I thought I’d update you all on how my FXCM Sentiment Aggressive Fund Managed Forex Account is doing, and I’m very sad to report that it not doing very well at all. My once $1000 test account is taking a major pounding and is now at $851!!! Nearly 20% drawdown (trust me it was above 20% a few hours ago).
If I was to venture guessing why this is happening I’d say that it is probably caused by market volatility. However if this keeps up I may be forced to remove the LPOA from FXCM’s hands and just trade the account myself or just take the money out and look for some better MA.