The social trading at another level

I am sure you all know what a PAMM account is. Let me explain you then the difference between TradingFloorFx and a PAMM account (beside the fact that TradingFloorFx is not a broker to provide such accounts).
Let’s assume there are 10 traders and each one of them have 100$ capital. On a PAMM account these traders are attaching their money to a specific money manager. The money manager will have a 1000$ trading account and he will be the only one to trade the money.
In the TradingFloorFx system, these 10 traders merge their money into one single account, with a bigger value, but THEY also ARE THE ONE who trades the money, following some rules. The FUND’s MANAGER role is only as a supervisor. His job is to control that the rules are respected by every trader as also he has an administration role. However, he has not the full responsibility for the profits or losses as in case of a PAMM account. What are the benefits of this system?
The traders are not quitting at the pleasure of trading by letting someone else to trade their money and in the same time, they are not “playing” with 100$ account but have the possibility to use and trade bigger accounts as in the case of the Golden Dawn Fund, as big as 10000$. And they can do it with as low as 10$ deposit.

[highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif]No doubt trading on demo before going on real money could help any newbie to get familiar with the Forex Trading but I have seen so many times traders doing great on demo and losing money when they switch to the real account. Why's that? One thing that the demo account will never offer you are the emotions. The emotions will drive you nuts when you are trading on real money. It's well known that emotions as greed, hope, fear and some others are pushing the trader to act irrational when they are trading real money. Do not underestimate the emotions. Another thing that the demo account will never push a trader to do is the over-trading. Once you cashed your profits on a demo, there will never be that shadow force to push you to enter another trade and another because you feel you really can beat the market this time. Only that the market is taking back all the profits you made and something extra. Yes, trading on demo is a good approach but until you will not blow up 1-2-3 trading accounts with real money in it you will never know what trading really means.[/highlight]

[highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif]I am trying to create an environment where newbies can trade with real money so they can feel the greed, the fear or the hope but in the same time to limit their losses. I think it can be done. As crazy it may sound, I created an environment where with only 10$ invested, the newbies can place 1 lot size trades and to apply a 2% risk management. Seeing how ur trade brings 500$ profit on 50 pips move is not the same feeling as you have when you see 5000$ but on a demo account. Some people said that my system could work and that was a great idea and some other says that no way such a system will ever work. I leave it to you to judge it and express your own opinion. If someone is interested please visit tradingfloorfx.com[/highlight]

Did you ever had the possibility to place trades using a 10000$ capital but only making a deposit of 10$?
Did you ever had the possibility to be part of a team who trades Forex,Commodities, Futures, Indexes and Stocks splitting the risk but increasing the profits?
If you want to be part of that team please visit http://www.tradingfloorfx.com and join us!
The "seats" are limited. Reserve one for you right now before it's too late.

Contest

Visit www.tradingfloorfx.com and place your NFP number

Later today, at 13:30 GMT we will have the NFP release. Place your NFP number in the comment box and the person who will place the closest value to the release will win 1 UNIT of the Golden Dawn Fund and become a member of this community.
The previous NFP was 74K and the expectation for today is 185K. What is your number?

The winner of Tradingfloorfx contest is Vali who predicted 120k NFP. He was the closest from all participants with only 7k more than the release. Congratulations Vali !

Did you ever asked yourself what are the real causes for having 95% of the retail traders loosing money by trading Forex and only 5% making money? I did. So many times. And I found out that there are many causes and a few applies to some traders while some other causes to other traders. But I selected the most common:

1. Trading small accounts as 100$ or less. By trading small accounts you have to use higher leverage and by doing that you only need 2-3 trades for the market to go against you and your account will be zero. I think the main reason while traders are "playing" on such small trading accounts is because they are afraid to loose their money or simply because they can not afford a bigger one.
2. Emotions: greed, fear, hope and other emotions are pushing traders to take irrational decisions which can cause them losses or booking only small profits while their initial take profit order were larger.
3. Over-trading: so many times happens to be over-confident after a series of good trades and instead of taking a break we go for another trade and another and one more.....only that this time we are loosing money....we are loosing the profits we made just a few hours earlier
4. Not having a trading plan or having one but not respecting it. Why do you think traders working for hedge funds have better results? Because they have to stick to the rules. Either they like it or not.
5. Following the wrong mentor: the social trading gains more and more ground lately but traders are just throwing themselves in the profits euphoria and start following and trade as the "smartest guy in the room". But this does not mean they are following the right person. If the smartest guy in the room has a 10000$ account and you have 100$ one you will never afford to have the same stop loss orders as he has and you are forced to place them tighter which could cause a SL trigger for you, but not for him.

If you don't feel prepared to make a larger deposit in your trading account, if you can't control your emotions, if you can't stop trading after a series of good trades, if you don't have a trading plan and if you like the social trading you should join TradingFloorFx.

I believe TradingFloorFx takes the social trading at another level: you are not following anyone to copy his trades but you are a member of a trading team who uses a 10000$ trading account. You exchange ideas, charts and your plans but in the same time you will place trades and make profits while the other members of the team will look after you. When you will not trade, you will look at how your colleagues are trading. If you are good, you will be rewarded with more trades to place and even with a trading fund to manage if you are the best in your team. Visit TradingFloorFx and see yourself. Join the team. Let's take the social trading at another level.

The first Trading Fund of TradingFloorFx will be launched at 01.03.2014 and we will start to trade even if by that time we will still have UNITS available. Traders can join us by 28.02.2014 with as little as 10$/UNIT. Starting 01.03.2014 the value for 1 UNIT will be 40$. Visit http://www.tradingfloorfx.com for more details.

Today 17.02.2014 I deposited from my own funds the 2500$ capital and openthe Golden Dawn Fund. The Fund is now active, with the initial balance of10000$ available to be traded, as described previously. For those of youwho did not subscribed for the units yet, you still have time till 28.02.2014.Until 28.02.2014 the value of 1 UNIT will be 10$ but starting with ourfirst day of trading - 01.03.2014 - who wants to join us will have to pay40$/unit.I decided to start trading the GDF even if I will not place all the unitsby that date. The process is taking longer than I expected and I am notwilling to wait longer. We will start to trade the fund at 01.03.2014 withthe members we will have at that date. I am sure we will have morerequests to join us after we actually start to trade. Many traders do notknow me or what I created and is normal to show a lack of trust at thispoint but I am sure the things will change after they will see how real isthis project.Please visit http://www.tradingfloorfx.com/?page_id=45 and see yourselfthe 10000$ trading account and the changes I made to the website structure.I look forward to start trading this first fund, together with you.

Only 4 days left to join TradingFloorFx's first trading fund of 10000$. The Golden Dawn Fund will start to be traded on 01.03.2014. Many traders from around the world already joined us and are anxious to start trading. One Fund Unit which gives you the right to trade the 10000$ fund is only 10$ until 28.02.2014. Starting 01.03.2014 you can still join us but the value if 1 Unit will be 40$. Instead of copying traders on different trading rooms you can actually trade together with them, the same money, bringing your own contribution to the value of the fund. At the end of the year we will split the profits. If you have questions please ask me. I will be happy to answer you.