Hot Off the Press

Looking for a recession and inflation proof investment? Do the equity markets have your portfolio doing the limbo? Do you want to be excited about investing again? Perhaps a Forex Managed Account is the right choice for you. For more information write to; fx.hoy.capital.management@gmail.com
"Money makes the world go around, we just help keep it spinning"

FX What?

FX Hoy Capital Management was conceived in order to address the lack of profitable non-equity linked investments in today's financial marketplace. Over the past few years, as during other periods of slow economic growth coupled with ever increasing commodity costs, many investors have had a tough time seeing any positive gains on their portfolios. Equity linked securities, bonds, notes, mutual funds, as well as real estate backed portfolio's do not bode well in this scenario.

Investing in the Spot Currency Market, or the Forex (Foreign Exchange) Market, has many benefits, not limited to the fact that currencies are both recession and inflation proof. Regardless of the current economic outlook a Country's Currency (Major World Currencies GBP/USD/JPY/CHF/EUR) will always be a positive tangible asset.

The Forex market is the largest and most liquid market in the world. Even if you are a novice investor surely you have read about the trillions of dollars that change hands within this market on a daily basis and the fact that it is considered the “wild west” of the investment world, due to it's relative newness to retail investors and lack of a central trading or clearing house as with equity markets. This market can be very exciting to trade, however it can also be very scary. Only a small amount of traders actually make money within the forex market, let FX Hoy Capital Management help you become one of those traders.

A Managed Forex Account with FX Hoy Capital Management seeks to provide it's investors with the three most basic and sought after benefits one should look for in any investment; Transparency, Control, Profitability.


FX Who?

From a one trader in his den operation FX Hoy Capital Management has grown into a multi-national on-line firm comprised of several full time traders, a systems operations specialist, and a seasoned business administrator, all of whom are focused on our primary goal; 100% client satisfaction.

Our managed account program allows individual investors to take part in our trading success. Currency trading serves today’s investors as an excellent way to diversify one's porfolio. Our aim is to significantly outperform major indices, money market accounts, CDs, and mutual funds.

FX Hoy Capital Management is based in Mexico and has active traders in both the USA and Canada. All of FX Hoy's principals trade their own personal accounts using the same strategies applied to our Managed Account portfolios.

Saturday, August 9, 2008

Meet the new kid on the block...

We are in the process of moving some of our older managed account clients over to Oanda. As mentioned in a previous post we have been beta testing their FXManager Platform for a little over two months and we are now a few days from going LIVE.

Opening an Account at Oanda and allocating funds can be a bit complicated at first so here is a quick how to guide to help you get started. (Taken from http://fxtrade.oanda.com)



How do I get started?

All of the following steps must be completed before you can allocate funds to your investment manager.

1. Accept your manager's invitation to join FXManager.

Your investment manager will send an email inviting you to join FXManager:

  1. Click on the URL provided in your manager's email, or copy and paste the URL into your Web browser.
  2. Follow the instructions to register and log in to FXManager.
  3. You should be able to see your managed account listed in the FXManager interface.

Find out more about:

2. Activate your FXTrade account.

As part of the FXManager registration process, you are asked to create an FXTrade account (if you don't have one already).

  1. You will be sent an email to activate your FXTrade account. Click on the URL provided in the email, or copy and paste the URL into your Web browser.
  2. Follow the instructions to set up and activate your account.
  3. Follow the signup instructions to send your identification to OANDA. This step is required to activate your account.

3. Place funds in your FXTrade account.

OANDA must receive funds before you can allocate them to your manager. Funding options include wire, check, money order, or PayPal.

For details, go to deposit funds.

4. Provide a completed POA.

OANDA must receive a completed Power of Attorney (POA) from you or your investment manager. Link to POA form.

You will not be able to allocate your funds until this document is processed by OANDA. You and your investment manager will receive an email letting you know when this process is complete.

Note: OANDA is not responsible for any other legal forms required by the country in which you reside. See Relationship of Parties.

How do I allocate my funds?

After OANDA receives the POA and your funds are placed in your FXTrade account (see above), you can allocate your funds to your investment manager.
  1. Using the Cash Management System, transfer funds from your principal FXTrade account to the "MA Unalloc bal" sub-account.

  2. Log in to FXManager.

  3. Next, you need to allocate the funds. In FXManager, select Account > Allocate Funds.

  4. Specify the source account. (If you have more than one Unallocated account, make sure you select the right one.)

  5. Type in the fund amount you want to allocate to your investment manager. (You can use an amount up to the funds available in the unallocated balance account.)

  6. Click Submit.

    Your allocation request appears in the Allocations table. Your manager must accept this request before the account balance will change in your Accounts Summary.

    Tip: If you don’t see fund allocations or other changes you’ve made, try disconnecting and reconnecting. Click on the Connected icon in the lower left corner, then click on it again.

How do I see what's happening to my funds?

The tables in the lower panel of the FXManager window let you track what's happening to your allocated funds, including:

Allocations — money you've allocated to the fund

Open Positions — currently open positions

Transactions — a list of all transactions that have occurred in your account (buys, sells, fees, and so on)

Fees — a list of all the fees that have been charged

Activity — a list of actions made by you and your investment manager to your account (fees, fund allocations, and so on)

For more information, see the user manual.

How do I get my funds back?

Note: Your Investment Manager must approve your de-allocation request before the funds are returned.

  1. Select Account > Allocate Funds.

    (If you have more than one source account, make sure you select the right one.)

  2. Click the Deallocate button.

  3. Specify the target account. (If you have more than one FXManager account, make sure you select the right one.)

  4. Type in the fund amount you want back (up to the funds available).

  5. Click Submit.

  6. After your investment manager approves your request and your funds are back in your FXTrade account, request a withdrawal from OANDA.

Posted by FX Hoy Capital Management at 6:19 PM
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