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Should Forex Managed Accounts Be Trusted?
paypascal
post Oct 30 2008, 04:11 AM
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In particular the official forex accounts like fxcm is offering?
Or do you think it's the best to trade yourself or to create an EA yourself?

Cheers,
Pascal.


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ManageMyForex
post Nov 8 2008, 01:43 PM
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I manage Money and hope you would be able to trust my services.

I do not have IB with any broker and I do not get paid on Performance I instead charge a subscription fee

I make my clients 8-15% a month with my EA

To me this is the most honest way yo manage clients I have no reason to churn an account or to make a killing one month to get my performance payments payments more... I simply get paid the subsription fee and you keep all the profits I make money...you make money...we are both happy and you stay a client long term!

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This post has been edited by ~fishie~: Nov 10 2008, 07:08 AM
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railsh00ter
post Nov 15 2008, 04:40 AM
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QUOTE (paypascal @ Oct 30 2008, 07:11 AM) *
In particular the official forex accounts like fxcm is offering?
Or do you think it's the best to trade yourself or to create an EA yourself?

Cheers,
Pascal.


Pascal, it is always best to trade for yourself. An EA is one dimentional and can only trade with the market moving in one direction. The market moves in 3 basic directions and that is all. It will either be in a trend, a counter trend or there will be a breakout. You have to have 3 different startegic systems for each way the market is moving or your going to lose money from being in with the wrong system or your going to lose money from not being in the market at all when it's not moving the way your EA needs it to.

1) Trend; the market is moving upwards or downwards ( apx. 35% of the time)
2) counter trend; The market is moving sideways ( apx 60% of the time)
3) Break out: when it breaks out of a trend ot counter trend( apx. 5% of the time)

No EA or just one system can work with all three.
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dannyson1
post Mar 3 2009, 10:27 PM
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There are some managed accounts & EAs which can be trusted, however there are a lot of scams out there so be careful if you decide to trade with one.


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clickraja
post May 8 2009, 10:58 PM
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This post has been edited by Mordk: May 14 2009, 12:28 PM


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Somerset
post May 10 2009, 10:32 AM
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Of course it's better to trade yourself in case you have enough skills. If you don't have that skills you can always start study and exercise, but you must be very pacient. It will pass a lot of time until you'll become an experienced trader.
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