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Self-Directed FOREX Become your own fund manager with a new solution to solve your technical issues, and add a new dimension to your trading. It's the way successful traders do it, it's the way professional traders do it, it's the way fund managers do it, it's the only way we personally do it, and it's the way you should do it.
Margin: Margin is 100:1 What Do Other I just got stopped out at FXDD, and IBFX, but hit target with you. I'm sold. Thanks so much. |
SELF-DIRECTED FOREX Become Your Own Fund Manager A solution for our members to solve their technical issues, as well as adding a new dimension to their trading. Over the last year of trading, as traders ourselves we have a unique perspective on other traders. We get to see from the inside who was making money and who was blowing out. Here are the simple facts on what we found: 1. Successful traders utilized money management, and portfolio management. 2. ALL the traders who failed used NO money management and NO portfolio management. Period. NONE at all. What do these things mean? There are lots of complicated explanations, but here is the simple version: Traders who did well used multiple strategies together. Five or six different EA's (portfolio management), and spread their risk among the different strategies (money management) so no single trade, or single EA could blow them out. So we decided to make these two basic concepts available to all our members. Here's what this means to you: You will be able to trade multiple EA's and strategies all at the same time. We'll take care of all the technical stuff. We'll host the EA's on our own dedicated servers, so you don't have to worry about it. All you have to do is manage your portfolio. What this means is that from week to week, your job is to check the progress of each of your EA's in your portfolio. If one starts to look bad, pause it until it starts to look better. If another EA begins to look good, add it to your portfolio. This is how professional traders do it, and this is how successful fund managers do it. This is the proper way to do it, and this is the way successful traders do it. This is the way all of us who started TheCollectiveFX do it. It's the ONLY way we would do it. So we are going through the trouble to make it available to our members. As A Member, How Do I Do It? The simplest way we could figure out how to do it, and to comply with the licensing of the individual EA sellers is to utilize our Multi-Account-Manager (MAM) system. The MAM is the same system our professional money managers use to manage their clients. For each EA you want to include in your portfolio, we set up a subaccount for you which is connected to the EA's Manager Account. As the EA trades into the Manager Account, the MAM allocates trades in your subaccount. You get an account login and password for your subaccount (Investor Account) so you can watch all the trades and track your account progress. If you have 10 EA's in your portfolio, then you will have 10 subaccounts. This is what makes up your portfolio. This way you can keep everything straight. We at TheCollectiveFX didn't really want to undertake this level of administrative load to set all this up, but frankly, this is the single most effective thing we could do to help our members. There was no way around it. How Much Will It Cost To manage all the servers and administration costs involved with this, your MAM account trades will be charged an additional 1/4 pip (0.25) per side. Trades that you place in your own discretionary account won't be charged any commissions. What's Available To Us Members? There will initially be 10 options for you to choose from, and more as we have time to put them online. You should look through your choices and decide which to add to your portfolio. Use the menu at the top of this page to see the current choices available. Prepare for the revolution with Forex 2.0 and Concierge Trading which are coming soon. |
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