade to come to you... be patient.
Dec 05, 2012 at 21:49
(editado Dec 05, 2012 at 21:50)
ChallengeFX posted:In Australia the only requirement to manage someones account is that the broker must have your client sign an LPOA giving you permission to trade the account.
I'm a UK citizen, and to open PAMM accounts with a UK broker, such as Alapri UK who are one of the bigger brokers you do indeed need to be regulated and licensed by the FSA. This then leaves the alternative option to use a foreign broker, however these seem to be less well regulated, and actually finding out what client protection and broker liquidation protection you have is another ball game all together.
The broker then gives you limited access to the clients account so you can place trades only. You cannot move funds in or out, only make trades. Commissions to you for managing the account are agreed to between you and your client are managed by the broker each month.
Wait for the trade to come to you... be patient.
Dec 06, 2012 at 15:18
@pt49 : Thanks for the reply. I currently have that arrangement with my broker. For a moment there, I thought you meant that each client would have an individual account.
What are the implications of this arrangement ? From what I understand, only a portion of the total funds would be 'protected' as a certain amount would have to be released to the broker to hold the positions.
What are the implications of this arrangement ? From what I understand, only a portion of the total funds would be 'protected' as a certain amount would have to be released to the broker to hold the positions.
The market will go up, failing which, it will go down.
Dec 06, 2012 at 18:11
When a broker goes bust, they close out all open positions, which would mean the funds committed would return to the segregated account I should think.
I mean, think about it, a creditor could not access funds 'in trade', and funds on a closed trade are in the segregated account, not at the broker.
I mean, think about it, a creditor could not access funds 'in trade', and funds on a closed trade are in the segregated account, not at the broker.
Wait for the trade to come to you... be patient.
Dec 11, 2012 at 07:06
12264 posted:
Good Afternoon All, (AU)
I've been looking into inventing my money into a PAMM account/Managed fund although I'm struggling to find
a reasonable rate of return (monthly) having figures of 30% plus which for me is just to to much risk and
does not seem realistic in my opinion. If someone could point me in the right direction or even recommend a managed
fund you use and what returns you are seeing.
Thankyou.
Geoffrey Reynolds.
In my opinion, in forex market, KEEP money is more importance than MAKE money.
I just can earn 10%-15% monthly with my own EA with MAX Drawdown less than 25%.
I prefer Stable Profit & Safety rather than High Profit & Risky.
Dec 11, 2012 at 20:52
The man was after 'safe' returns and considered 30% drawdown excessive. In my opinion a 25% drawdown (or even a 20%) is also excessive.
There's nothing 'safe' about using a 20-25% drawdown to make 10-15% profit a month.
In my opinion...
'Safe' is being consistent.
'Being consistent' is growing your equity/balance a bit every month, with little to no drawdown.
'Little to no drawdown' is (in my opinion) a maximum of 5% drawdown at ANY time, whether that be daily, weekly or monthly.
'A bit every month' is boring but will double your account every 12 to 18 months.
There's nothing 'safe' about using a 20-25% drawdown to make 10-15% profit a month.
In my opinion...
'Safe' is being consistent.
'Being consistent' is growing your equity/balance a bit every month, with little to no drawdown.
'Little to no drawdown' is (in my opinion) a maximum of 5% drawdown at ANY time, whether that be daily, weekly or monthly.
'A bit every month' is boring but will double your account every 12 to 18 months.
Wait for the trade to come to you... be patient.
Miembro desde Nov 09, 2012
posts 76
Dec 12, 2012 at 10:43
pt49 posted:
There's nothing 'safe' about using a 20-25% drawdown to make 10-15% profit a month.
Actually in this case it's not a profit at all, if you already have lost 25% of your money.
But in general I totally agree with you, man.
If you want to end up with a nonaverage net worth, a “learn from someone else” attitude is paramount. Putting your ego aside and admitting that you don’t know it all isn’t easy, but it is the mindset of true winner ----Paul Tudor Jones.
Miembro desde Jul 03, 2012
posts 186
Dec 23, 2012 at 17:27
RollingStones74 posted:pt49 posted:
There's nothing 'safe' about using a 20-25% drawdown to make 10-15% profit a month.
Actually in this case it's not a profit at all, if you already have lost 25% of your money.
But in general I totally agree with you, man.
In general you should get what you pay for.
Pax puts the X in Forex.
Miembro desde Oct 03, 2012
posts 82
Jan 06, 2013 at 02:40
(editado Jan 06, 2013 at 02:42)
Hi there geoffrey,
Track my account for some months and let me know what you think 😄
https://www.myfxbook.com/members/supertrader91/superb/450775
Track my account for some months and let me know what you think 😄
https://www.myfxbook.com/members/supertrader91/superb/450775
If you work hard consistently eventually you will get it.
Jan 07, 2013 at 07:22
Coincidentally I found this thread and I would like to comment that systems with very little drawdown, must necessarily give a low profit.
Humbly @europips my system (now stopped for technical reasons in myfxbook), actually works with a low profit margin, but stable, with an average of 3.5% drawdown.
In last December obtained a 4% profit.
Systems with very low dd exists, but certainly not with a spectacular profit. So it's hard to find them in places where the only highlights, are the spectacular results.
The problem I have now is like selling my system, because it is clear that with a 4% profit per month, I can not offer it to everyone.
https://www.myfxbook.com/members/europips/europips/416761
I accept suggestions.
Humbly @europips my system (now stopped for technical reasons in myfxbook), actually works with a low profit margin, but stable, with an average of 3.5% drawdown.
In last December obtained a 4% profit.
Systems with very low dd exists, but certainly not with a spectacular profit. So it's hard to find them in places where the only highlights, are the spectacular results.
The problem I have now is like selling my system, because it is clear that with a 4% profit per month, I can not offer it to everyone.
https://www.myfxbook.com/members/europips/europips/416761
I accept suggestions.
