Forex funds

Foreign currency futures are futures contracts on currencies, which are bought and sold based on a standard size and settlement date.

The CME group is the largest foreign currency futures market in the united states, and offers futures contracts on G10 as well as emerging market currency pairs and e-micro products. A number of exchange-traded funds (etfs) and exchange-traded notes (etns) provide exposure to foreign exchange markets. Some etfs are single-currency, while others buy and manage a group of currencies.

How can I invest in a foreign exchange market?

The foreign exchange market is the world's largest financial market, accounting for more than $5 trillion in turnover each day. comprised of banks, commercial companies, central banks, investment firms, hedge funds and retail investors, the foreign exchange market allows participants to buy, sell, exchange and speculate on currencies. There are a number of ways to invest in the foreign exchange market.

Forex

The forex market is a 24-hour cash (spot) market where currency pairs, such as the EUR/USD pair, are traded. Because currencies are traded in pairs, investors and traders are betting one currency will go up and the other will go down. The currencies are bought and sold according to the current price or exchange rate.

Foreign currency futures

Foreign currency futures are futures contracts on currencies, which are bought and sold based on a standard size and settlement date. The CME group is the largest foreign currency futures market in the united states, and offers futures contracts on G10 as well as emerging market currency pairs and e-micro products.

Foreign currency options

Whereas futures contracts represent an obligation to either buy or sell a currency at a future date, foreign currency options give the option holder the right (but not the obligation) to buy or sell a fixed amount of a foreign currency at a specified price on or before a specified future date.

Etfs and etns

A number of exchange-traded funds (etfs) and exchange-traded notes (etns) provide exposure to foreign exchange markets. Some etfs are single-currency, while others buy and manage a group of currencies.

Certificates of deposit

Foreign currency certificates of deposit (cds) are available on individual currencies or baskets of currencies and allow investors to earn interest at foreign rates. For example, TIAA bank offers the new world energy CD basket, which provides exposure to three currencies from non-middle eastern energy-producing countries (australian dollar, canadian dollar and norwegian krone).

Foreign bond funds

Foreign bond funds are mutual funds that invest in the bonds of foreign governments. Foreign bonds are typically denominated in the currency of the country of sale. If the value of the foreign currency rises relative to the investor's local currency, the earned interest will increase when it is converted.

17 simple ways to raise $5,000 to fund forex trading account

How would you raise $5,000 to fund forex trading account? Live trading account, I mean?

For many, $5,000 could be 6 months salary, or 1 year’s salary. It really depends on which part of the world you live in. Now, even though $5,000 may be hard to get, it is not impossible.

Almost all forex websites you visit tell you about how to trade etc..But no-one really talks about the fact that in order to trade, you need cash and actually how to get the money required to start forex trading live.

I guess everyone assumes that anybody who wants to trade forex has adequate money to start with, right?

Actually, there are people interested in trading forex but really have no money at all.

Well, because that’s how the world works…some people have it, some people just don’t.

If something is hard to get…

If something is hard to get,what do you do?

You see, dreaming does not bring results. Taking action does.

When you are hungry, you do not dream about food or wish that food will fly to your mouth. It never happens. Not in this life.

Your hungry stomach will make you stand up, take a walk to the kitchen to cook something, or open the refrigerator to see if there is any food in it, or jump in the car and drive to mcdonalds or KFC or whatever.

When your stomach demands food it is near impossible to ignore it.

Let me construct the sequence of events that happens when you are hungry:

Step 1: you feel hungry (situation)

Step 2: your mind tells you where to find food (solution)

Step 3: you leave whatever you are doing at the moment and you go and find food (taking action)

Step 4: food in your hand, into your mount, into your stomach (mission accomplished!)

As a forex trader needing cash to fund a live forex trading account, you situation would be like this:

Situation: need to find $5,000 to fund forex trading account

Solution: what ways or options can I raise $5,000?

Taking action: this is when you start doing what it takes to get $5,000.

Mission accomplished: you finally get $5,000 and fund your forex trading account.

OK, how would you actually get $5,000?

Now, think of it this way…$5,000 in itself is quite a big number, or isn’t? It isn’t a huge amount when you break it down into smaller parts.

Five thousand one dollars.

Or five hundred $10 dollars

Or one hundred $50

Or 200 hundred $25

You get what I’m trying to say here?

In here are 17 actionable ways where I hope can give you some ideas on how to raise $5,000 to trade forex.

1: mow lawns for for 200 neighbors for $25

Do you have a ride-on mower?

Or just an ordinary push lawn mower?

