please send me more info on your forex trader program at [email protected]
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please send me more info on your forex trader program at [email protected]
please send me info on the forex trading
thanks sam [email protected]
Me too , keep me updated please : thenabu(at)gmail.com
Thank you !
Don't know what "Nikolin's" on but I'll have 2!!
I just wanted to let everyone know that I have sent out another update on Fusion ATS. If you have requested to be on my mailing list and didn't receive todays email, please check your junk mail. If it's not there please let me know and I'll send it to you by pm.
For those who were contemplating the agent opportunity with Fusion ATS, this message was part of this morning's update... "this week we'll be able to start accepting new agents for one last run before we reach the maximum amount of Agents we will accept".
It looks as though this will be the last shot to become an agent and from what I heard the cost will still be at $499.
I'll post here as soon as I hear anything for sure or you can continue to check the link in my signature.
Take care,
scotty
Me to, me to. Please keep me informed on the Forox trading. I know that this can be very lucrative. How much knowledge is needed to get going and to be profitable?
[email protected]
Hi Stefan,
To answer your question, there is a TREMENDOUS amount of knowldege, training and experienced necessary to become a successful forex trader.
The good news with Fusion ATS is that YOU don't have to be that trader.
By giving a professional the authority to trade on your behalf, you can reap all of the benefits of their experience regardless of your personal knowledge/trading skills.
The only thing required from us, is to open an account at the broker, sign a Limited Power of Attorney form and fund the brokerage account.
My account has now been trading live since May 29th ( on the Interbankfx platform ) and there were times when I didn't understand why the trader entered certain trades and didn't exit others. I eventually had to come to grips with the fact that he was the professional and I was not. He knows what he is doing and I have come to really appreciate his trading style.
I'm one month into my "test period" and am VERY satisfied with the results thusfar. My account is in profit and the drawdowns I experienced were manageable and short-lived.
The latest update I received said that they should be accepting new agent applications by the end of this week. There was still no specific mention of the "client only" accounts but my hunch is that they will be made availbale at the same time.
I will keep you posted in this thread and via email for those who have provided one.
Take care,
scotty
PLease keep me informed about this managed Forex Fund,
Thanks
Boaz
[email protected]
Please add me at [email protected]
Scotty has your MBT account started trading yet? Mine has but only a little. I'm encouraged by the IBFX results so far :)
Hi Nick,
Yes the IBFX trading patterns and results have been very encouraging.
I actually don't have an account with MB Trading...for whatever reason they only accept clients from 2 of the 10 Canadian provinces ( Alberta and Ontario )and I happen to live in a "restricted province" lol.
I had a chuckle when looking through the "restricted countries" list seeing places like Iraq, Iran, Afghanistan Cuba, Syria, North Korea etc. and then there's Canada lol.
I know they plan on launching their own Hedge Fund relatively soon, that will give anyone in a restricted area access to ALL their traders.
Cheers,
scotty
any further news on when potential new agents can view a website or enroll?
Thanks.
Nothing yet my friend. The message on the FusionATS website states that all current members will receive log-in information for their new site between July 6th and 9th.
This new site/back office is supposed to have actual application forms that new agents will sign.
As soon as I hear that the doors are open, I will send a message out to my list and post here in ROL Club so keep watching your inbox as it shouldn't be too much longer.
Cheers,
scotty
Hey folks,
I wanted to pass along some exciting information regarding the Fusion ATS program.
They are about to launch under a new name ( Infinity Trade Group ) and have made some changes to their existing plans along with adding a very valuable new service.
Going forward any client wanting to open an account in their own name with either Interbankfx or MB Trading will be required to fund it with at least $10,000.
However...
They have introduced an alternative called the "Infinity Account" which can initially be funded with as little as $1,000. This fund will be managed by BOTH the trader at IBFX and the trader at MB, as well as 2 firms from Switzerland ( the Swiss traders normally have minimum account requirements of $500,000 ).
So from what I understand, you can have these 4 firms each managing an equal portion of your account for as little as a $1,000 initial deposit.
I'll keep you posted as I hear more informaiton.
