Thread: Managed Forex accounts-good results.

It seems to me that every time one of these so called pro traders blows up the accounts it is always the trading platform that is at fault and not their lack of money management,we wont even mention any skill because i belive most of them havent got any.Just cowboys with everyone elses money and while the 2 headed cion is working in their direction they are a hero.But when faced with an about turn in which ever market they are in its the head in the sand approach. No accountability there are plenty of ways to hedge or turn around a looseing trade to lock in the loss without closeing out and retreive it later if you did not want to run a stop loss,but if you never had a game plan on how to handle that situation they just freeze up . Its like a game of chess you have to use your brain to work several moves ahead, but unlike chess you actually get more chances to fix up a stuffup if you have the know how.Every good trader knows his attention span,style and when hes ontop of his game but we all need time out to revive our spirit which day traders get 1 or 2 days a week off if their lucky,if they havent honed their system and emotions they all fail in the end. It takes time and patients to build up to tradeing 100s of contracts or open positions consistantly you always reach a comfort zone which you will settle into then if your keen to take it to the next level you plan it first and still keep your risk profile to the same level . or less. Most novice traders run for the hills when volitility goes up and come back in when the dust has settled to pick up the dregs. Anyway getting a little carried away here could write you a book ,major currency pairs will never have 1 giong to zero they will always have a range even if it is a big one Just remember Fiat globaly is actually worth nothing but the artificialy perceived value that has been attached to it . even the IRAQI currency which was artifically butchered down to about 6000 to 1 to the USD is gradually being reset this alone can drag the US out of the shit if they drag it out long enough.Ask an options trader if you can take 10 dollars out of a 2 dollar move,you do it all the time . Bankers know this all to well they go from A to B via xyz to get more millage out of it

Hello friends,
Eur is certainly on a rise after Dollar has crashed to bits.
EUR-USD : 1.4083
The Euro remains in the uptrend with the weekly trend bullish.
Any more ideas??

Originally Posted by eaglerob10

It seems to me that every time one of these so called pro traders blows up the accounts it is always the trading platform that is at fault and not their lack of money management,we wont even mention any skill because i belive most of them havent got any.Just cowboys with everyone elses money and while the 2 headed cion is working in their direction they are a hero.But when faced with an about turn in which ever market they are in its the head in the sand approach. No accountability there are plenty of ways to hedge or turn around a looseing trade to lock in the loss without closeing out and retreive it later if you did not want to run a stop loss,but if you never had a game plan on how to handle that situation they just freeze up . Its like a game of chess you have to use your brain to work several moves ahead, but unlike chess you actually get more chances to fix up a stuffup if you have the know how.Every good trader knows his attention span,style and when hes ontop of his game but we all need time out to revive our spirit which day traders get 1 or 2 days a week off if their lucky,if they havent honed their system and emotions they all fail in the end. It takes time and patients to build up to tradeing 100s of contracts or open positions consistantly you always reach a comfort zone which you will settle into then if your keen to take it to the next level you plan it first and still keep your risk profile to the same level . or less. Most novice traders run for the hills when volitility goes up and come back in when the dust has settled to pick up the dregs. Anyway getting a little carried away here could write you a book ,major currency pairs will never have 1 giong to zero they will always have a range even if it is a big one Just remember Fiat globaly is actually worth nothing but the artificialy perceived value that has been attached to it . even the IRAQI currency which was artifically butchered down to about 6000 to 1 to the USD is gradually being reset this alone can drag the US out of the shit if they drag it out long enough.Ask an options trader if you can take 10 dollars out of a 2 dollar move,you do it all the time . Bankers know this all to well they go from A to B via xyz to get more millage out of it

Hello,
Sorry to say this but this isn't true!
The company where I work with have developped a system that give high returns(10% each month) against low risk..
They can achieve this because they have a verry professional aproach towards the money managament...
The maximum drawdown is 25% of the balance.
Annyway you can check it out for yourselfs...
One picture says more than a thousand words!
You can find my emaila dres in my blog and I'll help you to set up your own demo account( for free)

Is anyone in the new fund and if so how is it going?

What do you mean with new fund?

This is what happened.

It was PLANNED from the beginning to have VanNatter Trading Inc trade our individual accounts until the Infinity Fund got the infrastructure in place.

Well , we all know what happen with VanNatteer Inc...They were let go..

The Flagship of Infinity is almost ready to go....In fact...Finex ( Brokerage Company ) recieved our Funds yesterday and trading on our accounts will begin on Monday.

