Archive for the 'forex managed accounts' Category

Horrible Performance At GalleonFX?

Published on 4 years, 6 months ago in forex managed accounts. 18 Comments

Now we’ve mentioned about Galleon Managed Forex services and their ludicrous $1,000 minimum managed account.

Here’s a pal’s experience with Galleon,

I just logged into my FXCM account to check up on how GalleonFX is managing my account, and to my dismay all the profits gained have been given back to the market. What can I say, I am naturally disappointed and I must admit I lost a bit of my initial fervor about GalleonFX. I kept a close eye on the opened positions in my test $1,100 account. At one point my account was up as high as $1500, but now as I speak it’s down to $1131! Right now I am sitting on a -$101 floating P/L (profit/loss). So, what is my opionion on this as far as why the crappy performance. Well, ever since I opened my account I noticed that while galleonfx give some pretty good entry signals, it really sucks at exiting out of profitable positions. I suppose their thinking (the programmers behind the automated trading sytem) is to avoid cutting a winning trade short, but what often happens is that a trade that is let’s say $200 in profit more than often ends up being a mediocre $23 or so gain, or even worse, a loss! I am not a forex expert by any means but I get the impression that galleonfx is running some sort of hedge and taking profits as a certain volatility level is reached which triggers the system to exit out of the trades if they are in profit. Perhaps those of you more knowledgeable can enlighten me.

The month is not over so I guess I still have a chance to end up with a mediocre profit- who knows! The only conclusion that I guess I can draw is that it might not be advisable to open an account with GalleonFX with just $1000 as they are currently offering (offer ends at the end of the month). Given the volatility that I’ve observed having such a small account size might not be a good idea.

Just my two cents. Hope to hear your opinion.

Cheers.

You’d want a minimum size of $10,000 for a managed account (and that’s not really even a huge sum as compared to some MAs that I know of). I wouldn’t be able to comment on how Galleon is managing since I’m not with them, but it’s good to know where they are at at this point.

Galleon Continues the $1000 Minimum for Managed Accounts

Published on 4 years, 6 months ago in forex managed accounts. 0 Comments

And they’ve made almost 100% for the past two months. God knows what kind of leverage are they using to achieve it. For interested parties, you can always sign up with them and check them out later.

Galleon News

http://www.GalleonFX.com
Dear clients and soon to be clients,

The adjustments we made back in July and August that you read about on our website have been working like magic.

Our USD Account was up about 75% in September. Then 18% in October for a total of 93% gross in just 2 months. Now, just 2 days into November my personal USD account is up nearly 5% already as I write this email. That brings us to about 98% or near 100% gross returns in just about 2 months. Not too bad.

Unlike certain stocks that may have big runs up that can not be maintained, the returns Galleon’s systems are producing come from intelligent predictive analysis not bound to the fundamentals of a particular company or stock. This means as our systems continue to get smarter, we should be able to make these kind of returns in ALL market conditions and more consistently. Don’t just take my word for it, but continue to watch and see.

Another popular questions has been. “Why the difference in returns between the USD and EUR accounts?” This is partially due to funds flowing in and out off accounts and adjusting leverage accordingly. But recently we have just found that there has actually been a discrepancy with the way FXCM has been accounting for lot sizes calculated in USDs for the EUR account rather than in Euros like you would expect. This has now been accounted for and adjustments in leverage have been increased on our EUR Account. So our USD and EUR accounts should finally end up fairly even when we report results at the end of November.

Our $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.

In other good news. By popular request, we have extended our $1000 minimum investment for another month. This will give those that have procrastinated another chance to get in and those that are in a chance to tell their friends.

Things are really heating up in the currency markets now days and I suspect we’re going to see a lot more movement and volatility in November with which our systems will thrive on.

We’ve got 2 more months to make this a 100% year and I’m fairly confident we can pull it off. Next year will be even better as we have lots more good news and announcements I hope to share with you later this month.

