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Trading contest: only 5.2% were profitable
- Thread starter clambill
- Start date
TraderZones. You've already been called out. You refused to put your money where your mouth is and trade against one of the posters on this site. You're a joke buddy.
Quote from athlonmank8:
TraderZones. You've already been called out. You refused to put your money where your mouth is and trade against one of the posters on this site. You're a joke buddy.
You are babbling. No one called out, unless it was one of the many confused on the ignore list. And unless you have posted broker statements somewhere showing your prowess, your post and your pointing to your imaginary cartoon friends has little relevance...
The only meaningful rewards go to the 10 most profiatble traders in the competition. Collecting the $20 reward for being just profitable requires opening account with the broker that runst the competition and depositing funds larger than the prise.
So, for most participants, it's either being among the first 10 or loosing. No wonder they take excessive risk.
The absolute winner made 2,100% in a week. The few runner-ups made 1,000% in a week.
So, for most participants, it's either being among the first 10 or loosing. No wonder they take excessive risk.
The absolute winner made 2,100% in a week. The few runner-ups made 1,000% in a week.
Quote from clambill:
http://www.fxclub.com/contest-list/?page=0
LOL, there's something about that that makes me laugh. Do you think it's because most contest participants were putting too much at risk on every trade to win?
I'm inclined to think the first 50 contestants maybe used short time frames and small profit targets to achieve those results.
Anyway, this was only my 2nd participation in a free trading contest. The first one was in March, 2009 and I quit after several days of losses. This time, I was profitable which was my only goal. So, this was a win for me. Haha. Anyway, 816 participants out of 15 556 were profitable.
this broker really blows hard the costs of these trades ae huge.. and it lags real market. 95% of traders just were not smart enough to realize if they watched a real service and traded on fx club demo ... you could trade the difference lol