Account management and fxstat Autotrading
You can find many experienced traders here on fxstat. I have read many things about managed accounts. I have analyzed risks, returns and fees on managed accounts and compared it with the autotrading service of fxstat.
If we see at returns, there is almost no difference. A managed account or auto trading service will produce same results as long it is provided by same trader.
Risk is greater in case of managed account. Sometimes account manager asks you to give him full control of your money i.e by simply transferring money to his account or giving him money etc. You can see many such cases by searching on google.
I have seen fee at fxstat autotrading and its a lot less as compared to account management fees. Signal providers and Signal followers both benefit from it. Signal followers benefit from low fee and Signal providers benefit from commissions.
Another important point is that account managers normally manage accounts with high capital and refuse to manage small accounts. So small investors have no other choice except autotrading service of fxstat.
In my opinion Autotrading is much better than account management. Whats your opinion?
You explained each and everything nicely. I agree on all points. I like the way you described it. There is one more advantage that I want to add here. A trader can choose its own signal provider and if he is not satisfied he can choose another signal provider.
I agree that autotrading service is a cool service
Hello jogi, you made an excellent post just after you joined this forum. Amazing comparison and I cannot deny a single point. Most of us already have some of these points in our mind. But you analyzed it in much better way which is helpful for us and for new users here.
The good or ill of a man lies within his own will. – Epictetus
Fxauto trading gives you many signal providers to choose from. You can change signal providers easily and choose the best. Whereas in account management it is not that easy. No doubt, fxstat signal providing service is the best
Wow... I thought maybe you disagree on 1 or 2 points. or maybe you quote some more points. But its 100% votes in favor of fxstat
I fully agree. FxStat's AutoTrading facility is one of the bests. A way more optimized solution if you want your account be traded by a professional. Seriously a way better than directly turn to an account manager company or a signal provider.
BUT,
Risk is the same aswell. 99% of forex account managers out there won't ask for your money, the account manager company and the investor simply make a contract (known as Power Of Attorney), so the account manager company won't have a permission to funds.
Keep it simple stupid
Nice proposition and is really convinving...I can conclude that autotrading is better from what you said (but I haven't done autotrading yet)
you can also choose from different signal providers in managed accounts.
I am a hosted slave beta.
They have refused to link my account, so i cant really say much about the auto trading for now
Jesus is Lord
Originally posted by janknoah1They have refused to link my account, so i cant really say much about the auto trading for now
What does it mean? You mean u r unable to link ur account or they gave some reason for not linking account?....... hmmm maybe u should consult fxstat support.
The good or ill of a man lies within his own will. – Epictetus
Can my account still autotrade even when I am offline as long as it is not disabled? I mean even when my mt4 platform is closed?
I am a hosted slave beta.
yes, thats why is auto tarding, u are off the control of ur account
Jesus is Lord