Forex traders and fund managers wanted for management of managed accounts!

This is a discussion on Forex traders and fund managers wanted for management of managed accounts! within the Home Trader forums, part of the Trading Career category; what coffee do you serve up ?...

Reply
 
LinkBack Thread Tools Search this Thread
Old Nov 30, 2014, 10:27am   #9
NVP
 
NVP's Avatar
Joined Jun 2004
what coffee do you serve up ?
NVP is offline Coach/Trainer   Reply With Quote
Old Dec 5, 2014, 9:40am   #10
Joined Jul 2008
$10,000,000!!!

I can't see how this is attractive to any proficient trader. Lets say you have 10 traders working for you, I suspect they wouldn't have more than 50k each if they know what they are doing. I take it the lions share of the profit goes to the firm. So lets assume a trader makes 15% a month on 50k they end up with 3k a month in their pocket (given they are on 40/60)!!! hardly worth it since they only need 20k of their own money to achieve the same income on their own terms.
forker is offline   Reply With Quote
Old Jan 12, 2015, 5:47am   #11
 
9 Posts
Joined Oct 2013
Quote:
Originally Posted by GubyIQ View Post
those conditions are bullsh*t. no self respecting trader would agree to those terms.
minimum nr of trades per month ?
agreed..the amount of risk you have to take is enormous
africa134 is offline   Reply With Quote
Old Jan 12, 2015, 3:38pm   #12
Joined Mar 2014
Quote:
Originally Posted by forker View Post
$10,000,000!!!

I can't see how this is attractive to any proficient trader. Lets say you have 10 traders working for you, I suspect they wouldn't have more than 50k each if they know what they are doing. I take it the lions share of the profit goes to the firm. So lets assume a trader makes 15% a month on 50k they end up with 3k a month in their pocket (given they are on 40/60)!!! hardly worth it since they only need 20k of their own money to achieve the same income on their own terms.

I think your calculation is a bit skewed. I agree with your point that this thread looks a bit suspect and it shouldn't really whet any ones appetite but for the purpose of being correct and fair lets take a step back...

The 50k each trader gets is there to be used for margin. It isn't the deal size and Its not what they try and make 15% on. They'll be looking to make far more than a 7.5k monthly return because the 50k will be geared up by using leverage perhaps as high as 100:1. Each trade they do with the 50k pot could therefore be as high as 5m of notional. These trades will have a far bigger impact on monthly PnL than 7.5k.

EUR/USD for example in a €5m deal size will be worth $500 per pip in PnL terms. If they manage to make 20 points per day at the end of the month they would be up $200,000 ($500 per pip * 20 pips * 20 days). Taking 40% of that is worth something. If they crash and burn by using such high leverage they may lose nothing but the opportunity.

The firm on the other hand would either pull the plug very quickly once the drawdown has gone through the agreed tight parameters or let you carry on dealing and losing, happy that they will be getting nice rebates from the broker on those €5m EUR/USD deals. If they're getting 50% rebates on these deals and also widening the 1 pip spread by 3 pips then they could be getting $1000 per deal in rebates alone. Doesn't matter if the poor old client who has invested some of that 50k is getting a raw deal as long as the 'management' company is getting some good rebates.

They're never going to find the next warren buffet. they don't need to, they just need to find people who will lose money slowly and clients that fall for the spiel about some magic made up ROI number.

Some money management firms are excellent but most aren't. I haven't come across many in the last 10+ years who are able to sustain winning runs much longer than a few months. Don't believe what they tell you, or show you. If you do choose one then choose one that is recommended by someone you trust who has money invested with them and can vouch for the returns.

Most importantly, only deposit money with an EU regulated broker that has an insurance fund and in a UK bank protected by the FSCS. Don't accept anything other than full authority and control on your account and immediate no cost redemption of your funds.
highbury fx is offline   Reply With Quote
Thanks! The following members like this post: Forexmospherian
Old May 12, 2017, 8:43am   #13
 
1 Posts
Joined May 2017
Hi,

Iam yogesh salaskar from india.Iam fulltime forex trader.I am in forex trading from last 8 year.Iam very interested work for your company.So please send all details .


Awaiting your reply,

Thanking you,

Regards,

Mr.Yogesh Salaskar
glsfx is offline Trading Strategy Services   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Fund managers vs Traders momothebored Stocks 25 Aug 21, 2013 10:08am
Alexander Moss Fund Managers Wanted pbarroso First Steps 12 Oct 31, 2004 6:22pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)