Contest-myfxbook.com
ارسالها: 45
تاریخ عضویت: 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!
ارسالها: 836
تاریخ عضویت: 16/05/2011
is it a suggestion for fxstat?
ارسالها: 359
تاریخ عضویت: 21/05/2012
These demo contests are nonsense because they are not at all similar to real trading.
ارسالها: 939
تاریخ عضویت: 21/04/2011
Originally posted by CFXsignalsThese 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
ارسالها: 359
تاریخ عضویت: 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.
ارسالها: 939
تاریخ عضویت: 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
ارسالها: 836
تاریخ عضویت: 16/05/2011
Originally posted by sharktraderI 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!" />
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.
ارسالها: 734
تاریخ عضویت: 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
ارسالها: 359
تاریخ عضویت: 21/05/2012
Trading competitionsshould be with live accounts
ارسالها: 734
تاریخ عضویت: 22/04/2011
Originally posted by CFXsignalsTrading competitionsshould be with live accounts
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A few brokers arrange live account competitions. But no place for beginners in winner list .
The good or ill of a man lies within his own will. – Epictetus
ارسالها: 359
تاریخ عضویت: 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.