Can a trend exist without retracements and flat markets? No, it cannot. That’s obvious to any FX trader who have been trading currencies for a while. The same holds true for managing traders. No trader can win 100% of the time, sometimes drawdowns happens, and this is an inseparable part of any trading. If that’s obvious, why are more and more investors criticizing PrivateFX’s PAMM?
Myths about trading without losses.
I bet a thousand that you won’t find a trader or investor who has never lost a trade or investment. That’s just impossible to be right 100% of the time when trading financial markets or investing in them. If such traders and investors existed, there would be financial markets at all since those traders would have earned all the money in the world. That’s why we decided to tell you about the most widespread myths about financial markets:
Myth 1. Pro traders never lose. They always get a winner, whether it’s a trending or flat market, irrespective of the current market situation. This is one of the biggest and most widespread delusions rookie investors believe in. They think that managing traders are some kind of robots generating profits for their investors round the clock and never losing even a single trade.
Myth 2. Drawdown means losing the entire capital. This is another major delusion, which shows that people don’t understand what financial markets really are.When a certain managing traders sees a bad week or month and closes it with a certain drawdown, he gets tons of criticism coming from the investors. Some of them get disappointed and start calling those traders and the entire FX market a big scam. They are just impatient and full of delusions, dreaming of millions of dollars and wanting to get profits 1005 of the time. However, when the trader recovers from the drawdown and starts generating profits, such investors usually change their mind and start showing respect to the trader. Only some of them start realizing the fact that temporary drawdowns is an inseparable part of the overall success in trading financial markets. Yet, this understanding come over time.
More often than not, investors are having a hard time understanding that managing traders are human beings with their own drawbacks, not some moneymaking machines. The bottom line is that if you are working with an honest and experienced trader operating through a reliable broker, all those drawdowns are temporary and will be followed by profits.
PrivateFX: Drawdowns – Good or Evil?
It’s always strange to see honest and professional managing traders getting reprimanded by their investors instantly after they have made a temporary drawdown. Those investors start getting suspicious, incompetent, amateurish and so on. The same holds true for the broker and the marketplace. For some reason such investors start forgetting the fact that they got paid handsomely over the past months, the broker gave them loyalty bonuses. At that time, they weren’t so bad at all.
Now we are talking about PrivateFX, one of the top-ranking FX brokers, according to Masterforex-V Academy. Shortly after the first instance of drawdowns made by PrivateFX’s managing traders, the internet was flooded with a wave of criticism coming towards those guys that manage investor funds. Those were really amateurish comments without any real arguments and facts, which is why those comments looked ridiculous in the eyes of professional investors, traders, and financial experts.
When those critics were asked why they kept silent and said nothing when the company was loyal towards them and compensating their losses with another broker according to the 1 + 1 loyalty program, or when they kept on getting nice profits over the past couple of months, they kept silent and responded nothing since the had nothing to say.
Indeed, PrivateFX makes it possible to recover client losses made with another broker and withdraw the funds, not to mention innovative solutions like Active Investor, generating profits on a regular basis.
Anyway, we are not going to dive deeper into all the advantages and benefits offered by PrivateFX since Market Leader previously wrote about it for a number of times. Instead, let’s go ahead and focus on the problem created by those who are far from understanding who things really work in the world of financial markets. Also, those could have been complaints sponsored by the company’s rivals, who don’t want people to see that with PrivateFX you can really make money trading financial markets or investing in those who can do it professionally. We are talking about stable PAMM accounts, PAMM indexes, and Active Investor account. Those guys do not lose investor money, they multiply it.
Profitability of PrivateFX’s Best Investment Products
You can get acquainted with the trading results of the company’s major products and make your own decision.
Top PAMM Accounts
As you can see, only 2 PAMM accounts are in the red zone: mikhas (- 54 327,92) and AndroidFX (- 13,04).
Active Investor accounts
As you can see, only 1 account is in the red zone: Narodny with -34 599,16.
PAMM Indexes:
The TOP 5 indexes are all in the green zone and enjoying profits of some kind. At the same time, Masterforex-V Academy investors and other independent experts say that when the PrivateFX was just starting out, nobody really believed that the company would cover trader losses occurred with another broker according to the 1+1 loyalty program. The thing is that PrivateFX promised to give each trader who lost the money with another broker 100% on top of the initial deposit.
Still, the broker has been good at fulfilling its promises. Most people thought that those promises would come with some withdrawal restrictions, that was not the case. Despite the pessimism, PrivateFX proved that it’s an honest FX broker. There are dozens of people who have already withdrawn the funds without any problems.
Experts on PrivateFX Traders’ Drawdowns
As for the temporary drawdowns made by some of the managing traders last month, we have already figured out that no trader can do without drawdowns from time to time.
Experts say that you can even benefit from those drawdowns by investing exactly after the drawdown has occurred. At the same time, none of the managing traders has seen a 50% drawdown or more. Drawdowns are limited to 50%, which means that the company is not interested in making investors lose their capital.
Over the last year of trading, the managing traders has been good at coping with various market situations, including market shock like volatile markets, oil price crash, Brexit referendum, U.S. presidential election, and so much more.
Experts draw your attention to the following traders:
– Аdvanced (account 2275), conservative trading, one negative trading week
– Rush (account 2232), conservative trading, minimal risk
– Patrik (account 2526), moderate aggressive, wise risk management
– EvgenyChaev (account 5130), stable trading performance, ability to withstand challenges
– Bokser_boss (account 6031) – one of the best, conservative trading with relatively high profitability
– Кuroles (account 509) – the leader in terms of the money pool managed (over 1,2 million dollars), which is quite normal given the quality of trading and risk management
– VotFXreal (account 2361) – stable and promising
As for Paramon, who used to be among the top-ranking traders, he is now seeing temporary problems but still has all chances to recover and make decent profits. He needs some time to adapt his strategy to the changing market conditions. Experts say that if the guy shows positive trading performance over the next 2 weeks, this will be a good sign to invest in Paramon again.