Cheers,
scotty
I went up to the site and read the terms. So, it looks like if you want to test drive the 4 traders via the Infinity account, that account is not in your name. It must be a pooled fund of some sort. The infinity account holder will have an infinity online login to see end of day balances, not realtime as with a personal, $10K account.
I look forward to more information being presented. However, I wonder why the customer agreement has so many grammatical and spelling errors. Are these terms written by an attorney? And if not, why not. I'm not trying to nag, but I do believe in professional presentation, especially when you are talking about such large amounts of people's money.
In any event, looking forward to more info about the infinity account and the two newly mentioned swiss firms and their details. :thumbsup:
Thanks for the update, Scotty. I noticed you didn't mention anything on the agent option; however, if it is still in the works, do you know of whether or not they have raised the $500 entry now that they've raised the regular client account to $10,000?
Best regards,
Thelema
I agree with you in3worlds...anyone who has received correspondence from Jason Sincyr ( Fusion's CEO ) can attest that grammar is not his forte lol.
My guess is that the bulk of the agreement was drafted by their attorney with Jason amending certain sections. For instance, "section 2" pertaining to the customer accounts was obviously written by Jason.
In the past, these mistakes have eventually been corrected but we have to keep in mind that they still haven't officially released this website. I'm still waiting for an email telling me that it's ready as finding it was really just an accident.
Hopefully this will be fixed before they go public.
Take care,
scotty
From what I hear it should be ready by Monday with the programmers working overtime this weekend to get it ready.
Quote:
I don't know that it is actually functional. At this point I don't know if the "sign-up" form is just for an agent or if it's for clients as well but there's no harm in someone trying it out ( please report back here with the results ). Again you'll find the link in my signature below.
I just signed up as an Agent, there were no other options available.
Really I wanted to sign-up as a Client but will have to wait. :waiting:
Important update…
Hey folks,
Since Friday I have heard several different versions of what is in store for Fusion ATS. While all the stories were very positive, only one ( or a combination of all ) could be true.
Thankfully I managed to connect with Jason Sincyr ( Fusion’s CEO ) this afternoon and I will give you what I know straight from the boss himself.
First of all, the name Fusion ATS is officially done…going forward the company will now be known as Infinity Trading Group.
They are about to launch the “Infinity Fund” which will basically give us access to all of their traders without requiring us to come up with the minimums for each broker. The process to open an account in this pool will be much less onerous and WILL be available to those who live in areas considered “restricted” by some of the brokers ie. ALL of Canada will now have some options outside of the IBFX platform.
The minimum funding amount for the Infinity Fund will be $1,000 and will initially be open to AGENTS only. The cost to become an agent will be $499 through Paypal.
The fund will eventually accept "investor only" accounts but Jason said that he wants agents to experience results first and really feel good about their business before introducing clients.
As has always been his method, he wants the foundation to be solid before adding the next layer. He figures it will be another 2 to 3 months before they open the fund to investors and at that time he figures the minimums will be raised to $3,000.
The option is still available to open accounts in your own name with either Interbankfx or MB Trading but the minimums are $10,000 and again this is currently only available to agents. Investors will have to wait the 2 – 3 months to take part.
So to recap…
If you join Infinity Trading Group as an agent your cost will be $499 ( this is a one-time fee…not annual ). You will then be able to deposit into the Infinity Fund starting with a minimum of $1,000. You’re looking at a total “out of pocket” of $1,499.
If you would rather join as an “investor only”, you will have to wait another few months to participte in the fund. The minimum deposit for the Infinity Fund will be $3,000 at the time it is opened to investors.
I actually came across a conference call with Jason Sincyr that anyone considering this opportunity should definitely listen to. http://www.webtrafficguy.com/forex/indexaudio.htm
It was recorded back in May so some of the information is dated but he does make reference to the “hedge fund coming in a couple of months” which is in fact the Infinity Fund.
He gives a great idea of where this company is heading and if he accomplishes even 10% of what he expects to, this will be a huge success. He does a very nice job of outlining the benefits of the agent opportunity…most people make the mistake of comparing an “agency” to MLM. The reality is that, as an agent, you could not tell a single person about this program and still potentially generate a very nice long-term residual income because of the company wide profit sharing that EVERY agent will take part in regardless of referrals.
