Lost half of my years salary in a week!

Quote from acdspit00:

I somewhat got myself into a bind. I trusted a moderator on a pretty big stock/forex forum and let him handle a 10k forex account.
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take it like a man...
 
no i didn't sign agreement, can either be two things..i guess he either trusted me too or didnt think he was going to be making money.
 
Quote from forex-forex:

acdspit00 ..... Could you post a link and name the mod? If not why?
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Why some people think a mod on an investing/ trading site must be an experienced investor/ trader?
 
i closed out all trades have 700 dollars to my name hehe ... learned huge lessons. Thanks for everyones help. I will give name of forum / moderators username upon request.. dont want this thread coming back to haunt me though...
 
Quote from acdspit00:

no i didn't sign agreement, can either be two things..i guess he either trusted me too or didnt think he was going to be making money.
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My 2 cents: You need to call regulators for clarification/ advice, as there might be a case potentially, imo, becuase allowing him to trade for you was based on what he told you that he will make so much money.

Please note: I'm not a legal guy at all.
 
Quote from acdspit00:

i closed out all trades have 700 dollars to my name hehe ... learned huge lessons. Thanks for everyones help. I will give name of forum / moderators username upon request.. dont want this thread coming back to haunt me though...
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Do you think you need to change password? Bye.
 
Quote from dnaj65000:

3rd big loss after your balance reinstate --AR line of $3512.62

2006.10.26 17:33 buy 4.00 usdjpy 119.47

I run Metatrader 4 as well, which is where this log is self generated. I checked the date and time stamp of that trade and it is impossible for him to buy at 119.47. It never traded at that price at that time. It is over 100 pips off.

I took a look forward and backward in time from that trade to see the last time usdjpy traded at 119.47 and was 2 days ago on Oct 24.

You got scammed. Sorry to hear it.
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Yes, the OP was clearly scammed / defrauded / taken advantage of by the "manager." But this seems to be a completely different issue. Wasn't this email / trade log generated by FXDD's MT4 platform? It's "off"... I happen to use MT4 as well, but only for R&D work and not with FXDD, so I may be missing something.

For example, take a look at the very next trade, 2061718180 2006.10.26 17:39 sell 2.00 usdjpy 118.59 . That's only 6 minutes later, yet 88 pips away from the previous trade. Nothing of the sort was seen in Yen at any time on Oct. 25-26. Taking into account the GMT+9 (I think, based on prices and email headers) time zone of the account doesn't help.

acdspit00, where are you stationed? And what's the time zone of your account?
 
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