whats the point of trading contests?

[5Pillars]

murray t turtle


Registered: Dec 2001
Posts: 3360


07-01-06 03:18 PM



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Quote from 5Pillars:

They try to sell you services and steal your trade methods!


....and PFG, stop calling me and telling me there is dual account capability now for the marketczar competitions - I am not playing.
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''Steal your methods'' ??? if you enter their contest;
that is understood you give up your privacy[part of your system]


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Yes that was my exact point....I just called it stealing.

 

[ER9]

Quote from slacker:

Another contest for FX is at
http://www.fxcm.com/fxpc-trading-contest.jsp

They trade real money for a month and then post the trades used in the contest.

I thought it was interesting to see how the winners each month were making their money.

they had another contest at
http://www.forex.com/contest_results.html

By clicking on the 'trade activity' link you can see every trade of the past month.

It is interesting to see different trading approaches over the same time period.

Robbins has a contest a year long but charge way too much for each trade.

http://robbinstrading.com/worldcup/standings.asp

Good luck!

much thanks for the links....i agree i like seeing the different ways people approach trading the same market. be fun to see it broken out.

 

[murray t turtle]

Quote from ER9:

i assume its just to get the attention of traders to a new exchange product. not to sound ungreatfull but who do they expect to attract offering such small amounts like $1000.

is there something im missing? are they that successfull attracting attention with the contests? i wouldn't think cme needs to hold such a contest to bring in interested traders.

http://www.lind-waldock.com/tradingcontest/trading_contest.cgi

===============
ER9,5 pillars;
remember this free CME contest deadline, JULY 14.

Here we are talking about CME contest again;
& I live in one of about 7 states which forbids me to enter any contest unless its free

 

[fancythat]

How would a brokerage firm "steal" your secrets? They just run the trading platform simulator for the contest, it appears, with the obvious goal of giving you a taste of trading in hopes of opening an account.

 

[Pekelo]

The point of the contest for me was HAVING FUN! I had 2 accounts, both finished in the green, the better one is in the top 10, and I had a 90 minutes blackout, no kidding!

Final results are out tomorrow... Right now I am somewhere in the 8-10th places by making 12% and my other account made 2.2%...