Ross

This bugger is down for almost -%20. I get the feeling that there is no one that actually does any analysis befor trade packkage selection and execution. They enter trades in the worst possible moments in the market with many pairs in reverse direction to the market trend. I can not help it to think that FXCM is only after placing as many trade as possible for commission and spreads. I will close account as soon as -%25 is hit or break even point.

Good luck.
Ross.

allinvain

Hmm, yes I'm really surprised it went down so much. You'd think with the EURO soaring like an eagle FXCM would be able to capture some massive gains. Afer all, I'm pretty sure the "sentiment" sentiment of all traders was short on the dollar. I just checked and my account is sitting at $807 - 20% drawdown.

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NelsonN

Allin, how's your account doing these days?

I am thinking about opening a Forex managed account myself. Started looking into GalleonFX but looks like I should go with FXCM.

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allinvain

Yeah GalleonFX is stuck in a drawdown ditch right now. As for FXCM Sentiment, they're not doing so spectacular either.

Jan Feb
-3.86% -15.71%

Not too cool.

You know that FXCM has two new managed accounts, right? I wrote a posting on my blog about them. They call them their "short-term opportunity" funds, or something like that.

If you're looking for something with very little drawdown send me a PM as I'm working with the CEO of an established managed account provider to bring in an institutional grade managed account - we're talking good performance with very minimal drawdown.

btw, also you may wish to consider these guys:

Managed Forex Accounts

or

POWER FOREX - Next Generation Managed Forex Systems!

The link above is the website of the company I'm working with. The new account will be called the IPAM Platinum. There are no details on the website as we are still trying to launch the thing and so far we need clients who are willing to provide the initial capital for the traders managing the accounts.

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