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Since August 2007 I started to work as an individual Forex trader/ Fund manager. My main goal is to gradually increase capital of investors who trusted their free deposits under my management. I manage trusted funds with definite trading strategies including strict risk and money management rules.
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In 2003 I started to expand my expertise and practical skills in the fields of financial market analysis and trading including methods of technical analysis and patterns of price charts, basics of fundamental analysis, money and risk management principles, trading strategies and various trading system's setups, and trading psychology as well. Since 2004 I started to work as an individual Forex trader.
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I attached several statements regarding my trading performance. Please click on statement titles to view them
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Renesource Capital (REAL) DetailedStatement (February 2010 - August 2010) :
These given REAL results include money withdraw and there is not used appropriate risk management (more than 2% - 5% risk per trade) because of investor's voluntary choice of an aggressive risk factor per trade No deals made since September 2010 because Latvian brokerage company "Renesource Capital" increased spread for EUR/CAD for about 1.5 - 2.0 pips. Although they use connection with "Currenex" and offers ECN trading it looked like kind a suspicious activity of this company. Anyway since beginning of September 2010 I didn't saw such straight visible changes of spreads for cross currencies in quoting at other brokerage companies which provide connection with "Currenex", for example, at "ALPARI UK". Furthermore, trading conditions for AUD/NZD of this company are not so suitable for strategy.
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Renesource Capital (REAL) DetailedStatement (April 2010 - August 2010):
No trades made since September 2010 because of above mentioned main reason.
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ALPARI UK DetailedStatement (March 2010 - September 2010):
DEMO - forward results. ALPARI UK "Pro" account. The optimal approach with trading both currency pairs: EUR/CAD and AUD/NZD.
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Renesource Capital DetailedStatement (December 2009 - August 2010):
No trades made since September 2010 because of above mentioned main reason.
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FXCBS DetailedStatement (November 2009 - September 2010):
DEMO - forward results. The performance includes ECN commissions per every trade. Now, FXCBS offers ECN trading accounts without commissions. Thus capital growth of +44.12% hypothetically could be higher if we exclude paid commissions. Furthermore, trading conditions for AUD/NZD of this company are not so suitable for strategy.
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MIG BANK (REAL) DetailedStatement (August 2009 - March 2010):
The REAL results for EUR/GBP, EUR/CHF and EUR/CAD until that time period when both the strategy started underperform because of increased spreads & appearance of unsuitable price trends. Thus after that strategy were adjusted for particular two currency pairs: EUR/CAD and AUD/NZD.
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ATC Brokers (REAL) DetailedStatement (September 2009 - November 2009):
The REAL results reflected until the moment when investor closed his account. There is not used appropriate risk management (more than 2% - 5% risk per trade) because of investor's voluntary choice of an aggressive risk factor per trade.
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Finally, I wanted to say that now I focus on trading with particular two currency pairs: EUR/CAD and AUD/NZD. The above given statements can give you some insights about how I traded in the last year by exact strategy with different currency pairs and how I step by step optimized and finalized my actual current approach for Forex trading.
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The other previous past trading performance can be seen at my blog: http://westhardus-investments.blogspot.com/, but, first of all, I want to emphasize trading performance only for the last year because it more objective shows the strategy which I plan to offer for "ForexSignalSafe" subscribers.
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Unfortunately, the given blog is in Latvian language, but I hope that reflected figures at that web-site can speak for themselves.
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Since October 2008 - August 2009 when I started to trade with current strategy I worked with several different strategies. That's why these results for that time period are not so consistent and not achieved by trading with one particular trading approach. To my mind it's not so correct to take into account those results as some proves for very consistent trader.
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Because of beginning of global financial crisis many brokerage companies increased Forex spreads, especially, for cross-currencies. For that reason I wasn't able successfully continue to trade with one other automated trading strategy for EUR/GBP which since August 2007 - September 2008 achieved the following capital growth: +38.0% (low risk); +51.2% (medium risk) and +95.4% (high risk). My overall experience in Forex trading is more than 6 years.
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