my friend receive an email from this group and it looks interesting. does anyone have knowledge about this group or any experience with this group? the offer is just too good to be true. here is the email:
The FXWolfPack team is a private equity fund dedicated to trade spot markets, mainly FOREX. The fund is traded by several low risk profile strategies and multiple traders are managing separate accounts to minimize risk systematically.
Latest technologies such as automated strategies are used too, but our approach is significantly different from the usual ways to operate automated strategies. Our strategies are supported by robots to maintain more consistant results amongst different traders and prevent trades from unnecessary losses. It keeps up a certain heartbeat and ensures a constant ongoing trading profile on the accounts. It is also possible to also trade your own strategies.
I am constantly on the look out for talented traders to join our team.
To be accepted to join our team we put each of our Traders through a certain trial process before we allow them to trade with client accounts. You will still have the opportunity to earn money during the trial process. We work in Stages and each Stage will last for 20 trading days.
Normally we work like this:
Stage 1:
As a new candidate either the trader gets one of our systems to trade, he/she will be fully educated, or the trader uses his own system. A $10000 demo account will be given to trade. Together we make a trading plan which defines the goals for daily and 20 days. You are given a Trading Plan spreadsheet to complete to help with this.
You will receive 15% of any profits that you make on the demo account.
Example:
A 30% gain is made on the account at the end of the 20day period
30% of $10000 = $3000
15% of $3000 = $450 payment to the Trader
After 20 days we make the decision whether to continue to the next stage.
Stage 2:
During the second period the trader is given a real-money account of $1000. The account will offer microlots and a leverage of 1:400. During this period we are limiting our risk but to allow for the new Trader to achieve decent returns for his efforts then we will scale the account up as if it were a $10000 account. We will multiply the profits achieved by 10.
Example :
A 40% gain is made on the account at the end of the 20 day period
40% of $1000 = $400
15% of $400 = $60
$60 x 10 = $600 payment to the Trader
After 20 days we make the decision whether to continue to the next stage.
Stage 3:
We now decide how to increase account size. It all depends on how well it is working as a team. Depending on strategy requirements and psychological level the trader will be given a much larger account, $20k, $40k, $60k and $100k are possible. We understand that it is not easy to control your emotions if the amount of money is too much at once.
During this stage profit sharing continues 15% Trader, 15% the Team and 70% the Investor.
We will continually look at the strategy you are trading and decide whether to continue with it or to change the system. This also depends very much on market conditions.
Sometimes we do not have a good system to suit the market conditions and we agree not to trade for a period.
Does this sound like something that you would be interested in ? If you would like to be considered for joining us I would like to learn something about you and your trading experience. I would also like to hear about your goals and expectations. There are many qualities necessary for successful trading, what do you believe to be your talents in trading?
Do you have any real-account trading experience? It is not a precondition to work with us, but important to know for defining psychological levels. Trading other people’s money is a third level of pressure.
It would be good if you could shortly describe what you have tried up to now (trading history only) and how happy you are with your current system. If you have any trading account statements, real or demo, that would be most helpful.
Please answer conservatively so that we don’t take the wrong route and so we can find the best situation for you. We want to make sure that you start with the right level of pressure for your experience.
Please also give me some personal details about yourself, your nationality, country of residence and age. Please complete this link
https://spreadsheets.google.com/viewform?hl=en_GB&formkey=dDg5VGk0RDZDNXJZUVdkdXhNZERNaUE6MQ#gid=0
Looking forward to hearing back from you !
Friendly regards
Kim Ali Khan
General Manager
Fxwolfpack Investment Group
The FXWolfPack team is a private equity fund dedicated to trade spot markets, mainly FOREX. The fund is traded by several low risk profile strategies and multiple traders are managing separate accounts to minimize risk systematically.
Latest technologies such as automated strategies are used too, but our approach is significantly different from the usual ways to operate automated strategies. Our strategies are supported by robots to maintain more consistant results amongst different traders and prevent trades from unnecessary losses. It keeps up a certain heartbeat and ensures a constant ongoing trading profile on the accounts. It is also possible to also trade your own strategies.
I am constantly on the look out for talented traders to join our team.
To be accepted to join our team we put each of our Traders through a certain trial process before we allow them to trade with client accounts. You will still have the opportunity to earn money during the trial process. We work in Stages and each Stage will last for 20 trading days.
Normally we work like this:
Stage 1:
As a new candidate either the trader gets one of our systems to trade, he/she will be fully educated, or the trader uses his own system. A $10000 demo account will be given to trade. Together we make a trading plan which defines the goals for daily and 20 days. You are given a Trading Plan spreadsheet to complete to help with this.
You will receive 15% of any profits that you make on the demo account.
Example:
A 30% gain is made on the account at the end of the 20day period
30% of $10000 = $3000
15% of $3000 = $450 payment to the Trader
After 20 days we make the decision whether to continue to the next stage.
Stage 2:
During the second period the trader is given a real-money account of $1000. The account will offer microlots and a leverage of 1:400. During this period we are limiting our risk but to allow for the new Trader to achieve decent returns for his efforts then we will scale the account up as if it were a $10000 account. We will multiply the profits achieved by 10.
Example :
A 40% gain is made on the account at the end of the 20 day period
40% of $1000 = $400
15% of $400 = $60
$60 x 10 = $600 payment to the Trader
After 20 days we make the decision whether to continue to the next stage.
Stage 3:
We now decide how to increase account size. It all depends on how well it is working as a team. Depending on strategy requirements and psychological level the trader will be given a much larger account, $20k, $40k, $60k and $100k are possible. We understand that it is not easy to control your emotions if the amount of money is too much at once.
During this stage profit sharing continues 15% Trader, 15% the Team and 70% the Investor.
We will continually look at the strategy you are trading and decide whether to continue with it or to change the system. This also depends very much on market conditions.
Sometimes we do not have a good system to suit the market conditions and we agree not to trade for a period.
Does this sound like something that you would be interested in ? If you would like to be considered for joining us I would like to learn something about you and your trading experience. I would also like to hear about your goals and expectations. There are many qualities necessary for successful trading, what do you believe to be your talents in trading?
Do you have any real-account trading experience? It is not a precondition to work with us, but important to know for defining psychological levels. Trading other people’s money is a third level of pressure.
It would be good if you could shortly describe what you have tried up to now (trading history only) and how happy you are with your current system. If you have any trading account statements, real or demo, that would be most helpful.
Please answer conservatively so that we don’t take the wrong route and so we can find the best situation for you. We want to make sure that you start with the right level of pressure for your experience.
Please also give me some personal details about yourself, your nationality, country of residence and age. Please complete this link
https://spreadsheets.google.com/viewform?hl=en_GB&formkey=dDg5VGk0RDZDNXJZUVdkdXhNZERNaUE6MQ#gid=0
Looking forward to hearing back from you !
Friendly regards
Kim Ali Khan
General Manager
Fxwolfpack Investment Group
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