The ideal investor – who is he? The interview with a successful trader.
Today our guest is Alexander Toporishchev from Arkhangelsk, the manager of PAMM-strategy «Tisheedesh’, bol’shebudet». Alexander’s strategy has the highest level of profitability in the Rating of managed accounts.
Hello, Alexander! Thank you for agreeing to talk to us. Please, tell us about yourself a little bit. How long have you been on Forex market and what did motivate you to become a trader?
I’m 37 years old. I was born in Stavropol My father is a military man, that’s why our family was moving to different regions of Russia a lot. In 2000 I’ve graduated from the Institute of Economics, Finance and Business of Arkhangelsk State university. My entire career concerned private business. My first introduction to Forex was 4 years ago. The motivation of that was the change of the character of my job. The business was getting success. I’ve got some available money. So I transferred from field to office workers. Now I live in Arkhangelsk. Just recently I’ve opened an office to make my trading more comfortable and to have a place to meet my clients.
AForex started the PAMM-service not a long time ago. Could you tell us, what happened to your trading during this period?
The most important achievement for me is the fact that my strategy «Tisheedesh’, bol’shebudet» is in the top of the Rating of managed accounts in AForex. This is the result of more than 4 years of successful trading.
Please, tell us about your trading system, not mentioning the details.
There is nothing complicated in my trading system. The main thing, I’m relying on, is support and resistance levels, Fibonacci ruler, pin bars, extreme trade of day-week-month, multicurrency and averaging. And the most important thing is the absence of greed in my trading. And, of course, it is very important to follow the money-management and risk-management rules.
Should there be limits on the amount of capital and what it should be?
I think the Investor and the Manager should have the same conditions for the beginning. That’s why I like your company. 300$ is min amount for the Investors as well as for the Managers.
How do you think, what can we change or add to PAMM-service at AForex?
I think, you could revise a little the statistics of strategy and add some new topics, so the Investors can evaluate the profitability of the strategy easier. Also I would cancel the limit for max amount of investment to the strategy. Now you can’t set a min amount of the investment less than Manager’s own capital.
So, if the Investor joins my strategy with less than 30% of my own capital, it won’t influence on the current account balance, but in the same time it will reduce my profit.
The thing is I got the impression that many Investors don’t want to read offers’ texts. In my offer it is written clearly, that equity drawdown can reach 60%. But the Investors set limit for loss of 10-15% and thus they get out with stop-out, leaving me with increased volumes. It means I have to correct the volume urgently by myself which is not always possible. And it makes my trading uncomfortable.
Who is an ideal Investor in your opinion?
In my opinion it’s a man, who approaches his own investment carefully, pays attention on other investors’ comments, assesses the risks right. And the most important thing is that he is the one who communicates with PAMM-managers before the investing or at least reads Manager’s offer.
How do you think, which criteria should the Investors follow while choosing the Managers?
The Investor should choose the Manager based on his investing goals and the expectations of profit. He should remember, as high is profit as high is risk. This is the key rule of financial system. That’s why, I recommend the Investors to pay attention not only on strategy profitability indicators but also on amount of credit leverage (less leverage means less risks) and amount of balance drawdown and equity (less is better). And, of course, the strategy has to have a sufficient period of trading (more is better) preferably not less than 3 months.
People often think that investing is a simple process: deposit money and get profit. What do you think, should the Investor follow any strategies in PAMM-service?
You're right - it's a very common misconception among the Investors. The main Investor’s rule is to diversify his portfolio, which means to invest several Managers’ strategies. I advise the Investors to follow folk wisdom and not to put all eggs in one basket (smiles).
Could you tell us about your plans for the future?
My immediate plans are to expand my activities on the Forex market. I see great prospects for the development of this market in Russia. When the state regulation of Forex market appears in Russia, people will trust more in this market and at the same time the amount of traders and investors will increase. Besides, I’m planning to expand my professional activities and begin to teach at the Institute of Economics, Finance and Business of Arkhangelsk State Technical university, where I had studied. And of course, I’m planning to expand the amount of investment tools which I’m using in work.
