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Have FXCM Trade For You
By Tim Shea | July 26, 2007
Lately, it seems like we’re coming out with something new everyday. The latest product from FXCM is Managed funds. These are designed like mutual funds, where FXCM’s computer systems do all the trading for you based on extensively tested automated systems. We’ve been offering the successful Sentiment Fund to clients for some time now, and we are now adding 2 new funds that are very exciting. The first is the European Currency Fund. It uses technical indicators to trade the EUR/USD and USD/CHF. It’s had a great run so far this year, chalking up 32.6% returns in January to June. Has your mutual fund done that? Mine certainly hasn’t.
The Sentiment Fund has always been interesting to me, because it trades based on market positioning. FXCM’s own proprietary positioning data is the source for its signals, and it has given a strong 4.74% return in January to June. I’ve talked to a number of people interested in this fund that felt it needed to be more aggressive, so we made the Sentiment Aggressive fund. This fund has just started trading at the beginning of the month. It uses the same strategy as the Sentiment Fund, but with double the leverage. We expect it to have about double the profits and double the drawdown of the current Sentiment Fund. Without proper risk management, this high degree of leverage can lead to large losses as well as gains.
The results mentioned are after management fees. You can enter in or leave the fund at any time; there is no lock-up period. For more details, check out:
http://www.fxcm.com/managed-funds/managed-funds-programs.jsp
*Past performance is not necessarily indicative of future results.
**Performance results are based on the system employed by the fund
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