Fxmanager's Posts
Nairaland Forum › Fxmanager's Profile › Fxmanager's Posts
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airsaylongcom:Do you call educating and enlightening investors on what to look for in a trader nagging? |
ephisi:Does that look like an independent/third party audited and verified trading performance track record? Can an historical drawdown be deduced from there? You know the answer. Please provide what is expected from you. |
ephisi:Forex trading is a game? Search for the person that train you and ask for your training fees to be refunded |
ephisi:Where is the proof. We can smell lies from a distance. |
ephisi:My friend, your independent/third party audited and verified trading performance track record, will bring this up and down argument about fxtm showing or not showing their historical/current floating/open positions, as fxtm/PWC does not showcase this most important statistic. We don't know why you are refusing to do that. So many investors who have been following us and are yet to make a decision to invest with us have been requesting that we recommend a good trader/forex fund manager, but due to the fact that most of this brokers cannot show their historical/current floating/open trading positions/equity, we can't recommend any. Even when some brokers might have a capital protection in place for investors, which we recommended them to use in other to protect a percentage of their capital/investment, it still becomes an issue as an investor will still need the historical floating/open trading position/equity, to use to form, the basis for his/her capital protection level. So kindly furnish investors in this forum with your independent/third party trading performance track record from www.fxstat.com, www.fxblue.com or www.myfxbook.com. Let us advice you a bit, you should think about using a forex broker with good global user reviews from www.forexpeacearmy.com, and you should also know that the longer your trading positions stays in the open market, the higher the risk to investors capital/investment. As investors, we are more comfortable, investing in a forex trader/fund manager that does not hold open trading positions for a long time in the market. |
ephisi:We are yet to push for investors as we should. We are only focusing on growing the PAMM managed account, and putting everything in place so that it will not be difficult for our investors to make an investment, and out marketers to market us. The new trading journal that we will create will bring to investors, not only a Coronavirus/Global economic recession proof investment platform, but also a Coronavirus/Global economic recession proof passive income opportunity. You can visit to learn about this. We were not marketing anything here. We were only in this thread to educate members of this forum on the difference between a scam/ponzi scheme and a legitimate/secured forex fund management company, and we just had to use our fund management structure as an example. You, that actually came to post those PAMM trading performance from fxtm, without joining us to first educate the members of this forum and defending this forex fund management business from being destroyed by MBA, by using the name forex to run its scam/ponzi, were you not exhibiting selfishness on your part, by first stepping in to market your PAMM managed account here? Save the forex fund management industry in Nigeria first, before talking about your PAMM managed account, by joining us to create this awareness about how a true and secured forex fund management company is structured, and educating the masses on how a scam/ponzi operates, and how they will be defrauded. Someone is risking his business here exposing a scam/ponzi for what it is, and all you did was to step in to accuse them of marketing their service. You fell to realise that your first post here was to market your PAMM managed account. What a selfish fellow. We have more respect for other traders who have join hands in their comments/post to expose MBA for what it is, than you. You should be ashamed of yourself. You want to set me up with FXTM. You should first of all think of using a good broker with good global user reviews to set up your fund management service. For your information, do you know how many brokers have contacted us to take up the position of a regional manager of their brokerage in Nigeria, and we refuse? Do you know how many brokers have contacted us for us to use them to set up our PAMM managed account or use them as part of the brokers in our website, to set up our PAMM managed account? You should take a good look at the broker you are using to set up your PAMM managed account. Have you cared to check the global user reviews from www.forexpeacearmy.com. Let us help you with the link. https://www.forexpeacearmy.com/forex-reviews/9209/forextime-forex-brokers# Can you see the global user reviews of the broker that you are using and recommending that your investors invest with you through. If the old reviews were poor, at least the recent user reviews should show an improvement, but no improvement. We advise investors to go through the user reviews of this guy's broker from page to page, and you will a trader that does care about your funds/investment. The global user reviews of our partner broker below should tell you about a forex fund management company that cares about it's investors. https://www.forexpeacearmy.com/forex-reviews/15375/puremarketbroker-forex-brokers# We still stand on what we said that a minimum of three month trading performance track record is okay for an investor to invest with us as intraday traders/fund management having an average trade time of 27mins and maximum trade time of 54mins with a pip expectancy of 6.9pips. This should tell you about the strength of our trading strategy. Comb the entire www.myfxbook.com, if you should find any other trading performance track record with an average trade time of under 30min and a pip expectancy of 6.9pips, trading exclusively the eight major currencies, even if it is an average trade time of under an hour, you post the link of the trading performance track record here. We will not be distracted by you. Investors in this forum need to see your independent/third party audited and verified trading performance track record. They need to see your floating open position statistics, as such is not provided by fxtm. |
