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usd25,000 waiting for good trader / fund manager
forex_trader_36552
Member Since May 13, 2011
12 posts
May 13, 2011 at 12:50
ok :)) good one
forex_trader_2062
Member Since Oct 24, 2009
178 posts
May 13, 2011 at 12:53
😀
Have a good one brother!
Have a good one brother!
Member Since Jan 14, 2010
2279 posts
May 13, 2011 at 22:30
$25 000 as a testing account is ok. But there should be much bigger carrot behind than $100 000 which is also very small amount for trading FX market considering FX price action and especially with 15-25% which is very low for this kind of money.
Member Since Jan 14, 2010
2279 posts
May 14, 2011 at 00:21
I simply believe that after trader provided track record with good risk control, reasonable returns and was tested on testing account there should be amount to manage enough for trader to make good living by making reasonable returns with good risk.
having trader trade $25-100 000 for this kind of pay practically encourages excessive risk taking.
having trader trade $25-100 000 for this kind of pay practically encourages excessive risk taking.
Member Since May 14, 2011
10 posts
May 14, 2011 at 04:02
Conduct 2 months demo contest and find winner for this
May 14, 2011 at 05:14
Member Since Jan 14, 2010
2279 posts
May 14, 2011 at 10:14
contest is a bad idea. Being good fund manager/ trader is about being a turtle, not a rabbit.
Member Since May 14, 2011
10 posts
May 14, 2011 at 14:37
We can find good trader from contest, based on your requirement..
forex_trader_2062
Member Since Oct 24, 2009
178 posts
May 14, 2011 at 15:42
What the traders do in contest none will do with real money. The high leverage allows then to use very large lot numbers. In some cases, you see that the traders has 1000 % win with 500 pips, again, due to large lot settings and high leverage allowed, hence, in my opinion, this will not do. What is important is the numbers that comes out from the strategy, using realistic lot numbers and realistic SL and a leverage at least of 1:100, a good PF ( I think to be a manager , you should have over 1.5 PF) and a GHPR greater than one, is enough for anyone to invest in.
Member Since Jan 14, 2010
2279 posts
May 14, 2011 at 17:41
Contest will not reveal the best fund manager. I know for a fact one guy whom I like very much and who won contest but was not able to manage OPM after he was given the chance. Contest has time limits but trader's career doe snot. Contest also encourages excessive risk taking which is not good for real account management.
forex_trader_2062
Member Since Oct 24, 2009
178 posts
May 14, 2011 at 17:53
Agree!
Member Since May 14, 2011
10 posts
May 15, 2011 at 04:13
Contest in forex to find the systems, not the % of gains.If your system does not produce good results in 30 trading days.I can say its not good one.
May 15, 2011 at 06:03
for those traders who want to get investors automatically, can register as PAMM trader with broker instaforex.com
register here : http://instaforex.com/index.php?x=TW
register here : http://instaforex.com/index.php?x=TW
Member Since May 16, 2011
15 posts
May 16, 2011 at 06:31
There is a solution to this issue. It is to set a limit of bhow much of starting demo capital can be traded. Example if the account is $50,000 then only 20% can be traded at any one time.
forex_trader_36552
Member Since May 13, 2011
12 posts
May 21, 2011 at 08:13
bu-hu-hu! better i go to play badminton ... lol
forex_trader_27988
Member Since Jan 26, 2011
974 posts
May 21, 2011 at 19:47
forex2u posted:
for those traders who want to get investors automatically, can register as PAMM trader with broker instaforex.com
register here : http://instaforex.com/index.php?x=TW
i see 1000:1 leverage.
is that available to united states traders?
regards,
edward/.
forex_trader_2062
Member Since Oct 24, 2009
178 posts
May 21, 2011 at 21:42
That leverage is equal to "take my money and run".
No thanks.
No thanks.
May 22, 2011 at 09:13
zzzero posted:
forex2u posted:
for those traders who want to get investors automatically, can register as PAMM trader with broker instaforex.com
register here : http://instaforex.com/index.php?x=TW
i see 1000:1 leverage.
is that available to united states traders?
regards,
edward/.
yes i think so... for all
its good for learner...i did raise my usd10 to usd100... using 1000:1
Member Since May 23, 2011
3 posts
May 24, 2011 at 12:42
follow me on twitter on ablforextrader I just started today on my programme. All trades are shown in real time with entries, exits stops and TP.
I trade for a large US bank as their product but started my own programme today and building my personal track record for managed forex accounts. Did 97 pips this morning on first day. Style will be safe, short term trading with 4% risk per 50 pips a day. Longer term style also done when the setup is there. Risk is 0.5% per trade. Results should be, from past experience over 20% monthly.
I will send results monthly as I am just building my own accounts.
I trade for a large US bank as their product but started my own programme today and building my personal track record for managed forex accounts. Did 97 pips this morning on first day. Style will be safe, short term trading with 4% risk per 50 pips a day. Longer term style also done when the setup is there. Risk is 0.5% per trade. Results should be, from past experience over 20% monthly.
I will send results monthly as I am just building my own accounts.
