New investor seeks managed accounts advice

Feb 10 2012 at 15:13
Hi all! I am new here, so let me introduce myself first.

I am Chris from Switzerland. I started trading a year ago, and I have lost a lot of money. I tried different brokerages and a few EAs and still I always lost.

Now I wound like to put my money into a managed account. I do not mind that I will have to pay to the managers, I just want to see profit intead of all the loss.

Have you tried managed accounts? Any advice on how to choose a good manager?

Thx, Chris
Feb 10 2012 at 17:11
Myfxbook (Staff)
Feb 11 2012 at 10:42
Any advertising for trading accounts/services will be deleted. Please stay on topic - 'Have you tried managed accounts? Any advice on how to choose a good manager?'
Feb 11 2012 at 19:20

If a 'manager' says little or nothing at all about his system (especially after you ask to know more) that such be a red flag. It's a pet peeve of mine to see hardcore martingale systems being used yet the manager says nothing about it in the description. Great returns my a$$. Learn to recognize what a martingale equity chart looks like. Just be really careful in general with this whole thing. Due Diligence. That's my 2¢ anyway.

By the way, your username CBrider, do you mean like a Honda CBR? Maybe the classic CB line? The CB550 is the epitome of cafe racer in my opinion.
The Forex Company (theforexcompany)
Feb 13 2012 at 07:01
Choosing a manager depends on different factors.

Your expected return...This should determine how your account manager will trade your account.
A trader seeking 4% interest would expect his account different from one seeking lets say 1%.
Risk management,Returns,Lot management should center around this majorly.
Be open minded to explore we all through different learning systems and this same diversity appears in getting a
fx managed accounts' service..

My little candid suggestion
Feb 13 2012 at 12:28
Hi Clash,

nice to meet a rider here!! I ride an old CB1300. I have thought about upgrading, but I just love the big beast too much 😈
How about you?

I wonder if managers would tell much about their trading system they would have nothing to sell - I mean if he is a pro he won't want to tell his secrets... How much does he have to tell the public in your opinion?

Feb 13 2012 at 12:28
Thanks Ethan for deleting the ads!
Feb 13 2012 at 13:40
There aren't any secrets really in this business. Nobody has a holy grail. A professional could tell everybody on myFxbook his 'secrets' and exactly how he trades and only a handful would be able to mimic his results. There's far too much discipline and other factors involved. Regardless of the overall strategy (as long as it's not something stupid dangerous strategies like Martingale, Grid or pyramiding), you ought to know what kind of risk you're going to be exposed to as an investor. How much is risked per trade, if there are stop-losses or take-profits involved, how many times a day they trade - just to see if it's the right thing you're looking for. Only you can decide that. I think the ads they do around here are mostly terrible. Remember that almost everyone and their cousin Joe can be a 'manager' nowadays.

I tear up the streets on a DRZ-400SM. It's fun. I got a 1973 kawasaki S2A350 two-stroke triple sitting in the barn that doesn't run - waiting to get restored one of these days. A CB1300, that is a beast, nice.
Feb 13 2012 at 20:23
Also, having a track record separates the herd a bit. If a manager has been in the market for 3 years (a year at the least - otherwise it's foolhardy to consider the person) and is still churning out a profit - something is working and it's worth taking a look.
Aryan sinha (aryan111)
Feb 14 2012 at 07:42
This buissness is ant right risk reward investong less and making big rather than investing more and making less its all abt mental emotions tht make u loseq
Feb 14 2012 at 11:49
Hi! This is just what I don't want to get involved with: the cousin Joe-s...
Can a manager hide the signs of Martingale or other dangerous strategies on their charts? How can I defend myself from not being tricked?

I used to have an off-road bike tto, a CRF 250! Man it was great fun!

Feb 14 2012 at 13:20
No, it's usually pretty tell tale, unless they are using multiple strategies that include martingale etc. It may be more difficult to figure out what's going on then (via only the graph), but usually this isn't the case. This is where communication comes in though, and knowing shouldn't be a problem. Look at some of these guys and observe how they describe what they're doing


I don't advocate currensee because I simply don't know enough about them and if they are truly legit, although, the traders/managers seem to have their marbles together. I feel a bit more comfterable putting money with them, then with the majority of the peeps here. Putting your money in a coffee can under a tree in the back yard is also a good place for it. So...due diligence always.

