I know it has been over a month since the last time we posted a news item here but there really has not been too much to report.  The past 2 months, May and June have just really been pretty choppy and flat months with no clear direction long enough for significant gains to be made.

If you have opened up an account with us 2 months ago I know you're wondering if you'll ever make money.  But I assure you these flat times will not last forever.  If you've opened an account with us last in the last 3-7 months you're sitting on as much as 80% profits in some cases.  These people, knowing that there will be draw downs are looking at the last 2 months and being happy seeing such low draw downs and may be looking at putting more into their accounts.

As a matter of fact, our lead strategy developers here has been waiting for such a time like this so he can add more funds to his trading account.

The problem with people or investors psychology is that when they see we have several great months in a row,  new investors come flooding in expecting every month to be great.  But every month can't be a great positive month. The market does not move in a straight line up   On the flip side, when we have a few flat or down months people start to question things or worse case pull out before the next big break out. 

Watching this pattern with our clients for years, I can tell you that now is one of the better times to get in while returns and results have been pretty flat and quite.

Forex is an investment that you should commit at least 6 months to and even better a full year before you start analyzing any managers performance.

Galleon's trading systems are build to stand the test of time, we have back tested on nearly all available data going back 12, 20 and 30 years in some cases.  The vision of Galleon's trading system is  to create a trading system that incorporates all known market conditions, resulting in a very long term viable system.  We do not just back test on 2-3 years of data like other managers of automated systems do. Those such systems have a LIMITED life span and will show their weakness or even disaster in the short term when different market conditions arise.  What we've developed to this point without making any tweaks is easily good for long term profits and stability for 10+ years.

Down a few percent in a couple months is really nothing in the big picture.  Market conditions do not stay the same forever and it is just a matter of time before they change in a manner that our trading systems will again be taking advantage of.

To our recent clients, hang in there, you're not in long enough to have seen the real potential of our systems work for you.

To our older clients, keep smiling as you've weathered some extremely low draw downs while still sitting on some nice profits like we've seen in the previous 8 months.  More are on the way.

To our new clients.  Now may be one of the best times to get in while things have been slow.  It is not our systems that are slow now.  It is the conditions of the market.  This is the quiet before the storm and our systems thrive on volatility.   The world and markets do not stay calm forever.

Our next 20% month could be right around the corner.