Here is what GalleonFX staff had to say about November’s performance.
Though we were up early on in the month between 17%-20%, the last 2 weeks of November became very volatile and gradually took back some of our early month profits. Unfortunately, after small come back, the last day of the month on Friday knocked us down again with a small draw down that ate away about 4% of profits leaving us with about 7% gross before performance fees for the month in both our EUR and USD accounts.
On the bright side, both of our trading accounts ARE UP near 7% gross for the month of November. This makes our 3rd positive month in a row after our most recent and significant improvements to our trading systems.
Our low monthly November minimum brought in over 100 new clients which we are still swamped with trying to process. Our current minimums is back to $10,000. It’s possible we may lower it in the future but there are no guarantees. We certainly need to catch up on other things before we want to deal with another influx of clients.