If you have any questions you can call us toll-free: 001-803-015-205-0071.
Being a manager is not easy. The interview with PAMM-manager of TraderForex strategy Alexey Mashkovtsev.
Today’s AForex guest is Aleksey Mashkovtsev. Worth mentioning his strategy TraderForex has outstanding results. Its profit is 80% with the max drawdown of 0%.
Hello, Alexey! Thanks for your time and for agreeing for this interview. Tell us, please, how did you meet with the Forex market?
Hello! I met with Forex within movies. Since my childhood I like movies about traders and exchange. My favorite movie is Boiler Room. When I turned 18, I ventured to try my strength in this difficult business, and I opened my first account. Unfortunately, I’ve lost all money almost on the first day of trading. That's how I got to the market.
Being PAMM-manager is not easy and also it’s huge responsibility. How did you decide to manage Investors’ funds?
Of course, it’s not easy to be a manager. You are responsible not only for your money, but for your investors’ money too. To become a PAMM-manager I’ve decided when I got an idea that if I trade successfully, why should not I try to earn the profit for the Investors and get the commission?
You have a lot of experience of successful trading in many broker-companies. We are very glad that now you get the possibility of earning for our customers. I am sure they are interested to know what allows you to be a successful manager and what is your trading strategy built on?
My emotional attitude “Only winning” and experience in the financial markets help me to be successful. As I said in a video, my trading strategy is very easy. I trade exclusively with a technical analysis.
What you are guided by in trading and what factors are you relying on making trading decisions?
I always look forward to and rely only on myself! I never listen to analysts and other "market shamans".I make decisions only when I'm sure 100%
What is Forex for you - your main activity or just a hobby?
For me Forex is my favorite hobby and a possibility of self-realization. But the most important thing is this hobby brings good income.
What goals do you have? What should your investors expect?
I do not chase for superprofit. I don’t promise my Investors gold mountains, but last year my account earned 600%, and I promised my Investors 100%. I have one goal - to improve trading and earn profit for my Investors.
What advice would you give to the Investors and your colleagues who are just trying themselves in this field?
I recommend the Investors to choose PAMM-managers wisely and thoroughly learn the account age, the principle of trading, and the most important–do not invest in traders without any experience. I advise managers to rely only on themselves, and I wish them all success and profit!
In conclusion, you have worked with many brokers, so you can compare. What can you say about the cooperation with AForex?
AForex has quality service,fast transaction execution and convenient trading conditions. AForex - is the right choice!
If you have any questions you can call us toll-free: 001-803-015-205-0071.
The beginners of ten open “on full”. The Interview with the Manager of the PAMM-strategy «PapiniFinansi» Maxim Roslikov.
Today’s AForex guest is Maxim Roslik from Krasnoyarsk, the manager of the Pamm-strategy «PapiniFinansi».
Hello, Maxim! Thank you for agreeing to talk to us. Please tell us a little bit about yourself. When did you come to the Forex market?
Hello, AForex! I learned about the market ten years ago, when I was only 19. That was the first time I saw the candles charts and I felt that my future life would be connected with it.
What do you think, is it difficult to trade in the Forex market?
Trading itself is simple. You can learn very quickly how to trade with any terminal. Much more complicated is to understand the market. And at first it’s difficult to control your emotions while trading. The beginners often open “on full” to earn faster, and they lose deposit, but that is subtle thing, you shouldn’t rush here.
How did you decide to manage Investors’ funds, and is it convenient for you to work with investment capital?
From 2005 to 2008 I worked in one investment company and at that time I already got the first experience of Investors’ funds management. There was a constant increase of profit, and my deposit increased every month because of the investors’ funds. It was probably the best period of my life, it was my dream job.
What qualities are the most important for the Manager?
The first and, in my opinion, the most important thing is discipline. There should be no extra inputs and outputs. The next quality is the ability to overcome your fears. And one of the main qualities is attention to details. Also, I recommend keeping a diary of deals. You can really see the understanding of the market through it.
Describe your trading strategy? What kind of analysis do you use?