Do you know 200 neighbors where you can ask to mow their laws for $25? Or what about 100 neighbors but you mow their lawns twice, maybe 1 or 2 months apart?

I’d happily pay anyone to mow my law for $25! You wan’t to know why? Because I’d rather sit in front of the computer than mow the lawn.

If I’m like that, imagine there are millions of people in the world today, who are so into technology, facebook, twitter, instagram, youtube…TV, you name it and they just can’t find the time to mow their own lawns. This situation is especially true in developed countries.

Mowing lawns in the past used to be something I enjoyed doing…now, its not. I hate mowing. Its my missus that actually “kicks my arse” to get out and mow the lawn.

If that is how I view mowing lawns, imagine that there are many more like me and and the’d be happy to pay you to mow their lawn…even if they have their own lawn mowers, just ask them.

Or what if you don’t have a lawn mower but your neighbor has a lawn mower and you realize that his lawn is getting tall.

You go up to his door, knock on the door and say ” hello mr neighbour, I noticed you need to mow the lawn but I can do it for you for $25.” (CLICK NUMBERED BUTTONS BELOW TO CONTINUE TO #2)

Forex trading: A beginner's guide

Forex is a portmanteau of foreign currency and exchange. Foreign exchange is the process of changing one currency into another currency for a variety of reasons, usually for commerce, trading, or tourism. According to a recent triennial report from the bank for international settlements (a global bank for national central banks), the average was more than $5.1 trillion in daily forex trading volume.

Key takeaways

The foreign exchange (also known as FX or forex) market is a global marketplace for exchanging national currencies against one another.

Because of the worldwide reach of trade, commerce, and finance, forex markets tend to be the largest and most liquid asset markets in the world.

Currencies trade against each other as exchange rate pairs. For example, EUR/USD.

Forex markets exist as spot (cash) markets as well as derivatives markets offering forwards, futures, options, and currency swaps.

Market participants use forex to hedge against international currency and interest rate risk, to speculate on geopolitical events, and to diversify portfolios, among several other reasons.

What is the forex market?

The foreign exchange market is where currencies are traded. Currencies are important to most people around the world, whether they realize it or not, because currencies need to be exchanged in order to conduct foreign trade and business. If you are living in the U.S. And want to buy cheese from france, either you or the company that you buy the cheese from has to pay the french for the cheese in euros (EUR). This means that the U.S. Importer would have to exchange the equivalent value of U.S. Dollars (USD) into euros. The same goes for traveling. A french tourist in egypt can't pay in euros to see the pyramids because it's not the locally accepted currency. As such, the tourist has to exchange the euros for the local currency, in this case the egyptian pound, at the current exchange rate.

One unique aspect of this international market is that there is no central marketplace for foreign exchange. Rather, currency trading is conducted electronically over-the-counter (OTC), which means that all transactions occur via computer networks between traders around the world, rather than on one centralized exchange. The market is open 24 hours a day, five and a half days a week, and currencies are traded worldwide in the major financial centers of london, new york, tokyo, zurich, frankfurt, hong kong, singapore, paris and sydney—across almost every time zone. This means that when the trading day in the U.S. Ends, the forex market begins anew in tokyo and hong kong. As such, the forex market can be extremely active any time of the day, with price quotes changing constantly.

A brief history of forex

Unlike stock markets, which can trace their roots back centuries, the forex market as we understand it today is a truly new market. Of course, in its most basic sense—that of people converting one currency to another for financial advantage—forex has been around since nations began minting currencies. But the modern forex markets are a modern invention. After the accord at bretton woods in 1971, more major currencies were allowed to float freely against one another. The values of individual currencies vary, which has given rise to the need for foreign exchange services and trading.

Commercial and investment banks conduct most of the trading in the forex markets on behalf of their clients, but there are also speculative opportunities for trading one currency against another for professional and individual investors.

Spot market and the forwards & futures markets

There are actually three ways that institutions, corporations and individuals trade forex: the spot market, the forwards market, and the futures market. Forex trading in the spot market has always been the largest market because it is the "underlying" real asset that the forwards and futures markets are based on. In the past, the futures market was the most popular venue for traders because it was available to individual investors for a longer period of time. However, with the advent of electronic trading and numerous forex brokers, the spot market has witnessed a huge surge in activity and now surpasses the futures market as the preferred trading market for individual investors and speculators. When people refer to the forex market, they usually are referring to the spot market. The forwards and futures markets tend to be more popular with companies that need to hedge their foreign exchange risks out to a specific date in the future.