I know that those of you looking to just become clients may be disappointed in this news but I take it at as a very good sign when a company owner does NOT want to rush money into his program. Anything good is worth waiting for.
Take care,
scotty
Quote:
Jason Sincyr ( Fusion’s CEO )
Is Sincyr ( SINCERE ) really his name ?
This investment reminds me of PIPS & WELLSPRING.
Is there anyway of validating the company &/or the CEO ?
Is there any danger of it getting closed down by the S.E.C.
like the above mentioned ?
I can tell you that
1. I am an AGENT
2. I have 2 personal Forex Accounts (MB and IBFX)
3. I did sign a LPOA to allow VanNatteer Trading Inc ( they are Licensed )
to trade my accounts.
4. I had to send in all kinds of documentation to these brokerage firms because my accounts are business accounts
5. You deal with the brokerage firms for trading issues and not Jason.
6. I haven't LOANED any money to him or has he asked me too.
7. I have BEEN WITH JASON for about 14 months now...I even new about this venture when he started planning it...when he was running a FOREX SIGNAL SERVICE.
8. To this day...He has practiced what he's been preaching...
JASON'S WORDS
Basically we have built a hedge fund.. however we are taking it off shore
as in the US hedge funds would not be a good option for most of our group
The minimum would have to be 500k and we could only allow 100 clients
So by simply going off shore we can allow our agents to get into it with 1K
and then later when we open to investors it is 3k
I cannot grasp why you think this is like a PIPS/WELLSPRING thing... I got burnt in those as well...With these programs I gave them my money...in hopes that they work thier magic...
With Infinty trade Group.....I will be able to control my funds....I already temporaily dropped the LPOA on my MB Trading Account because Brad and the software aren't working together and there has been about 15% drawdown...
With PIPS and WELLSPRINGS...I could not of done that...
Richard
Thanks for answering some of my questions.
I'm sure you understand my reasons for asking though,
DD has to start somewhere.
Having been burnt by "Investments" or whatever guise they appear as, so many times before, it's natural to take whatever precautions is reasonable.
This appears like a good investment that my group will be very interested in I'm sure, but it is always my job to check it out a little before I recommend it or not.
Again thanks for your quick response. :thumbsup:
Also just to add this is all above board as far as the SEC go.
LAURENR,
no problem....I do understand the your way of thinking and traveling in this FIELD we play in..
Keep searching until you feel comfrontable ( I can't Spell LOL!!!!)
Richard
This is one reason why Jason is allowing only Agent at this time....We get to test drive the system for 1000 + 499 Agent fee for about 2 -3 months before we allow investors only.....
He wants us to FEEL GOOD ABOUT what we have here before we bring in others....
Richard
Dear Scott,
Can you please put your comments on it.
Do we here need to fear of usa SEC.
are you sure that this will not be next FXIG.
Hi info4shah,
I honestly don't know what FXIG is but I'm assuming it is one of many "high yield" scams that are so prevalent online.
I personally don't have any worries about my account being on the wrong side of any government agencies. The money I have invested is "risk capital" ( money that would not adversely affect me if I lost it all ), and I am in complete control of the deposits/withdrawals.
The difference between this program and a typical HYIP is transparency. We know exactly where the funds are being held and exactly how money is made/lost in this program. There are no "2% a day" claims and they are very up front about this being a "variable rate of return"...it is based 100% on the performance of the trader(s) and the accounts literally fluctuate with each tick of a traded currency.
There will be profitable trades and losing trades, there will be days where the account is up and days where it is down. There are no guarantees offered and very clear disclaimers on the risks involved in trading currencies.
Basically we are giving authorization to VanNatter Trading Inc to manage our account. Brad is a licensed series 3 futures broker and a foreign exchange spe******t as well as a CTA ( Commodity Trading Advisor ). He is fully licensed and authorized to accept accounts from clients and trade on their behalf.
This process has been established following the proper protocol as opposed to sending funds to some e-gold account and hoping to cash in on some outrageous ( and most often bogus ) claims.
