Read This Before Investing.

Here I am going to give a good explanation of Investing.



1- Always check that Track Record Verified and Trading Privileges Verified. Those must have been ticked.
2- account must be real.
3- Checking the Broker:
3-1 Go to the Broker's website and first check its regulation, There must be their Regulation ID, Below you can see some of most reliable regulatory agencies links to check.

FCA - Financial Conduct Authority (United Kingdom) https://register.fca.org.uk/
NFA - The National Futures Association ( United states) https://www.nfa.futures.org/basicnet/
ASIC - Australian Securities and Investments Commission https://asic.gov.au/online-services/search-asics-registers/companies-and-organisations

BaFIN - The Bundesanstalt für Finanzdienstleistungsaufsicht (Germany) https://www.bafin.de/EN/
FINMA - Swiss Financial Market Supervisory Authority https://www.finma.ch/en/


* Deny any broker without regulation or one that has unreliable regulation . and never trust any result from them.

4- The account age must be older than 6 Months.
5- The account Must be updated.
* Maximum 12 hours not updated is normal according to myfxbook server refresh times.
* Sometimes The owner must update it manually Because of server traffics.
6- The account must be traded in the past month.
7 - Checking Martingale or Grid, as this kind of systems puts you at risk
7-1 First check its trading history , try to identify its pattern.
* This is the most important identification tool.
7-2 If trading history is not public simply ask the owner to make it public to check.
7-3 Check Win ratio . as Most of martingale and Grid systems have low win ratio,
* But they can cheat it by opening several small lots and close em in profit to increase the win ratio.
7-4 Check summary, Negative pips and earnings means probably its a martingale .
* you must check at least three pairs.
8 - Risk Management , always check its Maximum Drawdown and choose what risk level is appropriate for you.

How to identify an arbitrage or a Hyper scalper, Arbitrage trading is illegal and negative slippage will never allow you to run hyper scalpers.

Easiest way is checking trading history and check earning pips for all trades, if most of them were executed with less than 5 pips . Probably you are seeing an arbitrager or a hyper scalper.
You can check average win in pips.

I never knew so many things could happen thanks for the points, will remember them and come back if there are any more questions.

Very important points and links to the important sources many people still forget to loose entirely and I really do not get it absolutely and possibly, it's very important to remember them and follow them absolutely, thanks for letting me know this!

This is actually important, good thing i read this, though i decided to start trading and kept certain thing in head and was aware of the risk but this is some more information that has not crossed my mind.

Thanks for the info. I know that some people never look innto these things before they get into trades which is just a big mistake. What matters most to me is the reputation of my broker. I always do a thorough check of any broker that I want to choose or engange with. This line of business requires keenness. If you do not pay attention or take things into detail then things will work against you. There are a lot of people than end up choosing the wrong broker because they did not take time to find out whether they are the best or not.

This line of business requires a lot of knowledge. You have to know all of the things mentioned above if you want to count yourself as being in a good position to trade. If you have not been doing those things then you have been going at this the wrong way.

Well well well. I partially agree with this thread. Because:
1. Any regulation is bought and in any case it will protect the broker.
2. As far as I remember the FCA, NFA, etc. don't allow investments at all. Therefore, if any broker has any investment program, it's not under the regulation of the above lol. 😂 😂

Agree with the first two paragraphs:

1- Always check that Track Record Verified and Trading Privileges Verified. Those must have been ticked.
2- account must be real.

almfx posted:
Here I am going to give a good explanation of Investing.



1- Always check that Track Record Verified and Trading Privileges Verified. Those must have been ticked.
2- account must be real.
3- Checking the Broker:
3-1 Go to the Broker's website and first check its regulation, There must be their Regulation ID, Below you can see some of most reliable regulatory agencies links to check.