More specifically, the spot market is where currencies are bought and sold according to the current price. That price, determined by supply and demand, is a reflection of many things, including current interest rates, economic performance, sentiment towards ongoing political situations (both locally and internationally), as well as the perception of the future performance of one currency against another. When a deal is finalized, this is known as a "spot deal." it is a bilateral transaction by which one party delivers an agreed-upon currency amount to the counter party and receives a specified amount of another currency at the agreed-upon exchange rate value. After a position is closed, the settlement is in cash. Although the spot market is commonly known as one that deals with transactions in the present (rather than the future), these trades actually take two days for settlement.

Unlike the spot market, the forwards and futures markets do not trade actual currencies. Instead they deal in contracts that represent claims to a certain currency type, a specific price per unit and a future date for settlement.

In the forwards market, contracts are bought and sold OTC between two parties, who determine the terms of the agreement between themselves.

In the futures market, futures contracts are bought and sold based upon a standard size and settlement date on public commodities markets, such as the chicago mercantile exchange. In the U.S., the national futures association regulates the futures market. Futures contracts have specific details, including the number of units being traded, delivery and settlement dates, and minimum price increments that cannot be customized. The exchange acts as a counterpart to the trader, providing clearance and settlement.

Both types of contracts are binding and are typically settled for cash at the exchange in question upon expiry, although contracts can also be bought and sold before they expire. The forwards and futures markets can offer protection against risk when trading currencies. Usually, big international corporations use these markets in order to hedge against future exchange rate fluctuations, but speculators take part in these markets as well.

Note that you'll often see the terms: FX, forex, foreign-exchange market, and currency market. These terms are synonymous and all refer to the forex market.

Forex for hedging

Companies doing business in foreign countries are at risk due to fluctuations in currency values when they buy or sell goods and services outside of their domestic market. Foreign exchange markets provide a way to hedge currency risk by fixing a rate at which the transaction will be completed.

To accomplish this, a trader can buy or sell currencies in the forward or swap markets in advance, which locks in an exchange rate. For example, imagine that a company plans to sell U.S.-made blenders in europe when the exchange rate between the euro and the dollar (EUR/USD) is €1 to $1 at parity.

The blender costs $100 to manufacture, and the U.S. Firm plans to sell it for €150—which is competitive with other blenders that were made in europe. If this plan is successful, the company will make $50 in profit because the EUR/USD exchange rate is even. Unfortunately, the USD begins to rise in value versus the euro until the EUR/USD exchange rate is 0.80, which means it now costs $0.80 to buy €1.00.

The problem the company faces is that while it still costs $100 to make the blender, the company can only sell the product at the competitive price of €150, which when translated back into dollars is only $120 (€150 X 0.80 = $120). A stronger dollar resulted in a much smaller profit than expected.

The blender company could have reduced this risk by shorting the euro and buying the USD when they were at parity. That way, if the dollar rose in value, the profits from the trade would offset the reduced profit from the sale of blenders. If the USD fell in value, the more favorable exchange rate will increase the profit from the sale of blenders, which offsets the losses in the trade.

Hedging of this kind can be done in the currency futures market. The advantage for the trader is that futures contracts are standardized and cleared by a central authority. However, currency futures may be less liquid than the forward markets, which are decentralized and exist within the interbank system throughout the world.

Forex for speculation

Factors like interest rates, trade flows, tourism, economic strength, and geopolitical risk affect supply and demand for currencies, which creates daily volatility in the forex markets. An opportunity exists to profit from changes that may increase or reduce one currency's value compared to another. A forecast that one currency will weaken is essentially the same as assuming that the other currency in the pair will strengthen because currencies are traded as pairs.

Imagine a trader who expects interest rates to rise in the U.S. Compared to australia while the exchange rate between the two currencies (AUD/USD) is 0.71 (it takes $0.71 USD to buy $1.00 AUD). The trader believes higher interest rates in the U.S. Will increase demand for USD, and therefore the AUD/USD exchange rate will fall because it will require fewer, stronger USD to buy an AUD.

Assume that the trader is correct and interest rates rise, which decreases the AUD/USD exchange rate to 0.50. This means that it requires $0.50 USD to buy $1.00 AUD. If the investor had shorted the AUD and went long the USD, he or she would have profited from the change in value.

Currency as an asset class

There are two distinct features to currencies as an asset class:

You can earn the interest rate differential between two currencies.

You can profit from changes in the exchange rate.

An investor can profit from the difference between two interest rates in two different economies by buying the currency with the higher interest rate and shorting the currency with the lower interest rate. Prior to the 2008 financial crisis, it was very common to short the japanese yen (JPY) and buy british pounds (GBP) because the interest rate differential was very large. This strategy is sometimes referred to as a "carry trade."

