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Managed Account in Loss, Trading Done by "Movee" System
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insubbu

Member Since Nov 30, 2009  1 posts insubbu Jun 30 2011 at 04:45
Hi

I have given $ 1500 account for managing, In 3 days trading he lost the total account

http://www.myfxbook.com/members/dendee/movee-2/111553

Dont Trust him

Dont give any account for management trading

He is not a consistent Guy

Attched - Statement for proof

(7:09:39 AM) dendeez: hi
(7:09:44 AM) dendeez: sorry about the account
(7:09:54 AM) dendeez: late to wake up, and got margin call
(7:10:30 AM) in.subbu: now what the status
(7:10:48 AM) in.subbu: what's next
(7:11:18 AM) dendeez: i did some mistake with ur account, did not put SL on it
(7:12:11 AM) in.subbu: for that $ 1000 acct also, you put 0.1 lots
(7:12:20 AM) in.subbu: that is also one mistake
(7:12:52 AM) dendeez: with tight SL, above 0.1 will be no problem actually
(7:15:38 AM) dendeez: i already lower my standart with u
(7:16:10 AM) dendeez: you should not trade on forex if you cannot afford you money to loose
(7:16:21 AM) dendeez: forex is high risk busines
(7:16:30 AM) dendeez: easy to got money, but also easy to loos money

When i asked this the reply i got

Thanks




Attachments:
Statement.htm

pip2cash

Member Since Mar 04, 2010  423 posts SIM (pip2cash) Jun 30 2011 at 08:49
Hi,

Really sad for your account.

Regards,
SIM

Low risk consistent return! For More Information on Professional Managed Account Service, Kindly visit:
andieliu

Member Since Apr 28, 2011  116 posts Andie Liu (andieliu) Jul 01 2011 at 02:20
thk for your information......

"ojo kakean motto/micin ndak marai bodo"
TheCyclist

Member Since Feb 07, 2011  712 posts PipGnostic (TheCyclist) Jul 02 2011 at 04:12 (edited Jul 02 2011 at 04:13 )
Very difficult to fathom what that so called money manager is thinking. Somehow it's ok to lose peoples money in fx, he didn't even bother to get up to lose it.
 
Any other form of investment that be jail time right there. Gross incompetence and negligence, fraud, misrepresentation and so on.

Just keep em coming guys, make a nice list of all the crooks and con's out there.

Show me your pips!!
TheMan

Member Since Jun 30, 2011  4 posts TheMan Jul 02 2011 at 14:13
Hi,

Really sad also for your account..
But currently he was also managed my capital over than 10k, It's already running about 4 month.
Consistent return at 40% average monthly. Personnaly i was impressed with the result.

But, i will continue monitor...it's seems his strategy a litle bit different between in your account and my account.

Rgds


TheMan

Member Since Jun 30, 2011  4 posts TheMan Jul 02 2011 at 16:36
Proof of result of his work to my account, see attached
TheMan posted:
    Hi,

Really sad also for your account..
But currently he was also managed my capital over than 10k, It's already running about 4 month.
Consistent return at 40% average monthly. Personnaly i was impressed with the result.

But, i will continue monitor...it's seems his strategy a litle bit different between in your account and my account.

Rgds



ranesh

Member Since Jan 28, 2010  257 posts RWFX ( ~ P A M M ~ ) (ranesh) Jul 02 2011 at 20:38 (edited Jul 02 2011 at 20:54 )

TheMan posted:
    Proof of result of his work to my account, see attached
TheMan posted:
    Hi,

Really sad also for your account..
But currently he was also managed my capital over than 10k, It's already running about 4 month.
Consistent return at 40% average monthly. Personnaly i was impressed with the result.

But, i will continue monitor...it's seems his strategy a litle bit different between in your account and my account.

Rgds





I find it odd that you have signed up here on myfxbook to defend the said money manager, on the same date almost soon after the user 'insubbu' makes his post about his experience to warn others. If you are genuine then I apologize. We see this sort of thing happening here a lot.... the same person using multiple identities/accounts here on myfxbook.... either to praise their own trading, attack others or to do both.

