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With the site and the future of Club-FX, Peter shares via GoldenTalk,
Hi all,
Yes, as peterg said…(again ) once I reach a point where the fund is large enough then I will change the compounding options to zero and members will have to draw their earnings every month. As well as stopping the compounding I’ll have to reduce the amount of interest as well, this I’ll do in stages and give at least 2 months notice before i do. I’m sure you can understand that the larger the fund gets the larger the position sizes get and the more money is at risk.
I expect we will make the first reduction later this year to around 15%. And the reserve fund is also going to happen… definately. The reserve fund is more for my own piece of mind as it will take all the pressure off me to perform in the markets.
It seems the script hasn’t added anyones earnings yet, so I spoke to the support at ajsquare where i bought it. they tell me they think it is to do with the activation of members when they join (which I have been doing) but maybe it only calculates from the date of activation. I only discovered that the accounts needed to be activated a few weeks ago and since then have been activating all accounts.
I asked them to change that to make all the accounts activate automatically because having to do it manually is a pain in the %^&*.
I have made sure that there is enough money in e-gold for this months withdrawals so any one wanting a withdrawal, please just send me an e-mail and let me know how much and I will do it manually starting today. I will update the script as soon as they have made the changes.
I really don’t feel like adding everyones earnings manually again so they just have to fix it. That’s what I paid them for.
Please don’t pm me for a withdrawal, it’s easier for me if all the withdrawals are in one place for me to work through, so i do prefer the e-mail. Thanks
Regards
PeterB
And a mystery person whom Pete is teaching to take his reigns if anything happens (touching wood of course), who could it be?
Oh, and for anyone wondering about the life of CFX, well, I have no intention of stopping the club at all. To ensure the longevity of the program I have a few plans that we are working towards.
one is to reduce the interest amount… slowly, this will make it a more secure and less pressured program (for me). I know it’s a bit of a tough pill to swallow but by then everyone should have made some profits and have a little in the club to earn something every month.
Another is the creation of the reserve fund… that speaks for itself.
And something else I’ve been working on, is to personally teach some of the members to trade so in case I need a break or can’t trade for some reason the club will live on. I am teaching a well known member in this forum, and his integrity and desire to trade is second to none. So if I ever do decide to resign then there will be someone else to take the reigns. I can’t tell you who it is yet ’cause i never told him i would mention it here.
He’s going through a learning curve at the moment (the part where you make some losses…lol) and if he survives this part then he’ll be a better trader than me. At least that’s what I’m hoping for. (by the way, he is trading with virtual money, so no real losses).
So as for the life of the club… well I don’t see and end on the horizon, and the horizon is a good few years in front of us.
And a little note: I was just paid.
Popularity: 3% [?]
Small note…
That person he’s learning to trade, watch out with him if he ever takes over the program. You can learn all the tricks and stuff in theory on a virtual account, but you have zero experience when it comes to live, thats something you can only learn over time with ups and downs..
I’ll make sure the message gets across to him Steve
Somehow I think he already got the message!! Glad I found Clug FX.
Seems the programs end is near.
Why would you say that?
Do you think He remains mysterious, Jude…?
(hey I hope you had a wonderful break!)
Jude,
I am a longtime member of CFX, but have not been able to log on the new site. Several contact requests have been sent, with no reply. Could you get Peter to please email me so I can get back in the mix. If he can reset my password and send it to me, that would be great.
Mike Franklin
ezprofitnow (user)
Hey Mike, you could just email him at admin@club-fxtrader.com , he should respond, else head over to GoldenTalk’s thread to leave him a message
yuko: He shouldn’t be in mystery for long. btw, I’ll be trying to do a review for Club-FX Trader soon as soon as time allows
Jude,
I emailed PeterB as per your reply with no answer after several days. If he is too busy setting up the new site, that’s OK. I would like to be able to see my money soon though.
Also, I am a member of Udachu and SGFH and elected to leave my money in with the pooled investment account. Do you know what is happening with them and is there a way to contact them?
Not a fan of Udachu and SGFH so I wouldn’t be able to help you on that.
For CFX, I’ll get him and ask him to head here for you as soon as I get in touch with him. Cheers.
ezprofitnow,
At last I’ve found you…lol we’ve been trying to contact you but there seems to be a problem sending you e-mails… we’ve tried from 3 different e-mail addresses, even found your website and posted in GT asking for you.
All you need to do is re-register and we can update your account. and if you can us an e-mail we can reach. It may be that some kind of security setting is stopping e-mails from Africa or something…lol
Regards
PeterB
I was actually wondering if the myterious guy was u Jude !
)
(non-comment accepted
Looking forward a review.
Speaking of it… any chance for a review of QLx3…?