Why we can trade currencies

Currency trading was very difficult for individual investors prior to the internet. Most currency traders were large multinational corporations, hedge funds or high-net-worth individuals because forex trading required a lot of capital. With help from the internet, a retail market aimed at individual traders has emerged, providing easy access to the foreign exchange markets, either through the banks themselves or brokers making a secondary market. Most online brokers or dealers offer very high leverage to individual traders who can control a large trade with a small account balance.

Forex trading: A beginner’s guide

Forex trading risks

Trading currencies can be risky and complex. The interbank market has varying degrees of regulation, and forex instruments are not standardized. In some parts of the world, forex trading is almost completely unregulated.

The interbank market is made up of banks trading with each other around the world. The banks themselves have to determine and accept sovereign risk and credit risk, and they have established internal processes to keep themselves as safe as possible. Regulations like this are industry-imposed for the protection of each participating bank.

Since the market is made by each of the participating banks providing offers and bids for a particular currency, the market pricing mechanism is based on supply and demand. Because there are such large trade flows within the system, it is difficult for rogue traders to influence the price of a currency. This system helps create transparency in the market for investors with access to interbank dealing.

Most small retail traders trade with relatively small and semi-unregulated forex brokers/dealers, which can (and sometimes do) re-quote prices and even trade against their own customers. Depending on where the dealer exists, there may be some government and industry regulation, but those safeguards are inconsistent around the globe.

Most retail investors should spend time investigating a forex dealer to find out whether it is regulated in the U.S. Or the U.K. (dealers in the U.S. And U.K. Have more oversight) or in a country with lax rules and oversight. It is also a good idea to find out what kind of account protections are available in case of a market crisis, or if a dealer becomes insolvent.

Pros and challenges of trading forex

Pro: the forex markets are the largest in terms of daily trading volume in the world and therefore offer the most liquidity. this makes it easy to enter and exit a position in any of the major currencies within a fraction of a second for a small spread in most market conditions.

Challenge: banks, brokers, and dealers in the forex markets allow a high amount of leverage, which means that traders can control large positions with relatively little money of their own. Leverage in the range of 100:1 is a high ratio but not uncommon in forex. A trader must understand the use of leverage and the risks that leverage introduces in an account. Extreme amounts of leverage have led to many dealers becoming insolvent unexpectedly.

Pro: the forex market is traded 24 hours a day, five days a week—starting each day in australia and ending in new york. The major centers are sydney, hong kong, singapore, tokyo, frankfurt, paris, london, and new york.

Challenge: trading currencies productively requires an understanding of economic fundamentals and indicators. A currency trader needs to have a big-picture understanding of the economies of the various countries and their inter-connectedness to grasp the fundamentals that drive currency values.

The bottom line

For traders—especially those with limited funds—day trading or swing trading in small amounts is easier in the forex market than other markets. For those with longer-term horizons and larger funds, long-term fundamentals-based trading or a carry trade can be profitable. A focus on understanding the macroeconomic fundamentals driving currency values and experience with technical analysis may help new forex traders to become more profitable.

How can I invest in a foreign exchange market?

Forex

Foreign currency futures

Foreign currency options

Etfs and etns

Certificates of deposit

Foreign bond funds

Investments

Tried and tested investment solutions for those who like to keep up with the times.

Funds under management (USD):

Record returns on a PAMM account - over 180,000%

Some 19,000 investors have currently parked their funds in the PAMM service

Record returns on a PAMM account - over 180,000%

Some 19,000 investors have currently parked their funds in the PAMM service

Investing is easy!

Decide which product to invest in

Select a PAMM account or portfolio from the ratings

Invest funds and keep track of your returns!

PAMM accounts

PAMM accounts, originally developed by alpari, are now a forex industry standard. They enable investors to earn without trading themselves, while allowing traders to earn some extra income for successfully managing investors' funds.

PAMM portfolios

PAMM portfolios are a tried and tested solution that allow investors to minimise their risk by spreading their funds across several PAMM accounts, combining them into one portfolio. PAMM portfolios provide earning opportunities to both managers and investors.

Trading

Analysis

Other

This site is operated by AI accept solutions limited (registered at 17 ensign house, admirals way, canary wharf, london), a subsidiary of alpari limited.

The alpari brand:

Alpari limited, suite 305, griffith corporate centre, kingstown, saint vincent and the grenadines, is incorporated under registered number 20389 IBC 2012 by the registrar of international business companies, registered by the financial services authority of saint vincent and the grenadines.