Having said that, I do believe that people need to be careful how they represent this program. If you go around posting returns on public forums, or try to "smooth talk" someone into participating without mentioning the high degree of risk, you could be in trouble. People NEED to be aware that this is a very volatile market and that they should ONLY be using risk capital to take part initially.
Once they have some history under their belt, are comfortable with the day to day ups and downs and performance over a matter of weeks, then they can decide whether or not to increase their exposure.
I don't live in the USA so I'm not all that familiar with how the SEC works, but I do know that every US broker I have checked out offers some service for "Managed Accounts". If this these were not compliant with the current laws, I imagine that these services would be quickly removed.
Just my 2 cents.
scotty
the sign-up software is an absolute Pigs-Ear !
I tried to sign-up & pay through Paypal, when I did it
charged me $1 !
I think it has over written & given me someone elses account,
this is very worrying.
What's going on here ? :nono:
Hi Lauren,
I must apologize as I'm sure that I'm partially to blame for your confusion. I know that my posts are usually quite lengthy and some of the important points can get lost. This is a portion from my post a few days ago...
Just to confirm...the site is not yet live and the sign-up form is not yet functional. It hasn't been officially released and I just sort of happened across it by accident.
I knew there were some people who were very anxious to get signed up as an agent and were very nervous about "missing the boat".
I let Jason Sincyr know that I had a number of people in this situation and he gave me some instructions for them to join manually. He asked me not to post those instructions publically and I have only sent it to those who have requested it.
So I have no doubt that the sign-up software is a "pigs-ear" ( love the expression by the way lol ) but that's only because it's not yet functional. I apologize if my previous posts created the wrong impression.
So basically you have 2 options...you can wait until the site goes "live" ( at that time the sign-up form will be fully functional ) or you can send me an email and I'll pass along the instructions for signing up manually.
For what it's worth, I don't believe it's necessary for those wanting an agent position to sign-up prior to the launch. There will be 1000 positions made available which should be plenty of time for those wanting to join to do so provided they act with the first couple of days.
Hope that clears it up laurenr.
scotty
Scotty,
How will I know if the site is working or not to accept new sign ups? Also, can you shed some light on the difference between the $10,000 account and the $1,000 account? Thanks in advance.
Davek
Hi davek,
All of the current members will receive an email letting us know when the site is up and running. I will be posting that information in this thread as soon as I receive word but if you prefer, I can also keep you updated via email ( just pm me your address).
In my opinion the differences between the two accounts have everything to do with access and diversity.
For instance, MB Trading does not accept clients from certain parts of Canada ( I happen to live in one of the "restricted provinces" ) so up until now my only option was to use the Interbankfx platform for my trading. This has worked out very well and I am extremely pleased with the performance so far, but my fate really is in the hands of one trader and one trading style.
We all know that diversification is one of the main components of risk management and the Infinity Fund ( with the $1,000 minimum ) is the vehicle that will provide that diversification as the funds in the pool will be traded by all four traders ( more will be added to the mix as the fund continues to grow ).
If I simply wanted to open an account in my own name and have it traded by all four parties, I would personally have to come up with the minimum requirements at each broker...$10,000 for IBFX, $10,000 for MB Trading and $500,000 for each of the Swiss platforms. By placing my money within the Infinity Fund, I can achieve this same level of diversification for as little as a $1,000 outlay.
So basically the $10,000 accounts give you access to just one of the traders while the Infinity Fund gives you access to all of them for a tenth of the exposure. If a person is comfortable with a particular trader's style and wants to use them exclusively, then they are certainly welcome to open an account directly provided they meet the $10,000 minimum. In my opinion however, it's never a bad idea to hedge your position and spread the risk.
Hope that helps,
scotty
That's probably why Infinity Fund is a "hedge" fund. :thumbsup:
Why has there been no news from the Infinity Group ?
Please help.
so can new people join right now as members?
Hi p0op3y,
Yes new people can still join but only as an agent at this point.
It will be at least a couple of months before "investor only" accounts are accepted as they want to make sure that their agents first have some personal experience with the service before they even consider approaching prospective clients.
