I'm not new to Algo trading. It's not for the faint hearted. You must let go of the money that you commit to it, stop looking at it every day and get on with your life and trust the guys in charge. Making the decision to go with Gemeos was firstly about transparency.
1) Do they have verified trading accounts with a track record. YES
2) Have they been trading for more than 3 years. YES
3) Have they any reasonable negative reviews that show a consistent pattern of failure by the team. NO
4) Are they easy to communicate with, is their response time poor. NO
5) The biggy... Do I contain control of my invested funds. ABSOLUTELY
CONCLUSION: Kevin has presented himself very transparently in public, with a social media presence. The team is quick to answer questions and happy to do face to face team meetings etc. The biggest red flag for me is whether I have to hand my invested cash over. If that was the case, then I would be out straight away. NEVER hand your invested cash to anyone, make sure it gets traded in your own account. (small piece of advice for newbies).
At the end of the day, there is a programmed algo automatically trading the main account getting copied to our sub accounts. They get paid a small kick back from the brokers based on turn over and they charge a small monthly fee for your account to stay connected. They don't profit share, so we get to keep all the upside. Based on my experience in this space, you really can't get much fairer than this! Now, I have made the best determination about the people in the company and I have said good bye to my funds, I'm not putting in money I can't afford to lose and I trust the process and the team and I'm in it for the long haul. There's a stop loss of 30% or so. I have chosen to dial down the risk to 50% for now and so far, although it not for the faint hearted, we are all making money.
If you don't understand drawdowns and forex trading don't do it. The trading style in Q is pretty intense and trades can stay open for weeks, get hedged, waiting for a reversal. I'm in for the long haul, I trust the process and know that this is a high risk venture, which I'm happy to take as I have a lot of low risk ventures. All the bad reviews I read are from those who never even started with Gemeos, or freaked out after one poor month.
I'm happy to be with a team that's here for the long game. Congrats Gemeos for your integrity, consistency and trading discipline!
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