I have been trading since 2003, I had my ups and downs and have finally been very consistent in the past 3 years.
I am struggling to find an investor or a network of investors to invest in me. Even though I believe my trading track record is very impressive.
Social trading sites don’t pay much, while all prop firms out, create none sense trading rules, that are designed to either make you lose, or win a little.
I have tried to send my myfxbook page to every hedge fund and trading institute that I could find on the internet. I have even visited some of their offices in Dubai. However, so far no luck. No one replies to my emails and messages.
What would you recommend to do to find investors in forex, who would agree to pay a high water mark, and invest a serious amount of cash?
That’s all anyone needs to know really. For a start, retail forex trading isn’t scalable, for obvious reasons - so nobody’s going to “invest a serious amount of cash” in it. (There are doubtless 10 other reasons, too, but that one alone is actually enough.)
Lol, forex trading isn’t really “trading” in the sense that investors intend.
That one reason sums up many of the obvious ones: you’re betting against a counterparty; your “trades” aren’t in a real market; there’s limited liquidity; slippage becomes exponentially significant as your position-sizes grow, and so on and so forth. All of these are reasons why no serious investor would touch it (or return your calls or emails, probably) but they’re all really part of the same reason, really: it’s not real trading.
(Sorry to butt in - I just happened to be online while you posted, and found the whole thread slightly amusing. Don’t take that the wrong way! )
It’s obviously true, but it isn’t relevant to what I said: what I said above isn’t about them: they’re doing real trades in a real market, not betting against a counterparty, as you are, on the prices of the counterparty‘s products.
Apparently I haven’t made my living solely from trading for quite enough decades to satisfy our friend, above: his main concern when I tried to help was to tell me that my knowledge in this field is very limited.
To be honest, without wanting to appear rude, I kind of lost interest in the conversation at that point and decided just to wish him good luck. The informative thread Hiromi suggested above didn’t help him, and I’m pretty sure the page you’ve posted won’t, either: he’s clearly already an expert way ahead of our paltry league.
CFD “funders” are actually counterparties who win only when you lose, but the futures funders win when you win, and are incentivized accordingly. That could be very helpful to you.
If you can trade profitably, there’s no downside at all for you to trade futures and - after surprisingly briefly proving yourself - almost unlimited funding is effectively available through the professional funding partners of companies like Earn2Trade. But no “serious investor” is ever going to fund a CFD trader, for all the reasons you’ve already mistakenly dismissed, above. And more.
(By the way, for future reference: I wouldn’t think that challenging experienced, professional traders to show you their “myfxbook” will get you very far: they’re obviously not trading CFDs anyway and you’ll probably just be on their “ignore” lists faster than you can tell them how limited their knowledge is).
@fxsavvy
Have you tried SMB (Mike Bellafiore) they are a real proprietory trading company with some 7 and 8 figure traders even working from home. Mike Bellafiore is always saying he is looking for potential traders?
I don’t want this thread to get out of the intended topic
The reason why I always ask for the myfxbook, is because I have been trading since 2003. And I have learnt that 99.9% of people who claim to be profitable, do not have proof of success.
Regarding the earn2trade which you have suggested. You have made another false statement when you said that they give you unlimited funding if you are profitable. Even their $400k is caped at $12k drawdown allowance. Which means that in practice, they are only giving you $12k to trade with. Which is pathetic.
The current live account which I trade on is in the millions. And I am looking for a serious network of investors who will put their money with a reasonable drawdown allowance to help me speed up my growth, and help them make more money.
Regarding trading the cfds, as long as your broker is forwarding your orders to liquidity providers, you should not have any problems. Unless your lot sizes go above 200 per position, then you could experience slippage.
SMB is for futures, equities, and options only (like all other genuine funders), @Johnny1974 : they don’t even accept CFD-records as evidence of skills or experience, either.
Here is one of the investment firms who trade fx and are looking for fx traders who have actually rejected my 3 years track record turning $5k to $1.7 million
((optiver))
And there are plenty more similar firms. So I strongly disagree with u
The misunderstanding of this issue is one of those “often seen in forums” things, really. It’s the same logic as a horse-race backer on a badly attended race-meeting in Hickville on a wet Wednesday afternoon having $10 to win on a horse that duly goes in at 20/1 thinking he could have had $1,000 to win and cleaned up - not quire realising (a) that he probably wouldn’t have been able to get his $1,000 on and (b) that if he could, the horse would have gone in at 5/1 rather than at 20/1.
When you bet against a counterparty on the price of their own product, however much you imagine it’s “the Nasdaq” (say), your fills depend on the order-flow of their other customers at that moment, only. Which is among the reasons why different “brokers” have different prices. So your results are never reproducible, in any size of interest to an investor, or objective, and least of all scalable. Even if they were “live”.
So real prop firms like SMB couldn’t possibly accept CFD results as evidential of anything much.
Your post contains many false statements regarding Forex brokers
“Different brokers have different prices” …. This is false and I got no idea how you could come up with that. If it’s true, everyone would use an EA to take advantage of the price difference between each broker (such EA has existed for decades, since 2009, and no one was able to find two legitimate brokers to attach to)
And another false statement when you said that brokers fill up your order once another customer sells. First of all this is called market making mode. And it involves B booking
I have already pointed a couple of times to the fact that some brokers use b book and others use A book. Nevertheless, A booking involves passing your order to liquidity providers.
These liquidity providers have huge money, and unless you are trading with billion of dollars accounts, you should not have a problem what so ever.
Again, there are many FX trading firms looking for good traders. The reason why I am here is because they all have ignored me and my myfxbook page, when I have applied to their job vacancies.
In order to find real investors for your forex trading enterprise, you need to take a multidimensional approach that goes beyond just having a strong track record. To begin with, you must have a business plan that is both persuasive and well-documented. This plan should clearly define your trading strategy, risk management methods, historical performance (if any), and how you aim to create returns for investors. Transparency is key; be upfront about both the possible rewards and the inherent hazards associated with FX trading. Do not make promises that are impossible to keep or overstate what you have done in the past. Networking is very important. Go to industry events, network with possible investors on networks such as LinkedIn, and establish connections within the financial sector. Think about becoming a member of online forums and communities that are related to your interests, where you may interact with traders and investors who have expertise. When you are trying to get potential investors to invest in you, make sure to customise your pitch to match their particular interests and investment objectives. Make sure to clearly explain what you have to offer and show that you have a thorough understanding of the market. Be ready to respond to difficult enquiries regarding your strategy, risk management, and history of performance. Lastly, think about getting advice from seasoned mentors or financial experts who may offer you useful information and contacts. Remember that creating trust and reputation takes time, so be patient, persistent, and professional in your pursuit of serious investors. It’s also essential to speak with a legal professional to ensure you comply with all applicable securities legislation.
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