Currency Cash Flow Machine | Daily Q&a With Mike Maffei

Mike Maffei answers questions about Currency Cash Machine, trading the bank order flow, and mirror trading.

Question:
How many (k) should I set for my account with 10k balance.
Should I follow 40k according to your system setup guide or follow you 27th May 2011 recorded webminar ?
After scanned the strategies, there are 14 pairs of currency.
Please gives your advice.
Thank you.

Answer: With 10k balance you should have 10k on all the pairs. Question:
enjoyed the first webinar. I know there were a flood of questions and not all were able to be answered.

Question:
Money management. It seems Mike now wants us to trade fewer lots than recommended on the website.
I have a balance of $2,000 and when the mirror trading began for me last Thursday I started by trading EIGHT micro lots with that amount in my account. If that needs to be lowered, tell me what Mike now recommends??

Answer: That needs to be lowered to 2 micro accounts until we build up some profit then we will increase. Question:
It seems Mike is backing off of his claims in his video by now asking us to trade fewer lots. If hes doing 91 percent this year and has such a great track record, why is he backing off now that people have signed up?

Answer: We are not backing off now that people have signed up. We provide a plan for members to achieve the most growth with the least PRINCIPLE risk. Reference the 10k to 100k db account i started with 10k and used 10k lots until i built profit then i increased my risk with the houses money Question:
In two of my winning trades on Thursday and Friday..one collected 35.7 pips and the payout for that trade was $23.25. In the other 30.7 pips were collected and the payout was $20.11. Again, I was trading 8 micro lots and using my FXDD account. And in the losses the amount lost is a little more than pips lost? Why such a big difference? I dont like having to make 30 pips to earn 20 bucks when trading 8 micro lots. That makes trading with your system EVEN MORE DIFFICULT!! Wouldnt you agree?

Answer: Give the system time to compound. Last week wasnt a great week when we do have one you will see decent growth and will be able to increase your risk with the houses money. Question:
I put on 90 as I have 40K in my account currently and that sets the exposure meter in the red, is that cool?

Answer: You should have 40k on each of the pairs. The exposure is red bc if we were to be in a trade on all the pairs at once you would run into margin issues. With that said we will never be in all the pairs at once. With the mm we rec you will be fine.. Question:I was a little disappointed with your monthly expectations. Were the stats that you used to sell your system inflated or did you handpick the best times?

Answer: Not handpicked or best times. We just want to prepare members that sometimes you have to wait for the perfect month to really see huge gains. Could happen this month or 4 months from now. Question:
Are you sending out the revised investment sizing re lots to account balance

Answer: Yes we already did Question:

1) We are all first concerned with our own prosperity. With such a remarkable system, why share it? Whats in it for you to do this?
2) If enough people use the system, will it fail? I suspect this may not be true, as the sums of money are so large
3) Will you limit the number of people using this system?

Answer: Yes if at anytime we feel that the system is overloaded we will stop taking sales and just service the existing members. Question:
How does ccfm trade during volatile market conditions such as non-farm payroll announcements to avoid having a large spread applied to the trade, or which broker(s) do not increase spreads during those conditions?

Answer: We will only trade during these times if we can get the price we want including the spread. Additional Information:

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