How to trade for or cooperate with a forex hedge fund? | Forex Factory

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How to trade for or cooperate with a forex hedge fund?

  • #1
  • First Post: Aug 4, 2009 10:09pm Aug 4, 2009 10:09pm
Hi, folks. I am an experienced forex trader. After many years hard working，I have made the preparation to be a fulltime trader now.

Today, I am seriously considering to take trading forex as my career. Obviously, to start a hedge fund is an ideal way for my trading career. But considering the current situation, to work for or cooperate with a well regulated forex hedge fund will be more pratical for me. So my questions are：

1, Is there any well regulated forex hedge fund in the world nowadays?

2, If the answer for the above question is YES, then is there any opportunity to work for or cooperate with those regulated forex hedge funds?

3, If those opportunities do exsit, then how to find it?

Any comment is welcome and will be appreciated.
  • #2
  • Aug 5, 2009 1:16am Aug 5, 2009 1:16am
Might I first suggest that you actually do it full time & make a living at it before planning to join a hedge fund.

They're not going to consider you for more than a second without some kind of degree unless you are a superstar trader with long term proven results.

Why work for a hedge fund anyways-if you're good enough to make a living at it,they aren't going to pay you more than what you could make on your own.

Stay at home,set your own hours,live where you like-instead of being under immense pressure to produce and make $$$$ for others and get fed the scraps that fall on the floor.
The harder I work,the luckier I get.
  • #3
  • Aug 5, 2009 1:51am Aug 5, 2009 1:51am
Quoting Skippy
Why work for a hedge fund anyways-if you're good enough to make a living at it,they aren't going to pay you more than what you could make on your own.

Stay at home,set your own hours,live where you like-instead of being under immense pressure to produce and make $$$$ for others and get fed the scraps that fall on the floor.

yeah, why go and work for someone else when you can make it on your own??? you r going in the opposite way, when the majority of ff members wants to go in yours. all the reasons that attracted people to trade fx. is because we want to break free from our jobs. freedom to do what we want. no boss, no nothing on our backs.

i'm guessing that you may be young or heard from people about the millions. that people make as traders and the glamour that comes with it. becoming a hotshot trader maybe what u had in mind. you may think that there is no pressure trading other people's money.

but if you're trading for a fund. then performance is all that counts. like every other job. the pressure to perform is always there. thanks
  • #4
  • Aug 5, 2009 2:10am Aug 5, 2009 2:10am
Why not Start your own. Start small and build big
Time hides Nothing
  • #5
  • Aug 5, 2009 2:15am Aug 5, 2009 2:15am
Hi DragonGate,

I would like to provide you a smart advice that, never give up your existing job unless you are fine with your new business progress. And by the time you feel that my business is going fine, then you decide to resign your job. In this way there is no risk incurred either of the way.

Regards,
Conancare
  • #6
  • Aug 5, 2009 2:47am Aug 5, 2009 2:47am
Thanks for all of your replies.

Here I'd like to say something more.

My past experience has convinced me to trade on a full-time basis.

Gerneral speaking, I am not trying to be a fulltime trader, the fact is that I can be a fulltime trader now.

Of course, I think I will be more happy to trade forex at my comfortable and well equipped trading studio than in a company's office. But in the long run, for better using my ability and trading skills, I think to trade for or cooperate with a fund is not a bad idea for me now. At least it will be better than just trading my own capital. Because one person's capital is limited. What's more, I can also learn how to manage a fund by doing that.

Any comment is still welcome.
  • #7
  • Aug 5, 2009 3:10am Aug 5, 2009 3:10am
Quoting CindyXXXX
Why not Start your own. Start small and build big
Ha, that's what I hope to do in the future.

But it's not quite practical for me at present.

Mainly for the following 3 reasons:

1, I know little about the related regulation and laws to start a fund so far.

2, I don't have any experience on working for or managing a fund company.

3, The most important thing is...where are my investors/clients?

Thanks for replying.
  • #8
  • Aug 5, 2009 3:56am Aug 5, 2009 3:56am
you should check fund's list like barclayhedge , find one in currency sector, and probably start mailing them your result...
To Live is the rarest thing in the world , Most people exist , that is all
  • #9
  • Aug 5, 2009 4:17am Aug 5, 2009 4:17am
Quoting DragonGate
Ha, that's what I hope to do in the future.

But it's not quite practical for me at present.

Mainly for the following 3 reasons:

1, I know little about the related regulation and laws to start a fund so far.

2, I don't have any experience on working for or managing a fund company.

3, The most important thing is...where are my investors/clients?

Thanks for replying.
Well I guess all funds have to start somewhere and all fund managers once would have been in your shoes too.

The only difference between those that have and those that haven't is one did and one didn't...

At the end of the day is quite a simple thing - you make money for clients.

I'm not speaking form any experience in this sort of thing just giving my thoughts

Why not start small as I said and start with one client and you - then expand until you are training/recruiting other traders to manage your increased client list.

then if you run into any trouble at the start - the impact will be minimal as its lless money and people at risk.

Just a thought

But having said all that I think you're right in your thinking that getting experience in an already established venture would be invaluable - for obvious reasons. If thats not an option then why not start your own.
Time hides Nothing
  • #10
  • Edited 5:25am Aug 5, 2009 5:24am | Edited 5:25am
Quoting DragonGate
Ha, that's what I hope to do in the future.