KTM has some wicked offroad bikes I wish I could have - like the 300xc. I'm a sucker for two-strokes. Honda's CRF line is amazing, that 250 had to be a sick outfit as well. Damn.

Benjamin Nathan
Feb 14 2012 at 14:00
Ive been trading 3 years - that's how long it took to develop my strategy - now its a case of time will tell...
FxPrivManager (FxPrivManager)
Feb 15 2012 at 07:23
Hi, my advice is to put small amounts on PAMM accounts where you can track their record and see what performance they really had instead of viewing nice performance charts or false claims.

Good luck.
Feb 16 2012 at 12:22
That is a nice find, Clash, thank you! By first sight they seem to know well what they're doing.

It is also a good idea to invest into several PAMM accounts and experience... may be a bit expensive way to study the different options imo.

I found an interesting blog on this topic here: https://managedaccount.blog.com/

I haven't had the time to read it all through yet though, but it seems to contain some really good articles on managed accounts.

Yeah Clash, two-strokes... they even smell differently!! How could one not love them!! :D
Feb 28 2012 at 09:53
Hi all! Just a little update here for those who are curious.

After having investigated the several possibilities and managed account service providers, and having read some relevant posts I plan to start an investment with Perfecto FX.

The blogger (his blog I linked above) shares his experiences and reviews the different services in a very objective way and his posts suggested me to contact Perfecto FX. I have been changing e-mails with them for a week now, they have been very helpful and proved to be very professional. Not only do I plan to start an investment with them but I'm also thinking about joining their Partnership Program as well. They offer some serious commissions!!!

The requirements I took into consideration: protected capital, see-through operation, overall control over the investment and professional services like their website and their customer service.

Hey, I am starting to be very enthusiastic now, haha :D

Cheers, Chris
Feb 28 2012 at 09:55
Sorry for the double-post. I just forgot the link: www.perfectofx.com
Warn me now please if you smell anything dangerous here!

Thx, Chris
Feb 29 2012 at 09:31
Hi CBrider,
when I was younger I have ridden a few Kawasakis, yaaa, was a cool time man.
Ok, trading a couple of years now I found out for me that there is NO Holy Grail, all depends on market action and the various systems only depend normally to an single behaviour, so you have Greens and Reds all the time.
So what I did is to reduce the risk by my pyramid. Starting with small balance and High Risk will be followed by 3 more accounts reducing the risk. Because I trade Grid + Martiangale this is essential for ongoin gain. If the riskiest account will blow up the following one or ones should be still alive so re-funding the High Risk account is no problem...l
Mar 06 2012 at 09:01
I would like to know what is the expectation you have from a fund manager? If your target is above 20% per month then your expected outcome will fit only the wreckless trading style, which gives you almost 100% certainty that you will lose your hardly earned money. With proper money management, the good fund manager cannot guarantee you any monthly gain but usually 5% to 10% is something that can be achieved. So it does not only apply what you are looking for but what is being offered on the market ;) A good manager will not hide from it's investors his trading style but the exact strategy he/she is using (meaning step-by-step trading). Good luck!
Precise Money Management will guide you to success
Mar 06 2012 at 09:13

   hedgefxnet posted:
   ...If your target is above 20% per month then your expected outcome will fit only the wreckless trading style, which gives you almost 100% certainty that you will lose your hardly earned money. With proper money management, the good fund manager cannot guarantee you any monthly gain but usually 5% to 10% is something that can be achieved.
Hi! I so much agree on that. Thankfully I am old enough not to be blinded by huge % profits now. Yesterday I posted my contracts and such to Dukascopy, I opened a Perfecto Premium account, the one with 50% capital protection.

Please if you have any experiences with this company share them, I still have got a week or so until the fund deposit!!

My expectations from a fund manager? Reliability, transparency, clear and quick answers if I have questions, reliable profit on the long run, no fees if they make losses. Did I forget anything? :D