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  1. #1
    Rookie Member

    Trading with a senior account manager - The truth they don't want you to know !!!

    Hello everyone.

    I've been doing a video about the inner workings of most brokers. As someone who has worked there for a month as an account manager I think it is important for all you traders to know the truth and never ever let anyone from the broker's side make trades for you.

    https://www.youtube.com/watch?v=Be9vzLoJXew

    Enjoy and please share this truth.

  2. #2
    Junior Member KarrathaMick's Avatar
    Thanks for the video priimo, wish I had seen this a year ago, sounds like you worked for banc de binary, they have the exact same approach, they treat their customers with utter contempt, message is don't trust them.

  3. #3
    Legendry Member Okane's Avatar
    Unfortunately this is true. But then again, salesmen are everywhere.
    No matter if you are going to buy a car, house or whatever there are
    always salesmen and they'll all try to make more money off of you.
    In tis case they are called "account manager" because it sounds better.
    All you need to know is that an account manager is equal to a salesmen and
    they'll do whatever it takes to make you deposit more.
    So long as you keep this knowledge in mind and you are with a regulated broker you'll be fine.
    As priimo says in the video, get educated by learning from other traders, like here on CT/BOTS for example.
    Learn what to avoid and how to become successful. We don't have anything to gain by making you lose money and
    that's the difference between an account manager and a reliable source!
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  4. #4
    Junior Member Vast Horizons's Avatar
    Very interesting video. Thanks for posting. I especially like that you are posting what seems to be an insider view of common sales practice (not scamming, but selling... it is a reality in any biz) but without slamming the BO industry as a whole. But the tips are appreciated. I am new to this biz, and, as a newbie, I surely want my expectations to be fulfilled, which could mean I am naive enough to buy a piece of shit that has been sugar-powdered as a snickers.....

  5. #5
    Administrator Martin Kay's Avatar
    thanks for the vid.

    If you ask me - never let your broker trade for you. At least not at this point of time. What I mean is, let's assume the broker offers you a managed account with 1-10% ROI per month but the broker also warns you that there might be loss of 1-5%. Now that's fair! It's good for the broker - after all they have your money now to pay for other clients wins, and it's good for the trader - better ROI than most banks I know. This is what I call a fair business, but it seems like brokers fail to understand they can actually make more money and make better business if they play by fair rules. That's why we have regulators - to make the business fair! back to where I started, at this point of time, I haven't failed to see any real evidence of a successful managed account. That said, im sure some brokers are doing it right, but we can't be sure before we get a real genuine opinions from a trader who is holding a profitable managed account
    “Don't believe anything you read on the net. Except this. Well, including this, I suppose.” ― Douglas Adams

  6. #6
    Junior Member Ahmad's Avatar
    I found this video interesting and it tickles me a lot LOL. When i was registering myself to Opteck,i fund my money and let the "senior broker" to make decision to open trades via phone and i believe im gonna win and rich at the end of the day HAHA! we make money when you make money and i believe that too LOL!

    like Martin said they can actually make more money for the long run as they ask us to do the same but it seems like they want to get rich at the end of the day but what their get is scam popularity

    https://www.youtube.com/watch?v=vx6ubQ6jdmc
    where can i find her? haha
    Last edited by Ahmad; 10-16-2014 at 03:24 AM.

  7. #7
    Specialist Member runneroption's Avatar
    You should never trust brokers completely. That’s my simple opinion.

  8. #8
    Veteran Member Optionguy's Avatar
    No pro trader will give money for some money manager to trade. If he does that, he is not a real trader in a true sense of the word. Traders trade themselves. Of course, if you fail to make money year after a year, maybe it would be a good idea to invest your money with somebody else. But you need a lot of money to expect a good return.

  9. #9
    Legendry Member willyw's Avatar
    Quote Originally Posted by Optionguy View Post
    No pro trader will give money for some money manager to trade. If he does that, he is not a real trader in a true sense of the word. Traders trade themselves. Of course, if you fail to make money year after a year, maybe it would be a good idea to invest your money with somebody else. But you need a lot of money to expect a good return.
    That's very, very truth!!!!

  10. #10
    Moderator Kolyo's Avatar
    Very interesting video! And very true. Still, if you don’t trust anyone but yourself with your money – you are more likely to succeed. And if you don’t succeed – at least you know who to blame.
    "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder

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