FXCM Discussion

Quote from ssss:

Eligible for King of the micro contest automatic entry each month ?
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Hi Ssss,

You asked me in the past about FXCM's plans for a trading contest to replace King of the Micro.

I'm happy to announce the launch of a new contest for FXCM clients hosted by our partner, Toptradr. Each week, the ten FXCM clients at the top of the contest leaderboard will be awarded prizes from a $7500 prize fund. That's $30,000 in prize money each month and $360,000 each year that FXCM clients will win.

You can begin competing for weekly prizes today. The first prizes will be awarded the week of July 22nd, then each subsequent week thereafter. To join the contest, download the Toptradr contest app for Android or iPhone, and "link" your FXCM live trading account.

Toptradr isn't your typical trading contest. You don't get rewarded for getting lucky or earning massive returns on a few highly leveraged trades. You are rewarded for being a good, consistent trader. To win this contest you have to be able to place low-risk/high-reward trades regularly, and you need to be able to consistently grow the equity in your account. The contest is structured this way because Toptradr (the company) is looking for FXCM clients to back with their own money. The ultimate goal of this contest is to determine who deserves the right to be called the "Top Tradr" and manage the equivalent of a $1,000,000 fund ("Main Contest Prize").

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The Main Contest Prize is awarded at the conclusion of a 6-month trading period, which begins once 5,000 FXCM clients have joined Toptradr and "link" their live trading accounts. Toptradr will make an official announcement at that time.

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Download the Toptradr contest app for Android or iPhone, and "link" your FXCM live trading account to join the contest. You can then use the app to keep track of the contest and your position on the leaderboard.

Let me know if you have any questions.

Jason
 
JR wrote

The TopTradr mobile app is not for placing trades. It's a companion app specifically for the trading contest that lets you check the latest standings on the leaderboard and monitor your own progress.
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http://www.toptradr.com/contests/to...mpetition-rules
3. ELIGIBILITY

To be eligible to take part in the Contest You must be:

a user of the TopTradr mobile and/or web application (the “App”);

...6. DETERMINATION OF WINNERS

Each trade entered into by Entrants is awarded points based on its risk reward and percentage performance. These points are factored together with the consistency of returns and equity growth of the Account.

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Dear Sir

Author have not any interess to contest in new format


Your respectfully
 
Quote from ssss:

JR wrote

The TopTradr mobile app is not for placing trades. It's a companion app specifically for the trading contest that lets you check the latest standings on the leaderboard and monitor your own progress.
----------------
http://www.toptradr.com/contests/to...mpetition-rules
3. ELIGIBILITY

To be eligible to take part in the Contest You must be:

a user of the TopTradr mobile and/or web application (the “App”);

...6. DETERMINATION OF WINNERS

Each trade entered into by Entrants is awarded points based on its risk reward and percentage performance. These points are factored together with the consistency of returns and equity growth of the Account.

----------

Dear Sir

Author have not any interess to contest in new format


Your respectfully
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Hi Ssss,

I appreciate your feedback. Is there something in particular you do not like about the format?

Thanks,
Jason
 
...6. DETERMINATION OF WINNERS

Each trade entered into by Entrants is awarded points based on its risk reward and percentage performance
--------



In Monte Carlo roullete with Prisoner/Partage rule
...If bet on black ,gambler would win 73 andl loss 75 from 148
attempt's

House advantage 0.50675 to 0.49325

In Forex gambler have worster as 0.49325
-------------------------------------------------------
(Spread, broker and margin fees ,tax ,software and hardware expense)



In game ,where Gambler have no advantage and objective -win
(8-40 time's aswinner in your King of the micro contest)

Best Strategy - low quantitiy of bet with great risk ( 3-5)
----------------------------------------------------------------------


It is correlated with best result's of old King of the micro
contest
 
Quote from ssss:

...6. DETERMINATION OF WINNERS

Each trade entered into by Entrants is awarded points based on its risk reward and percentage performance
--------



In Monte Carlo roullete with Prisoner/Partage rule
...If bet on black ,gambler would win 73 andl loss 75 from 148
attempt's

House advantage 0.50675 to 0.49325

In Forex gambler have worster as 0.49325
-------------------------------------------------------
(Spread, broker and margin fees ,tax ,software and hardware expense)



In game ,where Gambler have no advantage and objective -win
(8-40 time's aswinner in your King of the micro contest)

Best Strategy - low quantitiy of bet with great risk ( 3-5)
----------------------------------------------------------------------


It is correlated with best result's of old King of the micro
contest
More...

Hi Ssss,

The Toptradr contest is not for gamblers. It's designed to reward traders who get consistent results and have a good risk-reward profile. That's because Toptradr's goal is to find a trader who has the ability to manage the equivalent of a $1 million fund, which is the main contest prize.

Since the top ten traders on the leaderboard each week will win prize money, it will be possible for consistent traders to win prizes for multiple weeks. The competition has just begun with the first weekly prizes to be awarded the week of July 22nd, so it will be interesting to see who thrives under the new format and what results they can achieve.

You can keep track of the latest contest standing using the Toptradr mobile app for Android or iPhone.

Jason
 
Hi Ssss,

The Toptradr contest is not for gamblers. It's designed to reward traders who get consistent results and have a good risk-reward profile
-------------------------------------------------------------------

Dear Sir

As stated before - Author have no any interess to new contest format ...


Scientific point of view(Game theory ) in message of the author above

Best wish
 
Quote from Jack_Larkin:

Hey Jason,

I'm interested in the new US Dollar index product...
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Hi Jack,

Since you expressed interest in the Dow Jones-FXCM Dollar Index, I wanted to let you know about our new currency trading baskets. Now in addition to a trading the US dollar basket, anyone with a live account on our Trading Station platform (including US residents) can trade our new currency baskets for the Euro, Japanese yen, British pound and Australian dollar.

Currency baskets are a great way to express your trade opinion on a single currency without having to choose a specific currency pair. For example, if you feel bullish on the Japanese yen, you can buy the JPY basket. If you feel bearish on the Euro, you can sell the EUR basket.

To trade our new currency baskets follow the steps below:

  1. Log into the Mirror Trader platform using your existing Trading Station username and password.

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  2. Click on the Basket tab on the platform.

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  3. Select the basket and direction you want to trade, and click on the Open -> button. In this example, I am bearish on the Euro, so I chose "EUR Basket - Sell".

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  4. Select your trade size from the window that pops up and click Open.

    7buk.png

After opening a currency basket trade, you can monitor it on either the Mirror Trading platform or Trading Station.

Let me know if you have any additional questions.

Jason
 
Yes I agree with the statement. Forex is not for gambles, simply because it is does not have gambling characteristics and thus cannot be predicted like this with Probabilities....you can easily do an econometric analysis and see how the trend moves and then calculate the chances of how much the house will be winning.

I saw a post of tradency, ve been there done the trading, lost the account in a matter of week....simply not as good as zulutrade is, when compaired. So, I'd say use with a note.
 
Quote from Jason Rogers:

Below are the holiday trading hours for CFDs in July. Forex trading hours are as normal.

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All times above are in GMT.
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Just a reminder: this Thursday is the Independence Day holiday in the US. I will be out of the office for the rest of the week, but will respond to any questions you post, when I return on Monday, July 8th.

If you require immediate assistance, you can call FXCM's live customer service 24 hours a day, 7 days a week using one of our international toll-free numbers.
 
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