Author Topic: Managed forex account (Read 1435 times)

crazywolf · « **on:** May 05, 2012, 01:34 AM »

Can anyone on this forum recommend one or more decent managed forex account or fund to invest?

zaragorath · « **Reply #1 on:** May 05, 2012, 12:13 PM »

No such thing, only you know who to recommend

suntzu · « **Reply #2 on:** May 05, 2012, 12:46 PM »

i don't know. maybe some PAMM managers may invite you here. but, it is hard to find out his history of trading. if ever, i suggest that the PAMM account manager has at least 50% of the PAMM account as his investment. the rest are investors monies. that way, i may think that the account manager will use extra diligence and care in trading the whole PAMM account. maybe if the PAMM account manager has at least a 30-50% invested interest (his own invested money,aside from commission), maybe i will trust him to trade my money.

ferrariEverest · « **Reply #3 on:** May 05, 2012, 12:51 PM »

Sir crazywolf,
si Sir DPT has an algo-based (programmed/automatic) trading account. ino-offer nya yun for a minimum capital lang. PM nyo sya.

i've been wishy washy about going back to managed accounts, pero d pa sure sa ngayon. probably 2013/2014 (intay ko muna ano mangyari pagdating ng aliens this year

). u can PM me if interested & update ko kayo if ever.

in the mean time, pag-aralan nyo muna yung trading. malay nyo, d nyo na kailangan ipamanage sa iba. mas ok kasi kung self-reliant kayo.

Post Merge: May 05, 2012, 12:54 PM

Quote from: suntzu on May 05, 2012, 12:46 PM

i don't know. maybe some PAMM managers may invite you here. but, it is hard to find out his history of trading. if ever, i suggest that the PAMM account manager has at least 50% of the PAMM account as his investment. the rest are investors monies. that way, i may think that the account manager will use extra diligence and care in trading the whole PAMM account. maybe if the PAMM account manager has at least a 30-50% invested interest (his own invested money,aside from commission), maybe i will trust him to trade my money.

since 2009, i have heard/learned of instances wherein
a trader does well trading his/her own money, but does a mediocre/bad job managing accounts;
a trader does well trading OPM (other people's money), pero suck at trading his own account.

in other words, iba iba yung results.

beautifulmind · « **Reply #4 on:** Jun 15, 2012, 07:05 AM »

Hi crazywolf,

I am using a high profitable and proven good track record Forex manager.

I can forward your details to him if you are interested.

I am forex newbie. Whilst learning, I decided to let 'others' trade my money. Yes, it's true, its better you manage your own hard-earned money. But, if you dont have enough experience, knowledge and discipline in forex, your money can be wiped out in few days!

So, I carefully chose a manager while I am learning. He is scalper, trainer and for me expert. He has 14yrs experience in forex market. He used to be hedge fund manager from big UK company (ABG Group) and forex trainor. Last year he started to manage forex account for others. He started with old clients whom he worked with while he was in ABG. After 12months the account has gained 480%+. He follows very strict money management rules (kaya nga cguro nakapag 480% gain cya. Due to his excellent performance, his clients has grown quickly (from 7 to 30+ and growing).

Before, his service was only available to institutional accounts (corporate accounts). Then he started to manage retail (private individual) account lately too, started with friends. Friends na din kami ngayon

On his program - you will have full access on your money (can withdraw anytime), but you cannot trade it yourself (hehe.. because he will do the trading for you). He cannot withdraw your money too or anything like that, only trading access.

Minimum investment is 10k USD for private individual (retail account). And 100k USD for corporate or institutional accounts.

You would need to open an account with MIG Bank in Switzerland (he will assist you on the process).

PM me if you are interested. I'll forward your details to him.

I have access to actual performance and history of transactions. There you could verify his performance and proven track record.

Be careful on choosing Forex Manager, a lot of them are scammers.

