Managed Forex Accounts

I thought Devrim might take some time off first this month after eking out a small profit in May, but he jumped right back into the market. By the end of Friday, the account got into an unprecedented drawdown, 40% in the 2X DEV account. I really don't like this particular trade, holding a hefty position over the NFP announcement and then over the weekend. This really makes me nervous. Have to see how this resolves next week. With these big drawdowns, the risk/reward looks a lot worse now than it did before last November. It probably makes more sense for most people not leveraging this account from now on. The 2X account should be regarded as high risk.

This drawdown makes me appreciate the low leverage in WON account particularly. We work with the trader closely and actually hold LPOA over this managed account, so we have direct input on risk management and leverage usage. The positions went against us by a few hundred pips earlier in the week, and yet we were only floating down a few percent, thanks to the low leverage. We are now up 2.5% for June with the market swinging in our favor by the end of the week, with the positions still open.

QFXMA (previously QFX) had no trades this week.

Labels: devrim, forex managed account, managed forex accounts, qfxma, WON