Given Goldman Sachs' (NYSE: GS) stellar trading performance in the first quarter, during which it did not lose money trading on a single day, you might think the bank's trading advice would be just as profitable. But according to a Bloomberg analysis, seven of the investment bank's nine "recommended top trades for 2010" have been "money losers for investors."

Clients who followed the advice lost 14 percent by buying the Polish zloty versus the Japanese yen and 9.8 percent trading British pounds for New Zealand dollars. In April, Goldman advised clients to buy Chinese stocks listed in Hong Kong, predicting the Hang Seng China Enterprises Index would soar. But it has since tanked.

The bank's 2010 performance so far this year is a reversal from 2009, when nine of Goldman Sachs's 11 trading recommendations made money. The year is not even half over, so there's plenty of time for Goldman Sachs to adjust. But few clients should expect to be able to replicate the firm's performance, which was driven by wider-than-average spreads and strong agency business. 

For more:
- here's the article

Relared Articles:
Clients wary of Goldman Sachs as it applies its 15th principle?
Can the big four sustain trading gains?
Goldman Sachs, JPMorgan trading fares well in first quarter