Who will be the trader? The members of this community. Yes that's right. Every single member will place one or more trades using the capital available in the trading account.
Let me explain you exactly how it works:
The Golden Dawn Fund (GDF) needs 2500$ to be deposited into a trading account open with one of the regulated brokers available in the market. This value of 2500$ will be divided into 250 UNITS of 10$ each. Every member has the right to buy minimum 1 and maximum 10 UNITS of this fund in the launching phase which we can easily call it an IPO. Once all the UNITS are sold and the 2500$ raised, will be open a trading account with Caesar Trade using their unique offer of 400% bonus which will allow us to have 10000$ available for our trades.
As soon as the IPO is closed and the trading account available, the value of 1 UNIT will be 40$ (due the 7500$ received as bonus from the broker) and the members will be free to sell or buy more UNITS from the other members at the price that they are free to negotiate between them. The 40$ for 1 UNIT will be only used as a benchmark in their negotiation. From this point the only way to enter as a member and to trade the 10000$ fund is to buy UNITS from the already existing members...if they want to sell of course.
The trading account will be linked on the most known online automated analytical tool for forex trading accounts as myfxbook and forexfactory and the links will be public to everyone, published of course here on the invtrading.com website.
The value of the GDF will be calculated at the end of every month and will give the benchmark value for 1 UNIT.
At 31.12.2014 before the US Session closes, the fund manager will close all the trades and evaluate the profit or the losses. 10% of the profit will go to the INV Trading as administration fee, 2500$ will go into another investment fund and the rest of the profit will be divided between the members/investors of this fund according to their UNITS holdings at 31.12.2014.
To make you an example: at 31.12.2014 all the trades are closed and the total capital of the fund shows 15.000$. That's a 50% return which is huge. 10000$ are left in the trading account available for the next year while the 5000$ is considered profit. First we will detract the 10% fee and the 2500$ for the another investment fund and the rest will be divided. So 5000 - (10%) - 2500 = 2000$ divided by 250 UNITS will pay 8$/UNIT. Each member/investor will cash the number of UNITS multiplied by 8$ as profit while they will keep their UNITS worth 40$ each. Or can sell them.
If the owners of 126 UNITS decide to close the GDF at 31.12.2014 then the amount divided between the UNITS holders will be: 15000$ - 2500$ (initial deposit) = 12500$ profit. Detract 10% and the 2500$ for the new hedge fund. So 12500$ - (10%) = 11250 / 250 UNITS = 45$ per UNIT.
The closure of GDF is possible ONLY at 31.12.2014 or if we lose all the money during the trading activity. If any of the members wants to exit the fund the only way he can do it before the 31.12.2014 is to sell his UNITS to another investor.
Every member is free to sell his UNITS at any moment he wants and to cash the profits before the 31.12.2014. For example if the GDF is showing 25000$ at 31.07.2014 the value of 1 UNIT is 100$. He can sell his UNITS and cash the profits accordingly to the number of UNITS that he sells. After 1-2 moths the fund can show some losses and the investor can buy back some UNITS cheaper.
What do you have to lose by investing in GDF? 10$ ? Or even if you buy 10 UNITS, that makes it 100$. Do you believe you can trade and make nice profits with 100$ as you could do it with 10000$ ? Remember all the enemies a trader has: over-trading, emotions, and all the others I spoke about in the "about us" area. How can we avoid all these? Have a look in the "fund management" area!
