Watch Out, Ther's a Vendor About.
One sure fire way to separate the chaff from the wheat...
ASK QUESTIONS FIRST BEFORE YOU HAND OVER ANY MONEY.
Don't be a doughnut. Don't be a Moron.
Don't fall for the Nigerian scam letter.
Don't fall for the "I Can Teach You To Trade The Markets Scam".
But what should you ask your Friendly Super Vendor.
Ask for a Full Disclosure Check List that I'm sure any Vendor would only be willing to show you.
Name of their Broker.
How long they have been trading.
Average number of monthly trades.
How long held for.
Win/Loss Ratio.
Average Win/Loss Ratio.
Max Peak to Trough Drawdown.
Maximum Number of Consecutive Losers.
Maximum Number of Consecutive Winners.
Standard Deviation Per Month.
Sharp Ratio.
Average Profit Per Month.
Ask your Friendly Super Vendor to Sign a Statutory Declaration to the Above.
Just in case you find out later they are nothing more that a Gambler-Holic and compulsive liar trying to purloin some money from your pockets.
Lastly, dont forget to ask them to give you Full Access to Their Trading Accounts.
No point taking chances.
And I'm sure that every Vendor reading this will agree with me fully.
One sure fire way to separate the chaff from the wheat...
ASK QUESTIONS FIRST BEFORE YOU HAND OVER ANY MONEY.
Don't be a doughnut. Don't be a Moron.
Don't fall for the Nigerian scam letter.
Don't fall for the "I Can Teach You To Trade The Markets Scam".
But what should you ask your Friendly Super Vendor.
Ask for a Full Disclosure Check List that I'm sure any Vendor would only be willing to show you.
Name of their Broker.
How long they have been trading.
Average number of monthly trades.
How long held for.
Win/Loss Ratio.
Average Win/Loss Ratio.
Max Peak to Trough Drawdown.
Maximum Number of Consecutive Losers.
Maximum Number of Consecutive Winners.
Standard Deviation Per Month.
Sharp Ratio.
Average Profit Per Month.
Ask your Friendly Super Vendor to Sign a Statutory Declaration to the Above.
Just in case you find out later they are nothing more that a Gambler-Holic and compulsive liar trying to purloin some money from your pockets.
Lastly, dont forget to ask them to give you Full Access to Their Trading Accounts.
No point taking chances.
And I'm sure that every Vendor reading this will agree with me fully.