I've been with these guys for well over a year now and the one thing I've come to realize is that they don't rush anything. While it's sometimes frustrating just sitting on my hands and waiting, I have seen the results of this methodical approach in the past and in the end it's worth waiting for.
So basically, agents can still join ( albeit manually ) although we can't yet fund our accounts. Investors interested only in having a managed account will have to wait at least another 2 months for the opportunity to join.
Take care,
scotty
Scotty,
I sent you a PM to add me to your email list regarding Infinity Trading Group and other programs worthy of joining.
My email: [email protected]
Thank You,
Derek Altoun
Scotty,
I have been now with them for a couple of months and have two(2) accounts. Day and longterm, beside being an agent in waiting.
But I cannot say I'm very happy (impressed) with the trading results sofar.
Especially daytrading
Regards,
pz
To everyone that sent me a pm, my apologies for the late responses. I was away and have just logged in today for the first time in about a week.
Bruiser, I hear what you're saying. I only have an account at IBFX so I can't really comment on the MB platform, but in the week that I've been gone, my account went from from a nice positive position to now floating in the negative.
This may sound a little strange but I'm actually glad to be going through this. Dale ( the trader on IBFX ) has stated that while these particular drawdowns occur frequently, they always come back to positive eventually. It may take a matter of weeks for that to happen, but in the meantime the portfolio is positioned to make about 4% monthly just off the SWP profits.
I see this as a good test of his trading philosophy which in my mind makes sense because he is simply playing off the correlation between two currencies. In a perfect world, when the GBP/USD decreases the USD/CHF should increase.
What happened in the current trade is that the GBP/USD dropped drastically and the USD/CHF went sideways and ultimately decreased when theoretically it should have gone up. The correlation between these two pairs are now significantly out of whack and according to Dale's theory, they will eventually come back into line which will bring the positions back into profit.
If he does indeed "wait out" this drawdown and closes these trades in profit then it will solidify the safety of his trading style in my mind. It's one thing to see it on paper and understand it conceptually but it's another thing to see it play out with my own money.
He is staying disciplined in his approach because he has been in this exact situation in the past and will be again in the future. Here's a quote from his weekly trading report... "We have had these kind of draw downs before
and yet every time - let me emphasize EVERY TIME!!!, the pairs have come back to where they are in balance or in a positive (profit taking) relationship. This could be days, weeks or longer, but it always happens. In the mean time we will collect Interest (SWAP) "...
As an agent and someone who will eventually be taking this to clients, it is helpful to be going through this. When I explain to people that these markets are volatile, I will actually have some numbers to go along with it. Although I believe that over the long term this account will produce significant returns, I want to make sure that prospective clients understand what a drawdown is.
This is also why I plan to tell people only to check their account every few months. If anyone becomes emotionally attached to the movements in their portfolio, the term "peaks and valleys" will be an understatement.
There are WAY too many ups and downs in this market for those types of people and they will either be living in ecstasy or agony depending on the day lol. The reason that 95% of people fail in this market is because we are too emotionally invested ( myself included ) to stick to a disciplined approach. The decisions are instead made out of fear or greed which are always counter productive.
So while I don't like seeing my account floating negative, I'm willing to give the trader whatever time is necessary to work through this drawdown. I trust he knows what he's doing and if he closes out these positions in profit ( which he's confident he'll do ), then we can have confidence during any future drawdowns that the "losses" are only temporary. That alone will make this experience worth it in my opinion.
Take care,
scotty
Scotty,
Thanks for that imput
I'm feeling better
pz
Well, they finally blew up. The trader wiped out my IBFX account from $500 all the way down to $20. Talk about poor money management!
That's what happens when the trader refuses to accept the fact that he/she made a mistake. The just keep sitting on the trade thinking, oh it will turn around, tomorrow will be better. All the while, the ship is sinking.
Anyway, I'm done with this one. Think I will stick with trading my account on my own. My 3 - 6% per month might be puney, but at least it is better than what my bank pays or losing everything like these guys did.
Does anyone know what the process is to revoke the Limited Power of Attorney for the trader? That's the one thing I am unsure of, but I want to keep his hands out of the cookie jar, especially once I refund my account for personal use.
~Geo