Back In The Saddle
Well, I was away for a few days. You could have kind of guessed this by non-presence, but for those up the back of the class... I was away for a few days.
That's why you were staring at an empty white/black board.
FX Experts
I suppose FX Experts is something many people are waiting for information on with bated breath. I have been loath to say anything due to all the rumour and swill (swill being incorrect, BS rumours) floating around.
However, Marcos has posted an update in the forums, and since it's official-inado I thought I'd reprint it here then randomly address a little of what's been floating around (though not much because really, I couldn't be arsed with all the smear campaigns and people pretending they know what's going on.)
"Dear friends,
I am sending this update to let you know that I am still around and have not gone anywhere. We are still in the process of moving to a new and better broker so that we can resume trading and bring the program back on track. We hope to start trading again some time next week or the week after. More updates will be posted as the time goes by.
Thank you all for your patience and understanding.
Marcos
Yes, I still alive.
No, FX-Experts is not dead.
Yes, we can recover this situation.
No, I am not a russian SCAM LOL"
Good to see Marcos approaching this with good humour.
Yes FX Experts is real. Ignore most of what you read. I've had a feeling for quite a while that we might see some sort of change in the pooled accounts (private, raised minimum, something like that) because it has become an increasingly huge amount of work for Marcos to handle. This then adversely affects both his and Hermann's performance.
One example of the smear campaigns/unfounded rumours - idiots getting on their soap boxes saying "FX Experts has been losing money for months."
Uh... no.
To reiterate what has been said in this blog many times in the past - they had a fairly major swing trade in the red there for a while... a while back. The current negatives only popped up over the last few days of FX Expert's current operations.
So they haven't been trading at a loss for month straight.
I won't expound much more but leave y'all with these two pieces of advice:
A lot of people, be it for fame or glory or hits will act like they are all buddy-buddy with Marcos and have the inside scoop. Don't listen to them.
And the other majority of people will be busy acting up on their soap box, as if they know it all (but these are the ones spreading the negative rumours.) Ignore them as well.
Basically, ignore everyone but Marcos. He may not be the most communicative chap to the general public at times like this, which is quite annoying, but he'll get there.
The current situation is a shame but is only a hiccup and it will be sorted one way or another - I remember a statement I printed ages ago from Marcos where he stated they have strategies in place to ensure refunds can be made if necessary, so bear that in mind when Marcos is talking about losses. The current losses aren't catastrophic - they just need to be gotten on top of before they head the way of catastrophe! (It rhymes.)
As a wise mate of mine said: "Why would he run with a little bit, and lose the million dollar clients?"
So ignore the hype, and when the time comes, we'll all know the score. It's a shame we have to wait like this, but this is still a real opportunity with a good admin and a quality trader.
KaOnline
Oh look, KaOnline are still hanging around and generating a lot of buzz so here's a collection of recent news updates from them, starting with a big one from the end of August:
" American Airlines AAdvantage "Fly FREE with KaOnline" Promotion:
This promotion has been underway since mid August, however we were waiting for some scripting to be complete on the web site before making the official announcement. Our Master AA Account has been funded with miles and a few hours from now the first actual mileage "payout" will take place. Here is a bit of information on how the promotion works:
KaOnline clients can earn up to 60,000 miles per calender year. 60,000 miles is good enough for a first class ticket within the United States, or a choice of international coach fares. Destinations and origins vary, please see www.aa.com for details.
Miles are awarded monthly on the 1st of each month. KaOnline clients are credited with 150 miles per month for every $1,000 they have on deposit in either their S.E.E.D. Account, or anyone of the available G.O. Funds. Compounded interest does not count toward your overall balance.
Coming in the next few weeks we will also be giving 1,000 bonus miles to anyone who refers a client to KaOnline who then deposits a minimum of $1,000 into their account and participates in the AA Promotion. These bonus miles are above and beyond the 60,000 mile yearly limit. A limit of 10 referrals or 10,000 bonus miles is allowed per client.
Be sure your AAdvantage Number is entered correctly in your KaOnline Account Profile. We are not responsible for incorrect account information.
