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Devrim
FX
Devrim Managed Forex Program
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Access This Page Directly:
http://devrim.altavra.com
Forex Risk Disclosure Statement
THE
RISK OF LOSS IN TRADING FOREX CAN BE SUBSTANTIAL.
YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH
TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR
FINANCIAL CONDITION. IN CONSIDERING WHETHER TO TRADE
OR TO AUTHORIZE SOMEONE ELSE TO TRADE FOR YOU, YOU
SHOULD BE AWARE OF THE FOLLOWING:
IF YOU
PURCHASE AN OPTION, YOU MAY SUSTAIN A TOTAL LOSS OF
THE PREMIUM AND OF ALL TRANSACTION COSTS. IF YOU
PURCHASE OR SELL CURRENCIES IN THE FOREX MARKET OR
SELL AN OPTION, YOU MAY SUSTAIN A TOTAL LOSS OF THE
INITIAL MARGIN FUNDS AND ANY ADDITIONAL FUNDS THAT
YOU DEPOSIT WITH YOUR BROKER TO ESTABLISH OR
MAINTAIN YOUR POSITION. IF THE MARKET MOVES AGAINST
YOUR POSITION, YOU MAY BE CALLED UPON BY YOUR BROKER
TO DEPOSIT A SUBSTANTIAL AMOUNT OF ADDITIONAL MARGIN
FUNDS, ON SHORT NOTICE, IN ORDER TO MAINTAIN YOUR
POSITION. IF YOU DO NOT PROVIDE THE REQUIRED FUNDS
WITHIN THE PRESCRIBED TIME, YOUR POSITION MAY BE
LIQUIDATED AT A LOSS AND YOU WILL BE LIABLE FOR ANY
RESULTING DEFICIT IN YOUR ACCOUNT.
UNDER
CERTAIN MARKET CONDITIONS, YOU MAY FIND IT
IMPOSSIBLE TO LIQUIDATE A POSITION. THIS CAN OCCUR,
FOR EXAMPLE, WHEN THE MARKET MAKES BECOME ILLIQUID.
THE PLACEMENT OF CONTINGENT ORDERS BY YOU OR YOUR
TRADING ADVISOR, SUCH AS A “STOP-LOSS" OR
“STOP-LIMIT” ORDER, WILL NOT NECESSARILY LIMIT YOUR
LOSSES TO THE INTENDED AMOUNTS, SINCE MARKET
CONDITIONS MAY MAKE IT IMPOSSIBLE TO EXECUTE SUCH
ORDERS. A “SPREAD” POSITION MAY NOT BE LESS RISKY
THAN A SIMPLE “LONG” OR “SHORT” POSITION.
THE
HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE
FOREX CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE
USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS
GAINS. IN SOME CASES, MANAGED ACCOUNTS ARE SUBJECT
TO SUBSTANTIAL CHARGES FOR MANAGEMENT AND ADVISORY
FEES. IT MAY BE NECESSARY FOR THOSE ACCOUNTS THAT
ARE SUBJECT TO THESE CHARGES TO MAKE SUBSTANTIAL
PROFITS TO AVOID DEPLETION OR EXHAUSTION OF THEIR
ASSETS. THIS BRIEF STATEMENT CANNOT DISCLOSE ALL THE
RISKS AND OTHER SIGNIFICANT ASPECTS OF THE MARKETS.
YOU
SHOULD ALSO BE AWARE THAT THIS TRADING ADVISOR MAY
ENGAGE IN TRANSACTIONS ON MARKETS LOCATED OUTSIDE
THE UNITED STATES, THESE MAY BE SUBJECT TO
REGULATIONS WHICH OFFER DIFFERENT OR DIMINISHED
PROTECTION. FURTHER, UNITED STATES REGULATORY
AUTHORITIES MAY BE UNABLE TO COMPEL THE ENFORCEMENT
OF THE RULES OF REGULATORY AUTHORITIES OR MARKETS IN
NON-UNITED STATES JURISDICTIONS WHERE YOUR
TRANSACTIONS MAY BE EFFECTED. BEFORE YOU TRADE YOU
SHOULD INQUIRE ABOUT ANY RULES RELEVANT TO YOUR
PARTICULAR CONTEMPLATED TRANSACTIONS AND ASK THE
FIRM WITH WHICH YOU INTEND TO TRADE FOR DETAILS
ABOUT THE TYPES OF REDRESS AVAILABLE IN BOTH YOUR
LOCAL AND OTHER RELEVANT JURISDICTIONS.
