It is a good idea.[:D] we will add it to our wishlist.

Thank you for your suggession. The fxstat Team

Interesting, I am waiting for that [:D]

very nice suggetion dear as all other sites are also offering the compitation with affilitation of the broker that will be great learning compition for all traders 

I think there has been implementation already which is a bonus on posting on the forum. What about the referral contest?...

Originally posted by widhie75

Since this forum made from trader and for trader...would be better if held forex contest? I think this will give the spirit of competition in the world of forex.

anyone agree?

Hey man, why don't you post that on the suggestions box?

Here is a link.

There, members can vote and give opinions on your suggestion:

http://www.fxstat.com/forum/showcategory/28-suggestion-box

Originally posted by megrawab

I think there has been implementation already which is a bonus on posting on the forum. What about the referral contest?...

In my opinion, referral contest is not a good idea. A race of fake ids will create spam on this forum. Currently I dont have any other idea except trading contest.

Competitions are great. However they focus on equity gain at the end of the period. This causes traders to trade unnaturally with high leverage and unusual risks. I think it would be better to have a competition based on actual PIPs won/lost. Traders can still trade their crazy competition only leverage to get max profits, but it's the underlying PIP count that wins the prize. Regardless of how many lots the trader puts on, only 1 lot of PIPs will be counted. So the actual PIP move, not multiples of. Where competitions use live accounts, I think a move to PIP count would make the competition accessible to all account sizes not only the ones with the deepest pockets. I expect that there will be arguments for and against my comment, but which competition focus will encourage more greed and margin calls?

I just think that a competition based on how well the trader trades rather than how much they can afford to put on a position would be better. I mean, 2 traders could enter and exit the same trades at the same time, but the one with the deepest pockets will win despite the fact that the traders traded identically. A PIP based system would have produced a fair draw, acknowledging that no one trader performed better than the other.

Originally posted by Champ

 

Originally posted by megrawab

 

I think there has been implementation already which is a bonus on posting on the forum. What about the referral contest?...

 

 

In my opinion, referral contest is not a good idea. A race of fake ids will create spam on this forum. Currently I dont have any other idea except trading contest.

 

well that's every trader's responsibility... Get real or get banned... yes trading competition would be great...

Yeh its such an good idea that there will be forex contest where many of us forex trader will gonna take part in it and gonna able to grab some good opportunity to make a good profit.

Yeah what an good idea and if there is a contest then there will be more forex trader who will take part and take advantage of it.