In my trading strategy I only use technical analysis. I have this entry in my diary: "Well, it’s opened to me now" - dated June 2011. It was the time when, sitting up all night and looking at the minute chart, without being distracted by anything and recording every minute of the market, I realized that I only need to remove all indicators and just follow the dynamics of the market and look at how it draws us price. And now, looking at that experience and current situation, I understand how I have grown up.
Did you have large drawdowns? What did you feel about that?
Yes, I lost several personal accounts at the beginning of my career. I felt terrible in my soul, but I knew that I constantly step on the same rake and do not keep the risks. The good thing was that amounts were small. But there was a big fall in 2008. Under the contract, I could reach 25% drawdown, but a few days later I received a drawdown of 16% for U.S. bonds. The director told me to say goodbye, because the amount of money was very large. For me it was a very valuable lesson. Those were the only days when I couldn’t close a losing trade and put a stop. I was hypnotized by the amount and by fear ... And now I look not at the amount, but the percentage of the deposit. The most important thing is that I got that experience.
How would you rate the usefulness of the competition «1000000 from AForex »?
It is a very good contest and a chance for many people to show themselves, and it's the best way of selection I have ever seen.
Why did you choose AForex as a broker? Can you recommend us?
I trade in this company since 2011. I have recommend AForex to many people. Recently there was a very interesting story. I got a call from a very well-known in Russian broker company and an offer to join their company.The manager parried all my answers to quit AForex. In his words AForex begins to “throw sand in the wheels” to customers who earn too much and doesn’t allow withdrawing their funds or withdraw it with delays if you, for example, earned ten thousand from five and more. So,my friend and I have decided to check it. During three days, without any delay and unnecessary calls or words, money was withdrawn. There were no delays or slippage in trading. Now I’m really planning to trade with AForex for a long time and I recommend it for you. All talks aside with my own experience I can tell you AForex - is best of the best. Everything is made for us.
Could you tell a few words to your potential investors, please?
Choose the Manager who uses small leverage and has positive statistics for at least six months. Do not chase high percentage. I think that for a good amount 50% a year is a lot.
Thank you for the interview!
If you have any questions you can call us toll-free: 001-803-015-205-0071.
The interview with a successful trader of AForex
Today our guest is a successful trader Andrey Kozelov. He represents WeReallyTrade company, which is AForex certified partner. Soon May 29, 2014 The first conference of professional traders will take place in Samara. It is organized by WeReallyTrade and AForex. In anticipation of this event, we decided to interview Andrey and find out about his forex experience and successful trading secrets!
Hello! Thank you for agreeing to talk to us, and as a tradition our first question is what do you do besides trading in the market? How did you come to Forex?
Hello! Of course, trading itself is very "intimate" activity and it requires max isolation from external factors, so all traders lack the communication. And I’m not an exception (laughs). So because of this fact in 2011, we decided to create a company WeReallyTrade, which is a certified partner of AForex. The title WeReallyTrade we borrowed from my idol of trading Larry Williams, with whom I sometimes communicate and share my experience. The main mission of the company is to help other beginners and teach them the Exchange skills. Therefore besides the trading, I do training, seminars, webinars and I really enjoy it (laughs again).
I joined Forex in 2005, very casually and I didn’t even think that it would become my profession, but it turned out a long time occupation and I hope an occupation for life! For almost 10 years in the industry I’ve seen a lot, went through a series of large losses and failures, I persevered and now I’m sitting in front of you and talking about my thorny way (laughs). Oh, I almost forgot, I also have an experience of trading on the Russian stock exchange, and I survived the 2008 crisis being the employee of one of the leading broker companies. However, now I don’t trade with shares, but I make analysis in daily reports.
It’s very interesting to know how long did it take you to make trading on forex a good source of incomes?
In fact, I didn’t get lucky, in the beginning of my way I haven’t met a man who could teach me how to trade and make my“becoming a trader way” with min losses. So I struggled myself during 5 years. After that time, I began to get stable income and developed my own approach to stock trading. I’ve read a lot of books about trading and I’m convinced that in order to learn you can’t just read, but check everything yourself, to be always ready to explore and test new ideas and techniques. This is a permanent process, which in fact, many people simply are not ready for.