Forex is a market with a huge interest for investors; no wonder that scammers are hunting for the big money here. The problem is that many potential investors hear a lot about making money of Forex, but know nothing about the specifics of this market. Therefore these people can be easily lured into a scam designated as a Forex investment.

Just some pointers to smell scam;

Forex Investment Scam Trick #1 – Send Me the Money.Never send your money to the Forex trader or Forex trading company – your money can “evaporate”. Even if they give you a bank account, today it is possible to open a fake bank account; so the chances of losing your money are very high.

Solution: You do not send money to traders. You open your trading account DIRECTLY with the reputable Forex broker. One of them is MIG Bank - a company that has global recognition for YEARS on this market. So, you open an account directly with this broker. You are the only person on the planet whom this broker allows to deposit or withdraw the money from this account. I even asked MIG Bank to allow my sister to wire transfer on my behalf because I am out of the country (philippines), but they did not allow me. Because the deposit money could only come from your own personal account. same name should appear. Same goes for withdrawal. They don't transfer money to any account except your own. So, that is YOUR account. The trader is only able to perform trading operations with the money under your limited power of attorney. They cannot withdraw this money and buy a yacht a villa in Spain, or a fancy sport car.

You are the only and absolute owner of the account that you open directly with a world famous Forex broker. You track absolutely everything. No intermediaries (who can disappear) – no risk that someone will take your money.

AND, any professional Forex brokerage company is checking the identity of its traders. Better than any FBI and CIA. That is why you can be sure that these traders are real people who do not have any chance to run away and disappear.

Forex Investment Scam Trick #2 – We Guarantee Profits

No one is allowed to guarantee profits on the Forex market – this is against the law.

The reasons are obvious, because Forex is a risky market. Even if someone has been making profits from Forex trading 60 months in a row – there is no guarantee this trader will make profits the next month.

That is why when you see any HYIP or other investment programs which say ‘we guarantee X% monthly or Y% daily’ – congratulations, you have found a scam. It is prohibited by law to promise any guaranteed profits from Forex trading.

Forex Investment Scam Trick #3 – Great Reviews
Even if your best friend is recommending a HYIP – this friend can be fooled by the forums, reviews, articles, press releases and videos.

Forex Investment Scam Trick #4 – They Paid at the Beginning
Most of the scammers pay at the beginning, because they have to feed the market and spread the good buzz. Before they start any scam, they have at least 6 months’ reserve for payouts – but they will rip off people for a much bigger money. For them this “payment at the beginning” is like an investment, a necessity. For naive investors this is a bait. You would be surprised how many people got caught onto that bait. Maybe even you were one of the victims. If so – sorry, but you should have read this post earlier.

Forex Investment Scam Trick #5 – They Had Nice Income %

Come on!

Anyone can take Photoshop and draw everything. Pay $50 to a good web designer and you can “boast” with screenshots of billions USD on your account.

================
In short, don't just trust anyone!

Even such a great post like mine, should not make you trust me. If you trust me just for reading these tips, then you have missed the idea of this post – take the veil away from your eyes.

There is just one thing you can trust in this world: a global reputation of worldwide famous brand proven by years.

So, for me... I did very careful and intensive research. He ticked my boxes

- open an account directly with top reputable Forex broker (their reputation is much better than the reputation of most of the world governments and political leaders)
- this Forex broker checked my trader's identity better than any FBI or CIA (and you can be sure that traders are real people who cannot disappear)

Although this does not guarantee any profit (hey it is against the law). But this guarantees that you will never say “My money is gone, I do not know where” – you have real people doing the job for you.

Furthermore - I found same program elsewhere. But people complaining that there money is gone in 2months!!! Yet, everything is legal. But the traders??? I doubt that they are skilled enough.

Share ko na lang din ang performance history nya;

This is for $100k account. He just started individual account, so no history to share for the moment. But more or less you can use these data as your basis.

