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Almost unreal myfx read trading account

  • #1
  • First Post: Edited 7:53pm Oct 18, 2014 7:26pm | Edited 7:53pm
hi all,

Just saw their add on some website. They are offering PAMM and managed forex account and showing their real account on myfx.

http://www.myfxbook.com/members/fxcu...rvecom/1047305

Few things stood out for me:

1. their live account is huge - over 1mm
2. their record so far (granted 5 months only but many trades) is unbelievable. from what i can see it is not a martingale which is always just a time bomb waiting to exclude.

anyone heard of them or any idea of their strategies..

honest disclaimer: i really have no association with these guys. no idea who they are at all. just wondering how they can be so successful.

PS: sorry for the typo in title - meant "real"
Think : Trade : Live Life
  • #2
  • Oct 18, 2014 7:43pm Oct 18, 2014 7:43pm
Hi, sst.

They had a rational growth until Oct-16... they just doubled their account!
It sounds like they had either a lucky strike or some insider data.

Kind regards,
MarketFox.-
Trade, don't bet.
  • #3
  • Edited 9:02pm Oct 18, 2014 7:52pm | Edited 9:02pm
Quoting MarketFox
Hi, sst. They had a rational growth until Oct-16... they just doubled their account! It sounds like they had either a lucky strike or some insider data. Kind regards, MarketFox.-
Thanks marketfox
yes, agree. before oct, it was somewhat normal - still pretty spectacular but not like oct. Certainly they had some luck in oct but since october provided big volatility, may be that is what helped them. I work in this space and know most people either had a great return or very bad return in oct so far.

Still i am quite impressed with their performance even before oct. since it is new, i am going to try tracking it and see if they continue this.
Think : Trade : Live Life
  • #4
  • Oct 18, 2014 8:17pm Oct 18, 2014 8:17pm
Quoting stt
{quote} Thanks marketfox yes, agree. before oct, it was somewhat normal - still pretty spectacular but not like oct. Certainly they had some luck in oct but since october provided big volatility, may be that is what helped them. I work in this space and know most people either had a great return or very bad return. Still i am quite impressed with their performance even before oct. since it is new, i am going to try tracking it and see if they continue this.
Sounds good!
Keep an eye on them, I'll keep an eye on this Thread .

MarketFox.-
Trade, don't bet.
  • #5
  • Oct 18, 2014 11:40pm Oct 18, 2014 11:40pm
Quoting stt
hi all, Just saw their add on some website. They are offering PAMM and managed forex account and showing their real account on myfx. http://www.myfxbook.com/members/fxcu...rvecom/1047305 Few things stood out for me: 1. their live account is huge - over 1mm 2. their record so far (granted 5 months only but many trades) is unbelievable. from what i can see it is not a martingale which is always just a time bomb waiting to exclude. anyone heard of them or any idea of their strategies.. honest disclaimer: i really have no association...
If time travel was for real and we humans will ever achieve this, why we don't have (or had in past) any visitors from the future?

If these results were sustainable, why any of these traders are not billionaires?
The Thief of Wall Street
  • #6
  • Oct 19, 2014 12:32am Oct 19, 2014 12:32am
Quoting Chicky
{quote} .... If these results were sustainable, why any of these traders are not billionaires?
No offense to you but I feel you got the concept of trading incorrect.
Generally Newbies come here with big dreams which most of the times fail. Some people at some point of time learn their lessons.
Forex is a self employment scheme. Like any other profession/business , livelihood is earned.
The experienced people that I personally know as traders just want to earn a weekly/monthly income. Nothing more. They don't have big dreams , they don't believe in compounding , they don't want a very lavish life.
My own personal goals here are a little different.
Firstly I want a regular source of income for survival. This part is most important.
Secondly I want to build assets. This is a distant dream.
I may not achieve the second one but the first one I am already on track I believe.
Striving to Develop & Implement Innovative Ideas
  • #7
  • Oct 19, 2014 1:55am Oct 19, 2014 1:55am
Quoting New-Pragati
{quote} No offense to you but I feel you got the concept of trading incorrect. Generally Newbies come here with big dreams which most of the times fail. Some people at some point of time learn their lessons. Forex is a self employment scheme. Like any other profession/business , livelihood is earned. The experienced people that I personally know as traders just want to earn a weekly/monthly income. Nothing more. They don't have big dreams , they don't believe in compounding , they don't want a very lavish life. My own personal goals here are a little...
Chicky , I take back what I posted above. It was posted based on your comments.
After going through your profile I find you to be a very experienced person and what you said above I feel it is one of your humor or joke.
Striving to Develop & Implement Innovative Ideas
  • #8
  • Oct 19, 2014 1:13pm Oct 19, 2014 1:13pm
Quoting New-Pragati
{quote} Chicky , I take back what I posted above. It was posted based on your comments. After going through your profile I find you to be a very experienced person and what you said above I feel it is one of your humor or joke.
Don't worry, anyway you never commented on what I mentioned in that post. An investment banker or a mutual fund expert may be good resource to learn something that is called Dividend Equalization Reserve ......................... and the basic purpose they have these funds.
The Thief of Wall Street
  • #9
  • Oct 19, 2014 5:55pm Oct 19, 2014 5:55pm
Quoting Chicky
{quote} If time travel was for real and we humans will ever achieve this, why we don't have (or had in past) any visitors from the future? If these results were sustainable, why any of these traders are not billionaires?
i agree this level of returns are not sustainable for any significant capital size. Best funds (SAC, MLP etc) have 20-30% annual returns over long periods so 20% per month is just plain unsustainable - forget the 100% month they had in oct. Butfunds play with big capital and cant really lever it up like when you have <10mm in funds so comparing with big funds is also not apple to apple comparison. Virtu - a high freq fund has returns of over 100% on capital annually.

i also suspect if the broker they are using is just a shill and is allowing them to create fake record or at least allow them to manipulate some aspect of actual returns.. Has any heard of their broker "International PAMM Services". I see they put on a GU trade of 300 lots, that is 30mm notional. usually top of the reuters 3000's book (GU's primary ECN) is less than 30mm so they must have market impact. but their strategy isnt scalping (As per trade pnl is not 2-3 pips) so i guess they can tolerate that impact.
Think : Trade : Live Life
  • #10
  • Dec 24, 2014 9:18am Dec 24, 2014 9:18am
Checked this again today from my bookmarks and amazed again. they seem to keep pulling profits at such a large account. Unless it is not real account (they soomehow games myfxbook) i am quite impressed. I dont think i have seen real big account having such growth before.

http://www.myfxbook.com/members/fxcu...rvecom/1047305
Think : Trade : Live Life
  • #11
  • Last Post: Dec 25, 2014 2:50pm Dec 25, 2014 2:50pm
I went to fxcurve.com but the website domain is for sale. It seems they're no longer offering any type of service now. Paris
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