forexsystemresearch.com Review

Today is the first of June.

I checked performance and see it hasn't been updated since March.

There seem to be many sites, signals and managed accounts that only update when the news is good.

I am always curious when the updates lag to see when what the results are when they are actually posted.

This is Mike from Forex System Research. The post from Lee Wei Chung is a fake and is from a competitor or someone with nothing better to do with their time. We do not have a client named Lee Wei Chung. We do not have a single client from China. We did have customers open in August, but we have not lost any clients that started in August.

It is sad that people can use a good service like this forum to talk trash about their competitors. I wish there was a way to challenge a review that is obviously fake and have it removed.

Unlike 99% of the managed forex accounts on the net, we provide our actual account statements on our website. We provide our updates also, for good months and bad months.

Best Regards,

Mike Dion
Forex System Research

Mike, all we stated were facts about your last months performance, and how we thought your risk management is not what we expected it to be. I did not say anything that is a lie or untrue.

Joined in August, i'm not happy with thier risk management thus far. There was a peak to valley draw down of almost 20% at one point. Although they recovered 10% towards the end of the month, this is too much to stomach for me. As the aggressive recovery could have resulted in a bigger draw down. If you can't stomach wild draw down swings this is not for you. I would only consider this if their positive returns were 30-40% per month but they are only posting a 6-7% average therefore I think it is a matter of time before all profits gets wiped out since the positive months are sub par.

Lee

Hi there,

I just joined this site and was reviewing other people's reviews of www.forexsystemresearch.com

As I am involved in their managed account program, I felt it was only fair to these guys to post a positive review as it is the best investment that I have in my portfolio, by far I might add.

As of today July 27th 2008 my account just hit an all time new high.

My returns match what is posted on their website. All of the trades in the statement that they post match my account.

I admit I only opened up with a small 10K test account, but I will be liquidating some other investments in my portfolio and will be sending them a lot more money!

Great people to work with and the returns have exceeded my expectations.

Regards,

Jason

I have been involved with Forex System Research from the beginning in Sept 2007 and can confirm that the account statements they post on their website are accurate.

As of todays date, July 9TH 2008, my account is up 32.58%

What I like the best is that the system is out of the market at the end of every day.

Similar to others that have posted reviews, I also had a bad experience a while back with another forex managed account from a different company. The problem was that it was down 30% which was the point where the manager had to stop trading. They contacted me and had all kinds of reasons why I should remain in the positions. Next thing I know, I had lost the majority of my account before I closed it.

I too have funds in trade with Mike Dion and his trading team, whom he likes to keep under wraps, who can blame him and quite honestly who cares as they deliver the goods. I for one have no issue with respecting the traders privacy in order that they can continue to enhance their trading robots and regulate daily trading without interruption, far better to allow them to concentrate solely on the trading and let Mike get on with the marketing and customer service, both of which he is very good at I might add!

I have been with them since September and can confirm that the trading issues they encountered when trying to trade multiple accounts through a MAM / PLAMM (I

My experience with this is service is limited, but even so, nothing but positive. Please allow me to explain...

As I endeavour to be an accomplished, successful full-time currency trader, I employ a strategy that has 3 parts:

1) manual, short-term trading, i.e. scalping
2) semi-automated strategies & signals
3) fully automated, managed accounts

My hope was to have a strong entry for #3 while I wrestle with discipline issues concerning #1, and continue to test/trial candiates for #2. As it stands today, I am confident I at least have #3 taken care of with forexsystemresearch.com

I don't have first-hand prior experience with managed accounts, but I have seen similar situations as the previous reviewer illustrated, i.e. seemingly too-good-to-be-true accounts imploding through mismanagement.

Although the automated trading used by forexsystemresearch.com is a nice feature, it's not the main reason I am with them. What sold me is their track record, and their continual refinement of their systems, with enhancements and additional robots coming online at regular intervals.

