If you thought things were bad before.. they just got a whole lot worse. I understand Marcos claims the trader managed to lose 50% either in one single trade or a very short time, either way this is just ridiculous. -50% is just plain irresponsible. It seems to me that neither Marcos nor the trader has a clue what they are doing.
If we are frank here, FXE was destined to failure from day one. The program paid 14% per month and as I said previously, the trader needed paying and Marcos needed paying and of course there was the referral program so the trading had to earn at least 20%, probably nearer 30%, they attempted this with very high leverage which worked at first because the trading was going well, but all traders no matter how good they are have a very bad patch at some point and with the insane leverage FXE were using it was inevitably going to finish them. From reading the forums it seemed clear that people were upset that the program failed despite "good DD" being done on them. I personally never saw any good DD. I saw people claim to see their trading account and see a couple of months of good results using irresponsible amounts of leverage but I never saw any risk assessment done on the trading, I never saw anybody comment on the high level or leverage and risk they used.
Many people seemed to think "oh, cool, they are trading it must be worth putting money in" unaware that most traders lose money and most traders who use high leverage lose a lot of money. Simple "proof of trading" with no significant past history (at least 6 months preferably with one brokerage) is more or less worthless and add no real risk assessment then we have nothing, no real DD, nothing. FXE was a disaster waiting to happen from day one. If I was more knowledgable when I started I would never have invested in this "disaster waiting to happen" program. As soon as I learnt, I got my money out. I hope people learn from this. A real forex hyip paying 14% per month consistantly is a "distaster waiting to happen" program. If they could earn enough to sustain a 14% per month hyip, they sure would not want the hassle of dealing with $100 egold hyip investors! This is why there are no real forex based hyip programs that have paid in excess of 14% per month that have lasted in excess of two years.
My hope is that FXE refund peoples money. If Marcos wants to play irresonponsible games with large amounts of money, it seems highly unethical that it should be at other peoples expense.
