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This month, a member wrote in and said he wanted advice on starting a trading room, but that he didn't mean an online trading room. I asked what he meant, and it turns out that he wants to create a managed accounts service with a number of traders working together. I'm not sure if he only meant physically in the same room or if a virtual room would be sufficient. Either way, I gave him what advice I could.
I suggested he ask traders to submit some trading history to see if they can make money and control risk at the same time. Those that pass would get an interview. I also asked him to read an article about managed forex here at the FPA's website...
https://www.forexpeacearmy.com/fore...ose-all-your-money-managed-forex-account.html
There is still a lot more information needed to do this right. Does anyone else have any suggestions for this person? Should I just lock him in a small room with Nancy Cheah, Ernest8Fingers, Cyclon and Pharaoh?
I suggested he ask traders to submit some trading history to see if they can make money and control risk at the same time. Those that pass would get an interview. I also asked him to read an article about managed forex here at the FPA's website...
https://www.forexpeacearmy.com/fore...ose-all-your-money-managed-forex-account.html
There is still a lot more information needed to do this right. Does anyone else have any suggestions for this person? Should I just lock him in a small room with Nancy Cheah, Ernest8Fingers, Cyclon and Pharaoh?