Forex Managed Accounts




Forex Market

Direct trading of foreign currencies is accomplished through the FOREX market, sometimes abbreviated as FX. The FOREX is the world's largest and most liquid market with over $3 TRILLION average daily volume. Trading the FOREX may be beneficial to provide diversity from such traditional investments vehicles as real estate or stocks.

And what is traded?  Not stocks, not bonds, nothing like that. MONEY is traded.  When you trade the FOREX, you buy one currency while selling another.  You might, for instance, trade this pair:  USD/JPY, which would be buying the U.S. dollar while selling the Japanese yen.

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There is no central trading location for the FOREX, which operates electronically in the retail off-exchange foreign currency market.  Retail off-exchange foreign currency market is defined by as:

“Unlike most other exchanges such as the New York Stock Exchange or the Chicago Board of Trade, the FX market is not a centralized market. In a centralized market, each transaction is recorded by price dealt and volume traded. There is usually one central place back to which all trades can be traced and there is often one specialist or market maker. The currency market, however, is a decentralized market. There isn't one "exchange" where every trade is recorded. Instead, each market maker records his or her own transactions and keeps it as proprietary information. The primary market makers who make bid and ask spreads in the currency market are the largest banks in the world.”

Woodman Financial Services places its trades through a Futures Commission Merchant (FCM) who normally operates as the market maker.  The FCM has the option of passing on the trade to their liquidity provider who becomes the market maker in the transaction.

The MF II program trades a range of major and minor currencies in both long and short positions. The MF II method focuses on following long trends utilizing daily and weekly time frames. Since inception of the program in December 2008 the average monthly return has been 13.89% with a net YTD return through June 30 of 88.95%.

Our Discretionary
 trades in the retail off-exchange Forex market in a wide range of world currencies. Discretionary program trades a range of major and minor currencies in both long and short positions. The Discretionary method utilizes fractal breakouts, Fibonacci and moving averages. Program guidelines allow for up to 3% of total equity initially to be put at risk on the market. Currencies traded in this program are: AUD/CAD, AUD/JPY, AUD/USD, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/USD, GBP/CHF, GBP/JPY, GBP/USD, NZD/USD, USD/CAD, and USD/CHF. 

The Carry Trade program was indefinitely suspended in Oct 2008 due to above normal volatile market conditions.

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Although the Captains Forex Managed Accounts Program takes measures to minimize risk, the Forex market can be quite volatile.  The Captains Forex Managed Accounts Program cannot guarantee it will be successful in minimizing risk or controlling drawdowns. Only risk capital should be used.

The minimum amount we manage is $500,000.00.