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Forex Contest Squared Financial
in
Konkursi
Feb 05, 2015 at 09:30
Superman achieve that all the time...and more :p........
Forex Contest Squared Financial
in
Konkursi
Feb 05, 2015 at 08:09
He is Superman in disguise coz he can open and close multiple trades in under a second :)
Forex Contest Squared Financial
in
Konkursi
Feb 04, 2015 at 15:25
If you are referring to no. 7 top of the pack "srinatha", he/she has 7 opened positions ranging from 5.00-100.00 lot sizes with around usd246,753 profits....and all the positions are still left running with none closed.
Forex Contest Squared Financial
in
Konkursi
Feb 04, 2015 at 15:20
Try typing the lot size you want on the "Volume" section.....e.g 100 or 1000 if you so wishes.
Forex Contest Squared Financial
in
Konkursi
Feb 04, 2015 at 10:56
That contestant has made trades which have still not been closed out but equity reflected the profits he have on those still open trades.
Forex Contest Squared Financial
in
Konkursi
Feb 04, 2015 at 10:05
That's why they have dope testing in all sports to stop cheaters.
Forex Contest Squared Financial
in
Konkursi
Feb 04, 2015 at 09:16
myFXbook has been around for sometime now and has hosted many trading competitions and, as such, they should know how to create a more level playing field in competitions to make the event more pleasant, enjoyable, and give Newbies the chance to experience their trading skills being pitted against other more experience traders.
Forex Contest Squared Financial
in
Konkursi
Feb 04, 2015 at 08:16
....and quite frankly, even if I somehow managed to win in this contest (FAT chance since the leaders are so far ahead already), I don't think I will open a "Live" account with this broker because they do encourage "crazy & reckless" trades which is definitely not what good, trusted, and responsible brokers will encourage.
Forex Contest Squared Financial
in
Konkursi
Feb 04, 2015 at 08:12
Yes, agreed that there should be some rules to curb insane trading in Demo contest to give contestants a more level playing field such as:1) Limit the maximum lot size that can be made at any one time.....e.g 10 lot size2) Limit the maximum numbers of trades that can be opened at any one time .....e.g 10 opened positions with maximum 10 lot size each.3) Each opened trades cannot be closed for at least 3 minutes.Of course there are many more other rules which will give Traders, especially Newbies, a chance to see how they play out with more seasoned Traders. With no limitations, this contest is...
Contest - RahmanSL
in
Tirdzniecības sistēmas
Feb 04, 2015 at 07:49
The organizer of Demo Contest should give a more level playing fielding to contestants by :1) Limiting the lot size of every trades....e.g 10 size lot2) Limiting the maximum numbers of trades allowed.....e.g 5 open positions....only below 5 open positions can additional trades can be made to max 5 open positions.For this contest, there simply are no restrictions and lot size trades made/opened are just crazy.
Contest - fineguywhosnice
in
Tirdzniecības sistēmas
Mar 18, 2011 at 04:58
Is it my imagination or are the top three positions account balanced get progressively worst with each passing day??Hmmmmm...just an idea...should have hit it BIG, stopped trading altogether, and sit tight until the end of the competition.Piece of cake to be one of the top 3 winners.All the best!P/S: Nathan, now I ONLY need 857 competitors to screwed up bad.... Well, still 14 days and 7 hours and 1 odd minute before end of competition....maybe there is still HOPE for me; yah?? : )
Contest - BALLZTRADER
in
Tirdzniecības sistēmas
Mar 17, 2011 at 09:09
"...ah hah. of course. Eh, bringing me that much closer to No. 1, just need a few more people to off themselves in the top 20.. Hmmm..."Weeelllll, I just need 869 competitors to screwed up BAD to make me number 1 : )
Contest - gitfreak
in
Tirdzniecības sistēmas
Mar 08, 2011 at 14:42
Hi Guys & Gals,Looks like USD/JPY "kaput" me out of the competition : ( I was concentrating on my Live accounts and didn't pay much attention to competition account and simply enter large trades blindly thinking I cannot lose. So bad money management and impatience "kaput" me.All the best to those still in the competition!
Contest - Selvakumar
in
Tirdzniecības sistēmas
Mar 08, 2011 at 02:52
My sympathy, "oldlove", for dropping more than 30 places from top 3 position literally overnight.Yes, I know the feeling all too well, a couple bad trades and..."phoooof"....wiped out most hard earned profits.Competition is still young....Good luck to all, and don't take too many big risk;yah!😀
Contest - fxandme
in
Tirdzniecības sistēmas
Mar 06, 2011 at 12:07
Yes, indeed, I seeeeeeeeeee...........3 carefully placed trades with 100, 200, & 500 lot size and last competition 3rd place winner is ahead by almost 1,000%. So, does this confirm what I said about "trading smart" instead of making over 1,000 trades and yet make smaller profits? I hope Newbies here realize that they have a usd100,000 account and, this being a competition and all where time is of the essence, you just don't make 0.01 lot size trades; yah!But then, don't try to emulate the competition leaders' trading style and simply go in blindly with 100 to 1,00...
Contest - fxandme
in
Tirdzniecības sistēmas
Mar 06, 2011 at 10:18
Made mistakes in my earlier post:“…contest leader trading strategy who simply made 21 trades to achieve 67.92% profits….” Should be: “…contest leader trading strategy who simply made 21 trades to achieve 453.53% profits..”I think I should add that second place leader, gritfreak, has to make 730 trades (that's 709 more trades than oldlove) to get his 447.16% profit gains. But I think he is probably using an EA which makes volume trades for him.
Contest - fxandme
in
Tirdzniecības sistēmas
Mar 06, 2011 at 09:53
I see that the contest leader, oldlove, has been trading with massive lot sizes ranging from 100 to 1,000 giving him a huge profit edge over all the other competitors. Yes, trading such massive lot sizes can be extremely dangerous, especially if the market move against you, but on those occasions (and if you know what you doing) when the market is more or less predictable, scalping for profits can be hugely profitable as demonstrated by contest leader trading strategy who simply made 21 trades to achieve 67.92% profits.The second contest leader, gitfreak, demonstrated “quantity trading&r...
hi. I'm new to forex trading.
in
Jauni treideri
Jul 25, 2010 at 12:08
For Traders who have a strong urge to deposit your money without any hope of seeing them again, just send them to me and I can absolutely guarantee that you will not see them again.All others, read, learn, understand, and than read some more, do lots of Demo or some Live micro ( Live trading account.NEVER EVER borrow money or play with money you CANNOT AFFORD to loss...You ABSOLUTELY WILL get yourself into trouble if you depend on making money from money which you don't have or cannot afford to loss in the first place...and lossing in Forex trading IS A FACT OF LIFE and HAPPEN to ALL TRADE...
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