THE
TRADING ADVISOR IS PROHIBITED BY LAW FROM ACCEPTING
FUNDS IN THE TRADING ADVISOR’S NAME FROM A CLIENT
FOR TRADING. YOU MUST PLACE ALL FUNDS FOR TRADING IN
THIS TRADING PROGRAM DIRECTLY WITH A FUTURES
COMMISSION MERCHANT.
Peregrine Financial Group, Inc may act as
counterparty to your forex transactions. Past
performance is not necessarily indicative of future
results. There are substantial risks associated with
leveraged products and additional risks with
off-exchange transactions such as those in this
managed forex account program.
Devrim
FX
Devrim Managed Forex Program
The Devrim managed forex
account program offered by Altavra Incorporated is
managed by Devrim Akyil, who was educated in Turkey
where he received his MBA. Mr. Akyil started his
trading career over a decade ago, refining his
trading skills while at work for major banking
institutions in Europe. Devrim became an
independent broker for selected high net worth
individuals and in September 2006 he initiated a
managed account program by demand of his clients,
the results of which have surpassed all his
expectations.
Devrim’s trading
strategy trades mostly major currency pairs, seeking
short-term profits while constantly assessing risk
factors. Probably Devrim’s strongest traits are his
discipline, which enables him to virtually eliminate
the emotion from trading decisions. The trader uses
Fibonacci levels, moving averages and proprietary
indicators developed by Mr. Akyil. Consistency is
the main objective and therefore a conservative
approach to trading is adhered to.
The commission charged
is $60 per million USD traded and the minimum
account size is $10,000. Below is a monthly recap
of the trading system net of commissions and
incentive fees, which are 30% of new high-watermark
profits. There is no management fee.
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Devrim FX
Compounded Returns |
|
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
YTD |
Year |
|
0.83 |
1.98 |
2.31 |
1.91 |
0.32 |
-14.87 |
3.80 |
|
|
|
|
|
-4.96% |
2008 |
|
3.66 |
2.72 |
2.73 |
2.56 |
2.63 |
2.29 |
2.02 |
2.84 |
2.43 |
0.21 |
3.52 |
1.91 |
34.01% |
2007 |
| |
|
|
|
|
|
|
|
|
4.36 |
3.52 |
2.43 |
10.66% |
2006 |
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Devrim FX Statistics |
|
2008 YTD Performance |
-4.96% |
|
Average Monthly Return |
1.26% |
|
Annual Standard Deviation |
13.29% |
|
Monthly Standard Deviation |
3.84% |
|
Months Profitable % |
95% |
|
Average Gain in Profitable
Months |
2.55% |
|
Average Loss in Unprofitable
Months |
-14.87% |
|
Sharpe Ratio (Risk Free Rate
of 3%) |
1.26 |
|
Leverage Ratio |
30
: 1 |
|
Average Holding Period
(days) |
1 - 10 |
|
Maximum Intra-Month Drawdown |
-32% |
|
Assets Under Management |
> %10 Mill |
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All performance presented is from actual
trading, net of all fees and the results
are compounded.
Statistics from August 2007 are from
accounts cleared by Peregrine Financial
Group, Inc., which is a member of the
NFA and registered with the CFTC as a
Futures Commission Merchant.
Data prior to August 2007 was provided
by the trading manager.
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Peregrine Financial Group, Inc may act as
counterparty to your forex transactions. Past
performance is not necessarily indicative of future
results. There are substantial risks associated with
leveraged products and additional risks with
off-exchange transactions such as those in this
managed forex account program.
Disclosure Statement
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