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    Default Starting with forex

    I want to start trading with forex but i do not want to do it manually , i heard there are many platforms available online that offers the ability to follow other pro traders and copy their trades automatically to your account. What do you know about this?
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  2. #2
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    Default Re: Starting with forex

    I am not familiar with any copy trader. If you do not want manual trading then automated trading would be good choice for you.

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    Default Re: Starting with forex

    If you want to trade, learn to trade, if you want others to trade for you its a whole other story
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    Default Re: Starting with forex

    I guess another option is pamm accounts, invest and wait for you profit monthly but its still depends on the broker and account manager

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    Hindsight Hero! DickP's Avatar
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    Default Re: Starting with forex

    Quote Originally Posted by noynoy View Post
    I guess another option is pamm accounts, invest and wait for you profit monthly but its still depends on the broker and account manager
    And thats a big depends...

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    Default Re: Starting with forex

    If you want to start following and copying trades from other professional traders then i strongly suggest for you to look up zulutrade , their service is exactly as i describe and its free. If you are interested you could open a demo account with them and start trading with virtual money for a start. Its very easy.

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    Hindsight Hero! DickP's Avatar
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    Default Re: Starting with forex

    Quote Originally Posted by Kamal78 View Post
    If you want to start following and copying trades from other professional traders then i strongly suggest for you to look up zulutrade , their service is exactly as i describe and its free. If you are interested you could open a demo account with them and start trading with virtual money for a start. Its very easy.
    Yea even though thats alot of work within itself to find out which signal providers are the "right" ones.

    Forex takes work, due diligence and study no matter what way you approach it. Just my humble opinion.



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    Default Re: Starting with forex

    This zulutrade service is looking interesting indeed. I will have a look there. Have anyone else tried their service?

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    Default Re: Starting with forex

    after my first post here, it made me think really, its like something that did not let me sleep at night LOL! but yeah I looked in too pamm account, which I know almost nothing about, and asked some friend and we decided to make a joint account under hotforex (I not saying you should do to) but come to think of it a 2-10% profit each month is not bad for a long run and we made a joint account to see how it goes more like an experiment. ang best of luck to all of us though i don't like the idea of joint account but since its under my name so its all good hahah but seriously I really think pamm accounts can be a good investment if everything goes good.. will look in to zulu pamm if it shows good number I might also try it

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    Default Re: Starting with forex

    Quote Originally Posted by noynoy View Post
    after my first post here, it made me think really, its like something that did not let me sleep at night LOL! but yeah I looked in too pamm account, which I know almost nothing about, and asked some friend and we decided to make a joint account under hotforex (I not saying you should do to) but come to think of it a 2-10% profit each month is not bad for a long run and we made a joint account to see how it goes more like an experiment. ang best of luck to all of us though i don't like the idea of joint account but since its under my name so its all good hahah but seriously I really think pamm accounts can be a good investment if everything goes good.. will look in to zulu pamm if it shows good number I might also try it
    Do these pamm accounts offer stats about the traders that do the trading for your account? Zulutrade offers a very deep history analysis and many statistics for every provider as i see in the demo account.

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    Default Re: Starting with forex

    Quote Originally Posted by noynoy View Post
    after my first post here, it made me think really, its like something that did not let me sleep at night LOL! but yeah I looked in too pamm account, which I know almost nothing about, and asked some friend and we decided to make a joint account under hotforex (I not saying you should do to) but come to think of it a 2-10% profit each month is not bad for a long run and we made a joint account to see how it goes more like an experiment. ang best of luck to all of us though i don't like the idea of joint account but since its under my name so its all good hahah but seriously I really think pamm accounts can be a good investment if everything goes good.. will look in to zulu pamm if it shows good number I might also try it
    am you can take a look at this i hope it can answer your question, but keep in mind what might work for me might not work for you I just like how stable the account is since september I think you can check it out

    http://pamm.hotforex.com/managerdeta...267&usermode=0

    There other accounts that are like a soure eye to look at, i hope things work well

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    Default Re: Starting with forex

    Quote Originally Posted by noynoy View Post
    am you can take a look at this i hope it can answer your question, but keep in mind what might work for me might not work for you I just like how stable the account is since september I think you can check it out

    http://pamm.hotforex.com/managerdeta...267&usermode=0

    There other accounts that are like a soure eye to look at, i hope things work well
    What are the fees that you pay for this kind of service? Is this hostforex a site that holds strategy providers?

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    Default Re: Starting with forex

    the fees are a percentage of the profit, I do not know much about pamm accounts, and the fees depends on the pamm account manager but I do keep my live account and trade it while the pamm is like for a long term investment! the stats are ok and they seem to have a good risk management

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    Default Re: Starting with forex

    Quote Originally Posted by DickP View Post
    Yea even though thats alot of work within itself to find out which signal providers are the "right" ones.

    Forex takes work, due diligence and study no matter what way you approach it. Just my humble opinion.
    You are right , it takes some time to figure out which providers will make profit for you , some users hammer zulu for hosting bad providers , there are thousands of them in zulu , they just cant be all bad.

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    Default Re: Starting with forex

    It's an interesting topic, and I' considering this before.
    actually we are learning how to make our own trading system well, however, there is no tool out there working well for all the currency pair at different time. manual intervention and adjustments constantly needed to adpat the situation.

    I know some about PAMM account too. this is designed for those who have not enough time and skills and willing to trust experienced traders to manage the fund. normally you can safely get a steady return. in this way, your investment will grow and avoid the high risk by your own trading.

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    Default Re: Starting with forex

    Quote Originally Posted by fischer View Post
    I want to start trading with forex but i do not want to do it manually , i heard there are many platforms available online that offers the ability to follow other pro traders and copy their trades automatically to your account. What do you know about this?
    well I'd advise you to check out zulutrade ..there are lots of profitable signals you can follow.

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    Default Re: Starting with forex

    hi yes there is but u should begain with demo account to learn more thenu can join FXVV- NO DEPOSIT BONUS $40 for all new traders

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    Default Re: Starting with forex

    basically if you want to save your time, entrust somebody else to manage your fund is really not a bad idea.
    One of my good friend told that he had lost almost 8,000 dollars just following signals by others.

  19. #19
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    Default Re: Starting with forex

    Quote Originally Posted by taohai View Post
    basically if you want to save your time, entrust somebody else to manage your fund is really not a bad idea.
    One of my good friend told that he had lost almost 8,000 dollars just following signals by others.
    Your friend was risking too much if he had lost such a big amount. Where did he followed his signals?

  20. #20
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    Default Re: Starting with forex

    For sure smwhere else than zulutrade..

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