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Any Advice for Newbie seeking Account Manager?

avkap23
Sep 22 2019 at 08:09
6 ieraksti
jakes90 posted:
avkap23 posted:
I'm inexperienced concerning forex. Never traded but I want to learn however I hear its very risky. I am thinking about getting an account manager to trade for me while I learn and get confident to do it on my own. I read up a little about PAMM accounts/managers. What's the minimum amount of USD that a reputable manager would manage? Also when I started researching forex trading I came across a few account managers on Instagram. However I got the feeling they were scammers because of other people saying they usually are on that platform and none of them wanted to do a video call with me so I could verify their identity and also see how they trade if possible. One of them I couldn't even find any info on when searching online. One of these 'account managers' even said they were Michael Edward Novogratz and had his pictures plastered on the page but I questioned that because I didn't think a billionaire would be looking for clients on Instagram. I'm just afraid of losing my hard earned money by investing with someone who may be a scammer. Can anyone offer any advice? Thank You.


You can trade after you are done with the learning part. Can’t really rely on anyone when money is involved. I would say first learn from babypips free course by yourself, use a demo account side by side and then start to trade yourself.
anki
y
Thank you for your advice and to all those that commented.

AmDiab
Sep 28 2019 at 15:13
718 ieraksti
avkap23 posted:
jakes90 posted:
avkap23 posted:
I'm inexperienced concerning forex. Never traded but I want to learn however I hear its very risky. I am thinking about getting an account manager to trade for me while I learn and get confident to do it on my own. I read up a little about PAMM accounts/managers. What's the minimum amount of USD that a reputable manager would manage? Also when I started researching forex trading I came across a few account managers on Instagram. However I got the feeling they were scammers because of other people saying they usually are on that platform and none of them wanted to do a video call with me so I could verify their identity and also see how they trade if possible. One of them I couldn't even find any info on when searching online. One of these 'account managers' even said they were Michael Edward Novogratz and had his pictures plastered on the page but I questioned that because I didn't think a billionaire would be looking for clients on Instagram. I'm just afraid of losing my hard earned money by investing with someone who may be a scammer. Can anyone offer any advice? Thank You.


You can trade after you are done with the learning part. Can’t really rely on anyone when money is involved. I would say first learn from babypips free course by yourself, use a demo account side by side and then start to trade yourself.
anki
y
Thank you for your advice and to all those that commented.


I also agree with him; even I see; paid courses are less valuable than the popular FX forums; that’s the reality of paid courses!

Professional4X
Oct 02 2019 at 11:23
1189 ieraksti
avkap23 posted:
Professional4X posted:
Best advice. Don't give your money to anyone else to invest on your behalf.

Learn to properly trade.

Risk management should always be your #1 priority.
If anyone tells you this isn't your #1 priority, then you should ignore them from that point on.
If you don't properly manage your risks, then you put your entire investment capital at risk.

Risk management
Emotional control
Automate when possible and reasonable
Use a realistic and reasonable stoploss target
Use a realistic and reasonable take profit target
Be realistic in your expectations.
Do not try to get rich quick. A slow but steady profit over time is far better than losing it all with a series of unreasonable trades.

Don't pay for 'bots', they will not make you rich. If they worked, why would they sell them?

Again... BEST advice don't give your money to others, keep it for yourself, and learn to invest it properly.

Could you recommend a good place, website or course where I could learn to trade properly. This is all new to me and I want to make the learning curve the least complicated as possible.


Successful investors understand how the markets really work.

Markets can only do 1 of 3 things.
1) markets move up (BUY NOW)
2) markets don't really do anything. Mostly 'sideways' or nothing. (DON'T DO ANYTHING)
3) markets move down (SELL NOW)

That's it. That's all there is to it.
You don't need 'ELITE' secrets or other 'SECRET TECHNIQUES'.
And do you know why? THERE AREN'T ANY.