Also I would recommend all beginners to learn from those people who have a lot of trading experience, but not from those who are just training and turning it into a riskless business.
Of course, I wouldn’t say those people’s names, I just say that 99% of people involved in training, you can find online, don’t earn anymore in the market.
The only criteria of choosing a trainer is the fact that the trainer trades with you on real accounts showing you the efficiency of his method.
Please, describe your trading strategy. What kind of analysis do you use? Where do you get the information?
I cannot describe my strategy in two words, but I call it "precise trading". My technique works in any markets with liquidity, activity and volatility. Basically I trade with currency pairs, metals and energy, i.e. Oil and natural gas. I think it’s about 12-15 working tools. I am absolutely convinced that the news doesn’t make the market, but the market makes news – this is an axiom that many people forget. My average trade lasts from one to three days, I call this short-swing style and I advise it to all my students. It’s not a secret for anyone that any exchange strategy should include a few immutable elements, namely the rules of input and output, target levels, market phases, market sentiment, trading algorithm, the calculation of the position amount, and many others. Without these components you can forget about earning money. Simple methods can’t get you a stable profit for a long distance.
I talk about it more detailed on my webinars and seminars. By the way, this year we released in an open access the universal trading system, which I called "Breakthrough". We made an absolutely laconic and profitable trading system so download it and earn money. It combines all my experience and knowledge of 9.5 years of trading.But the majority of people will do the opposite, because it’s too easy to be true and they will search for unnecessary information chasing different newfound gurus. As French say: "C’est la vie!"
Did you have large drawdowns? What did you feel about that?
I think every trader had drawdowns,it is like “baptism of fire”, someone withstands it and some doesn’t. The important thing is not to get into so called “tilt” which means not to recoup, because you can lose your entire deposit.
I also have lost money and not once. I don’t like to think about it, it was a hard time. But if you think, without those losses I would never become who I am now. I wouldn’t make money in the market, if I gave up and quit the market. It’s necessary to analyze your mistakes and to risk with small percentage of capital every trade, to study, to test and to check new ideas.
What is your point of view, what should the person who decided to open a trading account start with?
I would recommend to begin with trade training. , No one starts to earn immediately, regardless of your real life success. This market is completely different.It works with whole other principles, which take time to get used to.But if you really decided to learn by yourself, you should read book by Larry Williams, Alexander Elder, Linda Raschke. Watch my webinars, make your own trading system and trading algorithm and you will get success after some time.
Were there such moments when greed began to win your mind and you noticed it? And how did you fight that?
I should remember…yes it was and mostly it was too late! It happened in the early stage, when I didn’t control the risks and had no idea about trading system. You can fight this only within experience, I don’t see another way.
What advice can you give to people who just want to try their forces on trade market?
Remember that you came to the market for the whole life. You should keep your deposit as an apple of your eye. More specifically I can recommend the following:
- Forget about the rule of "let your profits run", it was written for the emerging markets, and it’s no longer relevant, use high precise trading, waiting for the signal, the setup forming, placing orders, stop-loss and output strictly on purpose to form a model.
- Work out your patience, learn to wait for “your” signal, the majority of traders is impatient and they lose money during the "empty" market.
- And of course, strictly follow the rules of money management.
And finally, what do you like in cooperation with AForex?
I like pleasant and positive people, plus the company has the best customer service. For 10 years in the industry I have worked with many companies, ours and foreign. And you can believe me, the way the company treats its customers, the efficiency of inputs/outputs, the quality of terminal work, lack of requotes, all of this makes the cooperation with AForex very productive and convenient.
Also the company develops Pamm-service which provides an additional opportunity to earn money even for people who are far from the market.
If you are thinking where to open an account, then AForex, of course, is out of the competition. You should open an account at AForex and you won’t regret.
If you have any questions you can call us toll-free: 001-803-015-205-0071.
date_unix_timestamp:
Monday, July 21, 2014 - 20:30
Image: