Fxringleader - nice start to your account - its nice to see someone here who is trading an actual real account and has verified results. Fair play to you. Keep it up.
mrWoland...... as I said before when you have some accounts showing that are real and verified and when the only acivity on your profile is no longer just slating other traders, feel free to come back.
FYI Ive added investment to this account and am putting my money where my mouth is. I made almost 17% in October (Which is when I started trading my strategy on the account) and just over 10% in November.... so the account is slowly on its way to recovery. Maybe you are a successful trader... but your profile does not show it, you just come across as a Karl Dittman of this world - on your high horse preaching to every body else when you have nothing to show for yourself on your profile in terms of trading success...meaning for all we know you could be a bitter old failed trader who is still on his high horse preaching to others to make himself feel better... lets face it - I am only 3 years into my career in terms of trading... and I only have 2 months of published verified results... however it is still more than you....
Look, in the world of forex all your preaching and wise words mean sweet FA, RESULTS are what count and although its a new project Im working on, I am providing these and they are fully verified, which is more than I can say for you.... added to this you may want to think about your contribution to this community as it stands... its less than constructive... you've said your piece now, so come back in 6 months to see if you were right or wrong, and at least have some sort of profile to your name, and for gods sake at least have some sort of positive activity going on within it so I can at least take your critisism in a respectful way.....
There must be something wrong with the picture in here. I'm not the one preaching because I'm not advertising anything or try to sell anything to anybody. You are!
-----'Look, in the world of forex all your preaching and wise words mean sweet FA, RESULTS are what count and although its a new project Im working on, I am providing these and they are fully verified, which is more than I can say for you...' --- Where is your own Live account?
Since October that rescued account hasn't gone anywhere are you taking some time off for the Holiday?
Wow this is interest... ok i'll humour you (for the last time).... Before I start heres the 1st part youve just given yourself away on...... you say youre not advertising....
So whats this:
mrWoland Nov 20 at 09:24 If you guys are interested I can manage your accounts worry free with 100% money back guaranty.
the managed account minimum deposit is $10k no front fees or management fees
you get 3% to 5% per year and you can sleep well at night and enjoy your life during the day without any stress and leave the trading with me.
I've been trading for the last 20 years and I know how it's done.
And then you got shot down by people for doing this because you had nothing to prove yourself, and ever since have on several occasions tried to slate other traders instead... so i was right all along... I know enough about you now to be able to ignore you and anybody reading this post will no doubt see you profile now ive been able to point the above out. Ive now reported you to myfxbook along with links to show that ALL you do here is cause trouble...
2 reasons really, although it is a small account, (Its a $500 micro right now), a) I've invested into this myself also and now own a large portion of the equity, in fact most of it. b) more importantly rather than take the easier route and just start a fresh account, I decided that if after a year I've managed to bring this to profit overall (it was at 79% drawdown when I started with this strategy) then this will be VERY good for the portfolio. So I guess a large reason I'm trading this account is for the personal achievement factor, and then Id hope that when this has happened Id have a good case for generating larger investments. I was thinking of keeping the niche of working to rescue accounts in draw down. I would hope that with continued good monthly movement figures id slowly generate some account followers etc etc
That make sense?
The only thing im not sure about now is where to put more cash.. ie im adding more each month from December/January i.e ill be adding $500 a month, on the one hand I can just open a new micro and build from scratch, or I can just add it to this account... meaning I can trade more while keeping risk at 1% max meaning ultimately ill grow and compound the account quicker.
You actually put your own money into someone else's trading account? What if the client withdraws it? Opening a new brokerage account is very easy, I would suggest you consolidate your money into your own trading account, then focus on growing it. Since I started publishing on Myfxbook, opportunities have opened up.
If someone is down to their last few dollars, they aren't going to bother entering into contracts with someone to trade that account for them. Laziness will be the biggest limiting factor for your plan. If you have a solid managed account however, they may invest a large amount with you.
I like your outside the box thinking though. One day I bet you will have a great idea.
Thanks for the advise there - that's a really good idea. Well the client is a personal friend but we still signed agreements etc etc.
Ok this is something I'll definitely look at. Thanks very much for the advise.
Maybe I could open my own account from scratch with my next $500, then have my friend contact my broker to link the account im currently trading as an investment, so in theory id be the 'Fund manager' for this BUT I can trade both accounts from 1 platform meaning ill be building up results on my own account which ill grow every month but at the same time ill be growing and hopefully reducing draw down on the current account which could do wonders for building up credibility also...
Many brokers have a PAMM account option. Multiple people will be able to invest money into your PAMM account, where you will trade it for them on a single terminal. The broker will automatically give you a performance fee (usually 30%) each month.
I decided to wait and be patient - following all the advise I got here. My plan now is to see what my profile looks like at the end of 2012 so I have a 12 month consistent track record.
Ill also be getting my NFA Series 3 licence this year so hopefully by end of 2012 I shold have an edge.
So yeah - im taking the sensible patient approach in terms of finding fund managers.. (Plus i have an investment offer ending on my end of year profit which is enough so i dont have to go the rescuing accounts route)
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