Thread: Managed Forex accounts-good results.

Originally Posted by NickP

This sounds too good to be true which means it is doesn't it? I don't really know anything about forex but 20-85% a month sounds impossible to me. Also I just googled FusionATS and a thread from a year ago came up on talkgold of all places so that has put me off a bit. I listened to that conference call and he was saying it was low risk; surely with the returns been advertised it is very high risk?

It sounds a bit fishy to me but at the same time I don't want to miss out so if there is any other info out there please post :)

Nick.

Hey Nick,

Couple things to clear up first. Although I think the conference call has bits of very good information I believe that any talk of past results has to come with a disclaimer.

The person who did these trades ( Dale ) did so with his own funds and he used a higher degree of leverage than what he'll use when trading the managed account through Fusion. For anyone who doesn't understand the effects of "leverage", as the leverage increases, so does the potential for growth AND losses. Dale will be trading our accounts with lower leverage ( at least in the beginning ) so even if he gained the exact same number of pips the actual dollars made would be smaller due to the lower leverage.

Also, the traders with Fusion will be paid 35% of the monthly profits as compensation which was NOT factored into Dale's returns. So let's suppose your account equity increased by $1000 in a given month...$350 of that would be paid to the traders. The nice thing is that their compensation is tied directly to their performance...if we don't make money, they don't make money.

I sense that you're a little apprehensive which is completely understandable, especially since you say you "don't know anything about forex".

My advice would be not to rush things. Sit on the sidelines for a few months and wait to see how Fusion performs then make your decision once we have some actual results.

If you're worried about "missing out", the only thing that's going away is the agent program. The opportunity to have Fusion trade your funds will still be there in a few months so please don't feel that it's now or never.

If this turns out to be "too good to be true, then you wouldn't have lost any money and if they turn out to be the real deal, you can still make a decision at that time to participate.

Of course it's your choice on how to proceed but don't ever feel rushed into making an investment decision.

scotty

Hi Scotty,

Thank you for the well thought out reply.

One of the reasons I thought it must be too good to be true is after playing with my calculator for 5 mins one only needs a small initial deposit and could have a million in a few years if they compounded (obviously as the amount grows I'd be more apprehensive just leaving it in my account compounding).

Am I right in thinking due to the leverage potential that forex trading offers one can loose more than they traded with? As my account will be managed I assume the worse case scenario is I loose everything in my account; I won't ever be liable to actually owe more than I have in my account? As it happpens I did open an agent account last night (GMT) as I think I might be able to earn that $495 fee back; also if this becomes popular I could earn a bit on the side too. I think I might put in a thousand or two as 'play' money which if it all goes belly up won't cause me any harm - save me sticking it into another ponzi anyway!

How did this 'Dale' become involved with FusionATS? With the returns he has been getting I assume he is a very accomplished trader which aren't a dime a dozen otherwise everyone would be earning their millions trading forex. In the conference call I believe he said that Dale only had one bad month (which was minus 1-2%) would this likely to be the norm or could he have loosing month after month; I guess you can't really say?

Thanks for your help Scotty or anyone else who replies.

Nick.

Originally Posted by NickP

Hi Scotty,

Thank you for the well thought out reply.

One of the reasons I thought it must be too good to be true is after playing with my calculator for 5 mins one only needs a small initial deposit and could have a million in a few years if they compounded (obviously as the amount grows I'd be more apprehensive just leaving it in my account compounding).

Am I right in thinking due to the leverage potential that forex trading offers one can loose more than they traded with? As my account will be managed I assume the worse case scenario is I loose everything in my account; I won't ever be liable to actually owe more than I have in my account? As it happpens I did open an agent account last night (GMT) as I think I might be able to earn that $495 fee back; also if this becomes popular I could earn a bit on the side too. I think I might put in a thousand or two as 'play' money which if it all goes belly up won't cause me any harm - save me sticking it into another ponzi anyway!

How did this 'Dale' become involved with FusionATS? With the returns he has been getting I assume he is a very accomplished trader which aren't a dime a dozen otherwise everyone would be earning their millions trading forex. In the conference call I believe he said that Dale only had one bad month (which was minus 1-2%) would this likely to be the norm or could he have loosing month after month; I guess you can't really say?

Thanks for your help Scotty or anyone else who replies.

Nick.

Hey Nick,

My suggestion would be, now that you're an agent, to get in contact directly with the person who you joined under. Their role is to be there as a resource for you and I certainly don't want to step on any toes by doing that in their place.

For what it's worth, I think you have made a very wise decision and I wish you much success in this venture!

scotty

Hi Anonymous,
Just want to add, that you can join right now as a "normal" member without having to pay the 495.- agent fee (but of course without the associated referral income). It has been mentioned previously in this thread, but I don't know, whether it has come across very clearly.
The advantage would be, that you could still fund your account with the 500 minimum, whereas later on, you would need to fund your account most probably at the 2500 level.

To join, you would need to contact an existing member directly.
Best regards
mapi

Originally Posted by anonymus

Thanks Scotty.

Im not looking to become agent in any way, just for the investment.
Your info helped :)

Thanks mate.

Originally Posted by scotty

Hey Nick,

My suggestion would be, now that you're an agent, to get in contact directly with the person who you joined under. Their role is to be there as a resource for you and I certainly don't want to step on any toes by doing that in their place.

For what it's worth, I think you have made a very wise decision and I wish you much success in this venture!

scotty

Hi again Scotty,

I signed up under a chap called Ray Marek; is he the admin of this forum?

Nick.

Originally Posted by NickP

Hi again Scotty,

I signed up under a chap called Ray Marek; is he the admin of this forum?

Nick.

That's funny, I always thought "Marek" was his first name but I would assume that this is indeed our forum admin.

Take care,

scotty

Scotty I see in that conference call link (in your sig) it states there was another call on the 15th, will a recording of that one become available?

Thanks :)

Originally Posted by NickP

Scotty I see in that conference call link (in your sig) it states there was another call on the 15th, will a recording of that one become available?

Thanks :)

I don't actually know Nick...I was sent that link through another source so I'll check back through him. The CEO ( Jason Sincyr ) was supposed to be on that call so I agree it would be a good one to hear.

cheers,

scotty

Scotty can I ask how much you have or plan to have in this?

Originally Posted by NickP

Scotty can I ask how much you have or plan to have in this?

Absolutely. I have funded my account with the absolute minimum ( $500 ) and it will stay that way until the end of my 3 month test.

If their performance doesn't live up to my expectations, I will remove their authorization to trade my account and likely withdraw my balance.

If I am comfortable with how they performed, not only will I begin introducing this to my clients but I will increase my account size substantially.

I know the gentleman running the conference call, told people that they're missing out on tremendous trading potential by starting with a lower amount and waiting, but for me it's worth the wait.

I don't feel any need to rush into things and would caution anyone else to not let greed cloud your judgement. There's nothing wrong with testing the waters at the minimum and allow the traders to EARN any future deposits.

Just my opinion.

Happy long weekend to all my fellow Canadians!

scotty