COACHING


3 WAYS TO IDENTIFY GENUINE


FOREX A TRADER


FX


If you have been involved with Forex trading for a significant period of time you have probably at least toyed with the idea of having your trading account managed by a professional trader.


The benefits of this are obvious and include the ability to watch your money grow passively in a relatively short space of time, something that appeals to most investors.


This article is designed to offer some guidelines to investors looking to locate and invest into a money manager, and will hopefully at least protect against unscrupulous traders looking to exploit the uneducated.


Minimum Investment


If the trader is accepting very low investments then there is a very strong possibility that they will be taking larger than acceptable risks in order to increase the cash value of the


accounts in a short period of time. Tese types


of traders should be


avoided as they pose a high risk of wiping accounts out when suffering a draw down. A genuine, professional trader will


aim to achieve consistent returns over the long term and thus will only accept large amounts of capital to trade.


A typical minimum investment is $50’000 +.


FX TRADER MAGAZINE April - June 2012 81


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