But it's not quite practical for me at present.

Mainly for the following 3 reasons:

1, I know little about the related regulation and laws to start a fund so far.

2, I don't have any experience on working for or managing a fund company.

3, The most important thing is...where are my investors/clients?

Thanks for replying.
Hi Dragongate
FF is a great source of information from experienced traders.Take a look at this thread and the blog at the bottom of the first entry. I would recommend joining one of his groups, if there's room. good luck
http://www.forexfactory.com/t/27286/...-pain-581.html
  • #11
  • Aug 5, 2009 9:41pm Aug 5, 2009 9:41pm
Quoting CindyXXXX
Well I guess all funds have to start somewhere and all fund managers once would have been in your shoes too.

The only difference between those that have and those that haven't is one did and one didn't...

At the end of the day is quite a simple thing - you make money for clients.

I'm not speaking form any experience in this sort of thing just giving my thoughts

Why not start small as I said and start with one client and you - then expand until you are training/recruiting other traders to manage your increased...
Thanks for your suggestion, I will consider about that.
  • #12
  • Aug 5, 2009 9:48pm Aug 5, 2009 9:48pm
It seems still nobody has answered the question I raised at the beginning: Is there any well regulated forex hedge fund in the world nowadays? If the answer is YES, please give me some names, thanks.
  • #13
  • Aug 7, 2009 4:55am Aug 7, 2009 4:55am
Hi, everyone. Thanks for the help of some friends, I have gotten some useful information about "how to start a forex hedge fund" now. I am not quite sure if it is allowed to post links from other websites here. So if somebody also has an interest in that, please send me a PM. I will be willing to share these information with you.

Recently, I also noticed that there are many other forms of business can be considered for a professional trader, except working for a fund or starting a fund. (But frankly speaking, I don't have much interest to increase my income by educating other people how to trade. That's simply because I focus on trading not educating. ) In order to make a good decision, I think I'd better check every possible way.
  • #14
  • Aug 9, 2009 9:08pm Aug 9, 2009 9:08pm
Quoting Timebandit
Hi Dragongate
FF is a great source of information from experienced traders.Take a look at this thread and the blog at the bottom of the first entry. I would recommend joining one of his groups, if there's room. good luck
http://www.forexfactory.com/t/27286/...-pain-581.html

I've noticed that some people on the forum are PROMOTING the so called "mentoring service" in a direct or indirect way now. But sorry to say, I have no interest in that.
  • #15
  • Aug 9, 2009 10:42pm Aug 9, 2009 10:42pm
Quoting DragonGate
Thanks for all of your replies.

Here I'd like to say something more.

My past experience has convinced me to trade on a full-time basis.

Gerneral speaking, I am not trying to be a fulltime trader, the fact is that I can be a fulltime trader now.

Of course, I think I will be more happy to trade forex at my comfortable and well equipped trading studio than in a company's office. But in the long run, for better using my ability and trading skills, I think to trade for or cooperate with a fund is not a bad idea for me now. At least...
Prove you can trade.

6 months of positive results and people will give you money.

m
  • #16
  • Aug 10, 2009 9:10pm Aug 10, 2009 9:10pm
Quoting acumen
Prove you can trade.

6 months of positive results and people will give you money.

m

Hi,acumen. I am afraid 6 months is still not long enough.

By the way, nowadays it's easy for some people to fake a perfect record and post it on the forum. So a good record may not be so useful here.

But thank you for reminding, I do hope to find some ways to build up my reputation.
  • #17
  • Aug 10, 2009 9:16pm Aug 10, 2009 9:16pm
Quoting DragonGate
Hi,acumen. I am afraid 6 months is still not long enough.

By the way, nowadays it's easy for some people to fake a perfect record and post it on the forum. So a good record may not be so useful here.

But thank you for reminding, I do hope to find some ways to build up my reputation.
Not if they are a big enough fund.

If I want you to trade for me I'll net meeting you... watch you trade a live account and phone your broker during our session to confirm orders.

You ain't getting around that.

m
  • #18
  • Aug 11, 2009 10:05pm Aug 11, 2009 10:05pm
Quoting acumen
Not if they are a big enough fund.

If I want you to trade for me I'll net meeting you... watch you trade a live account and phone your broker during our session to confirm orders.

You ain't getting around that.

m

Generally speaking, I don't care what people will do to make themselves satisfied. But I think I also have the right to choose whom to cooperate with.

It's a bit early to talk about that topic for me. So here I just hope to get more information about those existing forex hedge funds.

Any useful feedback will be appreciated.
  • #19
  • Aug 13, 2009 4:18pm Aug 13, 2009 4:18pm
Quoting acumen
Prove you can trade.

6 months of positive results and people will give you money.

m
In addition they should also have posted a few trades to www.stocktwits.com
  • #20
  • Last Post: Aug 15, 2009 11:01am Aug 15, 2009 11:01am
Quoting DragonGate
I've noticed that some people on the forum are PROMOTING the so called "mentoring service" in a direct or indirect way now. But sorry to say, I have no interest in that.

If you read Jacko's blog you'll know that a number of his group have become full time traders for large investment banks. I thought you wanted to follow that route. I wasn't promoting, just trying to help....
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