Originally Posted by ElectricSavant

It's got nothing to do with your speed....Lower your expectations...100% would make your return to be the greatest return in the industry if it could be maintained for 5 or 10 years...

to put it bluntly....100% is not realistic...look for a slow steady growth and track records that are not hypothetical and derived from real trading. Anything that yields over 25% a year & intraday drawdown not to exceed 15% is phenomenal and rather hard to achieve. Start out with no more than 15% of your net worth to speculate with and that should be about 100k or more per manager to make you an accredited investor and stay diversified if you can find a good fund that will allow you to start small like that.

As your funds grow, you will find your day's consumed with finding places to put your money and to save your time.

You should learn how to trade yourself and be successful then you will know what it takes to find good managers and to stay diversified.

Remember its just not to find some talented Russian..Czeck...Hungarian..Italian..Portugese. Chinese... Japanese etc... programmer to manage your money for a few years...this is not where it is at...you need to think and plan and be in this for the long term. AND YOU NEED TO UNDERSTAND WHAT THE MANAGER IS TRADING...HOW HE IS TRADING...AND HIS RISK TOLERANCE. YOU SHOULD BE ABLE TO TRADE HIS METHOD YOURSELF AND HAVE TESTED IT THOUGHOUGHLY. YOU USE A MANGER TO SAVE YOU TIME AND TO SQUEEZE OUT THE PERFORMANCE FROM THE METHOD AS HE CAN DO IT THE BEST AND BETTER THAN YOU.

There is a lot of money out there for managers to get to trade...do you think that the ones with the money come to Forextsd...?

W4...you are just looking in front of your nose and your problems will not magically disappear when you get a manager. You have been hopping around from forum to forum...system to system....etc...looking for what?...you probably do not even know yourself...with no focus as everyone does....2 or 3 months in one thing is an eternity for you...

Folks, I know I am being hard on him...but perhaps that is what it will take.

ES

P.S. Demand that your manager (s) be NFA registered and CFTC licensced and provides you with disclosure doc's...this will cut out 75% of the managers and riff-raff out there and save you hundreds of hours...

P.P.S. Now how many people will thank me for this post?...I bet I get flamed by the defensive ones, where some of you know that I am right...I am a successful trader and investor and I have been doing this a long time. Survival is paramount and skimming a little profit and spending it, while you are surviving is where it is at. Your day's to FIRST LOOK AT RISK then yield will begin, if you listen to this post. Remember to always reinvest only half of the profits back into your manager (s) and reallocate annually with all of your managers. Cut out the ones that do not fit your DEFINED risk tolerance and search for replacements that do (this will become a full time job for you hopefully as you will have a lot of managers and a lot of money ). It is a high risk when taking on a new manager in your portfolio and always use the smallest seed money he will allow and then build up slowly so that he may see growth...managers thrive on that. When you get good at this and understand what you are doing...then you can start to take risks on managers that are "up-and-comers"...but you first must understand the risk that you are taking on those new managers coming into the industry...especially with the unregulated circus of Global Retail Forex.

P.P.S. One last thing...remember building is fun and working with the numbers is fun...but spend some money along the way....the only real profit is the money you have SPENT and makes those numbers real (I just got me my dream car...a Hummer H2!...next thing...I gotta find me a neighborhood and a Garage appropriate to park it in...lol...I have no class.).

Originally Posted by w4rn1ng

Hi, i don't understand where you want to go, i mean, what is the point?
I'm just asking if somebody can help me founding a good manager / company that can let my money run for a 5-10% monthly profit, i trade from 2 years in forex market, but i'm not soo good and i've no time because of my job, so i'm thinking about let some other people (qualified and serious people) trade with my money, and let me earn some money with them, what exactly is wrong? let me know

Originally Posted by ElectricSavant

5-10% monthly commands larger DD's...LOWER YOUR EXPECTATIONS AND SEEK AFTER SOMETHING MORE REASONABLE. there is much to learn about living with your decisions and living with the trade. If you lose all of your money then you cannot trade. 5k and 10k accounts really is not interesting for managers...I mean good managers...

Trade at your owm risk...I spent a long time with my post that you replied to and if you do not understand, I really regret that. I cannot make it any clearer...I just do not have the writing skills I guess or the audience reading might not have english as their first language..

I do not mean to offend or tell you something that you do not want to hear...but if I did, I hope I helped...You will do what you want to do and I am only an anonymous character on an internet board. I suggest you seek professional finanancial advice from someone licensed to do so...

ES

Originally Posted by ElectricSavant

I generally do not like to recommend someone..but I have 10K here (see link below) and I have no idea how it will turn out..I may lose all of my 10K...(I have other investments but I am not comfortable to share them)

You will need to read this entire thread (forextsd thread) in the link below and become familiar with what you are doing...when you can trade the C4 yourself...then and only then consider delagating the responsibility...You need to understand what you are trading FIRST and foremost...then let a manager trade it...

Take responsibilty for your actions and investments...there are not any get rich quick schemes in trading and if there are you usually end up giving it back.

ES


EA generating 1-2%/per day

Originally Posted by w4rn1ng

Hey thank you for the great link, i will give it a look, is correlated with gofxpro.com? (i already visited that website, and it looked interesting to me, but they just havn't answered yet to my email, anyway it's ok)

Don't worry i know about responsability and about the holy grail, you know i trade from more then 2 years (and i know that there are not soo much! but i spent a lot of money, and learned a lot of little things during my trading..) i know that there is no quick schemese to get rich quick and other things like this, i just don't want to let 10k become 100k in 1 year, what i want is to let it give a little profit everymonth, that is not soo much, but we just start from low.. to arrive at high!
Anyway, tnx for the link

Originally Posted by ElectricSavant

w4,

I am playing with an EA that does not require much time...

It is still in testing...but you might want to follow along here:

Need Help To Edit This Great EA

It is not my EA..I just introduced three more pair to it and a way to measure range and volatility to change 5 input settings, once each 24 hours for the 01:00 EST time trades.

Do not give up trading...just spread yourself out a little bit with managers and your own stuff...

Also check this site out....

Fx-Auto – 24 Hour Automated Currency Trading Platform - HOME

ES