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Old 10-31-2008, 04:50 AM
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Default cash monsterz Review

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  #2 (permalink)  
Old 12-10-2008, 03:16 AM
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Default they lost my $10,000 account in less then 1 week!

Just one word of caution...BEWARE!...within 1 week my USD 10,000 was blown out by their managed account team...terrible style of trading...kept on opening positions and adding on to losing trades...no risk mgmt whatsoever...now that I have been a victim..you dont have to learn it the hard way...please take guidance from my bitter experience and AVOID these guys..specially for their managed account scam. If anyone wishes, I can provide proof in terms of my live accounts report from FXCM. My heart will feel much lighter if all of you take the advice and AVOID these guys. Lets make their scam business a failure. Once again if anybody needs proof, I am open for it...riz_haq11@hotmail.com
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Old 12-23-2008, 05:12 PM
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I was trading their signals for 1 month. I lost about 10% of my account just becouse my good money management.
They send you 3 different take profit levels. The first one is very tiny, so it sometimes hit, but you don't want close the trade with very small profit. By using this trick they show good past performance on their webside. TP 3 was never hit. TP2 very rarely. After hiting TP1 I was using trailing stop and end up with some small profit. Problem was that the trade went often straight to stop loss which was not so tiny.
In case you want use their service I would suggest use good money management and close at least half possition on TP1. This way I believe you can end up with some small profit or breakeven. But I don't think it is worth your money and time.
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