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08.05.
Dear Subscribers!

Earlier this week we closed two positions. This resulted in a small profit and less exposure on the accounts. Since the GBPCAD price is not really trying to go lower, we will exit the remaining open trades in a similar manner.

In the meantime, we would like to ask everyone to cancel their existing PayPal subscriptions, as we are not taking any new trades at the moment, but would like to successfully exit the existing ones. After cancellation, all open positions by our system will still be controlled on your account.

We will then offer the service for free for an extended period of time on existing accounts as compensation.

Unfortunately, the exchange rate went up very sharply during July, but we now want to be able to resolve the current situation soon.

Best regards,
NCM team


07.25.

Dear Subscribers,

We are sending another mass email as we are unable to respond to all incoming requests individually.
We expect a fall in the GBPCAD price next week, fundamentally and technically everything is pointing to this. Unfortunately, it is taking significantly longer to get out of stuck positions.

Many people have asked why the last trade has not opened. The reason is that subscribers who closed manually or hit their maximum drawdown limit earlier are not opening new positions.
These accounts are automatically paused until trading returns to normal.

In the future, we will probably make minor changes to the copy platform. Learning from the current situation, we will put some limits if another strategy is running on the same subscriber account. For now, everything will remain as it is.

We will find some channel to keep everyone informed, as understandably many people miss this in the current situation.

Best regards,
NCM Team


07.22.
Our hosting has experienced a hardware failure on July 21st. The restoration process has been completed but you can still experience technical issues when browsing our website. Please note that e-mails sent yesterday to our mailing address were not delivered because of this error.

This issue does not affect our trading system. We are still controlling all open positions for our users.


07.08.
Dear Subscribers,

We would like to give you some information about the situation this week.
We are stuck in a bull trend with sell positions. We have had this in the past. What is different about the current situation is that it is longer lasting. There are several reasons for this. On the one hand, we are trying to trade less aggressively because of the increasing account volume. On the other hand, because of the low trading volume we have seen in recent months, we see smaller back and forth movements in the first place, which could be a good basis for an exit.

We are currently waiting for the right price at which we can open an exit position. Knowing the weight of the matter, we are approaching it cautiously.
However, in recent days we have received nearly 500 emails waiting for a response. Unfortunately, we do not have the capacity to answer them all, especially in the current situation.

We would love to discuss in another situation what we are doing, but at the moment, this is not possible, so please refrain from giving us good advice and making requests.

We have also received feedback on the cancellation of the service. If anyone decides to do so, we are sorry, but please make sure that you cancel your subscription with Paypal, take the balance out of your trading account, or change its password.
If the market allows, we will try to get out of the current positions. It will take more time than usual and may take even longer.

We are currently at a drawdown of 14%. We have been through more than that, we are not aiming for new highs, but we are also not rushing into an exit strategy with unnecessary risk.

We hope our letter gives some reassurance to those who are worried about the future of their account.

Best regards,
NCM Team

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.