How Not To Lose All Your Money With A Managed Forex Account - Page 2

irene66 · (#11 (**permalink**))

(Thats why in case if anyone is looking for a very secure account manager, that suits your convinience, i recommand this guy.)

Please let me know how to contact this guy. My contact E-mail address: tangailin@hotmail.com. Thanks

Rgali1 · (#12 (**permalink**))

I would also like this guys contact info, anyone that has it please email me at ramy.gali@gmail.com Thanks

Janethjack · (#13 (**permalink**))

why to lose at all the control of our money? Actually for me it represents the most attractive fact offered by this market, I can trade there myself then I control my capital. Why don’t take advantages of these possibilities? If don’t, it could be better investing in parallel markets

Alan Forsyth · (#14 (**permalink**))

Hi,

Am based in UK - can anyone recommend a good manager based in UK? Am keen to invest in managed account.

Alan

bobbywhite · (#15 (**permalink**))

Alan,

I joined through a new internet friend in December the by now 1 year old British forex managed account fx-interest.com as member bobbywhite (:: FX INTEREST :: Your Fund Manager ::) who just reviewed its return rates from 0,6% daily up to 400% annually. Pharaon, I just read your post here and would like to know if this is good. I tested with small investment amounts to invest and retrieved already a small amount via alertpay. My friend just upgraded his investment to 10,000 $ to profit from the 32% monthly plan. He is with them since 6 months now but didn't retrieve large amounts. He accumulated them so far. I am also learning through myprivatetrade.com to trade for myself. I started last week on a demo account the trendspotting strategy and it works relatively fine for now (8 winners against 3 losers). I think this is the best way. i only need to check daily for 15 minutes on the 4 major currencypairs.

Thanks for feedback

Pharaoh · (#16 (**permalink**))

Sorry Alan, I'm watching a couple of account managers with some interest, but they are all on this side of the Atlantic.

Bobby, that's a HYIP. It might pay now, but at some point, all the money will disappear. Read this:

Ponzi Schemes and HYIPs - Free Money Traps

wizardt · (#17 (**permalink**))

ok first off im new to trading only been doing it live for three months.

but here are my rules would appreciate any advice on these.

1. i only use mb trading a true ecn broker. they only require a 400 dollar minimum to open an account. i also recieve nothing from mb trading for having people open an account with them for me to trade.
2. i ask for 30% of the monthly growth so at the end of the month the new watermark is drawn.
3. since i dont have to request from the cient my commission mb trading does it automatically. so i play by their watermark rules.
4. i tell my clients that if i draw down there account by 50% im doing something wrong and i will deactivate the account until i can prove i have fixed my method.
5. i also do not allow the traders to go above 3% on trades i set the mod per trade and that is where it stays i wont risk more thats that.
6. i have had ok weeks and then good weeks and also bad weeks but am up for the past three months.
i keep a very accurate log that am more than happy to show anyone who wants to see it.
7. when they ask me for my growth percentage i say i hope to get about 10-15% monthly. if i do better one month great it is gravy but i dont want to be held to higher than that.
8. i tell them if i lose 40 pips in a session i am done for the session.
9. if i lose 100 pips then i am done for the day.
10.as for wins i work two sessions per day with a target of 60 pips per session if i hit it im done for the day
11. my weekly goal is 300 pips for the week. every thing above that is gravy
12. i give them my yahoo instant messenger id and i usually keep it on while i am trading. so they can live chat with me at the same time.
13. i recommend to them that when i have 100% thier account they should withdraw 50% of their initial investment and when i 150% a second time they should withdraw the other. this may make for slower compounding but i believe it is better to put that money in an ira or something else. for future use.
these are my rules i use i do not go out and solicit accounts they have come to me and i have agreed to do it but they must first accept my rules. is there anything im missing or should add something im forgetting or do not know about yet.

bobbywhite · (#18 (**permalink**))

Hi Ed aka pip hunter,

I just checked on forexforex on zulutrade.com and here are his statistics today :
Characterized as risky provider.
This provider has open positions more than 31 days.

Closed positions -48405.0 -$517530.8
Open positions -1952.0 -$24424.7
Total -50357.0 -$541955.5

Statistics for specified period:

Pips -50357.0
Profit -$541,955.48
Trades 1138
Average pips/trade -44.3
Winning trades 750 (65.9%)
Average trade time 138.0 hours
Running weeks 53
Maximum drawdown -68357 pips
Subscribed users 16
Has live users Yes
When you look in the database you can find managers with 100% winning trades. Isn't it better to join them, you can filter the database on number of subscribers. The more they have the better. I don't know how to contact them though. Can you help? Maybe Pharaon has an idea.

Kenneth Kiely · (#19 (**permalink**))

I actually started that way. I had no clue what forex trading is all about and just wanted to invest some money in an interesting investment opportunity. That's how I came across managed forex accounts as described at Foreign Exchange in currencies - Forex and decided to invest in one. I knew that there was a fee for the banker and that it's not the safest investment alternative but I was too curious to see how the value of the account would develop. I probably had a clever account manager since I made some profit.