How to Select e Forex Trader to Manage Your Funds?

Most likely, this article will cause some genuine interest in others outrage. For nothing it is unlikely for e Forex trader or investor who knows all the ins and outs.

LA, CA (prHWY.com) March 24, 2013 - First, consider some issues that have long been known.
1. Sometimes we have to ask oneself the question, and perhaps many e Forex investors will ask the right question: "Why successful e Forex traders are looking for investors, they do not have enough money?" Forex forums, usually it sounds a bit differently: "If you are a successful trader, why are you under bondage investor, because you are so independent?"
Such issues usually lead to various conjectures:

* That it's not what time it is looking for investors and, in terms of statement one wants to believe that you have to work with larger stores and more productively. This trader is dangerous even at 50%, because a good speculator is not looking for an investor, the investors themselves, find it;
* Most likely statement - tip of an iceberg, you can fall into the trap of psychology or depending on the result of the trader, who know only one statement.

2. What criteria can be taken into account when choosing e Forex trader?
* To trust one statement or a rule can be very dangerous;
* Not knowing the man and his psychology, entrust the management of capital in the "maybe" fraught with loss of deposit;
* Sometimes you have to listen to intuition, especially if she says no.

3. Just a few conclusions based on years of investment experience. I note that they are not always clear to novice investors:
* The best result will give the trader's learning from scratch for the program that he developed;
* An investor who came from trading, better investor who was involved in real estate;
* Among the 10 newcomers to the implications 3 will become the best students here with them and to work;
* Progressively increase financial investment in a deposit for a trader, because the training and practice, building trades experience - it's hard work not only to traders but also the investor;
* In conversation, testing, discussion should take into account only those parameters that have priority. Write down the main points in the investment that you are important in the future trader managers;
* Make a general portrait of the trader as a person who best fits your understanding of the manager.

4. Here you find a potential e Forex manager - experienced trader to manage your capital. Let's see, what questions one should ask while choosing forex trader, and what is not?

One is allowed to ask:
* Ask a future manager to tell a little about yourself, but do not go;
* How e Forex trader knows about this market trading principles - did he/she self study, or by means of teachers;
* What deductible operates a trader?
* What is a trader's experience in bidding and on what accounts?
* With what brokers this trader works?
* What is the average rate of return, it shows throughout the month of the year;
* Does he/she use a demo-account;
* How much a trader would make, in principle, as a percentage;
* What form of cooperation is more appropriate;
* What to do when day trading is successful, and when - no;
* Do it with the complete loss of deposit;
* Which happen more often working errors: the conscious, not conscious, controlled by the situation;
* Whether the trader understands the difference in terms of "earning" and "make money";
* Are there any bad habits;
* What is the marital status of a trader?
You cannot ask:
* About working with other investors;
* Require your future manager's account statistics - best interest to traders so that it showed you the results on their own;
* Asking about the financial condition and about where he wants to spend the money earned;
* Refers to e Forex trader as a machine control parts of their finances.

How to Become a Forex Expert: Educate Yourself

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Tag Words: forex broker

Categories: Finance

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