This is the introduction to this category about managed forex with performance records.
First it is probably evident by anyone looking for performance records for any managed forex account that there is a reluctance to show a historical performance record. To an investor this reluctance is not well understood until explained. The US Federal government has very specific rules in place that are there to discourage account managers from showing historical performance records. We have all seen the disclaimer:
The past performance of any trading system or methodology is not necessarily indicative of future results.
or
The CFTC urges you to be skeptical when promoters of trading systems and advisory services claim that their products and services will earn high profits with minimal risks. You also should be forewarned that systems which trigger frequent trading signals as part of a daytrading strategy can result in substantial commissions and fees.
HYPOTHETICAL TRADING RESULTS CAN BE UNRELIABLE
These kind of disclaimers are mandatory to protect consumers from expecting results similar to past results when all trading is speculative in nature. Trading managers are therefor reluctant to show past results.
So how is one to know whether a forex fund manager has any experience or even a track record? Therefor trading companies that offer managed trading accounts are reluctantly obliged to provide some historical performance records. And they do this by providing sites heavily laden with disclaimers which keep forex managers legally compliant. (Tho comically these disclaimers have the effect of undoing any implication that one can expect competency when one’s money is traded.)
Still I will be reviewing the various managed forex with performance records offerings in my quest to select a diversified group of investment opportunities and will make my experiences known through this blog so others can shortcut the process.
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