Based on the performance of several investments I am watching (many of them are reviewed in the Picks category) I would advice against investing in them at the moment.
Here are they:
1. GalleonFX. This year their performance is pathetic. Since my investment in July 2007 I am not in profit, but in 30% loss. See the full review about them.
2. TradeWindowFX. I don’t have particular reason to suspect them, but then don’t update their performance for months. Not very professional. Read the full review here.
3. East Europe Mutual Funds. (see the pick) The show is over here. There is no more huge profits to be made, most funds lost a lot in the last 6-9 months.
4. Best Trading Systems Managed Forex Accounts. (the pick is here). The site is down for months.
5. Fx Master Managed Forex Accounts. (picked here). This account is removed from StrikerFX for unknown reason and I could not find other actual information online.
6. Fx Street Managed Forex Programs. (picked here). They have been canceled “due to recent internal human resources changes”.
All the other opportunities reviewed in The Shark Investor Picks still look promising.
Are there really any managed forex accounts that are making profits in these times? past 2 – 3 months for example. My account with galleonfx has been spiralling downwards since January. I want to know if this is peculiar or just the trend because of world happenings.
2-3 months bad result are not such a bit problem. The problem with Galleon is they suck for more than 10 months (with few exceptions but they were not enough to compensate the bad months)
I would add FXCM Sentiment fund to this list too. I gave them 20% and closed it. It is in the process of losing little by little an generating trading volumes/commissions.
Are there any managed accounts making profits? i have a friend who trades for himself and according to him, he’s been posting an average of 25% weekly!! (can’t be verified though). So I really want to know if that is possible and why professional money managers like galleon and FXCM have been posting losses.
25% weekly? Maybe for 1-2-3 weeks if he is lucky. I wouldn’t buy this