Philipbbc:That's your opinion |
Joevics:We are setting up our forex fund management service under a government licensed, regulated, monitored and audited forex broker, which is in another jurisdiction (note the fact that the broker is at least government regulated, though in another jurisdiction, but that regulation protects/covers investors from countries permitted by the government regulatory body). MBA should do the same if they are genuine. We are not collecting investors deposits into our personal account like MBA. Investors risk loosing their investment, when MBA shuts down. In our forex fund management structure, you are opening your personal forex brokerage/investment account, directly with a government licensed, regulated, monitored and audited broker, to make an investment with us. In this case, you the investor has 100% deposit/withdrawal access to the account. We are only given access by the broker to trade/manage your funds through a forex PAMM trading software/platform. No matter where we are located to trade your funds, we don't have deposits/withdrawals access to investor's investment account, removing the risk of us running away with investors funds. If MBA forex is actually trading forex, they should have use the same structure above, but there are only recycling investors funds. Any forex investment firm that is not government regulated and is not working in partnership with a government licensed and regulated forex broker and is receiving investors deposit is a scam waiting to happen. In our own case we are using our trading strategy to grow investors funds through our fund management service, set up under a government licensed and regulated forex broker. With these structure, the issue of us running away with investors funds does not arise, as investors will be benefitting from our trading skill by investing with us by having an investment account, through the government licensed and regulated forex broker. These accounts, we as traders/fund managers have no deposit/withdrawal access. The only access is to trade/manage the account. The bone of contention with MBA and it's ponzi scheme is that when they shut down today and run away with investors funds, they will give a bad name to the forex fund management/investment business and also pose a risk to those of us who might be going out to market our legitimate forex fund management service. Another bone of contention with them is the ignorant, gullible and naive investors that they will defraud at last, the suicides that will follow, the families that will be destroyed, the relationships that will be destroyed. The promoters of the scheme risk being bathed with acid by those that they lured into the scheme, like it happened in some state, during the time of MMM. |
Joevics:It can happen once in a while, but in terms of your trading strategy consistently doing that, it is not easy. You risk blowing up the account under management. Forex leverage is a double edge sword, it cuts from both side. As traders we have to always be concern about the downside risk to account under management, so that you can live to trade another day. |
airsaylongcom:Noted |
Joevics:There is no Nigerian government regulated forex broker currently. Forex brokers might have their representatives here in Nigeria, but have their headquarters in another country where there are regulated by the government of that country. That regulation protects/covers traders/investors doing business with the broker, provided the regulation protects/covers citizens from your country. Though you also don't need to rely on government regulation alone, but also rely on the forex broker's user reviews, especially in the angle of deposits/withdrawals. Currently the only reliable independent forex broker's user reviews website is www.forexpeacearmy.com |
airsaylongcom:For your information lockdown, self isolation or quarantine is part of our profession as forex traders, especially full time traders like us. We are used to it and we are not feeling a thing. We are only hearing about it or seeing it in the news, or when we step outside. Some of us have been in lockdown, self isolation or, is it quarantine for years now in other to research on different trading strategies, in other to build our trading strategy, and we are always still on lockdown looking for trading signals from the same trading strategy in other to trade the market from Sunday evening when the market will open until Friday evening when the market will close, and this has been going on for years. You should be more concern about your live and safety, when MBA shuts down and run away with investors funds. |
Joeyburton:And that UK investment firm should also be regulated by the Financial Conduct Authority of UK (FCA). |
mtinfx:Very true. |
ephisi:Then you don't know any thing about forex. Don't you know that that the lower the time frame that you are trading from, the higher the number of market changing conditions you will experience? Don't you know that a trader in a particular higher time frame might be in a trending position in the market, that might last for days like one of your maximum trade time, which is over 9 days, then inside this 9 days, are multiple up and down trends (market changing conditions) that a trader in a small time frame is experiencing, trading and making profit from? We are trying to be lenient with you. We don't like insulting fellow traders, but you have to be careful, before insulting someone than you should have humble yourself to seek advice from on how to improve your trading strategy. |
