FX COACHING
Trading Broker
The broker will tell you a lot about how the trader operates and whether
they truly are a
professiona l or simply leading you on.
The broker they use should be regulated in a
major jurisdiction and
offer a re cognized facilit y for manag ing all of the adminis tration related to a manag ed accounts offering . This includes calculat ing a ll of the performance fees and handl ing the ag re ement s
82 FX TRADER MAGAZINE April - June 2012 Performance verification
Unfor tunately it is relatively easy
for an unscrupulous
individual to manipulate trading account statement s or simply lie about how profitable they really are.
Having audited resul t s are
a huge indication of the credibil ity of the trader and their performance re cord.
betwe en
yourself
and
the
trader whilst execut ing those ag re ements every month automatica l ly.
If it can be externa lly verified and proven by an independent thi rd par ty then the resul t s are so much more reliable and traders that go to this extra effort are rare, but finding them is definitely wor thwhile.
There are many ways to determine a good trader but these
are among the top 3
elements to look for, and having these will ensure that you have the best chance possible of making a heal thy return on your account.
Jarratt Davis
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