As an investor to recognize a good trader?
Market Forex as he was, and remains the most attractive investment vehicle. This is understandable.
Where else can in a short period of time to quickly multiply your money many times?
That is precisely on this ground and there is a large number of investors who are willing to give their money under the control of a professional trader . But only for investors to find a good trader is not so easy. All around lies and deception, a lot of traders - speculators, etc. But you want to be sure that the cast to invest money is in safe hands.
Perfectly logical question arises: "How do investors recognize a good trader ? "In fact, nothing particularly difficult about this is not the main thing to approach this sensibly.
First, you'll agree, ask the trader to provide proof of his competence. Namely - trading report for any period of time (preferably during the current, rather than the previous period). If the trader refuses to provide it to you - immediately goodbye to him. Believe me, the professional trader can always provide the evidence. The presence of the trade report, the trader should be mandatory!
And do not disagree with the typical excuses some traders: "I do not want to shine your profits!" So in most cases, say those who can not prove their competence. After all, the investor confidence in the trader their money, so he has every right to know what is wrong is not in man. Give the money is not known who will not accept anyone! The ideal situation would be provided by the trader trading report for the period of one year or higher.
Second, note the contact details provided by the trader. Investor should have a normal information, not just the pager number, or Skype. Once again - it is connected with money, but this is serious. So a good option would be extensive data communication with the trader, until the mobile phone number. The more data will be the investor, the less likely that the trader "throw" of the investor.
Third, be sure to negotiate with the trader in advance of a possible maximum drawdown of money. Most optimal variant of 20-30%. If the trader will insist on raising the level of drawdown of up to 50%, it will signal the end of the negotiations. A professional trader will never tolerate the loss of half of the deposit ! Sometimes by some traders to hear suggestions on the management of funny. For example, I have seen proposals for capital management, which limits admissible loss level stipulated in 100%. Is just ridiculous. This means that for a trader's loss of deposit is common.
Fourth, discuss in advance the conditions of management. They managed account must be opened in the name of the investor and the trader should have access only to the trade, nothing more. Also, do not be superfluous to discuss the life and money management.
Fifth, discuss payment of the work itself trader. You can often find deals on 50/50, but many traders are asking for their services only 30%, especially if the investor invests a lot of money.
For the investor there is nothing more important than the reliability of its invested assets, well, this is largely dependent on the correct choice of the trader. Therefore, never in a hurry, all carefully check and agree, and you will find for themselves a man who will be able to entrust their money.
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Tags: Investing , Investor , Trader , Forex Investments , a good trader
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Thank you for your post. It is time.
Always please