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Advice on forex managed accounts
This is a discussion on Advice on forex managed accounts within the Commercial Systems forums, part of the Mechanical & Systems Trading category; Hello all, I am quite new to Forex trading and although I will continue to learn to trade privately I ...
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| | #1 |
| Junior Member Join Date: Jan 2008 Posts: 41
| Advice on forex managed accounts
Hello all, I am quite new to Forex trading and although I will continue to learn to trade privately I also wish to invest in a managed account. I am looking for a good history of profitable trades with a reasonable draw down. The company must be UK based and regulated as such. I would be grateful for any advice on this subject, especially from anybody who has such an account and can personally recommend them. I know if it was possible to hand over funds and someone else makes piles of dosh then surely everyone would do it, but I am sure out there somewhere there could be a company that does make a good profit year on year. I am in the process of opening an account with captain currency from this site and will let you know how I get on. (He seems like a nice chap). Any comments appreciated. You can either post here or if you wish can pm me. Thank you for your time in reading this and hope to get some feedback whether good or bad. |
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| | #2 | |
| Legendary Member | Re: Advice on forex managed accounts Quote:
You should open an account with me if you really want to be trading and holding profitable positions. Yes CC may be a nice chap, but as you know, nice guys finish last The strategy 3 ducks has never actually posted a profit. It is nothing more than random cycling of flashy colors. There's no depth to it. If you open an account with me, you can allocate funds to your link account then follow along with the emotional attachment, but with out the risk of being unexperienced and trading your own account. I have personal experience trading Intraday and know all uncertainties associated with attempting to trade this way and will help you. Either way, I can keep you alive where 99.99% perish. Please take the time to visit my profile and follow through the sign-up proceedings through my 'homepage' link if you'd like. Hope to hear from you, DT (link) http://www.trade2win.com/boards/fore...tml#post394243
__________________ "The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government." (Thomas Jefferson) ![]() OZ Last edited by Depth Trade; Feb 10, 2008 at 7:25pm. Reason: adding link | |
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| | #3 | |
| Junior Member Join Date: Jan 2008 Posts: 41
| Re: Advice on forex managed accounts Quote:
thank you for the reply, I will certainly take a look at your site and the previous posts you have made here, but I was hoping for a few replies from people who have actively managed accounts and could give me some advice on the performance of managers. They say that there is no better recommendation than a personal one. Cheers Dutchy. | |
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| | #5 |
| Legendary Member Join Date: Nov 2004 Location: brisbane Posts: 1,399
| Re: Advice on forex managed accounts
I'll be the first to admit that I don't know much about managed fx accounts, but I do know that should I hand over money to such, I would consider myself to have take leave of my senses. Here is a sobering thought. If the account manager is taking x% of profits, there is a clear motivation to engage in over leveraged, high risk strategies on the simple basis that if they come off the manager does very nicely thank you, and if not, well, it isn't their money anyway. It is like giving away free options. If you really want to do this, then you must insist on an audited track record over several years. Asking for recommendations on internet message boards is akin to Russian roulette. Last edited by dcraig1; Feb 10, 2008 at 9:35pm. |
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| | #6 | |
| Senior Member Join Date: Mar 2005 Posts: 335
| Re: Advice on forex managed accounts Quote:
That’s not to say these folks don’t inhabit public (as well as private) boards, but you wouldn’t really know who they were or where they operate unless of course they wanted you to know. Most, if not all of their investment capital (once established) comes by way of recommendation and/or compound funding. In fact, if they really cut the mustard, not only will their minimum criteria be well out of bounds to the majority of those surfing a typical trading bulletin board, but they would be in an enviable position of “vetting” any fresh input, wholly dependant upon the attitude & intended expectations of the potential client(s). I strongly disagree however with your comments regards the trading activities & management of said funds. A smartly managed & diverse portfolio will have very definite & structured investment (trading) aims & expectations & would most definitely not breach those parameters. The savvy have no need to ramp or over-extend their risk profiles. Successful funds remain buoyant, solvent & financially competent thru a combination of experienced management & skilled trading operations. They’re not all fly by night, excessive risk taking wide boys out there. But I do appreciate that the activities of some of the idiots often become magnified & unfortunately, that’s the impression most folks are left with. As with all business, trade/investments included: you got very different standards of application, competence & success measures going on out there. | |
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| | #7 |
| Legendary Member | Re: Advice on forex managed accounts
Nither Craig, nor Ampro know what there talking about. One can come up with any excuse they would like to, but one thing does not change. If you are a company and are missing out on a forum that has over 80,000 traders and has 5x the visitors. It's because they can't post a profit to solicit the clients. That simple. You don't miss out on the potential clients unless you can't get them. Coming from the only person making a profit on this forum, listen to me. I know what I'm talking about. I have worked in the Grandest, largest trade floors in the world, there is no excuse no to be posting live trades soliciting clients. The truth is that most of these houses that say there trading but never post actual trades are in fact using your money for other ventures, then manipulate account statements to make it seem as if there making you a profit from trading. When in fact the money is being loaned out for Real Esate ventures. Total fraud. I am the only one trading. DT
__________________ "The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government." (Thomas Jefferson) ![]() OZ |
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| | #8 |
| Legendary Member | Re: Advice on forex managed accounts
Being a Trading Fund and not posting on the biggest boards on the internet is the equivelent of being a Ski clothing manufaturer and refusing to show at Ski events and rallies. It makes no sence, unless you know you going to be called out as a fraud by a real trader. There not trading. These so called super funds are not actually trading. DT
__________________ "The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government." (Thomas Jefferson) ![]() OZ |
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