Hi,
any suggestions on some quality managing services? Any of you use this?
I can’t trade when I would like because of my job and I can’t disciplined my self when I get some time. I blow too many accounts so now I am thinking of letting some pros trading my money. Web is full of everything, some good suggestion would be appreciated.
p.s. 5K is amount that I’m willing to put in…
thank you
Maybe you should look at other options than forex?
Stocks, funds, bonds etc
I was thinking of that also, but initial investment is too high for me. All companies that I’ve looked at trade with at least 25K.
You don’t have to choose a managed account, you could simply start saving through your bank or something like that.
Remember that extremely few “managers” succeed in beating the indexes even, so often it pays better due to less fees to just buy an indexed fund or something like that.
And another (very good) way to save/invest money is to aggressively pay off any loans you might have.
Ron i dont where your at but there is a forex trade show this month in Las Vegas.Iam sure there are firms at the show who can handle your account.It is up to you to check into the validity of these firms results,ask if you can speak to some of there customers (long time customers).If you cant make it out there google Forex Show Las Vegas go to there web site and look at what the vendors have to offer.
Unfortunately far away from Vegas but that’s a good start, thanx
I can manage for you but the split will be 50/50, which is a lot, but you are only investing 5k and my other investors(well, just family and friends) have at least 25k with me.
[B]STOP[/B]!!!
you need to tread carefully my freind there will be lots of people who are willing to take you money of you and trade.
look up BLUE INDEX these people were willing to take people money and trade on there behalf, these guys looked like a profesional trainding outft based in LONDON google them and you will see that the FSA put them out of business for dodgyu trading
if you are going to go with someone
make sure
You see a provable [B]TRACK RECORD[/B]
[B]REFFERALS[/B] of people you trust “not bob from down the road”
make sure they are [B]REGISTERED[/B] under your local authority
[B]ASK[/B] a million questions to find out about how they intend to money for you
[B]RESEARCH[/B] the company like your life depends on it
if they promise big returns it often mean big RISK wind out excatly how they work with your money [B]MONEY MANAGMENT[/B]
and finally
[B]
BECAREFULL[/B]
Trade off the daily charts. You’ll get less trades, but they will be more reliable, and have an opportunity to generate more pips for you.
I have a full time job, a wife, two girls, provide content for multiple websites for both pleasure and pay, write magazine articles, and am writing a novel, and I still find time to trade off the 4HR and Daily charts.
If you’re looking for someone serious to handle your money, then you need serious cash. Any Tom, ****, and Harry these days can be a money manager. And they prey on guys like you that have a couple thousand dollars cash. You need at least 50k to be considered a small fries player, and in some extreme cases you need to have liquid-able assets up to a million dollars.
Trade yourself. I assure you that you have the time. And if you’re not willing to put in that time, then just sink it in a an aggressive mutual fund.
I hope you can see the DANGER sign!
I’d advise against letting some John Doe, no offense meant to FXelitetrader, manage your account.
I like this idea. If you don’t have time to constantly monitor the market then trade off of a daily chart. Take the same approach you would with a long term stock trade as you would with currency trading. Second thing to do is tone down the leverage when you put in a trade for the long haul. If you do use a money manager, I would first find out how much leverage they are using and see if their results have been audited.
any trading record?
nothing to add, thank you
live trade statement is my first point to start, not some nice words and pictures on web
Just some quick questions that anybody would want to know before even considering starting to investigate you, please note that several of the questions are simple yes/no:
How long have you been trading with consistently profitable results?
What, if any, relevant education do you have?
Do you hold any sort of financial/trading license, if so what?
Can you provide at least five references to clients you have?
What are the specifics of your trading? How much do you risk? What’s the risk:reward? What type of trading - intraday, swing?
Why do you not allow compounding?
Which broker do you have that IB agreement with? What’s your kickback on a new client?
Which country do you reside in?
Do you offer no profit - no fee policy?
Can you provide broker statements (not demo!!!) stretching at least three years back? (These should of course be checked with the broker)
edit: I see the post I answered was deleted, not surprisingly…
Man, like reading my CV 
good point for daily charts!
any recomendation on fund?
I think I will spend all weekend on google-ing for the start 
I would be happy to see your live statements!
Then your either a scam or you don’t know **** about proper money and risk management.
Period. End of discussion.
Let us see the statement and we can all discuss
Sure, look and be amazed if you like.
I’ve been around long enough to know what this is about. Why do you think that serious traders are happy to make 5-10% per month, 20 is an extremely good number.
But sure, if this guy can produce a photoshop, sorry cough cough, statement - well then it must be true!! :rolleyes:
Don’t waste your hard earned money on this kind of crap!
I totally respect you. But there must be a way to see verified results, not a screen shot, but something like earesults, or mt4stats, etc. Don’t know what’s the forum policy about that. Is there any special thread where someone can post such links?
It would be than nice that the creator can discuss results and strategy, maybe we can all learn from that.
regards!