Total trades; 260

Break even trades; 131

Net trades; 121

Total winners; 79

Total losers; 50

Winning percentage; 61.2%

Losing percentage; 38.8%

Average winning trade; 1.62%

Average losing trade; -1.74%

Largest winner; 28.9%

Largest draw down; 9.4%

ROI; 38.5%

Our invitation links have now been activated and can be accessed via our blog;

www.fxhoy.com

The links are on the top right hand side of the page under the heading FHCM Services. There are two links, one for account under $5,000 USD (<) and one for accounts over $5,000 USD (>), please be sure you click on the correct link in accordance with your initial deposit.

If you haven't yet opened your FXTrade account you will be directed to do so after clicking on the link, if you have and your account is funded it will lead you through the steps to allocate funds to our Managed Fund, the Fx Hoy AM Fund.

Once your account is setup please get in contact with me so we can sign the LPOA (limited power of attorney) and Fx Hoy's external fee agreement and contract.

Our short lived idea to open a pool for smaller investors has been thrown out. We thought we had a good grasp of the legalities after chatting with a few corporate attorneys with experience in this type of operation but it seems we were in over our heads. Our posting of this offering on this blog violated one or more of the exemption clauses stated by the NFA. Rather than attempt to rectify this we are going to discontinue the idea.

Every cloud has a silver lining however; We have decided to send all new managed account clients to Oanda. We originally posted during our early testing of the FXTrade platform that we where unaware that they did not allow hedging, which caused some concern as we occasionally use this tactic in a ranging market. This issue has been resolved as we have simply adjusted ourtrading strategies accordingly to not involve hedging. Our returns on the FXTrade demo have been inline with those on our other managed accounts so we are ready to go live.

The good thing about Oanda is accounts can be opened with as little as $1.00. (Though our minimum will be approx $1,000 USD) This will allow us to serve smaller investors as was our goal with the pool, and not fall into any pitfalls due to regulations and different countries laws regarding pooled investments.

We are in the process of getting the live accounts setup and we will make an announcement once we can being accepting live accounts.

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Who would be interested in opening a true managed forex account; your account in your name, full control of your money, no third party deposits, no risk of someone running away with your money, FULL transparency; with as little as $250 USD?

I have made a few posts on this forum regarding managed accounts and most responses I received where regarding the relatively high minimum deposits, ie. $10k and up. I attempted to launch a forex pool, registering with the NFA and trying to follow their regulations to the "T", however it just wasn't feasible and was WAY to much involvement for the expected return.

Having RB relationships with several brokers I attempted to find a solution for the smaller investor. I had been demoing the Oanda FXManager Platform for about 2 months with decent results so I decided to do a little more research on their company as I was not to familiar with their trading practices. To my delight clients are able to open accounts with as little as $1.00, and because of the PAMM style FXManager Platform this does not effect trading one iota.

Since posting on my blog re; Oanda, I have moved 3 of our larger managed account clients over to Oanda in order to get the account started. Because these accounts are of decent size I can now accept new accounts with VERY low minimums.

For the first 60 days or so I will allow clients with as little as $250 USD to allocate funds to our FXManager account. Once this promo has passed the minimum will be raised to $1,000 USD.

If you are a veteran HYIP'er, don't you think it's time to stop throwing your money away and actually start investing it? And to those HYIP newbies out there, run away, run away and don't look back. Regardless if you decide to give our managed accounts a try, for pete's sake if you have some money to burn...well....you might as well light a match.

The FX Hoy Capital Management Starter Fund is now open and accepting deposits. For those clients who are unable to open a managed account with the required minimum deposit this option may be something to look into.

We have opened a trading account with FXOpen a fairly new broker who accepts e-currency as a deposit method. We tested several brokers who accept e-currencies and found FXOpen to be the best option for FX Hoy and it's clients.

FX Hoy Capital Management has been registered with the NFA ( National Futures Association) as an Exempt Commodity Pool Operator, NFA ID; 0398013, and our FHCM Starter Fund has been registered with the NFA as well under Pool ID; PO39366 / Exemption 4.13(a)(2). When the pool surpasses the legal depositor or total equity value the fund will be closed to new depositors and a new fund may or may not be opened.

