Greetings. I appears that after that beating they took last year, GalleonFX have gotten up, dusted themselves, and are ready to being trading again. Personally I am not ready to trust them again so I won’t be reopening my account with them. Of course though I’m not telling you what to do - make up […]
This is a short and to the point posting to let you all know that I just recently closed my FXCM Sentiment Aggressive managed forex account. The drawdown level is way too much than I can bear at this point. I’ve learned my lesson from the GalleonFX debacle I went through (total drawdown on that […]
It’s been a while since I closed my GalleonFX managed forex account, but once in a while I still visit their website out of curiosity to see how they’re performing. I was greeted with yet another huge drawdown figure. Check this out:
July 2008
EUR -24.8%
USD -24.0%
gross returns
Ouch!
Here is how GalleonFX staff rationalize yet another huge […]
FXCM just released the July 2008 edition of their monthly managed accounts review. I posted all the details in an entry at my other blog (Alan’s Money Blog).
Click here to read the full report…
Greetings fellow Forex traders. Today I’m going to introduce you to FXCM’s Dynamic Multi-Strategy Managed Forex Account. FXCM describes this managed account as such:
“The Dynamic Multi-Strategy Program takes an active approach to managing the multiple components contained within its portfolio. By constantly evaluating market conditions to determine which components would have an above average chance […]
GalleonFX managed to score another loss yet again. As you can see from the performance results below June 2008 is a losing month for GalleonFX.
June 2008
EUR -1.32%
USD -1.53%
gross returns
I closed my Galleon FX account last month so I just want to let you folks know that I will no longer […]
I just got word that Andrew Vorobyov from VAGroup (Managed Forex Accounts provider) has decided to reopen their “Dynamix” Fund at Oanda. I exited out of this managed account when he closed the Dynamix Fund, but I may consider getting back in - we shall see.
About the strategy:
“As usual capital protection is primary objective so […]
It’s been a really long time since I last posted regarding the performance of my test FXCM Sentiment Aggressive Fund managed forex account. Well it’s now been 6 months since I joined and I must say that I am not at all impressed with this managed account’s performance so far. I started with $100 and […]