ephisi:Please can you screenshot where the current floating position statistics is shown in your trading performance statistics from the fxtm, or even from any other PAMM fund manager in fxtm? Open positions are not taken into consideration in that statistics, the reason why we are requesting your independent/third party trading performance track record from www.fxstat.com, www.fxblue.com or www.myfxbook.com. PWC (PricewaterCoopers) only audits the financial books of the broker, as a company. It is left for the in-house programmers of the broker to work on programming, pulling out and publishing the current floating positions of PAMM fund managers for the investors. If we were to invest with a PAMM fund manager, if we can't see the current floating positions or historical floating position's drawdown, we can't invest with such trader, it is like investing blindly, the reason so many investors are blowing their accounts investing in a PAMM managed account, without the aforementioned statistics, that would have paint a clear picture of everything. If as an investor, I still want to take that risk, the broker should have a capital protection feature for the investor to use to protect a percentage of its fund, in case the PAMM manager trades poorly and the investor's equity dropped below the investors unacceptable level, the investors investment account will be disconnected from the PAMM managed account. It is still an issue as we investors will still need the PAMM fund manager's historical/current open and closed drawdowns, in other to use them as the basis, to set our capital protection, of which this is not provided by your broker for its investors, the reason why we humbly request that your furnished the forum with your independent/third party trading performance statistics from www.fxstat.com, www.fxblue.com or www.myfxbook.com (currently not recommended, for currently having problem of pulling out the correct drawdown statistics of traders) You were not looking for investors here. What then could have been the reason for bringing it here. Go back and read your post again. You even dropped your number to be contacted. Furnished the forum with your independent/third party trading performance statistics, and you are likely to get investors from here. |
ifeanyija:If you are setting up your forex fund management company under a government licensed, regulated, monitored and audited broker, you are covered by that broker's regulation |
ephisi:Please tell them. |
lion501:Don't expect a trader/PAMM fund manager to guarantee you a fix return in this business. It is against the law, against government regulatory rules in this profession. Returns/profits depends on market conditions for the month or year. |
IAMTHEHERO:No. We are just doing all we can to enlightened the gullible and naive investors in this forum/thread. We believe those that our informations are meant for have gotten them. |
ephisi:We have seen your trading performance track records from the broker. Fxtm as a broker is not publishing the statistics of open trading positions,. The current floating position statistics is hidden by the broker. Investors needs to know your current floating positions, even if it is shown in percentage, in other to make an informed investment decision. Your closed trading performance statistics shown by the broker can be nice and convincing, but what happens, if your floating positions/equity is at -75% of your balance, and the investors without the knowledge of this, invest blindly and end up loosing their investment, as it has always happen with other PAMM fund manager in any broker that does not show open trading position statistics. Most brokers do not provide the complete trading performance statistics for an investor to make an informed investment decision, the reason why it is necessary to also provide to your potential investors an independent/third party audited and verified trading performance track record, from www.fxstat.com, www.fxblue.com or www.myfxbook.com (currently myfxbook has a problem of not extracting the correct drawdown statistics), which will provide trading performance statistics of both close and most importantly, open positions to your potential investors. We have seen your average trade time in all your listed PAMM accounts. All the average trade time is more than 2 days, which shows that you are a swing trader/position trader, trading at a higher time frame. With such average trade time of more than two days, a three month trading performance track record is not enough for an investor to assess your trading prowess as a trader, as your trading strategy needs to pass through different market changing conditions at the higher time frame chart that you are using to trade. You need up to one year trading performance track record or more, for proper assessment of your trading performance in that higher time frame, as by then, you must have pass through different market cycles/conditions, and if you come out profitably by then, investors can then assess your trading performance track record and make an informed investment decision. If you have another trading performance track record of up to one year, even if it is a demo trading performance track record, using the same trading strategy that you are using in fxtm to run the PAMM accounts, you can let the potential investors/forum members look at it, by posting it, investors can assess it, and might likely come in early to invest with you in your PAMM managed account. Please don't fail to link us to an independent/third party trading performance track record from www.fxstat.com, www.fxblue.com or www.myfxbook.com. If you look at our trading performance statistics, our average trade time is in minutes, showing that we are using an intraday trading strategy, meaning that we are trading in a lower time frame and we close all our trading positions within the day, in fact our highest trading time is not beyond 2hrs. An intraday trader can be assess by the investors using three months or more, as he must have passed through multiple intraday market changing conditions. |
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