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Darwin
Experience: Advanced
Platform: Ninjatrader
Posts: 55 since Sep 2009
Thanks Given: 54
Thanks Received: 42
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Hey guys,
I was not so sure where to post this, I thought this area was good as any. Just wanted to post a warning for my fellow traders, as I searched for a review on this guy and could not find one.
His company is fairly new, Recover FX Losses, they send a lot of email out in regards to managing your forex account. They talk a pretty good game and show some great results however they can't back it up when it counts.
I am retired now, so I have a little disposable income, so I thought I would try them and see how they performed. It is only 1000 dollars to get in for them to manage your small account. I actually asked how often do they draw down the entire 1000 dollars, and was told this is rare.
On day 1, to be fair, they had the account at +$300, but in a space of a few hours went from $1300 to $208, where I finally drew the line and stopped them as I could see the account would never recover. Not sure what they are using for entries, but they are very aggressive with the amount of lots they trade, and didn't set any SL that I could see.
Just saying, hoping my experiment with this group and input will save others money.
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