Do you have $5,000 to invest in a managed forex account? Is pure yield of 100% or more per year enough for your likes?

See, FXFareast is a Russian (I think) managed forex account service managed by Alexander Kim. I know Russian may sound suspicious for some of you, but I can ensure you not everyone living in Russia is a scammer. Some of the smartest mind of the planet live there.

FXFareast is reviewed at reputable online forums and their performance is confirmed to be real. Speaking about the performance, it is as follows:

180.65% gross for 2005

221.56% gross for 2006

32.71% gross YTD for 2007

The highest drawdown is 15.91% happened in July 2007 when the crazy markets hit a lot of system players like for example my ex-favorite GalleonFX (http://hywd.info/managed-forex-accounts).

FXFareast takes 40% of the net profits. The minimum is $5,000.

The trading is hedging long/mid USDCHF and EURUSD positions.

The brokers they work with are Gain Capital Group (Forex.com), New York, IKON Global Markets, New York, or IFX Markets Inc., Boston.

For more details, go here: http://www.fxfareast.com

Of course each managed account can crash at any time and forex trading is risky. Never forget that.

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This entry was posted on Saturday, October 27th, 2007 at 7:07 pm and is filed under The Shark Investor Picks. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.