Forex Trading Contest Offers $40,000 in Cash

Discussion in 'Forex Brokers' started by FXCM-PR, Aug 31, 2009.

  1. FXCM-PR

    FXCM-PR ET Sponsor

    Forex Trading Contest Offers $40,000 in Cash

    New York – August 31st, 2009.
    FXCM Micro’s monthly forex trading contest starts tomorrow, September 1st, 2009. $25,000 in cash is awarded to the trader with the highest monthly trading return; $10,000 is awarded for second, and $5,000 for third place. FXCM Micro wants you to be the king!
    Click here to watch a live chat question and answer session with a recent two time King of the Micro winner, on how he trades. (Recorded Monday August 31, 2009 at 11:00 am EST)
    The popular currency trading contest has been running for over four years and is free to participate in. King of the Micro is available to clients all around the world. Recent winners have come from the United States, China, Malaysia, and Canada.

    All participants of the King of the Micro contest will receive the FXCM Power Course free to improve their chances to be King.

    There is no registration needed, and the requirements are simple: all FXCM Micro clients with $500 in their Micro account at the beginning of the month are automatically entered. And traders must make at least ten trades during the month.

    For more information on the King of the Micro contest, to read the full contest rules, and to deposit money into your FXCM Micro account, click here.
    FXCM Micro is the discount brokerage division of FXCM. Traders may open an account and start trading with as little as $25 to enjoy FXCM Micro’s super-low spreads, automated execution, and 1k lot sizes. FXCM Micro is offered for individual, self-traded accounts.
    Press Contact:
    Jaclyn Sales

    Phone: 1 646 432 2463

    FXCM Holdings, LLC Facts
    As of June 2009
    • FXCM Holdings LLC has over $100 million in capital
    • More than 150,000 live accounts are traded through platforms offered by FXCM
    • An average of $365 billion in notional volume is traded each month on FXCM trading platforms
    • More than $600 million in customer funds trading on platforms offered by FXCM
    Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.
  2. since trading is about "risk-adjusted reward" - how are you factoring kamikaze trading styles, by adjusting results for reasonable leverage, Sharpe, Profit Factor, maximum drawdown, and other statistics???

    Who wins the contest? someone who used 100:1 leverage to gain $1 million with terrible trading stats, or someone with 20:1 leverage to gain $900,000 with good trading stats?

    In other words, is this a real contest of trading savvy, or winner is whoever happened to be lucky that month? The firm that holds a real contest based on skill, will be a rare firm indeed...