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.
Oct 31 2012 at 14:41
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?
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.
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.
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
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 !
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.
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.
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.
@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.
