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Very Poor Performance For GalleonFX in July

By Tony Clifton [Your Program In Focus]

Probably to be synchronous with the HYIP trend, our selected managed forex account produced terrifying drawdown of around - 15% in July. The bad results continue today.

The equity was slowly increasing until around July 25th, when fast market moves are the whole profits and more than that. The reasons are explained on the GalleonFX.

After two almost flat months most of us expected it's time for gains, but that did not happen. Of course we have accepted that there is a trading risk, but I only can't understand why such drawdown never happened in 13 years of backtesting.

Obviously it's not a good idea to fund your account now, before we see positive results.

Published at Aug, 01 '07 ; read 526 times;

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