Private trader info

Beginner Questions
1

Hello there everyone, I just joined as I would love to get some advice from you lot!

I have minimal knowledge of Forex. I have been offered what I consider a good opportunity to invest some money which goes into a big pool that a private trader uses. Each month and at any time, I can withdraw all, some, or none of my investment plus any profits.

There was no hard sell and no pressure and he’s been doing his thing for years and years. Apparently he used to work as a trader and has designed his own automated software to trade with. I have met several people who are very pleased they invested money and he came highly recommended.

Obviously I have been doing my own research and I have a lot of questions that I want to ask him. It just seems to me that its different to a regulated broker or someone who is advertising their services.

I would like to know, what would you ask?

2

if he will manage my account at XYZ broker, or if I have to open it at his broker.

Then I would ask if I could see his trading records, what his worst downdraw was (in pips) and if he could explain his money managment rules and (most importantly) why he uses those rules.

If he comes up with excuses I’ld be wary, but you can always post his replys and ask for more advice if you feel the need to.