FCA - Financial Conduct Authority (United Kingdom) https://register.fca.org.uk/
NFA - The National Futures Association ( United states) https://www.nfa.futures.org/basicnet/
ASIC - Australian Securities and Investments Commission https://asic.gov.au/online-services/search-asics-registers/companies-and-organisations

BaFIN - The Bundesanstalt für Finanzdienstleistungsaufsicht (Germany) https://www.bafin.de/EN/
FINMA - Swiss Financial Market Supervisory Authority https://www.finma.ch/en/


* Deny any broker without regulation or one that has unreliable regulation . and never trust any result from them.

4- The account age must be older than 6 Months.
5- The account Must be updated.
* Maximum 12 hours not updated is normal according to myfxbook server refresh times.
* Sometimes The owner must update it manually Because of server traffics.
6- The account must be traded in the past month.
7 - Checking Martingale or Grid, as this kind of systems puts you at risk
7-1 First check its trading history , try to identify its pattern.
* This is the most important identification tool.
7-2 If trading history is not public simply ask the owner to make it public to check.
7-3 Check Win ratio . as Most of martingale and Grid systems have low win ratio,
* But they can cheat it by opening several small lots and close em in profit to increase the win ratio.
7-4 Check summary, Negative pips and earnings means probably its a martingale .
* you must check at least three pairs.
8 - Risk Management , always check its Maximum Drawdown and choose what risk level is appropriate for you.

Great tips it really is a good list to go though. Problem is that for all criteria to be met there are no traders left to invest with!!

Thank you all dear ones.

If you do not consider any of the above, you are putting your capital at risk.

now i will explain about managed account service:

When you found the system that you want to invest :

* its better to join MAM projects ( if the owner provides ) . Sign LPOA agreement.
* sometime manager is not providing MAM . And wants to manage it directly.
Before the start of trading:
1- deal on Maximum allowed drawdown ( must be equity based calculation )
2- Give him your capital to manage under the rules.
2-1 simply ask your broker to disable trading when your account hit a specific risk level, for example 5% lose in a day.
2-2 always run an EA on your account to close all open positions on +1% above the number you deal with the manager.
2-3 in case of hitting maximum DD allowed . Stop it and communicate with your manager.
* i will share my own EA soon to control your account which is under management .
3- monitor trading style, it must be similar to the main account.
4- never pay any to the manager when there is floating lose or profit on your account. You pay when the account has no open orders.
* Never consider or calculate floating profit because In the blink of an eye, the situation can change.
5-Supervise for at least 1 month before increasing your investment.
6- sometimes they ask you to join the brokerage that they prefer.
6-1 check post #1 section 3-1 . If the broker passes that. You can join.
6-2 never ever join any unreliable brokerage.

Important and meaningful information here. Thanks.

you should write a book! I wish I could've read this before I decided to invest my money into forex :)
i'm pretty sure your tips will help people all over the world. Clear and pretty straightforward.

Hello,

Thank you for giving the valuable advise. Yes you are right. We need to follow this tips and rules before strating forex trading. Trading is a risky business. Some people said that they loses their money on forex trading, but first they need to know what is forex and how can they earn from trading. I think some people don't know this ans they were loses their money. Knowledge, technique, practice, research, communication, find good buyer all these things needed for trading. For Its right that we need to follow abd read this tips and rulea before starting trading.

Thank you..

Thanks you all.

• Why do some accounts have multi digit unreasonable growths ?

Here i explain a method that most of them use:

They do deposit small amount to an account, and then they enter a position In a random direction.
* some of them enter long and short on different accounts, and choose the account which has profitable position.
Then they do withdrawal buggiest part of the account’s balance .
*as withdrawals while having open positions is ignored , they do an internal transfer.
* estimated free margin because of that profitable trade will save the account from margin call.
Then they close position in profit,
And this simply opposing growth calculation algorithm.
* some of them repeat this pattern over and over again. So you can see many withdrawals in their accounts.
* Most of them are hiding their accounts equity/balance and trading history by making them private.

as a beginner I think this information is very important and useful for further successful activities

Thank you for that detailed information. Quite helpful for investors.

Really nice advises. I hope they will prevent people from losing money.

Definitely, these points will help a new trader to start trading and after some periods of learning he can become a successful trader. Always choose a platform you can trust.

The information is really very interesting for a general understanding of the situation.