Thank you for reply, but I don't understand what do I need to study. If I invest Money don't I just need to choose trader that will work with my money?@IvanaO welcome to our forum!
The minimum investment on a Darwin is 200 and you can leverage your investment at x3.
I suggest you to stay on demo investing for at least 6 months.
In the meantime you can study everything for at least 100 hours.
Without it your probability to make money is 0.
Sounds easy right?If I invest Money don't I just need to choose trader that will work with my money?
Every darwin has at least one hundred different numbers/statistics.I don't understand what do I need to study.
Yes I am using copy fx. I just started to follow the first 5 traders on ranking.Sounds easy right?
The main point is that past performance is not an indication of future results.
How do you chose the "right" traders?
Every darwin has at least one hundred different numbers/statistics.
Do you know their meaning?
I know it and that is only the beginning, you will need at least 20 hours to study the fundamentals of darwins.
Do you have any previous experience with copytrading/social trading?
I can also agree with this.Every social trading broker has attractive trackrecords to show to bait copiers/investors.
I suggest you to stay in demo and study the basics of trading even if you don't plan to trade but to invest/follow other traders.
IMO that's not necessary to understand the investable attributes.In the meantime you can do some research about :
- infinite monkeys theory
- survivorship bias
There are profitable investors (including my portfolio which is special) but usually they don't publish their portfolio and their rules.profitable investors are almost impossible to find
While the VAR could actually protect naive or unexperienced investors (nothing can prevent them from losing anyway), it is also potentially killing good traders from making more profits too and with that the possibility of bringing to Darwinex many more investors attracted by better track records an more investable darwins. Regardless other good traders that are not attracted with the idea of these limitations and look for other brokers who offer them better trading conditions and more potential investors.The VaR risk manager is the best thing in the investors' side of Darwinex, particularly for unexperienced investors who are not also traders with Darwinex or with other brokers.
What is better, protect naive or unexperienced investors (usually these are the kind of make rich fast kind of investors and they abandon the darwin at first drawdown). They are not the kind of investors Darwinex should aim to. Or give the traders more margin to trade the way they would do for their own accounts? The good traders would shine way more.Risk manager protects investors from gamblers going all-in.
Exactly!Low VAR darwins are good for darwinex to extend the lifespan of losing investors.
Yes, the difference is that the top traders in 2016 made way better returns than now. On those times you could se many (a good amount) of darwins averaging +30% annually. Now whose do +10-15% are being considered stars...So, five years ago if you invest in good darwins you made a good return as an investor, nowadays...you can tell me, you know better what is going on.More than 95% of investors lose money, it was so at var 20% in 2016, at var 10% in2017 and now at var 3.25-6.5%.
For the "average Joe" the decision to invest in Apple or Tesla is not a question of analysis, but the lack of money.Is investing stocks easy?
Do you think someone that analyzed Apple or Tesla for 5 minutes will make money?
I am 100% sure he would sell after the first negative month.
Buffett says you should think to buy the entire company.
Would you buy an entire company after a 5 minute analysis?