"This is a system that you will tell your family and friends about all you need to do is deposit $100 dollars and then watch your account grow. Here's what you'll need to do first get a 400-1 margin account with FXCM and then deposit only $100 dollars tell others about this fantastic investment. Show your family and friends how you turned just $100 dollars into 100's of dollars now go spread the good news."
It has a nice tempting pitch but miracle no more..
Even though this system had a good winning record at the start, the winning eventually came to a halt, as it overtraded at one point with no risk control.
But I do really like this kind of concept - having a good system to yield subsidiary trading income and also having someone reliable to trade for you. I am currently experimenting my trade management skills with these almost 100% systems. Since it is a small fund, I am looking at controlling the number of trades being opened at one time and the size of drawdown allowed at each time.
Zulutrade allows you to test your trade management skills with a $50,000 maxi demo account and the minimum open lot size will be 1. I would suggest taking the demo tests seriously by assigning each demo account to one signal provider and imagine you start with only $1000 - $2000. This will be equivalent to $100 - $200 in a mini account. The objective is not blowing up the start-up fund at any point. My challenge will start May 1 and I will show my results by the end of May.
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