How To Choose A Strategy Manager In FXTM Invest?
Before you select a suitable Strategy Manager, you have to identify your own trading profile. Ask yourself the following questions:
- Are you a beginner or an advanced trader?
- Are you an aggressive, moderate or conservative trader?
- What is your risk tolerance? High, Intermediate or Low?
- Do large losses make you feel uncomfortable?
- Are you only after big profits?
After you answer the questions above, you can find the right Strategy Manager to fit your financial needs. Your Strategy Manager must match your trading characteristics:
- Desired risk level
- Maximum drawdown
- Maximum returns (i.e. gain)
A Strategy Manager’s risk level is based on their maximum drawdown and daily average return. Investors can see statistics and other relevant information about Strategy Accounts on the Top Ranking Strategy Managers page. Investors willing to accept lower returns and lower risk may select Strategy Managers with this risk level:
- Low Risk Level - 2 or less
- Low Max Drawdown - For example, less than 30%
On the other hand, Investors looking for higher returns and who are willing to accept higher risk may select Strategy Managers with this risk level:
- High Risk Level - 4 or 5
- High Max Drawdown - For example, higher than 50%
In general, Strategy Managers who have traded for at least 6 months and have a longer track record are more reliable. The longer the Strategy Manager has traded, the more confident the investor should be.
Visit us today to find out more:
Investors: https://www.forextime.com/fxtm-invest
Strategy Managers: https://www.forextime.com/fxtm-invest/strategy-managers
Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Risk Warning: There is a high level of risk involved with trading leveraged products such as forex and CFDs. You should not risk more than you can afford to lose, it is possible that you may lose more than your initial investment. You should not trade unless you fully understand the true extent of your exposure to the risk of loss. When trading, you must always take into consideration your level of experience. If the risks involved seem unclear to you, please seek independent financial advice.
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