Mulder FX Update II
Posted by Byung Koo at 9:14 pm
NEWS Alert:
Dear clients,
We’re heading to our first negative performance month-on-month! And immediately to a big drop. May isn’t over yet and also the markets are extremely, extremely volatile but out of the woods, won’t happen.
Right now our performance dropped -26% and of course depends on when your startdate is, it could be higher.
I don’t expected that the U.S dollar rally against all other major currencies. Only with tight money management in the past we could hold this current positions. A further rally in the U.S dollar before a correction won’t help our performance. We need a revovery in EUR, GBP, AUD and some other currencies.
So clients are don’t take any open postions more, because the have a margin call of 3.5% or below. We don’t want to hit the margin call of 1%.
These volatile times gives also us a insight of what kind of movements FX could have.
Account Balance will change very rapidly, mostly down the last week but hopefully a recovery in the next weeks.
Feel free to ask your questions. Our email is: info@mulderventure.com
Best regards,
Byung Koo Mulder
CEO of Mulder Venture BV
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