I am an investor with Instaforex broker, my initial deposit is $2000, currently the total profit is +/- $3000 or total balance is $5000 without any floating. I plan to continue developing it up to $10000. According to the Master, is my action correct or the opposite. Please advise. Thank you.
What kind of PAMM account is this?
There's nothing wrong. However, it would be good if some of you WD, set aside for those in need. If you WD from your Deposit, then you are already BEP. This means that if there are losses to be incurred, you won't really Lose, because the losses are only taken from the profits you earn. Re-invest your deposit elsewhere. Remember the saying, don't put all your eggs in one basket
Thanks
To M. Nasir,
That depends on your trading plan or investment portfolio. If you are a risk taker and intend to continue growing your existing assets, then that is perfectly acceptable.
There are also those who plan to withdraw all profits once they have reached ROI (Return on Investment) or when they have recovered their capital and left the remaining capital. That way, even if something undesirable happens and you experience a loss, your capital remains safe because the previous profits have been withdrawn.
However, the most important thing is that in this forex market which is full of risks, money management and fund security are paramount. Therefore, most professional traders or investors strongly discourage continuously investing (compounding) without securing assets (read: withdrawal).
Hopefully this helps.