Alpari is a member of the financial commission, an international organization engaged in the resolution of disputes within the financial services industry in the forex market.

Risk disclaimer: before trading, you should ensure that you've undergone sufficient preparation and fully understand the risks involved in margin trading.

This site is operated by AI accept solutions limited (registered at 17 ensign house, admirals way, canary wharf, london), a subsidiary of alpari limited.

5 guaranteed ways for forex scam fund recovery!

Home » forex scam fund recovery – 5 guaranteed ways to recover your lost funds from fraudulent forex brokers

Are all forex brokers fraudulent?

Option #1: first of all discuss fund recovery possibility with your broker

It’s normal to get angry when you feel that broker scammed you. But, don’t contact your broker in a state of anger, instead wait for an hour or four or till you get calmer. Anger will throw you into the valley of mindless fury and in such state instead of finding a solution to your complaint, you will end up yourself in a more frustrating situation.

Once your calm down, prepare a detailed description with evidences like MT4 screenshots, trade logs, bank or transaction statements, etc. Which shows why you think that broker has scammed you.

After that contact your broker. It is best to handle the communication with the broker in writing – this way both parties can keep track of the issue and can monitor what has and has not been done. Here your objective is not to vent out your anger or to blame broker that they scammed you, your objective is to make broker understand your complaint correctly, and to collect more and more evidence from the broker about their explanation on your complaint. Also, ask broker to provide evidence supporting their explanation. For exa. – tick data in case of order execution or slippage or stop loss hunting related dispute, transaction evidence in case of withdrawal related dispute.

After broker’s reply if you are not convinced with it, then again explain them your reasons for not agreeing with them. Communicate at least 2-3 times and collect as many evidences of each communication as possible.

You need to give at least 4 weeks to your broker to explain their position.

Option #2: file your complaint at influential forex forums

Option #3: fund recovery by “CHARGEBACK” in case of card deposit

Option #4: contact broker’s bank or payment processing company whichever they used to receive your fund

Option #5: file a complaint with broker’s regulatory body

Ehren alscher

Ehren is a highly motivated and accomplished forex trader with over 8 years' of experience in forex trading. He worked with reputed forex brokers as a market analyst. He has done in-depth SWOT analysis of forex brokers and value added services. In his free time he likes to play tennis and chess.

Ehren alscher | 8 min read

Ehren alscher | 5 min read

Ehren alscher | 9 min read

90% of your failure in forex trading is due to your forex broker!

Check a true ECN/STP forex broker to improve your trading result!

Risk notification: this website www.Dojiforex.Com is for informational purpose only. This website does not provide investment advice, nor it is an offer or solicitation of any kind to buy or sell investment products. Before deciding to trade forex or CFD’s, it is highly advised that you evaluate your financial position and deem if you are suitable to engage in trading activities. You must acknowledge that trading in such markets carries a high level risk. Any information or advice contained on this website is intended for educational purpose only and has been prepared without taking into account your objectives, financial situation or needs. You must make your financial decisions, we take no responsibility for money made or lost as a result of using information on this website. Past performance of any product described on this website is not a reliable indication of future performance.

Managed forex accounts

Published: 8th july, 2020.

The intricate, complex ways of the financial markets often confuse the beginning traders. The two types of analysis, the different kinds of data and their contradicting signals, the vast choice of brokers, various trading styles, the many voices that shout buy and sell all the time are very intimidating to those who do not possess the free time necessary to study this field and for staying up to date with the data releases, news, and analysis offered by the myriad media channels. Traditional forex trading is high risk and can be difficult, especially for beginners. Casualty rates tend to be high since success demands specialized knowledge, experience, and emotional control. It is easy to become impatient, look for shortcuts, and then allow your emotions to take over, a recipe for failure.

At the same time, many are intrigued by the tales of the spectacular success in currency markets achieved by some astute traders who have made the necessary investments and reaped the benefits. In response to the complex issues related to traditional trading, the brokerage industry has developed a number of reasonable alternatives over the years that permit you to delegate trading control to another party. In the caser of “mirror” or “social” trading, you may pick an expert or anyone else in the broker’s network and then emulate his trading decisions. In order to use these options, you may still be confronted with the need for experience and emotional obstacles, and for these reasons alone, you may find the managed forex account an exceptionally alluring offer.