Deposits can be made into the FHCM Starter Fund starting at $500.00 USD on up to $5000 USD. Deposits over $5000 will be referred to FXCM in order to open a managed account.

FX Hoy Capital Management will charge 2% on all new deposits to cover basic administration costs and costs related to Liberty Reserve itself. Withdrawals will be free of charge. No other fees will be charged to depositors other than our standard performance based fees which vary from 35% to 50% depending on the depositors overall equity balance.

More information can be obtained by heading to our blog @ www.fxhoy.com and clicking on the FHCM Starter Fund #1 link on the top right hand corner of the page.

Visit our main blog by clicking here

We are now posting screen shots of our Zulutrade and FXCM Mirror account weekly after Friday's close. Previous screen shots can be viewed by clicking on the appropriate label on the right hand side of the page.

Well here's a novel idea....STOP it.

We are giving away free daily signals on the pound yen via Skype to sign up simply click on the Skype link on the right hand side of our blog. If you want to receive signals on a variety of pairs based on more than one strategy see below.

Are you too busy sleeping when most of the action is taking place? Or do you have one of those "Jobs" we are always hearing about? ZuluTrade may be the solution for you.

Zulutrade is a innovative web site that allows you to choose from hundreds of the world's best signal providers and have your account auto-traded 24 hours a day for FREE

Interested? Take a tour of the Zulutrade web site here

P.S. - We have recently started providing signals via ZT as well, you can have a look at our performance here

Not the best way to end the week, with a loss, but we still managed to close out with 210 pips.

For those of you wondering what percentage return is gained on a 210 pip trading week, here is a quick pip/percentage ratio calculation based on OUR money management guidelines;

3.5% Risk per trade (Meaning that a 100 pip lose equals 3.5% of your balance) equals 0.035% per pip, so;

210 pips X 0.035% = 7.35%

More pips to come, stay tuned.

Visit our NEW blog for all our LIVE trades and updates

All signals will now ONLY be placed on the new blog, however PIP Count updates and news will be posted here as well.


Click here to visit our NEW Blog/

LIMIT LONG GJ @ 204.25 (Price jumped up and may not make it to 204.25)

SL 203.25 (203.50)

TP 205.25 (205.50)

The above question is a good one, mainly because Managed Forex Accounts are NOT right for every investor.

Off-exchange foreign currency trading on margin carries a high level of risk. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose.

This statement is not meant to scare you, however it is meant to open your eyes. If you do a search online you will find thousands of web sites telling you how "easy" it is to trade currencies, and how many millions of dollars the advertisers have made following some "easy" system they spent years perfecting, and how this system can be yours for only a few measly bucks.

Point blank; The forex market is one of the most UNPREDICTABLE markets to trade in the world. There is no "holy grail" system which will make you a master trader overnight. I personally have been trading forex full time for a little over 2 years.....after 5 unprofitable years of trying to trade full time. Five years of great, fantastic, AMAZING, months only to be followed by terrible, horrendous, UNBELIEVABLE loosing months. I paid 10's of 1,000's of dollars to 'gurus' and ran through over 75k in "blown" accounts along the way. I was caught up with all the hype on how easy forex trading was and how anyone could do it. I remember opening my first demo account and tripling my monopoly money in 36 hours; then opening my first LIVE account, doubling the money in 2 days, and then loosing it all one week later.

After so many years of trial and error I finally decided to create my own strategy and follow my own trade "signals" rather than someone else's. I am continually learning and continually trying to make myself a better trader. Each day in this market can teach you a years worth of knowledge if you are humble and smart enough to pay attention.

One thing I can say is above all else MONEY MANAGEMENT is the key. A not so great strategy with superb MM can still produce profit, however a winning strategy with poor MM and you WILL loose your shirt.

Since mid 2006 I have been averaging a 15.7% Monthly NET return for my clients by sticking to very strict trade guidelines and an even stricter money management plan. Now past returns are in no way indicative of possible future returns, and as with ALL investments losses are a fact of life, however if you think you have the risk tolerance and are looking for some portfolio diversification in something that is not effected by the failing economy a forex managed account with FX Hoy Capital Management may be right for you.