The Millennium Basic Portfolio (MBP)Forex account is an intra-day, discretionary program that uses proprietary trading setups and strict risk management. The money manager of MBP is an extremely experienced FX trader.

This managed forex program employs sophisticated pattern recognition of price data instead of traditional technical analysis setups. It aims to exploit supply and demand dynamics, while keeping the leverage within a controlled range (de-leveraging is possible for high net worth forex investors or financial institutions).

The MBP Forex Program uses a very selective trading strategy that seeks to find and take advantage of only quick, low-risk opportunities in certain liquid currency crosses. This program aims to achieve a greater degree of stability and precision by focusing on the least volatile trading period in the Forex market: the Asian market hours. It also avoids trading during news announcements and other unpredictable events.

MBP can trade multiple times a day, from Monday morning (when the FX market opens) to Friday evening. It avoids to avoid having to hold positions over the weekend. This eliminates the risk of holding on to positions when the market is closed, leading to greater risk control.

During each daily trading session, positions are opened and closed. No position remains open when the FX market closes on Saturday morning (Asia time). This negates the possibility of suffering a large loss due to market gaps; a risk that is present in most equities mutual funds and longer term forex programs.

What are some advantages of the MBP managed account?
  Low investment minimum - US$10,000.
  Constant Monitoring and Optimization (if necessary) from a highly-experienced forex algorithmic money manager.
  Relatively quick trades - More time in the market means greater exposure to market risk. That's why the managed MBP account aims to exit trades relatively fast.
  Strict risk management - The risk per trade is limited, as well as the total leverage employed.
  Exploits Supply/Demand Price Dynamics - Based on pattern recognition of price movement in real-time, including velocity, duration and effort.
  Short trade duration - Currency positions are opened and closed every trading day.
  Complete transparency for clients - Clients open accounts in their own name and the money manager has only limited power to trade the account - and no access whatsoever to customer funds.

Forex is the asset class that is experiencing the highest demand in the managed account arena. This is not surprising, given the fact that traditional markets like stocks and real estate have performed so poorly in the last decade.

Unfortunately, many forex managed account programs are not accessible to the retail investor and operate behind the scenes at the institutional level. Nevertheless, high net worth investors that want to diversify into the largest financial market in the world (foreign exchange), have more option when it comes to managed forex.

If you are a high net worth investor who is interested in forex managed accounts and have more than $50,000 of capital to allocate, we can structure a portfolio of different institutional-type managed FX programs for you. Please note that each of these programs has a minimum requirement that's typically $50,000 or above; so the amount of investable capital you have available will determine in how many of these programs you'll be able to participate in.

What are some advantages of MMP High Net Worth Managed FX Programs?
  Low investment minimum - US$50,000.
  Diversification - Forex is uncorrelated to traditional investments like stocks and bonds, so investors who desire diversifying their portfolios can do so via managed forex accounts.
  Ability to participate in institutional forex investments - A larger risk capital base gives high net worth investors more choices when it comes to managed forex. This is an advantage that the retail investor does not have and it adds another level of diversification to an investor's overall portfolio.
  Ability to hedge against currency risk - High net worth investors that are worried about how the devaluation of the US Dollar (or any other currency) can affect the buying power of their money can open a managed forex account in major currencies like the Euro, British Pound, Swiss Franc, etc. - or in multiple currencies for greater diversification.
  Complete transparency - Accounts are opened in the investor's name at a regulated brokerage firm, so the money managers trading the accounts do not have access to the funds; only a limited power of attorney to trade them.

Interested investors please read the DISCLOSURE statement at the bottom of this section.

MIB Diversified FX Managed Account in Action: The managed MIB Diversified FX Portfolio is currently comprised of over 18 global currencies from six or more foreign trade regions or sectors. Each country or region offers unique currency pairs which are determined by a country's dominant merchandise trading partners.

The currencies in the current portfolio were selected because of the calculated beneficial relationships to the portfolio's overall performance and potential risk reduction as well as potential market liquidity. The Portfolio will grow and evolve over time; it is currently made up of the following:

1. European (EUR/USD, GBP/USD, EUR/CHF, EUR/GBP, GBP/CHF, USD/CHF)
2. Canadian (USD/CAD, EUR/CAD, AUD/CAD)
3. Japan (USD/JPY, EUR/JPY, CHF/JPY, CAD/JPY, AUD/JPY, GBP/JPY)
4. SE Asia (USD/SGD)
5. Australia region (AUD/USD, EUR/AUD, NZD/USD, NZD/EUR)
6. Africa (USD/ZAR - South African Rand)
7. South America (USD/BRL - Brazilian Real-pending)
8. Gold (cash gold is available at some FCMs - as a hard currency).

Strategic currency selection:
At least one market from each geo-sector is a potential candidate for trade selection at any given time. We may trade more than one market from each sector at one time, but that depends on size of account and other proprietary factors. Trading candidates are currencies with the highest statistical probability of generating a profitable trade in either up or down, when compared to competing currency signals within the same sector. This proprietary selection technique is one of creative hallmarks that we use in an attempt to increase the forex portfolio's return possibilities while concurrently trying to reduce drawdowns that are intrinsic to any free market investment.

Not always in every sector and can be "flat":
At any given time, the trading system may not have a current position in each of six to seven geographic sectors, and could be out of the market. This could be due to unfavorable market conditions, which can result in a low statistical confidence level for future tend-ability, or it could be because a recent trade has been exited without a subsequent new entry signal within that sector, or a new account begins trading during a period without a subsequent new entry signal within that sector.