Equity grown before profit Sharing
June 2011 - 35.4%
July 2011 - 50.25
Aug 2011 - 25.82%
Sept 2011 - 19.3%
Oct 2011 - 31.11%
Nov 2011 - 4.45%
Dec 2011 - 2.9%
Jan 2012 - (-6.11%)
Feb 2012 - (-7.52%)
Mar 2012 - (-7.1%)
Apr 2012 - 61.26%
May 2012 - 42%
June 2012 - program was inactive from June 1-11 due to migration to MIG Bank. During the last 3-days of trading he is up by 2.5%

He had newborn baby last Dec, kaya ang taas ng drawdown nya. Nevertheless, wala pa din sa 20% ang drawdown.

Take note: his profit share is based on highwater-mark system. Meaning, he does not take fee if you dont have profit on that month. http://www.investopedia.com/terms/h/highwatermark.asp

So goodluck for looking a good manager buddy. I hope my information helped you a bit.

PM mo lang ako if you want to know more. Or send me email sa beautifulmind168(at)gmail.com

DPT96Strategy · « **Reply #5 on:** Jun 15, 2012, 09:05 AM »

Quote from: ferrariEverest on May 05, 2012, 12:51 PM

Sir crazywolf,
si Sir DPT has an algo-based (programmed/automatic) trading account. ino-offer nya yun for a minimum capital lang. PM nyo sya.

i've been wishy washy about going back to managed accounts, pero d pa sure sa ngayon. probably 2013/2014 (intay ko muna ano mangyari pagdating ng aliens this year ). u can PM me if interested & update ko kayo if ever.

in the mean time, pag-aralan nyo muna yung trading. malay nyo, d nyo na kailangan ipamanage sa iba. mas ok kasi kung self-reliant kayo.
Post Merge: May 05, 2012, 12:54 PM
since 2009, i have heard/learned of instances wherein
a trader does well trading his/her own money, but does a mediocre/bad job managing accounts;
a trader does well trading OPM (other people's money), pero suck at trading his own account.

in other words, iba iba yung results.

@ FE, sorry hindi na ako ngayon nag offer ng free EA or plan to managed PAMM account, meron na kasi ako ngayon source of fund through bonus for posting I'm expecting to accumulate fund for trading at least $450 every month so pag nagtuloy tuloy ang offer nila baka makaipon ako ng more than $2000 to $3000 by the end of the year na gagamitin ko fund sa live trading

Prospera · « **Reply #6 on:** Jun 15, 2012, 09:42 AM »

@beautifulmind: Interesting. May I know how long you've had your account managed by the trader you're recommending? How much in total profits has been generated? How much was the worst drawdown? Does he use a PAMM account for trading on behalf of all his clients? How much is his monthly share of the profits?

TIA for your reply.

leo0707 · « **Reply #7 on:** Jun 15, 2012, 01:56 PM »

Quote from: beautifulmind on Jun 15, 2012, 07:05 AM

Hi crazywolf,

I am using a high profitable and proven good track record Forex manager.

I can forward your details to him if you are interested.

I am forex newbie. Whilst learning, I decided to let 'others' trade my money. Yes, it's true, its better you manage your own hard-earned money. But, if you dont have enough experience, knowledge and discipline in forex, your money can be wiped out in few days!

So, I carefully chose a manager while I am learning. He is scalper, trainer and for me expert. He has 14yrs experience in forex market. He used to be hedge fund manager from big UK company (ABG Group) and forex trainor. Last year he started to manage forex account for others. He started with old clients whom he worked with while he was in ABG. After 12months the account has gained 480%+. He follows very strict money management rules (kaya nga cguro nakapag 480% gain cya. Due to his excellent performance, his clients has grown quickly (from 7 to 30+ and growing).

Before, his service was only available to institutional accounts (corporate accounts). Then he started to manage retail (private individual) account lately too, started with friends. Friends na din kami ngayon

On his program - you will have full access on your money (can withdraw anytime), but you cannot trade it yourself (hehe.. because he will do the trading for you). He cannot withdraw your money too or anything like that, only trading access.

Minimum investment is 10k USD for private individual (retail account). And 100k USD for corporate or institutional accounts.

