|   FM Home  |   FM Forum  |   FM News  |   FM Blog  |  

Go Back   Finance & Money Forums > Finance > Investing



FAQ Members List Calendar Search Today's Posts Mark Forums Read

Investing General discussions on investing and investments: shares, bonds, commodities, forex, and funds.

Reply
 
Thread Tools
  #1 (permalink)  
Old 11-11-2008, 12:08 PM
Junior Member
 
Join Date: Nov 2008
Posts: 8
Default What's your opinion on this system?

Hi,

I recently came in contact with a money manager.
He is using a trading system that looks very profitable.
I am new in FOREX.

I would like to have some feedback from more experienced investors on this system.

I plan to invest in FOREX, maybe in this system or another and hope to gather in this forum some informations to base my investment decisions on.

Anyhow I would like to follow the results for a few more weeks.
I will post daily the results the money manager makes.

All comments and/or recommendations are welcome.

This are the results till now:

27 oktober 2008 the account started with 10 000$.
Now the balance is 15 705$ ( 57% ROI).
The float is minus 361 $
Reply With Quote
  #2 (permalink)  
Old 11-11-2008, 08:21 PM
brian's Avatar
Administrator
 
Join Date: Mar 2006
Posts: 811
Default Re: What's your opinion on this system?

Forex is just gambling on the exchange rates - simple as that.

The high profits come from leveraging, which means you can amplify your forex investment so that £10 can become a £1000 investment.

Of course, the reverse is true - the losses are also amplified, and anyone looking to invest in forex needs to have a very good understanding of the industry and investment strategies, IMO.
Reply With Quote
  #3 (permalink)  
Old 11-12-2008, 10:11 AM
Junior Member
 
Join Date: Nov 2008
Posts: 8
Default Re: What's your opinion on this system?

Quote:
Originally Posted by brian View Post
anyone looking to invest in forex needs to have a very good understanding of the industry and investment strategies, IMO.
I fully agree with you Brian, I hope to get enough feedback here on this forum.


Here are the updated results:


27 oktober 2008 the account started with 10 000$.
Now the balance is 15 834$ ( 58% ROI).
The float is minus 76 $
Reply With Quote
  #4 (permalink)  
Old 11-12-2008, 11:11 AM
brian's Avatar
Administrator
 
Join Date: Mar 2006
Posts: 811
Default Re: What's your opinion on this system?

Thanks for the extra info but I've had to remove that - we're not here to promote any individual service or individuals.
Reply With Quote
  #5 (permalink)  
Old 11-13-2008, 11:16 AM
Junior Member
 
Join Date: Nov 2008
Posts: 8
Default Re: What's your opinion on this system?

Ok, sorry for that

Here are the updated results:

27 oktober 2008 the account started with 10 000$.
Now the balance is 16 499$ ( 64% ROI).
The float is minus 70 $
Reply With Quote
  #6 (permalink)  
Old 11-14-2008, 09:41 AM
Junior Member
 
Join Date: Nov 2008
Posts: 8
Default Re: What's your opinion on this system?

Here are the updated results:

27 oktober 2008 the account started with 10 000$.
Now the balance is 16 784$ ( 67% ROI).
The float is minus 408 $
Reply With Quote
  #7 (permalink)  
Old 11-17-2008, 09:46 AM
Junior Member
 
Join Date: Nov 2008
Posts: 8
Default Re: What's your opinion on this system?

Here are the updated results:

27 oktober 2008 the account started with 10 000$.
Now the balance is 16 866$ ( 68% ROI).
The float is minus 546 $
Reply With Quote
  #8 (permalink)  
Old 11-18-2008, 09:38 AM
Junior Member
 
Join Date: Nov 2008
Posts: 8
Default Re: What's your opinion on this system?

Here are the updated results:

27 oktober 2008 the account started with 10 000$.
Now the balance is 16 856$ ( 68% ROI).
The float is minus 323 $
Reply With Quote
  #9 (permalink)  
Old 11-19-2008, 08:43 AM
Junior Member
 
Join Date: Nov 2008
Posts: 8
Default Re: What's your opinion on this system?

Here are the updated results:

27 oktober 2008 the account started with 10 000$.
Now the balance is 16 908$ ( 69% ROI).
The float is minus 402 $
Reply With Quote
  #10 (permalink)  
Old 11-20-2008, 08:57 AM
Junior Member
 
Join Date: Nov 2008
Posts: 8
Default Re: What's your opinion on this system?

Here are the updated results:

27 oktober 2008 the account started with 10 000$.
Now the balance is 17 026$ ( 70% ROI).
The float is minus 297 $
Reply With Quote
  #11 (permalink)  
Old 11-20-2008, 04:16 PM
brian's Avatar
Administrator
 
Join Date: Mar 2006
Posts: 811
Default Re: What's your opinion on this system?

Hi Mill, if you're having success with your strategy then that's great - but please note people may be tempted to feel this is an advert for Forex, which I certainly would not want to make.
Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Libor rate rise threatens banking system Finance News Banking 0 09-17-2008 05:12 AM
UK state pension system named worst in the EU Finance News Pensions 4 06-03-2008 11:46 AM
New system of pension saving Finance News Pensions 0 11-20-2007 11:36 PM


All times are GMT +1. The time now is 03:52 PM.


Powered by vBulletin® Version 3.8.2
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.1.0

© 2005-2011 Finance Markets. All rights reserved  |  About  |  Disclaimer  |  Resources  |  XML Feed  |  Contact us