FXCM Managed Accounts

[uptick]

Does anyone know what the Sharpe Ratio or Return Retracement Ratio is for FXCM's managed funds?

[Ceci N'est Pas Une Pip]

sorry to bump this bad boy but was curious as to how things turned out for you guys?

[mwilliamson]

Originally Posted by Ceci N'est Pas Une Pip

sorry to bump this bad boy but was curious as to how things turned out for you guys?

Ceci, My account with FXCM now stands at an 18% loss since it was opened in November 07. It dropped to that in early February and has not gained much since then. Has anyone else done any better with another broker?

[Roddy Howald]

I was fortunate to escape the February 08 draw down with roughly a wash, simply because I was fortunate enough to do two things:
1) I got lucky on my entrance in January and caught a 12% upswing, and
2) I knew not to open my account in US Dollars.
When I finally closed the account down after watching trade after trade of churning losses, I also lucked out and caught a nice run in the Japanese Yen and the Euro.

So the joke here is that the falling dollar saved my accounts from FXCM's trading. I essentially was "long cash" JPY & EUR. As a side note, I was going down the introducing broker path with FXCM and their advertising team does not listen to their compliance department. If only you could see the stuff they wanted on my website and to then go look at their own language - yeah.

Two thumbs down.

[Roddy Howald]

RCProAm - I'm sorry to hear that, I'm sure that you're looking for an exit strategy. Checkout Rovecapital, they appear to be doing well, but did have one poor month in March 08, only -3.65%. Has anyone else used RoveCapital?

[4xStar]

I have so far not heard of a managed account doing well .. and I would definitely not go with FXCM.

Just IMHO.

[RCProAm]

Thanks for the tip Roddy, I will look into the Rove Capital Funds

I just realized that I hadn't posted any updates on my Sentiment Aggressive Fund account in a while and unfortunately (for me) the fund is still performing poorly. I opened the account in mid-November 2007 and to date my account is down approximately 23%. The base currency for the account is in USD.

I imagine that the low value of USD compared with the Euro and GBP is the main factor for the poor fund performance but the published performance charts still seem a bit inaccurate. Keep in mind that there is a 2% yearly management fee on these accounts so you are still loosing 0.167% every month regardless of fund performance. The only upside is that, due mostly to my skepticism, I invested a very small portion of my portfolio into this fund... still I wish I had saved that money to buy more stock in Visa Corp. on the day of the IPO

I know FXCM offers accounts for the Sentiment Aggressive Fund in both GBP and JPY base currencies. I wonder if those accounts are fairing any better?

-RCProAm

Originally Posted by Roddy Howald

RCProAm - I'm sorry to hear that, I'm sure that you're looking for an exit strategy. Checkout Rovecapital, they appear to be doing well, but did have one poor month in March 08, only -3.65%. Has anyone else used RoveCapital?