People fail to become successful with trading because they have no actual idea what they are doing.
They buy the latest 'SUPER ELITE PROGRAM' or 'ULTIMATE SCAM BOT' or whatever, and lose their money.
Or they watch a couple of videos showing absurd 'secret', and they try it and lose their investment.

If people want to be successful, it's simple. STOP TRADING BADLY.
Automate where possible and reasonable
Use a reasonable stoploss target.
Use a reasonable takeprofit target.
Trade without emotion.
Accept that bad trades are a cost of doing business.
Don't over trade.
Don't REVENGE trade.
Use a realistic lot or unit size for your trades.
Enter a small trade and see if it's good. If it is, then you can always add more trades, using the previous profitable ticket to cover the new ticket.
trade with intent. know exactly WHY you made that trade. Don't just trade to trade. Only trade high probabllity setups. Nothing else.
DON'T MESS WITH YOUR TRADES ONCE THEY'RE IN YOUR BASKET.
LEAVE THE ALONE, THEY WILL EITHER HIT A PROFIT OR CLOSE OUT IN STOPLOSS.
Stoploss will kill your loser trades, NEVER hold a bad trade past the stoploss.

And the highest priority rule of all, RISK MANAGEMENT.

My greatest priority is to protect the investment capital, and this requires proper risk management.

This is all just my opinion of course and is simply how I personally trade.
\

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Jalath
Apr 12 2020 at 17:46
20 ieraksti
I assume if you will really make some decent amount of money here you really can make it possible entirely and clearly anyway. If you are just newbie nobody is going to provide you any special support absolutely, so be carefull and move on really.

Felonius
Jun 03 2020 at 16:40
18 ieraksti
Practice shows that in the world of trading there are a lot of scammers who only need your money. It's sad, but it's true. So in this matter you have to be as careful as possible and not trust just anyone. You think you've found the right candidate, still it's no rush. Check his references and other information. Even if you think a person is 100% honest with you, there's a chance it won't be. I try to do everything myself if possible, although sometimes it can be very difficult.

Duktilar
Jul 03 2020 at 03:42
112 ieraksti
Here you need to choose, of course, very well and try to work with several.

GeorgeBischof
Sep 04 2020 at 10:32
318 ieraksti
New traders should be very careful when they go to start their trading career. This is a risky market. Many people lose their money everyday because of their wrong decisions. So, be careful to make any decision.

Adam Cantor (AdamCantor)
Sep 06 2020 at 09:37
98 ieraksti
avkap23 posted:
I'm inexperienced concerning forex. Never traded but I want to learn however I hear its very risky. I am thinking about getting an account manager to trade for me while I learn and get confident to do it on my own. I read up a little about PAMM accounts/managers. What's the minimum amount of USD that a reputable manager would manage? Also when I started researching forex trading I came across a few account managers on Instagram. However I got the feeling they were scammers because of other people saying they usually are on that platform and none of them wanted to do a video call with me so I could verify their identity and also see how they trade if possible. One of them I couldn't even find any info on when searching online. One of these 'account managers' even said they were Michael Edward Novogratz and had his pictures plastered on the page but I questioned that because I didn't think a billionaire would be looking for clients on Instagram. I'm just afraid of losing my hard earned money by investing with someone who may be a scammer. Can anyone offer any advice? Thank You.


u dont need them, most are in it only for themselves

LeviSievwright5
Sep 07 2020 at 01:58
298 ieraksti
The Best Business in the Forex Trading World. There is a lot of money to be made in that business. But if you do not learn to trade, it will be the cause of loss. There is a lot to learn in trading. Since you will be working as an account manager, you need to follow some tips. Such as Money Management, Risk Management, Trading Discipline, Trading Plan. If you can't manage these, then there can be many problems in trading.

EbonyJones
Nov 03 2020 at 20:31
232 ieraksti
New traders need to make perfect preparation before investing their money in this risky market. They have to make a good plan , choose the best strategy to make profit from this market.

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