Global Forex Club

Posted: Wed Sep 20, 2006 5:36 pm

After a long delay, it look like GFC is ready to roll.

There were some losses due to the sudden drop in Gold prices - these were unavoidable!!

Will post updates as and when available.

Newbie Joined: 06 Oct 2006 Posts: 53

Funds have reached the broker FX-Solutions. There is still some documents that need to be approved but hopefully trading will start some time next week.

Posted: Mon Oct 09, 2006 5:43 pm

Gulliver wrote:

Funds have reached the broker FX-Solutions. There is still some documents that need to be approved but hopefully trading will start some time next week.

Hey gulliver,

Thanks for the update, I was waiting for news that the funds were cleared before I posted.

Hopefully that will be soon, and we can see some partial trading results for this month.

Levaz

Newbie Joined: 06 Oct 2006 Posts: 53

Trading has finally started. Now we have to wait for the first results. I hope everything goes well with this.

Posted: Fri Oct 13, 2006 4:35 pm

Please note that those of you that are considering this program, it has been moved to the "invitation required" folder.

The Admin has decided that only current members can recommend potential investors. The maximum number of investors is still 1,000.

Please use the e-mail link to request access if you want.

Levaz

Posted: Fri Oct 13, 2006 4:35 pm

BTW, there are no referral commission, just in case, you guys were wondering.

Newbie Joined: 25 Sep 2006 Posts: 12

What are the returns ?

Posted: Fri Oct 13, 2006 7:25 pm

viptrader wrote:

What are the returns ?

Returns are variable based on trading results - anticipated to be between 10% - 20% monthly.

Newbie Joined: 25 Sep 2006 Posts: 12

Thats not a lot , then I better do myself forex Cool

VT

Posted: Fri Oct 13, 2006 8:20 pm

viptrader wrote:

Thats not a lot , then I better do myself forex Cool

VT

One would expect them to take a cut off of the top for all their efforts. This is meant for people that do not trade for themselves.

Newbie Joined: 25 Sep 2006 Posts: 12

Ok I agree , but still 10% - 20% a month how much profit they take then ?

VT

Posted: Fri Oct 13, 2006 9:15 pm

viptrader wrote:

Ok I agree , but still 10% - 20% a month how much profit they take then ?
VT

Most of the information is posted on their website. In a nutshell, after the brokers fees, the program admin takes 25% of the net. There is also an allowance for a reserve fund which is to kick in in case of losses. There are web costs and maintenance. There are generally higher expenses when running a program than when one person trades on a personal basis.

Newbie Joined: 25 Sep 2006 Posts: 12

levaz wrote:

There are web costs and maintenance. There are generally higher expenses when running a program than when one person trades on a personal basis.

Don't be so naif levaz , I know a lot of traders who making more then 20% a week and also running website is not costing that much to maintain.

But of cource its your choice to follow them and to invest.

Have a nice weekend

VT

Posted: Sat Oct 14, 2006 12:04 am

viptrader wrote:

Don't be so naif levaz , I know a lot of traders who making more then 20% a week and also running website is not costing that much to maintain.
But of cource its your choice to follow them and to invest.
Have a nice weekend
VT

I don't think that I am being naive. This is their strategy - it is a less agressive trading strategy. There are several cuts - brokers, admin, reserve, expenses, mods, etc.

Trading personal funds from home/office is not as expensive - time + trade fees - that is it. Paying for establishing an IBC, Business account, security, servers, etc. amount to a bit, all before any profits are seen. This may be small amounts but they do add up.

I would much rather a modest 15% than a risky 60% with a 40% exposure. I am aware of programs which offer much higher returns with a possible max of 30% drawdown - I am not interested in those. And I would not recommend those programs to anyone.

Posted: Fri Nov 03, 2006 8:10 pm

The first month was not bad with a double digit return for only partial month trading.

So far so good!!

Levaz

Apprentice Joined: 20 Nov 2006 Posts: 80

viptrader wrote:

levaz wrote:

There are web costs and maintenance. There are generally higher expenses when running a program than when one person trades on a personal basis.

Don't be so naif levaz , I know a lot of traders who making more then 20% a week and also running website is not costing that much to maintain.

But of cource its your choice to follow them and to invest.

Have a nice weekend

VT

I hate to sound skeptical but I'd have to say those 'traders' are pulling your leg. Only 3%-5% of 'real' traders make a consistent return month to month and NONE that I've ever looked into (which is about 40) make double digit WEEKLY returns.

If that was the case, you certainly have no reason to be here!! Just give them $5K and retire a millionairre by the end of next summer. It would certainly make for a WONDERFUL Christmas. Laughing

Newbie Joined: 18 Dec 2006 Posts: 44

Man I wish I could make double digit returns every week Razz

Apprentice Joined: 24 Nov 2006 Posts: 98

viptrader wrote:

levaz wrote:

There are web costs and maintenance. There are generally higher expenses when running a program than when one person trades on a personal basis.

Don't be so naif levaz , I know a lot of traders who making more then 20% a week and also running website is not costing that much to maintain.

But of cource its your choice to follow them and to invest.

Have a nice weekend

VT

Hello viptrader,

could you recommend some of those traders doing 20%? We are very interested on them if they trade for true.

Newbie Joined: 06 Oct 2006 Posts: 53

Hm, I couldn't access the website (forum) yesterday. Today I get access but there is no content anymore. I hope it's just a technical problem - guess we'll find out soon enough.

Posted: Thu Jan 04, 2007 1:12 pm

Probably is a technical problem, we will contact one of the external auditors and find out.

Levaz

Newbie Joined: 06 Oct 2006 Posts: 53

There is some information in the comments on HansG's Blog. The server has crashed and the host is having problems restoring the data. It's taking quite a long time though.

Apprentice Joined: 20 Nov 2006 Posts: 80

Gulliver wrote:

There is some information in the comments on HansG's Blog. The server has crashed and the host is having problems restoring the data. It's taking quite a long time though.

The GFX Admin has been in the HYIPD discussion thread and explained what's going on. As for today, the GFX Frontpage is up but there's nothing of substance when you click on it. A little at a time I guess.

Newbie Joined: 06 Oct 2006 Posts: 53

I just checked again and the forum is back up. As far as I can tell everything seems to be intact. Smile

Let's hope it doesn't happen again.

Apprentice Joined: 20 Nov 2006 Posts: 80

Gulliver wrote:

I just checked again and the forum is back up. As far as I can tell everything seems to be intact. Smile

Let's hope it doesn't happen again.

Ya. In this arena, inaccessibility is usually equated with the DEATH of the program. My heart can't take too many more!

Newbie Joined: 09 Oct 2006 Posts: 35

hello guys, if this is invitation only, could someone help me out here?