How long a trading record does a trader need to have for you to consider following them?
Out of interest just how long do you guys ned to see verified stats for? Are you happy with 3 months of massive gains to follow, or do you need more? I find myself looking at stats for anything 1 year +, and tend to ignore anything that has run underneath, no matter what the stats are.
Well, more successful historical data means more reliabile provider. So I will sort according to No. of months and then compare each one with others. I may choose a trader with at least 9 month trading history having 10% DD and 5% to 10% monthly gain over a trader 1+ year historical data having same gain but 30% DD.
Similarly it also depends on strategy. I will never go for martingale trader whatever his gain is.
The good or ill of a man lies within his own will. – Epictetus
Yes Martingale, averaging down trades avoided at all costs - usually a long history weeds them out because they suffer a dd after a sudden long trend by the market (happens every few months).
We have to try again and again till we succeed over here in this business forex trading and i am just making my strategy by struggling hard on this business forex trading and demo account.