“Life is trading … trading is life!”
OK, Turnkey is history, and they’re yesterday’s news and not worth commenting
on further … I turn my attention today on those currently in the PAMM, and
secondarily to those who wish to join the new PAMM at FX CHOICE.
To those of you who are currently in the Turnkey PAMM, you probably know that
Turnkey only allows deposits / withdrawals in crypto currency. While there are
alternatives to Bitcoin [BTC], BTC remains the favorite and most popular choice of
traders and offshore brokerage houses for deposits and withdrawals for a number
of reasons.
I said yesterday, and I will repeat today, I’ve already moved ALL of my accounts out
of Turnkey, and into FX CHOICE, and it was super easy and super cheap to do it
… and once you do it, it’ll make you wonder how traditional banks can remain
alive into the future.
If you are currently in the Turnkey PAMM / MAM, simply follow the steps below.
Step 1.
your email account and choose a password … this gets you into the back office
portal, where you can open a live account … by extension, you can also open
demo accounts here as well if you desire … when you open a live account, FX
CHOICE will only need a government ID for account verification, which can be
1) passport copy, 2) drivers license copy, 3) government ID copy. Whichever you
choose, they require a digital front & back photo of the ID. You can use your phone
or computer to take pics, and then upload the photos. They will ask for your
address, but you don’t need to verify it with bank statement or utility bill. Within
hours to a day, they’ll notify you that your account is “verified”, and you’re now
ready to make deposits to your account.
Step 2.
Once you create your FX CHOICE live account, follow the link directly below.
The link above will take you to an FX CHOICE login or register page, and since
you’ve already registered and created an account, choose “LOGIN”, and enter
your back office portal login information.
That takes you to the “Manage Account Service” page, where you’ll see my
PAMM / MAM listed under “Barry Clarence Haigh” … check the box and click
“ACCEPT” … when you click accept, what you’re accepting is my usual incentive
fee of 17% of profits, with no other fees, and this creates your sub account for
the MAM … in the left hand column, you’ll see listed “DEPOSIT” … CLICK THIS
AND CHOOSE TO DEPOSIT IN BITCOIN [BTC] … the system then asks the amount
of BTC you will be depositing … if you need to do some calculations, and want to
know the current price of BTC, follow the link directly below to “Crypto Compare”,
which hosts BTC price.
Take the amount you’re transferring from Turnkey to FX CHOICE AND DIVIDE IT BY
THE BTC PRICE … Here is a hypothetical example; BTC today is @ 8,011.00 and
you have $1,000 you wish to place into FX CHOICE. 1,000 / 8011 = 0.1248 BTC.
Therefore, you would put the value of 0.1248 in the BTC deposit field. It doesn’t
need to be exact, only a rough approximation … check the appropriate boxes for
BTC risk, which is simply that BTC fluctuates in value like any other currency,
crypto or fiat, and BEFORE you click “SUBMIT”, make sure up on top you’ve
chosen the “SUB ACCOUNT” INTO THE MAM FOR DEPOSIT … [if not, and you’ve
chosen your regular account, it’s no big deal, simply that it will require you to do
one extra step, when funds appear in your regular account when you’re done,
which is to go to the left hand column, choose “INTERNAL TRANSFER”, AND
THEN PLACE FUNDS INTO THE MAM sub account from your regular account.
The transfer takes place immediately.] The next page gives a summary of what
you are depositing in BTC … if correct, click “CONFIRM”. Now, you’ll be taken to
a page where it will show the BTC address, or “block chain address” where YOU
WILL NEED TO COPY AND PASTE FROM WINDOWS [highlight the address with
mouse and press “CNTRL-C”], AND GIVE THIS ADDRESS TO TURNKEY, SO THEY
KNOW THIS IS THE ADDRESS TO SEND YOUR FUNDS TO.
Step 3.
FX CHOICE will accept your deposit in BTC, therefore now log into your back office
portal at Turnkey and make a withdrawal request. First, withdraw from the sub
account from the MAM at Turnkey and the funds will be put back into your
personal account. Then make a withdrawal request from Turnkey in BTC … they
will only ask where to send the funds, meaning what “blockchain address” you
want the BTC sent to … NOW PASTE THE ADDRESS from step 2 into the Turnkey
withdrawal field, and hit “OK” or “CONFIRM” to do the withdrawal. Turnkey will
then send confirmation of the withdrawal request to your email account of record,
and additionally, they will later [a few hours usually] send you ANOTHER email to
confirm AGAIN the “blockchain address” you wish to have funds sent to … they
do this as part of a quasi 2 factor authentication process, and also to make sure
you’ve taken necessary steps to give them the right address … cuz if any part of
this address gets screwed up, your money gets sent to somebody else in the
world who ain’t giving it back! … there aren’t any “do overs” in crypto.