The KaOnline AAA (Authorized Accounts Administrator) Program:
Starting on the 1st of September we will begining to receive requests for applications into the new AAA Program. An AAA is essentially an offline broker for KaOnline. As an AAA you are privy to additional information about KaOnline´s activities and are allowed to pool offline investors money into your KaOnline AAA Account. AAA´s are paid a commission slightly higher than that of a normal referral and they receive direct profit sharing on all the returns generated by their pooled funds. Print materials are provided to the AAA, including pamphlets, business cards, and letterheads to facilitate their marketing efforts.
We are currently creating a special AAA Account interface within the current client login. This feature will allow our AAA´s to list their client´s information within their account and our system will run all the accounting automatically and make the whole broker process quite user friendly. This interface will be ready by October. Until this interface is complete AAA Accounts will be held within the AAA´s current individual account and moved once the scripting has been tested.
AAA´s will also be able to offer their larger clients a free asset protection package which will include a discreet trust account, and offshore international business corporation (IBC), and a VISA electron debit card. This package is currently ONLY available to AAA´s and a select group of their clients. Depending on how it is received it may be offered to our entire on and offline client base at a discounted rate come late 2006 or early 2007.
For more information please email Kevin, Sub-Director of KA ONLINE INC. and the AAA Program Coordinator, at Kevin@KaOnline.biz or call him at 1-866-675-6882 (USA / Canada Toll Free) or +1-302-407-1559 extension 102.
CPW Fund Return Explanation:
The CPW Fund continues to confuse some investors. We have updated it´s mini-prospectus to try and clarify it´s payout schedule;
The CPW Fund Term runs from Wednesday to Wednesday (12 AM GMT to 11:59 AM GMT). All deposits made to the CPW Fund are posted the following day at 12AM GMT. This is to say that if you make a deposit on Tuesday evening, it is officially posted on Wednesday at 12 AM GMT. If your deposit is made after Tuesday (Server Time GMT) you will receive a portion of your earned interest that coming Wednesday, and the remaining interest, plus your principal, will be credited the following Wednesday. Example: Client A deposits $1000 USD to his CPW Fund on Friday. His deposit is posted Saturday at 12AM GMT. On Wednesday he is paid 2.86% interest (4/7ths of 5%). The the following Wednesday he is paid 102.14%, of which 2.14% (3/7ths of 5%) is earned interest and the additional 100% is his returned principal deposit.
The CPW Fund has a very strict trading schedule. Money is moved into trading each Thursday and moved out each Monday. Essentially the fund only trades 5 days per week. This schedule is absolute, and it cannot be changed as the trading strategies of the three management teams all revolve around this schedule. The fact that funds follow this schedule means that COMPOUNDING IS NOT POSSIBLE. The CPW Fund by our own definition is a "Quick Flip" Fund, you move your money in, profit, and move out. If you are looking for a similar return with compounding in place take a look at the RD Fund.
KaOnline Call Center:
Our call center has been functional since August 1st. It´s call volume has been steadily increasing over the last few weeks. If you have a question please give us a call. The call centers hours of operation are Monday thru Friday 10 AM till 6 PM and Saturdays 11 AM till 3 PM. Please be aware that the call center operational hours are based on EST (Eastern Standard Time GMT -4). If you call at anytime other than the posted hours your call will not be answered.
Suggestions:
We are very interested in what our clients have to say about KaOnline. If you have any suggestions or comments please send them to us via the S.I.M. System."
And two more recent, smaller tidbits:
"Now Accepting Applications
If you come across any bad press in regards to KaOnline please contact us via our Call Center so we may take immediate action to put a stop to these extortionists, as earlier today we received an extortion attempt and we believe a smear campaign may be in the works. Your cooperation is appreciated in this matter."
So there you go, if nothing else they're keeping the publicity ramped up...
If nothing else, the fly-for-free program is at least interesting and original for a program of this nature.
The AAA program seems a little SwissCult-ish, but lets see what these authorized people view first. Who knows - proof? :) But then again, they could just be blinded by some very well written misdirection.
I hate to use this phrase, but - 'time will tell.'
That's why you were staring at an empty white/black board.
FX Experts
I suppose FX Experts is something many people are waiting for information on with bated breath. I have been loath to say anything due to all the rumour and swill (swill being incorrect, BS rumours) floating around.