You would need to open an account with MIG Bank in Switzerland (he will assist you on the process).

PM me if you are interested. I'll forward your details to him.

I have access to actual performance and history of transactions. There you could verify his performance and proven track record.

Be careful on choosing Forex Manager, a lot of them are scammers.

Forex is a market with a huge interest for investors; no wonder that scammers are hunting for the big money here. The problem is that many potential investors hear a lot about making money of Forex, but know nothing about the specifics of this market. Therefore these people can be easily lured into a scam designated as a Forex investment.

Just some pointers to smell scam;

Forex Investment Scam Trick #1 – Send Me the Money.Never send your money to the Forex trader or Forex trading company – your money can “evaporate”. Even if they give you a bank account, today it is possible to open a fake bank account; so the chances of losing your money are very high.

Solution: You do not send money to traders. You open your trading account DIRECTLY with the reputable Forex broker. One of them is MIG Bank - a company that has global recognition for YEARS on this market. So, you open an account directly with this broker. You are the only person on the planet whom this broker allows to deposit or withdraw the money from this account. I even asked MIG Bank to allow my sister to wire transfer on my behalf because I am out of the country (philippines), but they did not allow me. Because the deposit money could only come from your own personal account. same name should appear. Same goes for withdrawal. They don't transfer money to any account except your own. So, that is YOUR account. The trader is only able to perform trading operations with the money under your limited power of attorney. They cannot withdraw this money and buy a yacht a villa in Spain, or a fancy sport car.

You are the only and absolute owner of the account that you open directly with a world famous Forex broker. You track absolutely everything. No intermediaries (who can disappear) – no risk that someone will take your money.

AND, any professional Forex brokerage company is checking the identity of its traders. Better than any FBI and CIA. That is why you can be sure that these traders are real people who do not have any chance to run away and disappear.

Forex Investment Scam Trick #2 – We Guarantee Profits

No one is allowed to guarantee profits on the Forex market – this is against the law.

The reasons are obvious, because Forex is a risky market. Even if someone has been making profits from Forex trading 60 months in a row – there is no guarantee this trader will make profits the next month.

That is why when you see any HYIP or other investment programs which say ‘we guarantee X% monthly or Y% daily’ – congratulations, you have found a scam. It is prohibited by law to promise any guaranteed profits from Forex trading.

Forex Investment Scam Trick #3 – Great Reviews
Even if your best friend is recommending a HYIP – this friend can be fooled by the forums, reviews, articles, press releases and videos.

Forex Investment Scam Trick #4 – They Paid at the Beginning
Most of the scammers pay at the beginning, because they have to feed the market and spread the good buzz. Before they start any scam, they have at least 6 months’ reserve for payouts – but they will rip off people for a much bigger money. For them this “payment at the beginning” is like an investment, a necessity. For naive investors this is a bait. You would be surprised how many people got caught onto that bait. Maybe even you were one of the victims. If so – sorry, but you should have read this post earlier.

Forex Investment Scam Trick #5 – They Had Nice Income %

Come on!

Anyone can take Photoshop and draw everything. Pay $50 to a good web designer and you can “boast” with screenshots of billions USD on your account.

================
In short, don't just trust anyone!

Even such a great post like mine, should not make you trust me. If you trust me just for reading these tips, then you have missed the idea of this post – take the veil away from your eyes.

There is just one thing you can trust in this world: a global reputation of worldwide famous brand proven by years.

So, for me... I did very careful and intensive research. He ticked my boxes
- open an account directly with top reputable Forex broker (their reputation is much better than the reputation of most of the world governments and political leaders)
- this Forex broker checked my trader's identity better than any FBI or CIA (and you can be sure that traders are real people who cannot disappear)

Although this does not guarantee any profit (hey it is against the law). But this guarantees that you will never say “My money is gone, I do not know where” – you have real people doing the job for you.

Furthermore - I found same program elsewhere. But people complaining that there money is gone in 2months!!! Yet, everything is legal. But the traders??? I doubt that they are skilled enough.