I followed their system intently since Apr/07, and when it became available as a managed account, I joined in Sep/07. I initially stayed with them for less than a month, preferring instead to use my funds for pursuit #1 above. Even so I continued to receive updates from Mike & his trading team, and intended to eventually rejoin their program.

Over the fall & winter, continued improvements were made. In spite of various technical hurdles, posed mainly by the original broker they were clearing through and the broker's third party Multi Account Management software they were forced to use, the managed accounts still made excellent gains. Once they moved from Velocity4x to GAIN and the requirement to trade through a 3rd party MAM was removed, things improved considerably.

In Mar/08 I converted my account to GAIN & refunded it with more than I put in back in Sept. Although I now have only 1 complete month with them, the results were exactly as I had hoped (15%), and totally in keeping with their excellent track record thus far.

Because I am meticulous with all 3 of my trading approaches, I tracked the daily changes to my managed account (easy to do through GAIN's web report). Over the month of April, these were the stats:

days no trades: 10
days of gains: 7
days of losses: 8
avg.loss: 0.8 %
avg.wins: 3.0 %

As the previous review noted, the fact that there are several days of no trades is actually reassuring. These guys pick their battles, and ones they are most likely to win. Over-trading is always a danger in forex. As well, with losses averaging 0.8 % while wins average 3.0 % show that these guys exemplify the axiom: cut your losses early, and let your profits run. Even more encouraging is that a 2nd robot is joining the overall trading strategy in May that will trade the reversals.

All of the above assures me that I have made the right choice with forexsystemresearch.com

Now if only I could get #1 & #2 working, I would be firing on all cylinders... :)

ForexSysytemResearch.com

Hi Everyone,

Just thought I would make a post to let you all know about my experience so far with ForexSysytemResearch.com and Michael Dion.

First of all let me give you a bit of background information on my experience with forex trading and managed accounts.

In 2005 I started with a managed account with a company I had read about online called FXIG (Forex Investment Group) It was attracting good reviews, promising 20% returns and some associates of mine had funds in there so I took the plunge. The thing was this was all done with e-gold (a form of online currency) and the only tracking I had was a simple login on their website where I could monitor the balance. Being the naive investor in this exciting new world of forex i did no due diligence and was very, very lucky to pull my funds out before the whole company stopped paying out to its members. That was almost 2 years ago and people are still waiting.

I then put my funds into a real managed account with a company called NSFG or North Sea Forex Group. The owners were very transparent and I was able to speak with them at any time on the phone or on Skype. The funds were to be placed in a reputable brokerage firm bgcpartners.com in the UK. I had online and phone access to the account and could see the account being traded live. The returns were steady and realistic 10-15% a month....we also had negative months but overall I was happy with them. It was then I put more and more funds in as it was all going very well. What i did not consider however was that this account was being traded by a human and humans make mistakes and can get far too emotional when dealing with large sums of money. After 12 months of great returns the unthinkable happened. Our trader took a gamble....he went against his usual set of rules in the hope of a massive financial gain.

31st August 2007 which I like to refer to as "Doomsday" his massive open positions moved against him and I subsequently lost 75% of my money. It was devastating; a company that I trusted and recommended highly to others could be so negligent with my funds to take such a huge risk. The trader and money managers told us it was their fault, claimed they were all leaving the business and I was then left to withdraw what was left of my prized nest egg.

From then on I decided I would never let another person trade my money again. I lost all confidence in the so called money managers and forex experts.

In October 2007 I was talking with a long time associate Michael Dion whom I had known for about 5 years, we worked together in the internet marketing industry in the past and I remembered that he was involved in the forex market as an educator and broker. I then told him my story about my experience with managed accounts and he told me that he was currently testing and reviewing a managed account that trades via a computer system that is programmed to stick to a strict set of rules. I was allowed to view all the back data and saw that it had been performing quite well, I was most impressed by the fact that it was a computer doing the trading and the risks of large draw downs were impossible as the system simply did not allow it.

I was interested in opening an account however Mike wouldn