Hall of shame - managed accounts

Hi, All

This thread is to bring some attention to the activities of some people on here who are running managed accounts which don't stand up to scrutiny. Please post to alert others. Please be factual in your accounts.

MT

Hey,

since i am a junior member i cannot open a new thread and god knows why did not reply in HORLIQUES thread about his real activities. Thank you mytrader for helping me and hopefully others to give platform for demasking some peoples real activities.

I am speaking now of this guy

http://www.forexfactory.com/showthread.php?p=6999964


Horlique is a nigerian young man with big plans. He wants to manage accounts, starting with at least 50 000 $. When you sent him an e -mail you will get a standard response, what ther service is about... . In my naivity i did this. Fortunaly i just had 10 000 hard earned €. Horlique said he ll make an expection for me. My alarm bells should have rang. But since we both agreed 3% monthly growth and his signals he gave and still gives are pretty ok, i thought even if he will disapoint my damage after onemonth won t be that big. Three days later this boy crashed almost half of my account. Not with proper money managment and not with his system. This guy, which describes in his forum the basis of a good trader (discipline, patience, risk managment), used an EA and traded like the devil in person. In the top of my personal financial crah i could see few hundred positions open (2 K in minus). This guy cost me almost 5 K.

I think he didn t do it in purpose. I mean his gain is based on provision. (maybe he has a broker deal, i donno, since he forced me to go to FXOPEN or FXPRO). I believe though, he is simply an unexperienced young fellow, which has never seen that much money and become to exited to handle such situations. This guy is not capable at all to manage an account. After i suspended him, he send me a link

http://www.myfxbook.com/members/horl...rading/1117458

to prove his abilities and to continue business. When i saw his balance (276K) i asked him politly if he dont think give me back at least a part of the money he crashed during his 3 days VEGAS trip would appropriate... . He never answered again. I donno if you can fake myfxbook, but since i saw his greed and dollar signas in his eyes i deeply believe this is not his account. This guy wants to get out of his slum (and i wish him luck), but he is not able to manage money. He allready become greedy with 10K (which of course is a bunge of money)... .

So DONT be that naive i has been and give this guy the chance to crash your hard earned money. I assure you he will do it. Trade the signals if he still gives it for free if you are pleased, but do not let him run your account. This guy is not capable to that. Furthermore he lies about his account. And if he doesnt lie and has such an amount of money (99,9% he does not) than his sense of morality shocks me as hell. Either way No good business relationship!!!!!

If you goolgle him (Horlique) you will allready find in old forums (i think babypips) some good (bad) informations about him. He got banned one or two years ago.

Good luck for your trading carrier. Try to learn to trade and don t trust to much ppl in the commercial sections.... In the long run (or with Horliqur in the short run) It will cost you time, nerves and money!!!

Thanks again mytrader to offer the platform.

By the way: Since my friend (karuner) linked his forexfactory account to the account Horlique traded for me (at this time i was no member of forexfatory) you can see the blood bath. It is private but i ll ask him to make the file public!!!!

Orlando, sorry to trouble you
I hope you endure this , I start viewing signal in Myfbook not verified as you say. when looking at the signal with a high growth of trading accounts and fast,

I just think it would be the same as I did a few months ago, taking a risk too big ....
The alternative is to make withdrawals regularly if you use a strategy like that ....

as you say, it does not use money management, and well-planned. I ever do that, "Gambling" but not with large capital, only a very greedy person if "Gambling: using large capital, and just thinking to always benefit her in any transaction.

I still do not believe the signal in Myfbook, I usually look at MQL.5.

Mate, I object to the fact you gave that this fraudster is Nigerian. What proof do you have that he is a Nigerian? No-no-no I won't take that from you or from anybody on this forum. You got milked because you were greedy and too lazy to learn to trade yourself so please son't blame it on another person or even a country but on yourself mate. I checked his profile page and it says that he is from the UK and you just assumed that since he scammed you he has to be a Nigerian?! I am a Nigerian and I trade for myself...I learned and still learning how to trade the hard way (by myself) which I would advise you to do and quit looking for scammers to scam you. A word is enough for the wise.

the guy himself told him that :-)

Thanks ajantal,

for cover up another lie of Horlique, which i totally missed. Since i made an LPOA (limititd power of attorney)with him, Horlique had to scan his passport and send it to me... By the way

https://www.linkedin.com/pub/aniefon...?trk=pub-pbmap

this is Horlique. Here he claims to live in the Arabian emirates (maybe his dream for the future)

I don t know why you want to make a race war or a conflict of countries/continetns out of it. I know that Horlique worked in a group. Maybe you are one of his fellows and try to protect your business model... If not just take it as it is. He is a NIGERIAN. If he would be an INDIAN i would have written an INDIAN guy... .

That i was lazy is certainly true. At least in parts. But this is off topic right now. Cause i simply wanna warn people from a guy who makes commercial for himself as an account manager. And i assure you. Today i have the same oppionion like you...: Learning by doing. And not doing by surrender your responsitbillity to someone else.