Every investor strives for investing his money only in most effective products. However, not all of them may find such products on one’s own, especially when world economy keeps bringing unpleasant surprises in the form of price drop for various assets.
Are there Risk-Free Investments in Risky Business?
Nevertheless, even in the time of economic stagnation there is a possibility to invest in tools, which remain untouched by debt problems of eurozone, troubles of Cyprus , collapse of the shares of large-scale companies, and panic feelings of traders that lead to hysteria and massive devaluation of some products. Moreover, such tools are much more profitable than bank deposits, at the same time bearing minimal risks.
This concerns investing into PAMM account indexes of Forex Trend company. For one year since the first unique tools were launched their investors have in some cases received over 200% per annum! Besides, the risks were minimal, and investors were not obliged to have any special knowledge of the market. The practice has shown that PAMM account indexes are fully-formed investment portfolios, which have brought and keep bringing high and stable income.
The “Market Leader” has on numerous occasions written about PAMM indexes of Forex Trend, thus analyzing its “old-timers” and “youngsters”, as well as various diversifications when means are divided between several indexes, which include both of the above-mentioned groups.
Investors’ Expectations from Managers of PAMM Accounts
During the recent online-conference held by Forex Trend listeners have also highlighted all the abovementioned features of these unique tools (“Know-How from Forex Trend: Surprises of New Online Conference”). At the same time, many investors have expressed a desire to have closer communication with managers. This is clear, for the person invests personal savings. In this reference one detail is to be mentioned: the company’s TOP managers, such as Veronika Tarasova, Pavel Svantsev, Andrei Kolos, and some others, are rather open to the wide range of interested parties; articles have been published about them, thus being widely-known. On the other hand, other managers are reluctant to contact investors, which is not ok with the latter.
The “Market Leader”, which has previously informed about some successful managers of Forex Trend company, accounts of which are included in various PAMM indexes and constantly bring lion’s share of income, continues the series of such materials. In such a way we are trying to make traders’ “personalities” more open, at the same time maintaining managers’ interests. In fact, one of the reasons why many successful traders prefer staying “in the shadow” is the fact that public communication is often accompanied by flood, trolling, and sometimes rumors not only about professional activity, but personal life too.
This time we have contacted one of the most perspective managers of Forex Trend trader Votfx, winner of the first contest “Million for Skillful”, who has received 200 000 dollars from the broker for the third place and by today has increased his deposit to almost 1 900 000 dollars! Moreover, his account 520050 in Prize index, which has been specially formed from accounts of the contest winners, is the only one, which has not been characterized by negative monthly balance since the start of trade!
Winner’s Story
As told by managing trader Votfx in his interview to the “Market Leader”, his acquaintance with forex market started four year ago in educational center of one of the large-scale broker companies.
− Flying on the wings of promised perspectives of quick and seemingly easy profit, after only a month of not very thoughtful trade on a demo account I have brought in my first deposit.
“Market Leader”: And what has happened to it? Don’t say…a loss?
Votfx: Unfortunately, or maybe fortunately, for mistakes also give us experience. I want to say that, although it was not big money, at that time it was a considerable sum for me. Loss of my first deposit made me revise my views on trade and show more fundamental approach to choosing tools, as well as analysis of main driving factors of currency pairs.
“Market Leader”: You have probably refused from many tools?
Votfx: By trial-and-error method I have eliminated the overwhelming majority of oscillators and indicators, candlestick analysis, and other chiromancy, as well as guess-work.
“Market Leader”: What was left?
Votfx: First of all, I have defined the most favourable trading tool for myself. This is gold.
“Market Leader”: Why gold, this is a rather expensive tool?
Votfx: Yes, at first site, a lot of gold seems rather expensive, with high tax requirements. However, in fact this tool is a contract for price differential, the basic asset of which is mineral raw material, resources of which are ending. Such asset cannot become very cheap, and its long-term dynamics will always be rising. I successfully use this feature in my long-term strategies. Its high price may be leveled by enough means on one’s balance and strict risk management, which, unfortunately had to be slightly neglected due to aggressive trade of rivals in the contest “Million for Skillful”, where I tried hand at being a manager. And have no regrets.
“Market Leader”: Is gold your only asset or are there any other trading tools?
Votfx: I sometimes work with silver. These tools have a lot in common.
“Market Leader”: Which technical arsenal does the winner of “Million for Skillful” prefer?
Votfx: I use fundamental and graphic analysis (trend lines, channels, main figures, Andrews pitchfork, Fibonacci lines) for mid-term trade. I try to avoid getting into locks and averaging loss-making positions. I prefer buying from low levels. In general, nothing intricate, just the necessary.
“Market Leader”: We have touched the topic of “Million for Skillful” contest, where you have become a winner. Is it easy for a recent contestant to work on real accounts and with real sums?