In any case, since the statement is that of 'your' account that is being managed, you shouldn't have any problem about adding it to your profile here and fully verifying it. Here on myfxbook we only take fully verified accounts seriously (not attachments or unverified accounts).... or like Speki always says 'In God we trust... all others please show a fully verified account'. wink

"He who gathers money little by little makes it grow." - Prov13:11
ranesh

Member Since Jan 28, 2010  257 posts RWFX ( ~ P A M M ~ ) (ranesh) Jul 02 2011 at 20:45 (edited Jul 02 2011 at 20:50 )

insubbu posted:
    Hi

I have given $ 1500 account for managing, In 3 days trading he lost the total account

http://www.myfxbook.com/members/dendee/movee-2/111553

Dont Trust him

Dont give any account for management trading

He is not a consistent Guy

Attched - Statement for proof

(7:09:39 AM) dendeez: hi
(7:09:44 AM) dendeez: sorry about the account
(7:09:54 AM) dendeez: late to wake up, and got margin call
(7:10:30 AM) in.subbu: now what the status
(7:10:48 AM) in.subbu: what's next
(7:11:18 AM) dendeez: i did some mistake with ur account, did not put SL on it
(7:12:11 AM) in.subbu: for that $ 1000 acct also, you put 0.1 lots
(7:12:20 AM) in.subbu: that is also one mistake
(7:12:52 AM) dendeez: with tight SL, above 0.1 will be no problem actually
(7:15:38 AM) dendeez: i already lower my standart with u
(7:16:10 AM) dendeez: you should not trade on forex if you cannot afford you money to loose
(7:16:21 AM) dendeez: forex is high risk busines
(7:16:30 AM) dendeez: easy to got money, but also easy to loos money

When i asked this the reply i got

Thanks







Is the link you've provided YOUR trading account.. the one that has been blown ?

If so, can you update this account one last time please, so we are able to see that it has indeed been blown up as claimed.

If not, can you please add it to your profile and fully verify it so that we are able to see that it has been blown up as claimed.

Thanks.

"He who gathers money little by little makes it grow." - Prov13:11
TheMan

Member Since Jun 30, 2011  4 posts TheMan Jul 03 2011 at 00:12
Dear Ranesh,

I've join the fxbook, because i want to be able to make comment on this case,
Believe it or not, i don't ask you to believe

I already talk to the money manager that we are talking about.
He don't want to make this problem getting continue, and even don't want to make comment on this case.
His recent clients said the different things about him, and so am i. I'm satisfied with his service so far.

I hope this is my last comment also in this case. Nothing to be show, we got the profit already.


ranesh posted:
    
TheMan posted:
    Proof of result of his work to my account, see attached
TheMan posted:
    Hi,

Really sad also for your account..
But currently he was also managed my capital over than 10k, It's already running about 4 month.
Consistent return at 40% average monthly. Personnaly i was impressed with the result.

But, i will continue monitor...it's seems his strategy a litle bit different between in your account and my account.

Rgds





I find it odd that you have signed up here on myfxbook to defend the said money manager, on the same date almost soon after the user 'insubbu' makes his post about his experience to warn others. If you are genuine then I apologize. We see this sort of thing happening here a lot.... the same person using multiple identities/accounts here on myfxbook.... either to praise their own trading, attack others or to do both.

In any case, since the statement is that of 'your' account that is being managed, you shouldn't have any problem about adding it to your profile here and fully verifying it. Here on myfxbook we only take fully verified accounts seriously (not attachments or unverified accounts).... or like Speki always says 'In God we trust... all others please show a fully verified account'. wink

ranesh

Member Since Jan 28, 2010  257 posts RWFX ( ~ P A M M ~ ) (ranesh) Jul 03 2011 at 04:32 (edited Jul 03 2011 at 04:33 )

TheMan posted:
    Dear Ranesh,

I've join the fxbook, because i want to be able to make comment on this case,
Believe it or not, i don't ask you to believe

I already talk to the money manager that we are talking about.
He don't want to make this problem getting continue, and even don't want to make comment on this case.
His recent clients said the different things about him, and so am i. I'm satisfied with his service so far.

I hope this is my last comment also in this case. Nothing to be show, we got the profit already.



As you can see, I am being unbiased here. I've asked 'insubbu' to also show us 'his' account that has been blown up... fully verified by myfxbook, to substantiate his claim against this money manager.

It's obviously not managed via PAMM since ONLY his account seems to have got blown up here... based on what you say. So I assume, his account was being traded directly with an LPOA (hopefully).... in which case there shouldn't be any problem in showing us the account here... fully verified by myfxbook.

If 'insubbu' obliges and does this, then if your intention is to defend this money manager, you should also do the same.

On the contrary if 'insubbu' doesn't, then it will have to be concluded that this is just another one those fake scam accusations.

"He who gathers money little by little makes it grow." - Prov13:11
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