Archive for September, 2007

GalleonFX Review: Managed Forex Acccounts – 10k Minimum, Automated Trading

Wednesday, September 19th, 2007

Most good managed forex account require minimum investment of $25,000, $100,000 or even $250,000. There are just a few good ones which accept $10,000 or less and most of them deserve deeper look even because of this fact alone.

GalleonFX is one of these services accepting investors with $5,000. They use automated trading system, which is constantly being worked on and improved.

Here are the technical details:

  • Euro 2:1 leverage
  • 2 Forex brockerages available
  • Minimum investment: $10,000. There was a limited time offer of $5,000 which I used to fund my account. Such might or might not be available again in the future.
  • 25% fees on the performane results
  • The average backtesting performance exceeds 100% per year

The Real Performance

The backtesting results are very impressive, but unfortunately the real performance is far behind them. The trading was doing fairly well since May 2007 when 2 flat and 2 negative month ruined most of the profits.

Still the result for 2007 is positive. In September the trading turned back to good and even these who entered the service in the worst moment (like me!) are now close to break even.

Considering how bad July and August were for many forex traders, I think GalleonFX managed OK with the situation.

The Future

If GalleonFX can continue with results like in the first half of 2007 (and like they start now in September), the yearly average ROI will be between 50% – 100%. Even a conservative estimate of 50% yearly can make you quite wealthy in ten – fifteen years even if you withdraw half of your profits.

Like with any forex investment don’t forget there is significant risk of losses. While losing it all is only theoretical, a drawdown of 50% is not impossible.

To Invest Or Not?

The decision is entirely yours, just consider the comments in the previous section. Only your “risk capital” should go into forex based investments. Risk capital means money that you can afford to lose, i.e. they are not the momey for your mortgage, rent or education.

On the other hand, the risk capital is usually the one which brings the best returns, so if you have it, why waiting? Click here to join GalleonFX and make profits.

P.S. In the Picks section you will find some managed accounts which seem to be (and maybe are) more lcrative. The reason I have chosen Galleon here is that I am using them since an year and have real long term experience with them.

Rockwell Review: Guaranted Success Stock And Day Trading Education?

Tuesday, September 11th, 2007

I approach every “guaranteed success” education program with high suspects, so it won’t be different with these guys. If they are offering crap I won’t save the some “bad mouthing”.

The first thing which made me an impression were the high prices of the courses. High prices might mean high value, but may also mean this service is just there to screw you.

Now lets see…

What’s Inside

Rocklwell Trading offers stock trading and day trading coaching programs.

The Rockwell Day Trading Coach is an educational program having two primary objectives:

  • To teach you how to make consistent profits
  • To simplify your trading

The selling page of the day trading course offers some good educational videos which can help you understand what is all about.

The Rockwell Stock Trading Coach is a coaching program is appropriate for long term stock traders and swing traders.

The system includes a stock trading software, online tutorials, a list of stocks with highest profit potential, personal lifetime mentoring and up to one hundred demo accounts.

The promisses in both programs are really quite bold and if they work for you, this will be one of the best investments you can make

Advantages of Rockwell Programs

One of the biggest advantages of Rocklwell Trading Coaching Programs is the high professionality of the team, the good quality of their software and the excellent videos on their website.

The site is easy to navigate, there is detailed help and explanations of the different programs and a discussion forum where you can check the other clients’ live experience with Rockwell.

Some Disadvantages

I wouldn’t call this exactly disadvantage and it is quite obvious, but if you expect that the coaching programs will make you money without you lifting a finger, you’ll be disappointed. The coaching programs require your active participation and efforts. They will significantly improve your trading results and simplify your trading process, but that won’t happen overninght and without your own contribution.

The other thing which could be considered a minus is the high price of the coaching programs. The day trading program is available in four different plans which start from $497 and end up at $2,497. The stock trading coaching is $3,497 (only one plan).

Conclusion

The high price is usually sign of a high quality, but of course I would not count on that. What makes Rocklwell Trading Coaching Programs really different is their unseen money back guarantee:

“If the student does not achieve at least 25% profit after 12 months of trading using the Rockwell coaching system and trading strategies, the student will receive a full refund of $3497 plus an additional $1001. ”

It seems like quite a great offer really. With such a guarantee you would think you have nothing to lose. Well, in fact you have – it’s your time and energy. So you really don’t need to enroll in any of the programs if you don’t plan to trade seriously. But if you want to be a successful professional trader, I can’t see a better offer than Rockwell’s.

You can click this link to enroll right now.









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