Showing posts with label trading. Show all posts
Showing posts with label trading. Show all posts

Wednesday, November 21, 2007

Galleon FX - managed forex, is this the key to real profit?

After disasterous results in HYIP, failer in gold trading and finally, due to lack of time and resources I was not able to run manual forex, I am now trying to make profit in forex managed account at Galleon FX.

This is now real thing. No more unsecure feeling about scam. Let me shortly look at this my new investment.

The site has very good instructions for filling up all forms and papers, since you need to get first signup a form for Galleon, then with their broker, FXCM. Both seems very stable in time and under control. Of course there is a risk of something bad happens and either company "die", but this is not so likely. Since Galleon is getting managed fee based on their performance from you, it is obvious their intention is to perform as positive as possible. All fine from this points. What else do we know?

When you sign up, you have to choose the currency USD or EUR for your account. In fact USD accounts have better statistics than EUR, for examle their USD Account was up about 75% in Septemberm, further more 18% in October for a total of 93% gross in just 2 months.

Their $1000 minimum special has been very popular with 50+ new clients in October. Those that got in and had accounts funded before the 15th are already looking at 15-20% gains in their account. As they have extended $1000 minimum investment for this month too, you just have some days to start a real investing, rather then scamy HYIP.

The FXCM offers very good web based look into account, so you see all open traders, history, current equity, for selected time period. Funding the FXCM account is easy, as you can use Credit cards.

Galleon FC performance over time

Galleon offers you great oppurtunity to take profit in violatile Money Exchange markets. Since managed accounts usually starts with over $25.000, you finally have a chance to enter with much smaller amount. And last thing: robot trading is usually not bringing such high profits as Galleon had it in September, but since it eliminates emotional weakness of a trader, it can become your profit maker.


Thursday, June 7, 2007

Interesting view on Forex trading

Recently I read a very intersting article on forex trading. It is exactly what was my experience in forest 7 months of trading. Even tough I am fully aware that 7 months means in trading that I was still a newbie, I spent a significant time online attached to Metatrader windows. Trying everything, from system to signals, from news to economic reports. And yes, I was doing small but steady profit which was giving me a reason to continue. Untill I did a fatal mistake, trying fight the trend without stop loss.

I hope, that my HYIP investments will go on well, so far is looking very good and I plan a comeback.

Oh, and I almost forgot to give you a link to that article:
Currency Trading Systems - The Fatal Mistake That Ensures Losses 95% of the Time.

Friday, May 18, 2007

Why I am out of Forex trading at the moment?

That's a question some of visitors of my blog are asking. There is simply not right time for me. One thing is e-Gold issue and second is that I spent all my equity in Forex account due to really bad mistake. Therefore I am 100% focused on HYIP and my target is to get extra $2000 from HYIP. That amount I'll transfer to my Forex broker.

I plan to wrote some Forex truths I've learned. When that will be, I am not sure. At the moment I am doing research on 2 other HYIP in my portfolio.

Generally I am very happy with my profit from portfolio.

Monday, May 7, 2007

Forex danger - trading with gold


Say no to gold.
For more then half year in the forex business I lost nearly $1000 of investment. What I learned from this lessons is, whatever you do, don't trade with gold. It is to risky and it can go up and down uncontrolled. Only trade currencies. But most of all, be sure to try demo with virtually money first!!!

Online broker is the key!
If you go for real money, don't spend in on bad forex online broker, which offers small minimal deposit, like $5 or something. Why? Most like it doesn't use meta trader client. And it have spread which will kill your profit.

Example of bad broker: Marketiva.
Examples of good brokers: NorthFinance - min. deposit $100 and Neuimex min deposit $250.