» Online Users: 504 |
| 16 members and 488 guests |
| ChrisM, CVD, Fox, gb41wd, larryfolson, Laurie4784, litegreen, pipstermax, rsckim, Serge, Simit Patel, solar, StockJock, talolard, Trader09 |
| Most users ever online was 892, 11-13-2009 at 03:24 PM. |
|
|
» The Ektrader Fund |
|
Feb 04, 2010 - by Simit Patel
|
This post is to announce the Ektrader Fund -- a fund that will be traded by Ektrader. This is also ties into a mentoring service for those looking to learn Ek's method of trading.
Below are the details of the fund:
1. Shares of the fund are sold in increments of 500 USD (5000 InformedPoints).
2. The fund will run for six months commencing on March 1, 2010 and concluding on September 1, 2010. Upon conclusion, all shares in the fund will be automatically liquidated back into InformedPoints, at which point they can be converted into other currencies.
3. In terms of trading style, Ektrader plans to adhere to the 2 percent rule of money management. He will only trade currency pairs for which there is futures volume. The trading will be intraday, with use of stop and limit orders. About 1-2 trades a day, 3-4 days a week.
The fund will be liquidated back into InformedPoints of shareholders on September 1, 2010. Shares cannot be returned to InformedTrades prior to liquidation, but can be traded amongst community members here at IT. InformedTrades will provide updates on the floating value of the fund during weekend updates.
The spreadsheet below illustrates potential returns for you. Ektrader will earn 30 percent, InformedTrades will earn 5 percent, and shareholders will earn 65 percent profit.
The Video
I've also created a video to explain why I'm excited about this for InformedTrades, as well as an interview with Ektrader, so that you can learn more about him and his approach to the market.
To learn more about Ektrader, I suggest navigating your way through his member page to see his participation in the site over the past two years.
The Fine Print
Funds will be stored with InformedTrades LLC (USA) and ForexYard (Cyprus).
Ektrader is an independent agent acting on behalf of InformedTrades LLC.
InformedTrades Sovereign Wealth Funds are virtual goods that are a part of the game play experience at InformedTrades.com. They do not constitute real world investment securities.
Buy Shares in the Fund
All virtual goods are priced in InformedPoints (IP), our virtual currency. Click here to purchase InformedPoints. Note that you must be a registered member of the InformedTrades community to participate in our virtual economy.
The minimum buy-in to the fund is 5,000 IP ($500 USD). 5,000 IP buys you one Ektrader Share. Click here to purchase.
Or, you can purchase in bundles of 10 (50,000 IP). Click here to purchase a 10 pack.
Shareholders Get Access to Mentoring Forum
All shareholders will also get access to "The Studio" -- Ektrader's forum here on InformedTrades where he will share the trades he is placing in the fund, in video and text format. Shareholders can ask questions to Ektrader in a private forum as well. This is meant to be a learning tool, in much the same fashion as the IT forex fund, but following Ektrader's trades instead. More details on that to follow shortly.
Questions and Comments
Fire away below! 
|
11 Replies | 496 Views | Go to Discussion Page
|
|
» Managing the IT Forex Fund -- February 7, 2010 |
|
Feb 07, 2010 - by Simit Patel
|
Well folks, I think we've made some mistakes in this trade -- we could be even MORE in the money -- but I think a 36%+ floating equity is not so bad at this point. Below is the daily chart. I'm particularly interested in the hammer on the end, coupled with the recent big tumbles. Is that a sign we're in for a pullback?
IT members like Talolard, LarryFolson, and Forexer have been calling for adding more to the position. What setups are favorable? Where to add, and where to put the stop loss? As a reminder we currently have two microlots open, both in the money. Personally, I'd be in favor of moving the stop to 3835, and looking to enter partially at 3740-ish and the remainder on a pullback to 3800.
But what do you think? Is it unreasonable to expect a pullback? And where should the stop be?
|
|
11 Replies | 145 Views | Go to Discussion Page
|
Previous Front Page Stories
|
What's This?
Practice forex trading with real time charts and live price feeds for free while you learn. Get a totally free virtual trading account here-