A managed forex account allows a professional manager (or someone who claims to be so) to trade your funds on your behalf for a salary or a fixed share of the profits. You may select a specialized firm for this purpose or a broker that offers a sophisticated software feature that permits your account balance to be traded by an expert. The latter service does provide an extra level of risk protection. You must always be careful in selecting a money manager that you can trust and that has earned a good reputation in the industry. While most money managers are legitimate, there have been several notable scams in the past (a few are discussed below). In many other cases, an enterprising person will setup a firm advertising his services to clients and will trade their funds on an independent basis. This second type of manager and the dangers created by associating with him is the subject of this article.

Advantages with managed accounts

There are a number of advantages that a managed account offers to the trader. Experience, which can only be gained through long-term involvement in the markets, is the only asset that can reduce or even negate the large risks associated with currency trading. Since a beginner lacks such a background by definition, cooperating with a money manager may seem to be a good choice. Emotional difficulties involved in trading cannot be tolerated by everyone, because each person has a different character profile and some are more prone to emotional extremes than others. Working with a money manager can also help you overcome this problem. Lack of sufficient time is another issue that discourages beginning traders from seriously committing to currency trading. A full-time account manager who can devote all his energies to trading for his clients is another positive aspect of this approach. Finally, many online traders, who act as fund managers, provide their past records to provide guidance on potential future returns. This knowledge may also help the beginner in choosing the best offer for himself.

Inherent dangers in these advantages

All of the above sound simple and appealing, but there are many inherent dangers that are disguised in that simple appeal.

By allowing the manager to trade on his or her behalf, the trader does indeed benefit from the accumulated experience of that person. But by doing so, he or she also loses the opportunity of learning in the markets by practice and study. In essence tying his fortune to that of the manager and thus depriving himself of the independence of mind and the analytical mentality that is a lifelong necessity for a trading career.

By handing over the emotional responsibilities associated with trading to the manager, the account owner condemns himself to perpetual slavery to the will and skill of the manager. Since he is unable to withstand the emotional pressures associated with trading, he can never evaluate the market independently and can never possess the necessary confidence to trust his own judgment. Ultimately, the manager will gain complete confidence over his trading decisions with unpredictable and potentially dangerous results.

Finally, while the past records of money managers can be a useful guide on their skills and prowess, it can also be misleading. First of all, in many cases it is not possible to evaluate these records due to the lack of sufficient background information. It is also true that the black box of performance data is insufficient for successfully evaluating the trading style and method of the manager in question. Finally, past performance is not a guide to future results: A past record of positive returns does not guarantee a similar performance in the future.

Our recommendation on managed accounts

In general, remaining in control of your account and trading to gain experience, by risking small amounts and using very low leverage is usually a better idea than handing over the control of your account to a stranger. It is difficult to predict how reliable a person is on the basis of the brief communication preceding the opening of an account or the signing of a contract. One will often need years of experience in order to feel safe about the character of such a partner, but in today’s dangerous environment, it is always possible that an unexpected misfortune that will erase his savings in a short time will remove the necessity altogether.

We do not claim that all managers are fraudsters, of course, but it is imperative that you perform the necessary background check. Ask for the required licenses and certifications before deciding on whom you will entrust with the management of your wealth. In order to clarify the dangers involved, we will list a few of the scams and thefts perpetrated by self-professed managers in the past few years.

Managers and scams

We believe that the discussion above already makes it possible to visualize the great “profit” potential of the scammer who acts in the cloak of a money manager. The nature of the relationship between the manager and his client ensures that a degree of blind trust must be maintained between the two parties, since it is not possible to check the actions of the manager constantly. Furthermore, by definition the manager needs a degree of independence about the way he uses the funds at his disposal, in order to be able to make profits and to manage the risk of the account successfully. In a healthy relationship, none of those would be considered an excessive requirement, however, when the manager’s main aim is mismanagement and misappropriations, the principles of the relationship become dangerous and harmful for the client. Visit our agencies to contact article to report any scams or fraudulent behavior by account managers.

Richard matthews JR.

This gentleman founded the white pines trust corporation in san diego, california in july 2000. Talkative and persuasive, mr. Matthews was an able marketer in spite of his lack of understanding in the currency trading business. Through various schemes, promises and profit pledges, he was able to pool more than $30 million of client deposits into his pockets, which he then used to acquire a 12-acre island off the coast of belize.

During the most active period of the white pines trust corporation and its associated pinnacle capital fund, mr. Matthews claimed an eight-year cumulative return of 591%, while guaranteeing that 75% of customer deposits are protected from loss each month by the use of various complicated, but false, methods, as eventually confessed by mr. Matthews himself. Eventually, when he was deprived of his island and other luxurious possessions in order to repay his defrauded customers some $14.8 million, much of which was of course unrecoverable, having been spent or squandered during the heyday of his once great career.

