New FX traders

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 lose 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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By admin • Feb 5th, 2008 • Category: Devrim, ForexMx, HVB, Jim, PR Program, PTI, Paskewitz, SPCM, Zone

Working out deals and getting this slew of new guys trading. Doing additional due diligence and in some cases actually watching and listening to trading banter and logic behind decisions. Phil is very impressive and we’ve just about decided on a borkerage to focus on that suits them. Just will have to be patient until April 1st when he is ready to go. Looking at another fellow named Jim, spoke with him last week, numbers look good. Risk control is good and statements are impressive. Also working on getting him a firm he is comfortable with. Considering a trip to England to meet with all these guys. Worked to get SPCM running much of the day, we’ll get it worked out, are also waiting on the major bank who gave them their first allocation to do their part.

Devrim up a bit at his home firm, no trade at PFG. HVB up on the day, 2.5% or so putting the program to new highs. PTI gave some good signals again. Paskewitz up 5%. Zone was up 1.2% in January. ForexMx off over 7%, giving back some of last months gains.

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One Response »

b on February 6th, 2008 at 3:09 pm:
Tom,

Your pipeline seems to be filled up with potential right now. Hopefully some of these will pan out.

I would like to ask everyone reading this for comments on forex brokers. Do you have any good or bad experiences? If so please qualify by account type and approximate size? In other words is it a $500 oanda account or a $50k institional type of account? I am currently shopping for one.

would greatly appreciate the feedback.

thanks!!!!!!!!!