To use chat, please login.
Back to contacts

EUR-FOREX Managed (By eurforex )

Gain : +723.89%
Drawdown 42.06%
Pips: 8569.1
Trades 1292
Won:
Lost:
Type: Demo
Leverage: 1:100
Trading: Manual

EUR-FOREX Managed Discussion

.........
fuchiuliu
Dec 07 2011 at 16:08
8 posts
Nickwake, Macgyver, drago......... shut the hell up! All of you are amateur, low level and broke investors. 'oh dreadful, my account is under $900'..... LOL if $900 is that big of a deal to you, put it in a Time Deposit, and get the hell out of any other type of investing. Otherwise, shut up.
You should know your exit before you enter. You should not invest with money you can't afford to lose. Real men weigh all the pros and cons and make an educated unemotional decision. If it ends up profitable then great. If you lose your max risk, say 30%, you simply close your account and move on. No risk, No reward. Plain and simple. Take responsiblity for your own actions.
Honestly, it's guys llike you that annoy the hell out of the rest of us. You put in basically nothing hoping to make huge returns and retire. You act like you're big time investors, but you can barely pay your rent each month and have no business investing at all with your rent money you cant' afford to lose. I'm sure it would be a happy day for eur-forex and the trader if you just pulled your few dollars out and moved on. Any wise investor knows that a week or a month does not make a year. Decide what your max risk is, look at it as a long term investment, and get on with the rest of your life. If you can't do that, then move on and quit annoying the rest of us who have looked at the big picture, the long term potential, and decided to invest for the long term and accept whatever risks may come.
Ciao!

nickwake
Dec 07 2011 at 16:25
23 posts
And it's arrogant know it all 'hard guys' like you fuchiuliu who annoy the f**k out of me, get a life yourself too. this is not about oooh I'm losing a few dollars it's about these guys are not trading at all like their previous patterns indicated and are not at all transparent about what can be expected plus they are raking the spreads liked nobody's business.

I made near 800 points last month trading another system and at times was -400 pips on open trades but I was happy with the fundamentals behind the trades so stuck with them and took the rewards. But naturally I am always looking for new ways and as I run run my own business I figured this could be a good side method to test.

So you're a real man are you, hard men where it's OK to lose? Why the f**k should that be acceptable? I could put 20k into a system tomorrow if I wanted to but want to see a system or service prove itself first and this is blatantly not doing that so far.

What I don't get is why this is so OK for you when the result patterns have UTTERLY changed to the previous reference months, does that not even slightly concern you? Ok might be small money on a test but that doesn't mean it's OK to lose it - that's the way to ruin pal. Try to understand that it's the principle not the actual sums - do you place trades just before NFPs - coin flip. Do you go into buy trades at the daily R2 level and let them run even when they fall back through the 13400 and daily pivot? Oh there I go again, micro finessing.

.........
fuchiuliu
Dec 07 2011 at 17:38
8 posts
Post your live track record Nick. Didn't see you complain about the fact that eur-forex traded through NFP in the past?? I'm an arrogant know it all? I'm just stating the facts. A 15% DD and you're scared $hitle$$ ??? The current market conditions aren't friendly, but I would say risk is still well within reason. Or maybe you expect an equity curve to always go nearly straight up like it did in Aug, Sept, Oct. Nick, you talk a big game, but I've been at this for over 20 years...... you're not fooling me. You're small time, and scared. You're too emotional and you're letting fear and greed direct you. If you keep jumping from one thing to another you're just gonna keep getting burned. I managed a $5,000,000 managed account until Feb 2009. Averaged 30% per year for 3 and half years using a mechanical system I developed. In 2009 I had a 25% DD and as per agreement with my clients I stopped trading and told them to move on. Many of them were still in profit, but I knew my system wasn't effective in the recent markets. I've done my homework on eur-forex. The trader has proven to trade well in adverse market conditions as well as in 'normal' markets. It's easy to make 800 points in a month trading a demo, or small account. I recently turned 100k to 350k in 3 weeks on a demo..... but that's with no emotion/fear/greed/etc. And trading high leverage. Show me you did 800 points and made a decent return on 500k or more for a month, and then duplicate that for 6 months to a year, and then maybe you can say you're a trader.
BTW, I still manage money at a large reputable FCM with a long term strategy I developed. I'm up 22% on the year. I'm happy, my clients are happy. The expected return based on back test is only 10%-15% per year, so not too many small time clients are interested. But my handful of seasoned, long term investors, are completely relaxed and happy.
Bottom line is, I've managed money for several hundred clients, and it's the one's like you that are the most annoying......... they come and go with their $1,000 expecting to get rich quick, but complain when there is any kind of DD. That's why my minimum for my long term strategy is 500K. Only serious accredited investors. Trading with Eur-Forex is fun and I see it as a way to make some decent play money. But that's how you have to look at ...... NO EMOTION.

nickwake
Dec 07 2011 at 20:03
23 posts
I wasn't involved with them in previous NFPs, in any case isit not conventional wisdom not to tarde techinals inthe run up to major news releases as it really cna be a coin flip?

Anyway fuchiuliu I'm not going to get into a pissing contest with you. Only one thing because I'm not the person you think I am.

No I do not expect to get rich from a 1k account and I've been around forex long enough to know how it goes. I also invest a lot of equities and have some positions that have been underwater since the financial crisis, no problem, they'll come good eventually.

No, 800 pips and 500 in Sept was not on a big account, it has to grow organically in order to grow confidence, reduce emotional involvement and get used to larger lot sizes. I've never thought of putting it live, maybe I will. I bow before your mightiness and won't post again as I don't want to annoy your imperial majesty. Sorry.

Macgyver75
Dec 08 2011 at 09:27
36 posts
fuchiuliu,
you are certainly right on the merits, not on the form.

We've got moneu, we can afford to lose these 1000 $, but we only contest that they claim they continue to win, as we continue to loThe information they give, and also they gave us before we sign, seems not to be correct (when they show +15 % we get 0%). Just verify what I'm saying and please if I'm false, just correct me.

And you're righr, I've fixed a limit to 850 $, and it i touch it, I will close this account, taking my loses.

That's all

Cheers

drago
Dec 08 2011 at 12:33
71 posts
ForexScam
Dec 09 2011 at 11:28
1008 posts
12.09.2011 12:15 EURUSD Buy 9.00 1.34293 - 1.33363 -1944.0 -21.6 0.0
12.09.2011 12:17 EURUSD Buy 9.00 1.3426 - 1.33363 -1683.0 -18.7 0.0

talk about buying the highs.

ForexScam
Dec 09 2011 at 11:31
1008 posts
They did really well in OCT , a few % in NOV and down a little in DEC. Overall, they're still doing good. Lets see how 2012 plays out for them.

ForexScam
Dec 09 2011 at 11:34
1008 posts
On june 29th their DD was over 30%, but quite aggressive returns overall.

nickwake
Dec 09 2011 at 12:04
23 posts
Will, at the risk of waking fuchiuliu up I must point out that in November it was a few % up only on this demo reference account. Client accounts lost about 5% due to the pip commissions being taken. Today, EU summit, surely that is gambling not trading, and that is not a mr small and scared comment, that is advice that is pretty universal for retail traders from many sources.

Please login to comment .