Russell cline

As proof that a successful life in forex fraud doesn’t require any stellar diploma from a university or years of proven experience, russell cline began his meteoric career as a house painter in baker city, oregon. Through a dashing, confident attitude to life in general and the audacity provided by his utter lack of knowledge or understanding of the forex market, he was able to lie persuasively by offering his clients risk-free managed accounts facilitated by his sophisticated trading techniques. After netting around $27 million from 600 clients between 1998 and 2002, mr. Cline declared that he had lost 97% of the funds, blaming his failure on faulty but honest trading errors. He requested additional funds to continue his rising career as a forex fund manager. To cut a long story short, it was eventually discovered that he had spent all the client funds on private jets, real estate, boats, luxury cars and pornography. He was sentenced to 8 years and 1 month in prison and was ordered to pay $14.9 million in restitution to clients.

Joel N. Ward

We have discussed the interesting career of joel N. Ward in the section on forex HYIP, but to prove how worthless the words and the assumed character of these fraudsters can be, we will just repeat here that this convicted fraudster would sometimes appear on the most reputable financial news channels and newspapers to discuss the ethics of retail forex brokerage and how irrational the expectations of trades were.

Conclusion

Ultimately, you’re free to do whatever you want with your own money. You are free to turn each penny into thousands of dollars, but you are also free to turn your millions or thousands into pennies or nothing, if that is your desire. Our hope is to remind you here that the promises, pledges, and claims of account managers are of little value unless they are corroborated by information from independent sources, such as regulatory bodies and government authorities. But even in those cases where the reliability and honesty of the manager is not in doubt, it may still be a better idea to trade your funds yourself, so as to exercise maximum control over your future and the safety of your assets. But whatever you do, never act on the basis of extravagant promises made by someone recommended to you by friends or relatives. Be diligent and responsible about whom you entrust your assets to. Isn’t the necessity of that due diligence obvious?

About the author : justin freeman

Justin has twenty-two years' of experience working in the financial markets with brokers. He's held trading and risk management positions at boutique asset managers and large investment banks. Justin helps people understand their trading options in a clear, jargon-free manner.

INSTANT FUNDING FOR FOREX TRADERS

Take our capital,

Accelerate your funded account up to $1.28 million dollars

What is your trading personality?

LOW RISK

Apply risk measures in your trading to receive a low target for more funding.

AGGRESSIVE

Take the freedom to trade your style with no restrictions.
Trade with high leverage and no mandatory stop orders.

ARE YOU NEW TO THE FUNDING TRADERS' PROGRAM?

Choose your funded account model

Profit target is determined by the profit goal for the current stage, from which the5ers will increase your trading capital responsibility.

Profit is the sum of all realized and unrealized positions including commission and swap charges. Once the target is hit, the trader is requested to close all running trades, and report the achievement to the fund.

It is only for the first stage of the program, the profit target is lower, 6% for the low-risk plans, and 12% for the aggressive programs. With all the rest of the stages, the profit target is 10% for the low risk, and 25% for the aggressive programs.

The equity stopout level is the lowest value of the account allowed. Once the account equity value is below this level, the fund will close all running trades, and disable trading and access.

The stopout level is a fixed value of loss allowance measured from the starting balance account of each level. As much the trader profit in the account, so his/hers loss allowance increases. Example: the starting balance is $10,000, the account is with $200 profit, the equity stopout level is $9,600; this gives the trader $600 loss allowance, if the profit increases to $500, the loss allowance is now $900.

The leverage applied for the trading account. The trader is allowed to utilize the full leverage applied for the account with no further enforcement.

Aggressive programs are set to 1:30 leverage, powers by 30 times the market buying allowance. Low risk programs are set at 1:6 leverage, powers by 6 times the market buying required.

Setting a stoploss for every trade is required when participating in the low risk programs. Only in the low risk plans, each and every position must consist of a proper stoploss at value not greater of 1.5%. The fund risk monitor, allows up to 2 whole minutes for placing a proper stoploss.

Failing to maintain stoploss discipline will result by switching the program to aggressive mode.

The maximum time required to complete the profit target for the first level of the program. To be clear, the maximum expiry time is applied ONLY for the very FIRST stage of the program. In all other progressed levels, there will be NO expiration time limit for active traders.

The maximum number of calendar days is set for 180 for the low risk plans, and 60 calendar days for the aggressive plans.

Once hitting the profit target alone with the rest of the qualification objectives, the5ers will increase your capital responsibility, with all the objectives increased proportionally.

