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Forums Suggestion Box Contest-myfxbook.com
Votes: +2
Status: Completed

Contest-myfxbook.com

Page: 1 2 >
Jun 11, 2012 03:43 pm
#1
sharktrader User

Envois: 45
Membre depuis: 11/08/2011

I prefer that the first 20th get a price and that the Traders don't use any Ea's

It isn't fair for the Traders i think .... no?

 

Suggestions?


Cheers!

[aww]

Jun 12, 2012 02:52 pm
#2
Sasha User

Envois: 836
Membre depuis: 16/05/2011

is it a suggestion for fxstat?

Jun 13, 2012 08:47 am
#3
CFXsignals User

Envois: 359
Membre depuis: 21/05/2012

These demo contests are nonsense because they are not at all similar to real trading.

Jun 14, 2012 04:10 pm
#4
uniquetrader User

Envois: 939
Membre depuis: 21/04/2011

Originally posted by CFXsignals

These demo contests are nonsense because they are not at all similar to real trading.



Demo conditions are not similar to real. But practice on demo improves trading skills. Demo contests, offered by different websites, r marketing strategy for company and motivational factor for small traders.

Stick to your rules

Jun 14, 2012 07:04 pm
#5
CFXsignals User

Envois: 359
Membre depuis: 21/05/2012

But demo contests are not won by 'realistic trading' so they are of no help at all.  The winners make 10000% per month + which is very unlikely when trading with real money.

Jun 15, 2012 04:52 pm
#6
uniquetrader User

Envois: 939
Membre depuis: 21/04/2011

Yes. These contests can only be won by insanely high lot size and luck. But some skills r also involved. There is usually minimum lots traded and other requirements. 

Actually in these competitions traders know that they have to trade with maximum risk if they want to win. So strategy is same to real trading but only lot size and trade frequency is increased. 

Stick to your rules

Jun 16, 2012 05:31 pm
#7
Sasha User

Envois: 836
Membre depuis: 16/05/2011

Originally posted by sharktrader

I prefer that the first 20th get a price and that the Traders don't use any Ea's

It isn't fair for the Traders i think .... no?

 Suggestions?


Cheers!

<img alt=" />



This is kinda discussion and not a suggestion. Some offer prize to top 100 too and some offer to top 10. So it all depends on company itself.

Jun 20, 2012 05:13 pm
#8
ironical User

Envois: 734
Membre depuis: 22/04/2011

Demo trading prizes are just an appreciation for small traders. Many brokers and other companies related to forex business are offering demo and live trading rewards. So it really doesnt matter if they r giving it to top 10 or 20 coz u can participate in many contests at one time.

The good or ill of a man lies within his own will. – Epictetus

Jun 20, 2012 08:56 pm
#9
CFXsignals User

Envois: 359
Membre depuis: 21/05/2012

Trading competitionsshould be with live accounts

[devil]

Jun 22, 2012 03:15 pm
#10
ironical User

Envois: 734
Membre depuis: 22/04/2011

Originally posted by CFXsignals

Trading competitionsshould be with live accounts

<img alt=" />



A few brokers arrange live account competitions. But no place for beginners in winner list [grin]. 

The good or ill of a man lies within his own will. – Epictetus

Jun 22, 2012 04:07 pm
#11
CFXsignals User

Envois: 359
Membre depuis: 21/05/2012

I think the live account winners are the guys you need to keep an eye on their trading strategy.  Its a shame demo is played as a game rather than seriously.

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