Share ko na lang din ang performance history nya;

This is for $100k account. He just started individual account, so no history to share for the moment. But more or less you can use these data as your basis.

Equity grown before profit Sharing
June 2011 - 35.4%
July 2011 - 50.25
Aug 2011 - 25.82%
Sept 2011 - 19.3%
Oct 2011 - 31.11%
Nov 2011 - 4.45%
Dec 2011 - 2.9%
Jan 2012 - (-6.11%)
Feb 2012 - (-7.52%)
Mar 2012 - (-7.1%)
Apr 2012 - 61.26%
May 2012 - 42%
June 2012 - program was inactive from June 1-11 due to migration to MIG Bank. During the last 3-days of trading he is up by 2.5%

He had newborn baby last Dec, kaya ang taas ng drawdown nya. Nevertheless, wala pa din sa 20% ang drawdown.

Take note: his profit share is based on highwater-mark system. Meaning, he does not take fee if you dont have profit on that month. http://www.investopedia.com/terms/h/highwatermark.asp

So goodluck for looking a good manager buddy. I hope my information helped you a bit.

PM mo lang ako if you want to know more. Or send me email sa beautifulmind168(at)gmail.com

you are interesting, may i know if what are your reasons why you didn't trade your own account?

Post Merge: Jun 15, 2012, 01:57 PM

Quote from: Prospera on Jun 15, 2012, 09:42 AM

@beautifulmind: Interesting. May I know how long you've had your account managed by the trader you're recommending? How much in total profits has been generated? How much was the worst drawdown? Does he use a PAMM account for trading on behalf of all his clients? How much is his monthly share of the profits?

TIA for your reply.

are you a trader also prospera? if so, what derivative you are trading with?

beautifulmind · « **Reply #8 on:** Jun 15, 2012, 02:59 PM »

Quote from: Prospera on Jun 15, 2012, 09:42 AM

@beautifulmind: Interesting. May I know how long you've had your account managed by the trader you're recommending? How much in total profits has been generated? How much was the worst drawdown? Does he use a PAMM account for trading on behalf of all his clients? How much is his monthly share of the profits?

TIA for your reply.

hello prospera. I just opened an account (kasi nga hard earn money ko yun). But I have been following the performance of other accounts. And its able to convince me. I will surely share the result of my own account here. But that maybe needs 6-12mos, pero update ko kayo every month sa result ko.

Here is the actual drawdown for the past 12mos
June 2011 - 14.06%
July 2011 - 11%
Aug 2011 - 10%
Sept 2011 - 7.85%
Oct 2011 - 6%
Nov 2011 - 10%
Dec 2011 - 8.47%
Jan 2012 - 18.42%
Feb 2012 - 11.16%
Mar 2012 - 6.13%
Apr 2012 - 3.1%
May 2012 - 3.09%

to answer your question on worse drawdown was last Jan which is 18.42% (even less than 20%) unlike other manager, ubos talaga ang 10k mo in just 2mos!

he is now using one mother account to execute only one trade for all accounts, through MIG Bank. (Prominent broker sa switzerland- www.migbank.com) So all accounts have equal results.

He charges 35% profit share. 35% ng profit made on that month sa kanya, 65% sau. It is calculated and deducted by MIG Bank every end of the month from your account. MIG bank ang mag i-execute ng split at deduction. Part contract na pipirmahan mo sa pag open ng account sa kanila.

I'll share my own results soon guys.

Post Merge: Jun 15, 2012, 03:05 PM

Quote from: leo0707 on Jun 15, 2012, 01:56 PM

you are interesting, may i know if what are your reasons why you didn't trade your own account?
Post Merge: Jun 15, 2012, 01:57 PM

Hello Leo,
I am totally newbie in forex. I'm sure i will burn my money very quickly if I will trade it on my own. For now I am trading demo while practicing stuffs that I am learning and a bit of live account for 500usd.