Step 4.
The process from Turnkey to FX CHOICE could only take a few hours, but
probably won’t take more than a trading day … yea, they say it could take up to
48 hours, but that’s unusually long … in most cases it takes less than a day
… it’s a “bang bang” type of transaction, where once Turnkey converts dollars to
BTC and then sends the BTC to FX CHOICE, it’s immediately converted back into
dollars and placed into your account. Log back into FX CHOICE periodically over
a day to see when it hits, and what the conversion is … like I said, mine cost me
19 cents [weep for the future of bankers … not!], and all of you will be different,
but compared to the bullshit of wire transfer fees and the time involved with them,
even if yours eats a couple of dollars, so what? When you log back into your FX
CHOICE back office portal, make sure you have funds placed in the MAM sub
account on your accounts page. If not, do the “INTERNAL TRANSFER” I
mentioned above.
That’s it, you’re done! It took me longer to write this, than it will take you to do the
entire transaction, and it’s fast, secure, anonymous, AND cheap … what’s not to
like here?
For those of you not in the Turnkey MAM, simply follow the link in the website
header, and join us … if you wish to deposit in crypto [highly recommended],
follow the appropriate steps I outlined above without the Turnkey steps, OR if
you choose to deposit in another way, follow the deposit guidelines for that
method. If anybody has any questions / comments about any of this, simply email
I’ll probably start trading the new PAMM / MAM either Friday or Monday, and the
markets I’ll be concentrating on are 1) DOW30, 2) DAX30, 3) CRUDE OIL, &
4) GOLD. Both the DOW30 and the DAX30 are my clear favorites right now
… we’re getting good volatility, despite some days that are slow, but the keys
here are 1) consistent good spread of about 2 index points in the DOW30, and
0.70 - 0.85 index points in the DAX30, AROUND THE CLOCK, unless there’s
breaking news or some kind of economic report or FED or other central bank
decision, and 2) with specific reference to the DAX30, it opens at 8:30 PM EST
every night, about 45 minutes before China opens, and stays viable until 4 PM
EST the next day when Wall Street closes. This gives me an extra 5 ½ hours of
trading if A) I need it, or B) if things are moving fast cuz of China.
Gold right now, even at FX CHOICE is pretty much untradeable IMHO right now
… cost to trade it here is about the same, maybe a couple of cents to as high as
7 cents higher, depending on conditions, but the way this market operates most
of the time, it’s a complete rip off thanks to the scumbag bullion dealer bank LP’s
… it is by far the market that has the consistently highest “scumbaggery” going
on at any given moment, and quite frankly if other more consistent markets are
exhibiting decent volatility, as plenty are right now, why trade gold and get ripped
off? From a position standpoint, though, you could trade the ETF “GLD”
[commission free] off the HR1 algorithm on the demo, and that would be
acceptable.
Crude OIl right now is basically range bound, although it’s putting in $2 ranges
almost every day, and a 3 cent bid/offer spread is similar to what you’d pay if you
traded the emini at the CME in WTI Crude Oil plus futures commissions … at the
moment, it’s down the list cuz the DOW30 and the DAX30 offer better
opportunities.
The other markets on the list of 10 we offer in the “Traders Course” [TC], are
better traded [with the exception of GBPUSD] for non-U.S. citizens, simply cuz
you can get better rates at more brokerage houses than are available to U.S.
citizens. However, like I have repeatedly said and will stress again, those position
trading via the HR1 can utilize commission free ETF and ETN trading, and capture
algorithm signals on the MT4 demo for as long as they want, cuz the demo at FX
CHOICE never expires as long as you log into it once a month, which you would
certainly do if following any of the algorithms.
A pretty low volume day in equities, with not much of a range … in fact , the
DOW30 hasn’t even hit 40% of its 20 Day Range MA, with about 90 minutes to go
in the trading day … so, doing the Turnkey / FX CHOICE switch over, we’re not
missing much if anything.
Until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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