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Charttrader

Members
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    2
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Personal Information

  • First Name
    TradersLaboratory.com
  • Last Name
    User
  • City
    Auckland
  • Country
    New Zealand
  • Gender
    Male

Trading Information

  • Vendor
    No
  1. I trade successfully myself without the need to market for clients - I spent three years developing a unique model that signals predictive entry and exit. Prior to that I used to have clients under a service company generating approx $30m per year. I can offer you guidance therefore from experience. Dont do it! Your knowledge appears far too limited to deal with clients. The securities and financial services rules and regulations ensure that you will eventually be held to account - as soon as one client losses, or decides to falsely claim fraud (even if there is none), your life will turn to hell. Clients are nice when you make money, but as soon as you lose, and thats a certainty, then they turn on you like dogs on a bone. Best thing would be to set up a hedge fund. You are going to need $200k min just to cover that cost and the legals. Human nature is weird. You can make clients 1000% one year, and they want it the next despite the market having gone quiet. They become dissatisfied. You lose, they become even worse. You earn them little, they want more. You earn them more, they want to know more. Its a wicked game not worth wasting your life on. Trade for yourself and be your own boss.:crap:
  2. Trade FX only. Trade one market only and watch for known set ups. Trade small. Trade short term. Cut losses and have an exit plan before placing the order. Trade your plan and plan your trade. Most of all be patient. One or two good trades will build the account or you must take small bites of the apple. Trade the condition of the road. If its wet, dont drive or speed. If its a straight road and you can see the end in the distance, trade it. Trade any other way, other than the analogy of driving a car, and you will lose the lot.
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