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danielfppps
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Contest for REAL accounts
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Mar 24, 2010 at 15:52
I totally agree with Syed, demo contests will only encourage the use of VERY unsound trading tactics which will be able to generate short term profitable results. For example, a trader may use a martingale system and get very profitable results for a few months which wouldn't be sustainable in live trading. You are also risking the issue of systems which CANNOT be traded in a live account but are EXTREMELY profitable in demo. For example, one could use off-quote 1 minute channel scalping, which is impossible to do in live testing due to requotes but generates HUGE amounts of money in demo ...
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