Email: tradingninsurance@gmail.com | Trading n Insurance
How to find a profitable trader & invest money correctly
There is one simple rule - beginners rarely get lucky in forex. An untrained person who has no experience is unlikely to make a profit in the first couple. They are the ones who merge the first money, and an erroneous opinion is born in their heads - Forex does not bring profit. Instead of additional learning, they try to convince others that this business is not worth wasting time and money. This article is dedicated solely to those who believe in success, and wants to reach the heights at the site of the forex market.
We will talk about how to invest money in PAMM (percentage allocation money management) accounts and not incur losses. After all, if you cannot trade profitably, you can easily become an investor and invest in other traders. It is much more profitable, since you do not take part in the trade, and get passive profits. You have full access to the trading information of the trader (deals, and their volumes), and therefore you have the right to choose only the best. Below are a few recommendations that will help you make the right choice.
The very first advice when choosing a trader is to look at the age of his account. It is recommended to work with those who exist on the market for six months. The longer a trader works, the more stable his trading is. You are looking for stability, so you should not chase the super profits.
The yield should not exceed 50% per month. Remember that the higher the percentage, the greater the risk. After all, a trader makes risky bets to get super-profits, and this is fraught with a deposit drain.
It is also worth noting that you should have more than one investment account. This means that you have to distribute the risks by choosing several traders. Thus, you minimize losses if one of them turns out to be unprofitable.
Also, your choice should be made based on the maximum draw-down. Of course, there is no such trader who does not make mistakes, but these mistakes should pay back your investments.
Email: tradingninsurance@gmail.com | Trading n Insurance
How to find a profitable trader & invest money correctly