It is only my personal strategy. To start my money growing in the background while I am sharpening my skills. Oooppppsss... parang malalim na yung sharpening at skills. Kasi for now wala pa pala ako nun hehe..

Prospera · « **Reply #9 on:** Jun 15, 2012, 04:25 PM »

Thanks, beautifulmind (bm). Those are impressive results. Would it be possible for you to post a screenshot of the chart showing the balance/equity of the Migbank PAMM account managed by your recommended trader since it started?

@leo: I trade forex.

beautifulmind · « **Reply #10 on:** Jun 15, 2012, 05:17 PM »

Is this what you mean @Prospera?

this account is $100k usd deposit and under Alpari Ltd. This is the only account I have read-only access. Others cannot be disclosed due to disclosure agreement.. He used to trade through Dukascopy and Alpari. he just migrated all his clients account to MIG. So, he can only trade in one platform across all account using one mother account. That's why he wasnt able to trade June1-11. The result attached is from 2011.06.07 11:30, and left untouched to date.

i am trying to post screen of actual transaction history, but it seems i have trouble doing so. I will bit later. Watching my trade on GU. GBP/USD is going crazy at the moment

Post Merge: Jun 15, 2012, 05:20 PM

aagghh!! still no pics! anyone having same trouble as mine? i clicked on insert pic icon, but it didnt prompt me for any option to browse the actual file. only the html code, so i just inserted the location of the file in my disk in between the htm code... but didnt work. prospera, will try again soon!

Post Merge: Jun 15, 2012, 05:40 PM

I could not attached image as well as file..

anyone could help?

suntzu · « **Reply #11 on:** Jun 18, 2012, 02:40 AM »

Quote

I could not attached image as well as file..

anyone could help?

i don't think PMT allows direct uploads. i think you can only post image/URL links. thus, you have to upload your images/files to web/image holders such as www.tinypic.com (free service/uploads) and paste the image/link to your posting here. hope this helps....

beautifulmind · « **Reply #12 on:** Jun 18, 2012, 04:07 AM »

Ok cool, thanks for your reply suntzu

I'll give it a try very soon. And share the screenshot here.

Tomorrow would be very interesting day for EUR. I am excited to see result and trade

Post Merge: Jun 18, 2012, 05:17 AM

here is the link for the captured screen shot guys.

I just print part of it as it was too long to print screen all (part per part) and put them together in one file. It contains the first month and the last month and the summary.

@prospera: i must correct myself. for this 12mos the maximum drawdown was 23.49%. This was during his worse time, baby crying and one little kid playing around. Now he is pretty much settled and you can see it on his last 3months performance.

Anyone interested, just drop me an email. I will try to ask permission from the trader himself, if I could share the access to the result. So you could verify it yourself.

PS. He needs to protect the privacy of the account holder. And I am not sure if I could post the link of his website here. It's pretty much not so commercialized (the website), so it's quiet challenging to find his site on net.

BM

Prospera · « **Reply #13 on:** Jun 19, 2012, 12:06 PM »

Thanks, bm. Your trader does seem like the real deal. Is he Pinoy? How did you get to know him? Is he a manual trader or does he use a bot? (Most PAMM traders employ automated systems, I notice.) Is there a lock-in period for investing?

Will await updates on your own account if possible. Good luck!

beautifulmind · « **Reply #14 on:** Jun 19, 2012, 03:00 PM »

Prospera - he is not Pinoy. He is European who worked with ABG Group in UK. He's been introduced to me by a forex trainor. He is manual trader. He has solid experience on forex and hedge fund. No bots, only his own tools and indicator. No lock-in period. You can take your money anytime. You can withdraw your money if you feel like it. Or you can deposit more if you feel it is worth adding more investment. You can withdraw/deposit money anytime. Not to him neither to his platform. You do withdraw deposit to MIG Bank to your account. Your money is not in a hedge fund too (pool of money funds), it is your own personal account.

Ok I shall share my own account's performance here soon!

Thanks