Meanwhile, get your account opened up today, add some more, or tell some friends about Galleon’s low $1000 minimum. It only takes a short time to complete the application and best of all, you can conveniently fund your account with your Credit Card
Yours in profit,
Ben
Galleon Operations
http://www.GalleonFX.com

Definition of a Managed Account with compliments from Investorwords – An account for which the holder gives his/her broker or someone else the authority to buy and sell securities, either absolutely or subject to certain restrictions. also called controlled account or discretionary account.

GalleonFX’s $1000 Offer Ending Soon

Published on 4 years, 7 months ago in forex managed accounts. 0 Comments

GalleonFX’s Offer is ending soon with $1,000 MAs. I discourage people from rushing in though, it’s good to take a look and shop around if you’re looking for MA accounts, though $1,000 seem like a very small amount to start with for Managed.

Don’t rush into things ;)

Dear Clients and soon to be clients,

We’re up about 5% for the month as of October 18th. Our improved exits are continuing to preform in an outstanding fashion allowing us to continue capturing more gains as the dollar continues to weaken.

Keep in mind if you are not already a client….. that there are only 13 days left in October to take advantage of our $1000 minimum initial deposit. No Catch!

If you have investigated other Forex Managed Account services, you would know that average minimums are usually around $25,000. Out of the reach or more average investors.

To be able take advantage of our advanced trading systems with only a $1000 minimum is an outstanding opportunity, and for convenience of funding, our brokerage firm, FXCM allows you to charge your initial deposit to your credit card. Getting involved with a good managed forex service has never been easier

At the beginning of this month we were allowing $1000 minimum deposits with a “catch”. Not anymore. Now there is NO catch.

You can now open and fund an account quickly and easily by visiting our website, logging in following the directions on our Open Account page. The process may only take 20 minutes to complete and if you follow the directions exactly your account can be opened and funded within 3-4 days.

Though this year has had it’s rocky times, some client accounts are up near 60%.

You may also want to keep an eye on the Currency Manager Rankings put out by Barclay Trading Group to whom we recently submitted our trading reports. We should be ranked among their top 10 when the new rankings come out next month. Just for reference, if you take a close look at Barclay’s top 10 currency managers, they usually have minimums in the $100,000 range.

Many of the best money making opportunities are only available to the rich and elite. For the next 2 weeks, now anyone can have such an opportunity while our minimum is still $1000 to get started

Regards,
Ben
Galleon Operations

GalleonFX Offering $1,000 Managed Accounts

Published on 4 years, 7 months ago in forex managed accounts. 8 Comments

I know GalleonFX has been around for quite sometime, but haven’t actually used their service before. If anyone is interested, for the month of October only, GalleonFX is offering their Managed Account services at $1,000.00 for entry.

To celebrate the great success of the improvements to our trading systems, Galleon’s normal $25,000 and $10,000 account opening minimum have been reduced to only a $1000 minimum for the month of October.

This is the lowest minimum we have ever had and will ever have. This may be the last time it is ever this low. If you have followed along with our news, updates and progress, you should feel as we do we have something very special and profitable and to be able to take advantage of this for only $1000 is an incredible oportunity.

Also, if you do not already know this, FXCM our main brokerage firm allows people to quickly and easily fund accounts by credit card. So there is no waiting for checks to clear or problems dealing with the hassle of confusing bank wires.

There has never been a better time to get involved with Galleon and Forex than now. With some accounts up over 54% for the year, strategy improvements in place we’re on the way to making this year the best yet with still 3 full months of trading to go.

It is very easy to get your account started and funded. Simply register, login and follow the instructions on our Open Account page.

It’s also a great time for Affiliates out there. Spread the news of Galleon’s new low minimum to your friends and associates so both they and you can share in more profits.

It’s a pretty silly amount to start an MA IMO, but hey, if you want to know how it works and all, head down to their site to find more about their trading results. They use FXCM as their broker which makes it really easy to fund.

Anyone who uses Galleon could probably fill us more so we could hear about your experience with them?

Definition of a Managed Account with compliments from Investorwords – An account for which the holder gives his/her broker or someone else the authority to buy and sell securities, either absolutely or subject to certain restrictions. also called controlled account or discretionary account.