Wow, I am a bit surprised at how well my GalleonFX Managed Forex Account is doing. As the heading says, my account went up 11% in just 7 days! Needless to say I am quite happy at this moment. Who knows, maybe they will manage to achieve another 75% like back in September. Last month’s profit percentage was 18.2% , so if we’re already at 11% in just 7 days then maybe this month will turn out to be more like September. I do realize however that since I have a USD PAMM (Percent Allocation Money Manager) account the devaluation of the USD is eating into my profits a bit, but the return is by far better than anything I would get from any paper assets. Here is what GalleonFX had to say about this:
The FX Market surged Nov 7th Tuesday night with the USD hitting new lows again while oil is breaking $97 per barrel and gold is at $835.50 as I type this update.
Like I mentioned just weeks ago, I was expecting some serious moves this month and we’re seeing some already. Our USD PAMM has now broke 11% in just the first week of November. If you’re still sitting on the fence and have not taken advantage of our $1000 minimum, shame on you. We’re already on track to have another great month if things continue to hold together.
If you have not sent in your application yet or funded your account yet, I would do so sooner rather than later. The month is not over and I still expect some wild swings which we should be able to grab more profits from.