At the first stage accomplishment, you will be receiving 4 times greater from initial capital of your first account. For every other steps (but the first one) the growth upscaling is twice of the last initial capital.

The deal with the5ers is that you bring the trading and we bring all the trading capital, we take the full risk for trading loss - but the profits will be shared with you. We will pay you a commission of 50% of the trading profits.

Payout is issued every month starting the second level of the program. Only at the first stage payout is paid once the stage is fully completed.

Good to know, receiving payouts is never being deducted from your forward progression toward the next milestone. With the5ers you get both the growth and the payouts. No need to decide.

A thought about percentage. Some may say a better percentage offer could be found elsewhere. We say, don’t judge by the percentage - judge by the potential money you actually receive. With our fast growth plan, you are increasing your actual money profit potential much faster than anywhere else.

The5ers guarantees maximum trading capital in funding, which is currently a 1.28 million dollars real funded account.

1.28 million is a big account to manage, however, this is not our final offer for you. Once you accomplish your goal on the 1.28 M account, we will discuss with you further growth and targets.

By signing up for the5ers programs you receive an instant funded account right away, with trading access to the fund’s pool account. We give a fair opportunity for every trader to present his/her trading skills on a real-capital-funded account. We take full responsibility to handle potential trading losses, which should be secured by a one-time participation fee.

Your participation fee is not trading securities. We are not a broker, not representing any financial institutes. Your once-off fee is paying you into the most rewarding funding program experience in the industry.

The fee is not refundable once you had made your first action in the funded account. Remember, you are being assigned to a real funded account from the very beginning. Any profits you will be making will be shared with you eventually.

Of course, we provide much more than just funded accounts. Trading with the5ers is a whole trading experience, including funding, accelerated growth with extreme income potential, full dedicated team of professionals ready to cater to your professional and administrative requirements, we provide education, and trading events, a live trading room, and extensive performance statistics dashboard.

Double capital at profit milestone up to 1.28 million guaranteed!

The5ers offer the most extreme and accelerated growth rate. At every milestone you are acquiring, the5ers will double your initial capital handling, also doubling the trading objectives, in terms of maximum loss allowance (aka equity stop out level), leverage, and stoploss (for applicable programs).

Milestones for the low-risk programs are set to 10% net profit, for the aggressive plans, a 25% target is set.

How to add funds to metatrader 4?

A lot of beginner traders ask a trivial question, how to put money on metatrader 4. The most important fact is that each trader needs to have a broker. When you have access to the broker’s client area, all deposits, withdrawals, settings, and leverage can be set in the broker’s platform.

How to deposit money into metatrader 4?

The trader can add funds to the metatrader 4 platform if logged into the broker’s members area, pick the deposit method, insert the deposit amount, and create the transaction. Money can not be added directly to the MT4 platform because the broker adds funds to your live account. All trades, deposits, and withdrawals trader manage using the online broker’s client area.

To deposit into matatrader account:

Go to the ‘finance/deposit’ tab and click ‘deposit. ‘

Choose the preferred online payment system.

Let we see an example of how to add funds to metatrader 4 or transfer funds using hotforex broker:

This is a list of payment options (deposit and withdrawal) for hotforex broker:

Deposit and withdrawal options	max. Deposit amount	min. Deposit amount	deposit time
wire transfers	unlimited	$100	funds sent by wire transfer usually take between 2-7 working days to be credited to your account.
Credit card union pay	$8,000	$50	up to 24 hours
maestro card	$10,000	$5	up to 10 minutes
mastercard	$7.500 per transaction	$5	up to 10 minutes
visa	$10,000	$5	up to 10 minutes
visa electron	$10,000	$5	up to 10 minutes
bitcoin cash	$10,000	$5	up to 10 minutes (if bitcoin transaction is confirmed in the network)
bitcoin BTC	$10,000	$5	up to 10 minutes (if bitcoin transaction is confirmed in the network)
bitcoin by skrill	$500	$5	up to 10 minutes (if bitcoin transaction is confirmed in the network)
crypto payments	$10,000	$100	up to 10 minutes (if transaction is confirmed in the network)
fastpay	$5,000	$5	instant
neteller	$50,000	$5	instant
skrill	$10,000	$5	instant
vload	depends on your vload tier	$10	up to 10 minutes
webmoney	$50,000	$5	instant

So, without a broker, trade can not put money on metatrader 4.

So, let's see, what we have: there are a number of ways to invest in the foreign exchange market, including trading spot forex pairs, foreign currency futures, foreign currency options, etfs and etns, cds and bond funds. At forex funds