Hi, I am new in the forum so first of all I would like to introduce my self. My name is Panos and I am from Greece I have a relevant short experience in forex because my main market is the stock market. Recently I decided to explore autotrading platforms and PAMM accounts and my first impression is that the traders’ evaluation systems that are used from some IB firms or even forex Brokers (for PAMMs) are not credible at all. No one of them demonstrates the full algorithm for the evaluation and I’m starting to believe that they “push” excessively the traders with the higher turnover (many intraday trades). And further more, I’m not sure if they wish (or be able) to combine correctly traders’ track records & statistics in order to provide to their clients an understandable “picture”. I will highly appreciate any comment and any relevant personal experience and opinion.
Hi Bud, Welcome to babypips,
If you want to trade forex, I personally believe YOU should learn the ropes YOURSELF, make your OWN trades, by your own logic.
If you want to play baseball, do you let someone else bat for you?
Dont put your eggs in someone elses basket, especially someone you never meant, In real Life…
You would be better off Flippin a coin, red one side, green the other side…
Just sayin,
Best of Luck to you
Thank you for your reply. Exactlly that’s my point. I can’t trust any autotrade platform or PAMM stracture in forex because of the insufficients evaluation systems and I’m looking for a second opinion on this issue.
As I already mention I have a quite large experience in Stock Markets and yes some times I had let someone else to bat for me but my choice was based on a credible evaluation of his track record.
There is no other way to successful activate in Markets espessially if you don’t have the available time.
By the way…I prefer basketball
Thanks again
I prefer basketball too Miner I am forex trader for 3 years and now teach others for trading better on forex market.
I think it will be better for you if you trade by yourself due of you have experience on stock market.
In my case I never trust others to manage money because I think forex market is different in this case as stock market.
Because in forex market everyone can access to any news and with small amount of money every one can make huge amount of money.
LOL, ok, ok, Im a football guy myself actually, but we get the gist of it…
I see what your talking about now, as far as the time you have to put into this…
Even If you just follow 1H time frame, and play inside bar action, you could strike it nicely, Or take it to the hole, SWISSSSHHH…
Depends on your time available, But it definitely calls for Price action, using either Inside bar, or Pin bar reversals, 1H, or even Daily…
I think you will get it figured out, as you at-least have some sort of experience, as a chart is a chart…
Great Profits to you Fella, I hope you find your way…