However, Marcos has posted an update in the forums, and since it's official-inado I thought I'd reprint it here then randomly address a little of what's been floating around (though not much because really, I couldn't be arsed with all the smear campaigns and people pretending they know what's going on.)
"Dear friends,
I am sending this update to let you know that I am still around and have not gone anywhere. We are still in the process of moving to a new and better broker so that we can resume trading and bring the program back on track. We hope to start trading again some time next week or the week after. More updates will be posted as the time goes by.
Thank you all for your patience and understanding.
Marcos
Yes, I still alive.
No, FX-Experts is not dead.
Yes, we can recover this situation.
No, I am not a russian SCAM LOL"
Good to see Marcos approaching this with good humour.
Yes FX Experts is real. Ignore most of what you read. I've had a feeling for quite a while that we might see some sort of change in the pooled accounts (private, raised minimum, something like that) because it has become an increasingly huge amount of work for Marcos to handle. This then adversely affects both his and Hermann's performance.
One example of the smear campaigns/unfounded rumours - idiots getting on their soap boxes saying "FX Experts has been losing money for months."
Uh... no.
To reiterate what has been said in this blog many times in the past - they had a fairly major swing trade in the red there for a while... a while back. The current negatives only popped up over the last few days of FX Expert's current operations.
So they haven't been trading at a loss for month straight.
I won't expound much more but leave y'all with these two pieces of advice:
A lot of people, be it for fame or glory or hits will act like they are all buddy-buddy with Marcos and have the inside scoop. Don't listen to them.
And the other majority of people will be busy acting up on their soap box, as if they know it all (but these are the ones spreading the negative rumours.) Ignore them as well.
Basically, ignore everyone but Marcos. He may not be the most communicative chap to the general public at times like this, which is quite annoying, but he'll get there.
The current situation is a shame but is only a hiccup and it will be sorted one way or another - I remember a statement I printed ages ago from Marcos where he stated they have strategies in place to ensure refunds can be made if necessary, so bear that in mind when Marcos is talking about losses. The current losses aren't catastrophic - they just need to be gotten on top of before they head the way of catastrophe! (It rhymes.)
As a wise mate of mine said: "Why would he run with a little bit, and lose the million dollar clients?"
So ignore the hype, and when the time comes, we'll all know the score. It's a shame we have to wait like this, but this is still a real opportunity with a good admin and a quality trader.
KaOnline
Oh look, KaOnline are still hanging around and generating a lot of buzz so here's a collection of recent news updates from them, starting with a big one from the end of August:
" American Airlines AAdvantage "Fly FREE with KaOnline" Promotion:
This promotion has been underway since mid August, however we were waiting for some scripting to be complete on the web site before making the official announcement. Our Master AA Account has been funded with miles and a few hours from now the first actual mileage "payout" will take place. Here is a bit of information on how the promotion works:
KaOnline clients can earn up to 60,000 miles per calender year. 60,000 miles is good enough for a first class ticket within the United States, or a choice of international coach fares. Destinations and origins vary, please see www.aa.com for details.
Miles are awarded monthly on the 1st of each month. KaOnline clients are credited with 150 miles per month for every $1,000 they have on deposit in either their S.E.E.D. Account, or anyone of the available G.O. Funds. Compounded interest does not count toward your overall balance.
Coming in the next few weeks we will also be giving 1,000 bonus miles to anyone who refers a client to KaOnline who then deposits a minimum of $1,000 into their account and participates in the AA Promotion. These bonus miles are above and beyond the 60,000 mile yearly limit. A limit of 10 referrals or 10,000 bonus miles is allowed per client.
Be sure your AAdvantage Number is entered correctly in your KaOnline Account Profile. We are not responsible for incorrect account information.
The KaOnline AAA (Authorized Accounts Administrator) Program:
Starting on the 1st of September we will begining to receive requests for applications into the new AAA Program. An AAA is essentially an offline broker for KaOnline. As an AAA you are privy to additional information about KaOnline´s activities and are allowed to pool offline investors money into your KaOnline AAA Account. AAA´s are paid a commission slightly higher than that of a normal referral and they receive direct profit sharing on all the returns generated by their pooled funds. Print materials are provided to the AAA, including pamphlets, business cards, and letterheads to facilitate their marketing efforts.
