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  • #21
  • Apr 1, 2012 6:14am Apr 1, 2012 6:14am
Quoting makybe05
Thanks for the replies guys. Does anyone else have any ideas how I can attract investors? Or where I could act as a signal provider in return for payment?

Pipmutt the company out of Wacker Drive in Chicago seems really interesting. Do you have any more information on this or know of anything similar?
Share your trading performance by using Performance Analytical tool such as Myfxbook.com, I believe this method will attract many investors in case you have awesome performance trading.

Anyway, in my side, open a forex account managed service is also my obsession

Good Luck,
  • #22
  • Apr 22, 2012 7:00am Apr 22, 2012 7:00am
Hi guys. I've been looking in to trading for other people a bit more closely this week. I think at this stage the easiest and most profitable way to attract business is through currensee. The others like etoro and myfxbook seem a bit more difficult to use. Does anyone have any more thoughts to add?
  • #23
  • May 4, 2012 11:49pm May 4, 2012 11:49pm
Just an update and a couple of questions for anyone that is kind enough to help out.

I'm not too sure how to proceed from here. I'm not completely convinced on the signal providers as many require you to trade using their brokers which I'm not willing to do. Currensee seems like the only worthwhile option at this stage.

I'm leaning towards trading other peoples money going forward rather than being a signal provider. So I'm thinking I need a business model, ie. a hedge fund on a 2/20 basis. What do I need to do legally to set this up?

Secondly, the million dollar question. How do I attract the investors. Do I start a website and promote myself that way? Or maybe, do I go to the bank and ask for a personal loan and show them my trading record?

My situation at this stage is that I don't have a relatively large trading account but I am doing well and could be making a whole lot more if I had more capital.
  • #24
  • May 5, 2012 4:27am May 5, 2012 4:27am
It's been a while since I looked at doing this myself but I found this link in my bookmarks.

http://www.moneyscience.com/pg/pages...g-a-forex-fund
  • #25
  • May 5, 2012 3:14pm May 5, 2012 3:14pm
Or not, as the case may be, have a look at this as well.

Bear in mind these are the Top Ten performers of this survey.
Attached File(s)
File Type: pdf CurrencyTrader0512-stl5 27.pdf   222 KB | 1,827 downloads
  • #26
  • May 5, 2012 4:01pm May 5, 2012 4:01pm
Quoting PeterFM
Or not, as the case may be, have a look at this as well.

Bear in mind these are the Top Ten performers of this survey.
Thank you Peter, may I ask where you found that pdf
  • #27
  • May 5, 2012 11:35pm May 5, 2012 11:35pm
Quoting Sim
Thank you Peter, may I ask where you found that pdf
http://www.currencytradermag.com/subscribe/index.php
  • #28
  • May 6, 2012 1:20am May 6, 2012 1:20am
PeterFM is back
  • #29
  • May 6, 2012 4:42am May 6, 2012 4:42am
Thanks for that PeterFM. Seems there is no obvious way to create a hedge fund or attract investors.
  • #30
  • May 6, 2012 5:44am May 6, 2012 5:44am
Quoting makybe05
Thanks for that PeterFM. Seems there is no obvious way to create a hedge fund or attract investors.
Nonsense (of course), but first things first...

... follow the advice given in posts 2 & 3, ie. set up a Friends & Family account with whichever of those three brokers you are comfortable with, charge 20% of quarterly profits (high water mark calculation, ie. adjusting for losing periods) & no management fee.

Two years on, if you have a good track record, you'll have no problem attracting investors. The resources are out here, but with all due respect, you do not appear ready for them.

Good luck !
  • #31
  • May 6, 2012 6:08am May 6, 2012 6:08am
Quoting jtrade
Two years on, if you have a good track record, you'll have no problem attracting investors. The resources are out here, but with all due respect, you do not appear ready for them.

Good luck !
I have already opened a managed account and am trading a small sum for a relative. There is no need for the sly backhander. I am kindly asking if anyone can point me in the direction of the resources you speak of.

The issues I am having are the following:

- In Australia, do I need to set up a company/hedge fund to go to the next level?
- If so, how do I do it?
- How do I then attract bigger investors? There is only so much I am willing to trade for with family (for obvious reasons).
  • #32
  • May 7, 2012 4:27am May 7, 2012 4:27am
Well, I'd start by contacting the Australian Securities & Investment Commission : tell them what you want to do and what, if any, licensing you might need from them now or in the future.

Then call DukasCopy in Switzerland and do the same thing concerning a PAMM account structure : they may not require that you be licensed to open one (assuming you are an Australian resident). They will at least tell you what they do require & if they are aware of any impending changes of legislation that may affect their view.

Once your account structure is set up, register to have your performace tracked at Autumn Gold & BarclayHedge. After 2 years of stellar perfomance, people will be knocking on your Australian door...

Let us know in 2 years from your Sydney waterside mansion how things are going...
  • #33
  • May 7, 2012 6:03am May 7, 2012 6:03am
Quoting jtrade
Well, I'd start by contacting the Australian Securities & Investment Commission : tell them what you want to do and what, if any, licensing you might need from them now or in the future.

Then call DukasCopy in Switzerland and do the same thing concerning a PAMM account structure : they may not require that you be licensed to open one (assuming you are an Australian resident). They will at least tell you what they do require & if they are aware of any impending changes of legislation that may affect their view.

Once your...
Thanks! Perfect answer that I've been looking for..
  • #34
  • May 9, 2012 12:56am May 9, 2012 12:56am
Just wondering if any one here has set up a fx fund in Australia? If not, does anyone have contacts who I could get in contact with and ask a few questions?
  • #35
  • May 9, 2012 10:44am May 9, 2012 10:44am
Quoting makybe05
Just wondering if any one here has set up a fx fund in Australia? If not, does anyone have contacts who I could get in contact with and ask a few questions?
Do you have google in Australia? Just kidding!

I have no contacts but this guide might help you with some other questions you might encounter.

http://richard-wilson.blogspot.de/20...age-guide.html
  • #36
  • Last Post: May 13, 2012 1:55pm May 13, 2012 1:55pm
Quoting kk007
PeterFM is back
Glad you remember me and I'm pleased to see you still active.

How's Hong Kong these days?
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