The Infinity Fund is going to be a pooled account. From inside ones back office; you will be able to track your account.

They are also going to set up LPOA accounts again as well for those that have trust issues and would like to keep control of thier funds.

FXTG is the Company or Traders ( Swiss ) that will be monitoring the trading software.

So...Come this Monday 3 Dec 2007....THE ACTION BEGINS....

It has been a long wait...

Richard
[email protected]

If interested contact Me....

Mid Week Update Dec 12th 2007

Wednesday 9:30 am EST - As many of you know Tuesday’s and
Thursday’s are my conf call days with FXTG, brokerage, IT dept’s
etc.. Yesterday I spoke with FXTG about timelines on their trading
systems being in place for our group, here is what we discussed.


· The Trend system “which is the account we were tracking
through Sept – Nov” should be in place to go live on our
groups account this week. This particular system now has a
feature which FXTG refers to as counter trend The counter trend
system is in place to protect the equity during large corrective
moved and retracements inside the larger trend. Not only can
the counter trend system protect open trades, but it will also
be able to pull additional profits for us at times as well.
This allows FXTG to use a more conservative approach when trading
the larger trend.

· FXTG has been testing their version of a binary equation
for several months and final testing is now completed. They
mentioned next week going live with this system which will work
in conjunction with the trend and counter trend system. However
it will trade in different markets (pairs) This system has performed
very well in testing providing anywhere from 3% to 5% gains in
most weeks.

· They also have a EUR/GBP system that should be in
place next week at the latest. This system is one they have
used on their own money for almost 1 year now and it is very
conservative and consistent pulling them upwards to 5% every
month all year long

· FXTG also has a pivot system and a day trading system
that their development team is saying early January to go live.
(I for one will tell everyone right now when a programmer says
January and 10K cost then we will have it in February for 15K
cost J ) Either way in early 2008 for all systems GO!

· FXTG has also been trading the signals they get from
their banking contacts and they have been trading these signals
for many months with great results. So far in trading our accounts
they have only closed a very few trades and are up roughly 3%
on those trades. However there is still one trade open that is
down about 7%. As mentioned in the update on Monday once the
autotrading systems are in place this week and next we will start
seeing daily trading results. We will see trades being closed
5 to 10 to 15 every day. At this point I will be able to start
showing these daily summaries and adjusting our balances every
Friday like clockwork.

· Bottom Line is.. By the end of next week our accounts
should have 3 trading software systems set up trading. This
will make a very diverse account for us since the multi systems
use different methods and can trade in 8 to 10 pairs at once
for us. Hopefully the trend and counter trend will be live this
week so we can get trading at full speed to close this week out.
I will post a note on this progress the moment I learn more.
We do need to have a little patience right now.. I know we
have seen delays from every direction this year but we are so
close to having everything we have waited for and worked so hard
to for set up and going to work for us!


Founder agent positions. Just to let everyone know we are working
up some new agent agreements and will post these in the back
office soon. Once these are in place we will no longer be using
paypal and will be using the bank of Montreal to collect all
wires. Basically we are doing is eliminating one step, Instead
of sending agent agreement, paying with paypal, then sending
the infinity agreement, then sending a bank wire and running
in circles. Positions are still available if interested. Just drop me an email at [email protected] with 'ITG AGENT' as the subject

We are putting both agreements in one. So anyone in the process
of signing up a new founding agent now, that is fine to continue
with the current process. Just note soon the new easier process
will be posted in the Agent agreement section to make all of
our lives easier.

Richard
GSIA GROUP
[email protected]
Independent Agent ITG and FREEDOMROCKS

Hello,

I also have a managed account of 10.000 USD.
I could post every day the results but that would become a bit off a mess.
So I decided to open a blog and post all of my results in there.
Feel free to check it out...

Derrekmay - where do you have that managed account? are you the one trading? Is it not compounding? The blog was kind of a mess too :) seems to be good numbers though...

Originally Posted by businessjohan

Derrekmay - where do you have that managed account? are you the one trading? Is it not compounding? The blog was kind of a mess too :) seems to be good numbers though...

Hello,

It is an account traded by a moneymanager, if you want you can contact him directly (just send me an email and I'll give you his emailadres).
What do you mean with compouding?
Because I always count the ROI from the beginning capital.
And I'm sorry that the blog is a little bit of a mess, but I just use it to put on my results.
For me only the numbers count