We are currently creating a special AAA Account interface within the current client login. This feature will allow our AAA´s to list their client´s information within their account and our system will run all the accounting automatically and make the whole broker process quite user friendly. This interface will be ready by October. Until this interface is complete AAA Accounts will be held within the AAA´s current individual account and moved once the scripting has been tested.
AAA´s will also be able to offer their larger clients a free asset protection package which will include a discreet trust account, and offshore international business corporation (IBC), and a VISA electron debit card. This package is currently ONLY available to AAA´s and a select group of their clients. Depending on how it is received it may be offered to our entire on and offline client base at a discounted rate come late 2006 or early 2007.
For more information please email Kevin, Sub-Director of KA ONLINE INC. and the AAA Program Coordinator, at Kevin@KaOnline.biz or call him at 1-866-675-6882 (USA / Canada Toll Free) or +1-302-407-1559 extension 102.
CPW Fund Return Explanation:
The CPW Fund continues to confuse some investors. We have updated it´s mini-prospectus to try and clarify it´s payout schedule;
The CPW Fund Term runs from Wednesday to Wednesday (12 AM GMT to 11:59 AM GMT). All deposits made to the CPW Fund are posted the following day at 12AM GMT. This is to say that if you make a deposit on Tuesday evening, it is officially posted on Wednesday at 12 AM GMT. If your deposit is made after Tuesday (Server Time GMT) you will receive a portion of your earned interest that coming Wednesday, and the remaining interest, plus your principal, will be credited the following Wednesday. Example: Client A deposits $1000 USD to his CPW Fund on Friday. His deposit is posted Saturday at 12AM GMT. On Wednesday he is paid 2.86% interest (4/7ths of 5%). The the following Wednesday he is paid 102.14%, of which 2.14% (3/7ths of 5%) is earned interest and the additional 100% is his returned principal deposit.
The CPW Fund has a very strict trading schedule. Money is moved into trading each Thursday and moved out each Monday. Essentially the fund only trades 5 days per week. This schedule is absolute, and it cannot be changed as the trading strategies of the three management teams all revolve around this schedule. The fact that funds follow this schedule means that COMPOUNDING IS NOT POSSIBLE. The CPW Fund by our own definition is a "Quick Flip" Fund, you move your money in, profit, and move out. If you are looking for a similar return with compounding in place take a look at the RD Fund.
KaOnline Call Center:
Our call center has been functional since August 1st. It´s call volume has been steadily increasing over the last few weeks. If you have a question please give us a call. The call centers hours of operation are Monday thru Friday 10 AM till 6 PM and Saturdays 11 AM till 3 PM. Please be aware that the call center operational hours are based on EST (Eastern Standard Time GMT -4). If you call at anytime other than the posted hours your call will not be answered.
Suggestions:
We are very interested in what our clients have to say about KaOnline. If you have any suggestions or comments please send them to us via the S.I.M. System."
And two more recent, smaller tidbits:
"Now Accepting Applications
09/06/2006
We are now officially accepting applications for our newly launched Authorized Accounts Administrator program. If you are interested or simply have some questions please contact our Sub Director and AAA Liaison Kevin via email at Kevin at KaOnline.biz or via phone at 1 866 675 6882 or 1 302 407 1559 during normal business hours.
ALERT! Extortion Attempt ALERT!
09/04/2006
ALERT! Extortion Attempt ALERT!
09/04/2006
If you come across any bad press in regards to KaOnline please contact us via our Call Center so we may take immediate action to put a stop to these extortionists, as earlier today we received an extortion attempt and we believe a smear campaign may be in the works. Your cooperation is appreciated in this matter."
So there you go, if nothing else they're keeping the publicity ramped up...
If nothing else, the fly-for-free program is at least interesting and original for a program of this nature.
The AAA program seems a little SwissCult-ish, but lets see what these authorized people view first. Who knows - proof? :) But then again, they could just be blinded by some very well written misdirection.
I hate to use this phrase, but - 'time will tell.'
posted by chancer at 11:36 AM
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