FX Manager Update

Forex Risk Disclosure Statement

Forex (FX) trading carries a high level of risk and is not suitable for all investors. Forex can be traded with a high degree of leverage, which can work for you as well as against you, and it is possible to loss more than you invest. You should only invest funds that you can afford to lose and do not need to support yourself or your family. You should carefully consider all risks involved with forex trading as well as your financial situation, investment objectives, and risk tolerance before investing. Forex is traded over-the-counter (OTC) and not on a regulated Exchange.
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Data obtained and discussed on this blog is from sources believed to be reliable. The accuracy, completeness, timeliness or correct sequencing of the information, however, is not guaranteed by CurrencyCTAs. This is not a solicitation or an offer. Prospective clients interested in opening an account, giving power of attorney to any of the discussed programs must first obtain that advisor's most recent disclosure documentation.

Past performance is not necessarily indicative of future results.

By admin • May 1st, 2008 • Category: 007, Bankedge, CBM, Devrim, ForexMx, HVB, Mcelhaney, PR Program

Been slacking on the posts lately - lot going on.

As always Phil and Ian getting going. Ian has logins and such and has the green light - the sales fee is waived for now for clients, will be adding fees fairly soon depending on performance, so good time to get in. Phil should be starting soon too but I expect a couple more days on him. PFG to start for both. I like them both as we will know pretty quick with low relative drawdowns if they’re for real.

New month so Devrim may start trading anytime.

HVB en fuego, up nearly 4% today, nice way to start a new month.

Lunched and met with the top two guys at ADM’s Derivatives FX division, like them a bunch, seems like a terrific operation, we’ll see how that relationship goes. Low fees. Also Fimat/Newedge London going well, spoke with them this morning as well, pretty excited about a solid bank relationship. Really low fees.

Had word from our old friend who used to make money nearly every day - will be chatting with him Monday, he has a new program coming out, numbers look stellar. Have a good comfort level with him as he’s made us great money in the past. Looking forward to that call.

007 finishes the month up 1.75%, a far cry from its track record but still nice to see a positive month.

Bankedge STILL waiting for an AUD break but making money on other trades. CBM haven’t heard but I believe the month was very ugly for them. ForexMx ends the month off over 2%, first two month losing streak ever according to their track record.

Mcelhannon had a good month. Folks love listening to him and his webinars, so much experience. Retail program up solid on the month though we can’t verify that yet.

SPCM down some on the month - 2 in a row for them too.

Off to Jazzfest in N’Awlins tomorrow afternoon for a bachelor party with my sailboat racing buds - should be a great time. Get to see my friend Jimmy Buffett amongst many others play live.

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