Forex



Go Back   Forex Trading > Trading systems > Phoenix
Forex Forum Register More recent Blogs Calendar Advertising Others Help






Register
Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.

From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.

Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
  • Elite Section
    Get access to private discussions, specialized support, indicators and trading systems reported every week.
  • Advanced Elite Section
    For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
See more

Reply
 
Thread Tools Display Modes
  #31 (permalink)  
Old 01-17-2007, 10:55 AM
m6m6's Avatar
Senior Member
 
Join Date: Dec 2006
Location: Sherbrooke, Quebec, Canada
Posts: 145
m6m6 is on a distinguished road
Hosting

I am in the final transferring process of my FXDD account with Phoenix Fund as my IB. I hope they are going to confirm it before the end of the week.

I will soon run Phoenix live and I was wandering if the Fund is offering hosting ?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #32 (permalink)  
Old 01-17-2007, 04:36 PM
daraknor's Avatar
Senior Member
 
Join Date: Oct 2006
Location: Portland, OR USA
Posts: 996
daraknor is on a distinguished road
Yes, I am bringing the hosting service online.

The PhoenixFund FXDD app is nearing completion as well I believe. I hope we can start trading with PhoenixFund very soon, I'm getting anxious.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #33 (permalink)  
Old 01-17-2007, 06:34 PM
Senior Member
 
Join Date: Nov 2006
Posts: 248
jbfx is on a distinguished road
Let me get this straight.

Is this a certified non profit organization? And who is in charge of the fund? I would hope it is Hendrick himself. And who has power of attorney over the account and what makes them qualified? What are the checks and balances (umm..like an audit) for the general public to ensure there is no funny business going on? And what is to prevent someone to just disappear one day with the fund? And what is the decision and approval process for distribution of funds to a charity? And who chooses which specific charity to fund?

I think these are all legitimate questions that many people are thinking in their heads.

Last edited by jbfx; 01-17-2007 at 06:36 PM.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #34 (permalink)  
Old 01-18-2007, 02:22 AM
alamanjani's Avatar
Senior Member
 
Join Date: Nov 2006
Location: USA WY & EU Slo
Posts: 144
alamanjani is on a distinguished road
Quote:
Originally Posted by jbfx
I think these are all legitimate questions that many people are thinking in their heads.
I have no problem. If I would have a problem, I wouldn't donate.

Actually, only thing we didn't talk about is reward for a Daraknor, thanks to him, Phoenix project is still alive.

So, only question/subject I would have is - I think he should get a cut for all his past work and for developing further versions of Phoenix.

Since I'm a member of Phoenix Fund project, I vote that some profit would go to Daraknor as: "thank you for your work" (and please don't stop)

Mario
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #35 (permalink)  
Old 01-18-2007, 04:51 AM
daraknor's Avatar
Senior Member
 
Join Date: Oct 2006
Location: Portland, OR USA
Posts: 996
daraknor is on a distinguished road
It is a legimate nonprofit. PhoenixFund is a registered assumed name for Be A Light Foundation, an Oregon corporation that has operated as a non profit for 4 years. I need to publish the bank account information every month, but right now we are waiting on the FXDD account approval for both IB and for trading.

PhoenixFund has a separate bank account. I invited Hendrick to be a board member of the foundation as well as a signer on the account and he declined by not responding to that portion of the email if I recall correctly. He is still invited to have the position.

Other bank account signers besides myself (Ian Smith, treasurer) are Jerry Bahles (CEO/Founder of Be A Light Foundation) and Jenn Bodie (secretary). In order to qualify as an IB with FXDD we needed to provide over 30 pieces of documentation, submit ID for background checks, and a great deal more. Only myself and Jerry Bahles are signers on the FXDD account at this time. In case something happens to me, I would like a trusted 3rd person on the account.

I intend to have a full "Stated use of funds" agreement published, but it basically boils down to 50% of the fund proceeds each month are reinvested to keep the account growing. 50% of the fund proceeds each month are put in a separate holding account and paid out to non-religious nonprofits that meet the UN Development Program goals/guidelines and have published accounting records plus clear use of fund goals. Christian Children's Fund might be eligible (feeding children if no money goes to a church) but Salvation Army is not (they are a church).

All donations have received a receipt with address, tax-ID number, etc. Do you have any specific questions?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #36 (permalink)  
Old 01-18-2007, 04:53 AM
daraknor's Avatar
Senior Member
 
Join Date: Oct 2006
Location: Portland, OR USA
Posts: 996
daraknor is on a distinguished road
I forgot to mention that the only money ever taken out of donations are banking fees. the only benefit I receive is advertising and publicity for my services, like the signature below.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #37 (permalink)  
Old 02-21-2007, 09:48 PM
daraknor's Avatar
Senior Member
 
Join Date: Oct 2006
Location: Portland, OR USA
Posts: 996
daraknor is on a distinguished road
After nearly 2 months of paperwork, PhoenixFund was officially approved as an IB by FXDD. A final discussion with the Director was necessary to validate how PhoenixFund used/treated donations separate from IB based funds.

To absolutely clarify, donations are under control of PhoenixFund, a registered 'doing business as' name of "Be A Light Foundation", an Oregon nonprofit foundation. Listing PhoenixFund as the IB assigns credit and a per-lot traded based referral. (Starting at $2.50 per full lot, scaling up with volume and more accounts.) IB earnings are treated as donated funds (see below).

If donations are made to PhoenixFund directly, the money is treated as belonging to PhoenixFund to be used as its discretion, based on the Charter. (Charter needs to be formally published. Current summary is 50% of the profits by trading each month are reinvested, 50% of profits each month are held in a separate account and distributed on a 1 dollar contributed= 1 dollar distributed basis to nonprofits aligned with the UN Development Program and meeting specific criteria.)

The PhoenixFund bank account still has $1000.69 since no trading has occurred yet.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #38 (permalink)  
Old 02-21-2007, 11:10 PM
daraknor's Avatar
Senior Member
 
Join Date: Oct 2006
Location: Portland, OR USA
Posts: 996
daraknor is on a distinguished road
My contact at FXDD has requested a list of people who have filled out the account application with PhoenixFund as the IB. If you have filled out the application, please let me know the name used in a private message. This will help a lot, since we are now approved. I'd like to confirm we will get credit!
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #39 (permalink)  
Old 03-08-2007, 08:00 PM
daraknor's Avatar
Senior Member
 
Join Date: Oct 2006
Location: Portland, OR USA
Posts: 996
daraknor is on a distinguished road
PhoenixFund has a group ID for FXDD IB: 5424 (You can use that instead of the name for the IB Referrer)
PhoenixFund now has a mini-account. I'm going to the bank today to send over the wire transfer. trading will start as soon as the transfer clears.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #40 (permalink)  
Old 03-10-2007, 09:33 AM
daraknor's Avatar
Senior Member
 
Join Date: Oct 2006
Location: Portland, OR USA
Posts: 996
daraknor is on a distinguished road
I updated the PhoenixFund website a lot, and integrated it into the http://bestforextools.com site I was making. Payment information will be updated again and integrated. PhoenixFund has a separate area, but it is using common files for now. http://bestforextools.com/pf/index.html is the direct link.

Wire transfer of $1075 ($1100 - $25) has not posted to the FXDD account yet. We should have a list of IB account members starting Monday.

I think that CSS file needs some updating too.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
Reply

Bookmarks

Tags
daraknor, PhoenixFund, forex


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off
Forum Jump


All times are GMT. The time now is 04:32 AM.



Search Engine Friendly URLs by vBSEO 3.2.0 ©2008, Crawlability, Inc.