Q: Where is the Foreign Exchange Market located?

A: Foreign Exchange trading is not centralized as with traditional equity markets. Transactions are handled between two counterparties and done electronically or over the phone. Principally London handles the majority of FX volume worldwide.

Q: Who make up the Foreign Exchange Market?

A: The majority of FX transactions are handled by banking institutions along with large corporations, money managers and even small private speculators.

Q: When does the Foreign Exchange Market open?

A: The FX market opens in the US on Sunday and closes each week on Friday. FX is a true 24 market being influenced by three principal sessions which are the Asian, European and North American. Of the three the Asian is the most thinly traded with the European transacting the most FX volume.

Q: What currencies are the most popular for trading?

A: The most liquid and popular currencies for FX trading include the Yen, Euro, British Pound and the Swiss Franc. (or combinations thereof) Also, popular but having less volume is the Canadian dollar and the Australian dollar. 85% of all daily transactions involve these currencies.

Q: What is the difference between Intraday and Interday trading?

A: Intraday simply means within a day. In trading terms this applies to positions that are initiated and closed with a 24 hour period. Interday refers to between days and includes position and swing trades. Harbinger Capital Investments specializes in intraday momentum trades.

Q: How often are trades initiated?

A: Harbinger Capital Investments does not believe in trading just to trade. It has been our experience that trading volume does not necessarily equate to trading success. We trade with a proprietary trading system that uses low leverage yet still generates above average returns.

Q: What is the minimum account size taken by Harbinger Capital Investments for a managed fund?

A: The minimum account size is $10,000 USD.

Q: How do I set up a managed account?

A: Opening account documentation is filled out and mailed along with a deposit to IFX Markets, Inc. Harbinger Capital Investments will not accept a direct deposit from any investor for trading. Account funds are held in each individual investors name allowing total transparency to their funds. The client can add or withdraw funds at will. We trade your account through Limited power of Attorney. The Limited Power of Attorney is included in the application forms. You can revoke your Limited Power of Attorney at any time. Revocation of Limited Power of Attorney ceases all trading in your account. Once your account is opened, you are issued a Username and Password to view your account reports. Account reports are available for viewing on this website 24 hours a day.

Q: What is the maximum drawdown I can expect?

A: Our strategy is a proprietary system based on low leverage to limit risk yet still able to generate above average returns. It is designed as a long term investment plan. Some positions may be held for days, weeks or months. It may not be suitable for some investors and has the potential for considerable equity drawdowns while positions are open.

Q: What are the fees?

A: The only costs is a 30% incentive fee on new high watermark profits earned monthly. If you don’t make money, we don’t make money!