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Are you managing an account here at myfxbook?

FxMasterGuru (FxMasterGuru)
Jul 24 2015 at 07:29
1607帖子
alexforex007 posted:
Well, I guess it is a place to start and learn more about the real money managers.


I don't think so... 'Real' money managers do not spend their time on MyFxBook promoting their enterprise.

With their min. $100k deposit limit (and 'only' 3-4% monthly profits) probably they would not find too many clients here on MyFxBook...

So their 'promo time' is better spent by socializing in luxury Country Clubs and upscale parties in Manhattan or on Miami Beach...

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
VietPips (VietPips)
Jul 24 2015 at 08:26
18帖子
FxMasterGuru posted:
VietPips posted:
What is managing :D ?


@VietPips

It means that you give your MT4 and Password to a total stranger, who will trade on your account. If your are REALLY lucky, he will make some profits for you and at the end of the month you pay him a percentage of your profits (via PayPal, wire, BitCoin, etc.)

Don't have your hopes high, most profitable strategies don't last for more than 6 months without a disappointing or unproportional DD. Those who have the 'Holy Grail' are not soliciting clients for account management here on MyFxBook...


If we base on 'hope' , we will never come to success, we have to try, experience, analysis.. if not on the market then on the manager himself. But also not to forget forex business is 95% fail so it is very common that we most probably not gaining, unless we must be diferent from 95% other, so maybe your analysis to the manager is not 'right' ( because he is winning and we are not )

one condition for success is you have to 'dare'

Life is not measured in minutes but moments
lgkhblkvjhcghcvm
miomax
Jul 24 2015 at 10:47
87帖子
I manage accounts. Broker doesn't matter.
Min invest = 1000 USD
Statistics have been started recently, but experience is broad.
https://www.myfxbook.com/members/miomax/miomax-pamm/1277392

goyankees85
Jul 25 2015 at 08:41
118帖子
miomax posted:
I manage accounts. Broker doesn't matter.
Min invest = 1000 USD
Statistics have been started recently, but experience is broad.
https://www.myfxbook.com/members/miomax/miomax-pamm/1277392

 Your avg loss is much higher then your avg win. Which means you run the chance of blowing the account based on bias trading.

My avatar explains "social trading" perfectly.
FxMasterGuru (FxMasterGuru)
Jul 25 2015 at 09:44
1607帖子
miomax posted:
I manage accounts. Broker doesn't matter.
Min invest = 1000 USD
Statistics have been started recently, but experience is broad.
https://www.myfxbook.com/members/miomax/miomax-pamm/1277392


@miomax

+9% profit with -40 pips loss last week is MARTINGALE in 'my books'. Even if you are hiding Trade History... (for obvious reasons...)

And we ALL know what happens to ALL Martingale strategies. Sooner or later... But usually sooner...

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
FxMasterGuru (FxMasterGuru)
Jul 25 2015 at 09:56
1607帖子
VietPips posted:
FxMasterGuru posted:
VietPips posted:
What is managing :D ?


@VietPips

It means that you give your MT4 and Password to a total stranger, who will trade on your account. If your are REALLY lucky, he will make some profits for you and at the end of the month you pay him a percentage of your profits (via PayPal, wire, BitCoin, etc.)

Don't have your hopes high, most profitable strategies don't last for more than 6 months without a disappointing or unproportional DD. Those who have the 'Holy Grail' are not soliciting clients for account management here on MyFxBook...


If we base on 'hope' , we will never come to success, we have to try, experience, analysis.. if not on the market then on the manager himself. But also not to forget forex business is 95% fail so it is very common that we most probably not gaining, unless we must be diferent from 95% other, so maybe your analysis to the manager is not 'right' ( because he is winning and we are not )

one condition for success is you have to 'dare'


@VietPips

You are right about the 95%. The reason why most traders and even 'self-appointed' MyFxBook money managers fail is not because of their strategy, but because of their 'psychology'.

According to many published books and experts, trading success is 80% psychology and 20% strategy. If anyone had ever traded an account above $50k knows what I am talking about. And $50k is just 'pocket change' for most hedge fund managers.

Also, that is the exact reason why 'trading psychology' books are so popular on Amazon.com, and that is why hedge funds employ psychologists for their top traders...

In other words: once you have mastered a successful strategy, you are only at 1/5th distance on the road to success... After that you stll have to conquer and master your emotions, so they should not influence your trading. Easier said than done... and you will know it for sure only when your 'funds under management' hit the $50k mark...

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Alex
Look009
Jul 25 2015 at 10:46
224帖子
goyankees85 posted:
miomax posted:
I manage accounts. Broker doesn't matter.
Min invest = 1000 USD
Statistics have been started recently, but experience is broad.
https://www.myfxbook.com/members/miomax/miomax-pamm/1277392

 Your avg loss is much higher then your avg win. Which means you run the chance of blowing the account based on bias trading.


Only time can show which strategy is good or bed

Asomiddin
Aug 01 2015 at 16:51
25帖子
lgkhblkvjhcghcvm
miomax
Aug 07 2015 at 11:37
87帖子
Look009 posted:
goyankees85 posted:
miomax posted:
I manage accounts. Broker doesn't matter.
Min invest = 1000 USD
Statistics have been started recently, but experience is broad.
https://www.myfxbook.com/members/miomax/miomax-pamm/1277392

 Your avg loss is much higher then your avg win. Which means you run the chance of blowing the account based on bias trading.


Only time can show which strategy is good or bed


Yes )) If you can't extract the best from martingale it will be better not to use it at all.
But if you apply other strategies to find the best entry points, along with martingale principles, and follow the RM rules, it can provide you with some stable profit.

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