Greetings. Ok, so a few posts below I was complaining about GalleonFX giving back all the profits for this month and the previous (at least for me since I got in roughly at the end of the last month). Well, I am happy to report that my account is back in profit. As I mentioned in my previous post, at one point my “test” GalleonFX account was as high as $1500. My balance is so far $1380 all thanks to a $260 winning position that was closed recently. In this instance I really like the way the trades were exited, meaning the trade robot did not wait until half of the profit went back to the market until it closed the position.
However, like I said previously there are still a few days left in this month so I don’t want to start raving about the profit regained because knowing the Forex market it could be lost just as quickly as it was gained. The key here is being consistent, and that’s what I’d like to see more from GalleonFX – consistency.
Also folks, don’t forget that their special $1000 minimum account size offer is ending soon. Honestly though, my suggestion is that you seriously consider starting off with a bit more than that. I know for some of you this might be a bit hard and I can understand where you are coming from. It is a great thing that the “small guy” is given a chance to play the “Managed Forex Accounts” game with the “big boys” but trust me when I say that the forex market is volatile and you need a respectable capital to act as a “barrier” against the rough times that your account *might* experience.
As always I will keep you all posted on the latest happenings with my GalleonFX account. At the very least you can learn a bit more about how managed forex accouns really behave – not just promises of riches and other such hot air.