Votfx: I would like to remind that this contest was also held on real accounts and with real sums, which made up its main idea – to reveal the manager that is ready to work with real money. Before participation in the contest I have already has a considerable experience of working with real means. Therefore, if some think of me as a beginner among traders – I would like to dispel such opinion…
“Market Leader”: Why have you decided to partake in “Million for Skillful” contest?
Votfx: By that time I was rather self-confident and have already accumulated the necessary risk capital for participation, but additional investments would not be unnecessary. So, I decided to fight for them.
“Market Leader”: How often have you partaken in similar contests? Are you planningto compete in future?
Votfx: In the early days of my acquaintance with currency market I have partaken in several contests on demo accounts, but I have soon outgrown this amusement, for prizes were rather minor and not interesting. From the point of view of experience, this was meaningless. A contest with real money and minimal deposit of 10 000 dollars seemed unique and interesting, for this was the contest of real trading strategies, for which contestants were ready to bear responsibility with their own means. I have never seen similar contests. Speaking about plans, I currently have a considerable sum for management, and I am not interested in contests so far.
“Market Leader”: You currently manage the sum of over 1 800 000 dollars. Many may only dream of such trading capital. Aren’t you afraid?
Votfx: Frankly speaking, I am not dreaming of astronomic sums of money for management. It is another pair of shoes to have them on a bank account, as these are two things. As a trader, I am more interested not in the size of the deposit, not even the size of income, but in the number of earned points, which prove that my trading decisions are correct. Speaking about fear, this notion, just as greed, is to be left beyond the framework of trade. For it is rather evident that one should not let emotions interfere with formation and implementation of a trading plan. Practice shows that not everyone can do so. I have also made similar mistakes, and this experience has not gone in vain. I don’t know what will happen further, but I do not feel any pressure so far.
“Market Leader”: You are currently managing over an account, which is a part of the “contest” PAMM index – Prize. For the period of 4 months you have demonstrated 100% earning capacity, and your expected earning capacity is over 300%! Please, tell us how do you manage to reach such impressive results?
Votfx: First of all, I try to fully eliminate fuss and impulsivity from my work. In short-term perspective the matter is not about any fundamental predictions, but about feeling of the market and the asset at a certain point. In my opinion, the guaranty of stability is provided by the understanding of a general news background and use of several well-tried technical tools.
“Market Leader”: In May you have shown the smallest, in comparison to other months, result on your account 520050, although 14.69% is a dream of many other managers. What, do you think, is it connected with?
Votfx: One of the reasons seems to be the fact that lot capacity of some contracts that I used fell slightly behind the growth of a trading deposit. On the other hand, no matter how stable a trading system seems to be, anything may happen at the market, and one should always remember this. Therefore, certain fluctuation does not bother me.
“Market Leader”: By trading millions of investors’ capitals you seem to bear higher responsibility. Do you prefer using conservative strategy because of this? Or don’t you distance yourself from aggressive methods?
Votfx: The main idea of short- and mid-term trade already is aggressive. At the same time, strict risk management and absence of thoughtless trading decisions is equally important for trading investor’s capital and your own one. I do not see particular difference about this.
“Market Leader”: Please describe features of Prize index from the point of view of a manager?
Votfx: As a manager, I am not particularly interested in features of indexes, investors are more likely to be aware of all nuances. The important thing for myself is the fact that participation in an index is a proof of my PAMM account and certain trust to it.
“Market Leader”: How do you find work in Prize index, which includes accounts of your rivals by the contest?
Votfx: For a manager of an account included in an index stable trade of all its constituents is of great importance, for this helps to avoid rapid change of investor’s capital in case a position is closed. In this reference, former rivals have become allies.
“Market Leader”: Do you plan to partake in other PAMM indexes of Forex Trend in future?
Votfx: At this point I am satisfied with the Prize index, and this is enough. Time will show what happens further.
“Market Leader”: Are your investors satisfied with your trade? And how many people, if this is not a secret, invest in your trade?
Votfx: Judging by messages at a forum the majority is satisfied. I pay no attention to the number of investors at my PAMM. As a manager, I am interested in the sum for management, but not the number of people that have invested their means into my trade.
“Market Leader”: During a recent Internet-conference of Forex Trend many investors were paying attention to the fact of poor communication with managers. Howdo you deal with this?
Votfx: It is hard, and probably unnecessary, to make a manager communicate via a forum or any other means. Everyone is to make one’s own decision in this reference. Some like public attention and new acquaintances, others don’t. Some find it necessary to explain the reasons of their losses to investors and apologize to them, others find it unnecessary, for every investor is to understand and accept the risks of losing his means, just like the manager.
“Market Leader”: What are your recommendations to beginners, who strive for becoming a successful manager, like you, by working with investors’ high capitals?
Votfx: The main point is to remember about practice with, let it be with small, but real money. Within time, it will give the necessary “feeling of the market” to every trader. One would then have to develop it and keep aside from emotions.
