Hi,
I am just thinking of getting into Forex trading and have been looking around for some useful advice. I have to say, there seems to be a shortage. One person I have run across is Raghee Horner. She is a fairly eloquent speaker who claims to be a successful trader as well as an author and teacher. I went to her website and listened to the webinars she has done.
My impression is that she probably does not do much trading and probably does not trade a large account.
A few things make me suspicious:
1) Under her results section she lists four separate months and simply a percentage return. (i.e. April +39.8%, May - no trades, June 18.7%, July 15.1%) No specific trades are listed. No account size is listed.
2) She claims she misses parts of months or entire months because she is too busy with other things. What trader that can make those kind of returns on partial months in a market that facilitates the size potential available in Forex would not trade more consistently?
3) She offers a managed fund but does not take a management fee. She does not take a percentage of the profit. Instead she takes two pips per trade.
From the FAQ:
Can you provide specific examples of how fees work? Not sure how to interpret 2 pips per round turn.
A. If Raghee traded 100 lots (bought and sold) there would be a 200 pip fee that would be charged proportionately to ones account size- i.e. if you had a $10,000 account and the fund had $1,000,000 total funding than you would be accessed 1% of the 200 pip fee or 2 pips on 100 lots traded.
That sounds very suspicious to me. Imagine a mutual or hedge fund that didn't charge management fees or profit fees but took $2 per 100 shares per round turn. Would anyone invest?
Anybody familiar with her and care to comment?
I am just thinking of getting into Forex trading and have been looking around for some useful advice. I have to say, there seems to be a shortage. One person I have run across is Raghee Horner. She is a fairly eloquent speaker who claims to be a successful trader as well as an author and teacher. I went to her website and listened to the webinars she has done.
My impression is that she probably does not do much trading and probably does not trade a large account.
A few things make me suspicious:
1) Under her results section she lists four separate months and simply a percentage return. (i.e. April +39.8%, May - no trades, June 18.7%, July 15.1%) No specific trades are listed. No account size is listed.
2) She claims she misses parts of months or entire months because she is too busy with other things. What trader that can make those kind of returns on partial months in a market that facilitates the size potential available in Forex would not trade more consistently?
3) She offers a managed fund but does not take a management fee. She does not take a percentage of the profit. Instead she takes two pips per trade.
From the FAQ:
Can you provide specific examples of how fees work? Not sure how to interpret 2 pips per round turn.
A. If Raghee traded 100 lots (bought and sold) there would be a 200 pip fee that would be charged proportionately to ones account size- i.e. if you had a $10,000 account and the fund had $1,000,000 total funding than you would be accessed 1% of the 200 pip fee or 2 pips on 100 lots traded.
That sounds very suspicious to me. Imagine a mutual or hedge fund that didn't charge management fees or profit fees but took $2 per 100 shares per round turn. Would anyone invest?
Anybody familiar with her and care to comment?
