My key point is my own trading system! In addition, now my trading job is very simple; just following my trading strategy’s signal! My trading system shows all of important levels of market from TP to SL, so I get full trading setup here! As a result, I don’t need others market analysis! But, I close all of my trade positions before high voltage news!
1000VGOD posted: My view of the investment in the trade of other traders. There are several ways to participate in the trade of other traders. One of them - is a service of the PAMM-account which provides brokers. This service takes into account the interests and trader and investor. One of the main advantages of this service is that the investor controls the money broker, and the trader can not afford to assign them. Also taken into account and the trader's interests - it always will be rewarded for the lucrative trade. The disadvantage of the PAMM-account service is that the investor does not have comprehensive information about the Managing Trader: investors are not familiar with the trader does not know his psychological qualities, detailed monitoring, as a rule, lacking. investors, the Community should strive to collect the greatest amount of information that can shed light on making the right decisions about investing in a particular trade trader. Maybe someone does seem unnecessary trouble. But my opinion - it is necessary to know the trader in person, at least for communication in skype. To avoid failure in this area is quite difficult, in any case, but in the case of personal communication with the trader, the failure will raise us to a new level of understanding the intricacies of this case. That is why, to begin and continue to invest necessary in close collaboration with other investors. It is necessary to communicate, share their experiences and ideas and best practices. Communicating a complex process, despite its ordinariness, but we must understand that without it there is no movement forward. Learn from their mistakes only - it is a long and expensive way. And you can start with very simple things - exchange contacts in skype, and start to create a chat!
PAMM sounds like Mutual Fund run by Bank and professional traders
Actually, which traders are unable to control their emotions and greed in their live trading, they should use automatic trading service! I see, nowadays investors are available here and there because of availability of automatic trading services, but till now I am with manual trading! I made professional technical and news analysis without others help!