FXCM April contest winner ,China - 1703.93%

Discussion in 'Forex Trading' started by ssss, May 13, 2009.

  1. ssss

    ssss

    from 500 $ to 9033$
    + 25000 $ price money

    From point of view of the author of the posting ,this kind of trading
    (see record in .pdf file) is most relevant in
    situaition ,where retail operator have no any advantage (Author have this point of view in relation to spot forex ) and have objective -
    Great profit
    ##########

    not the objective -limited loss

    Limited quantities of operations with great risk

    2 Operations was performed in multiple step's -
    averaging up

    1- EUR/USD short from 1.35 unti l1.30
    6 april -22 april

    2- GBP/JPY short from 142 until 139
    22 april -28 april


    Game theory played great role .It is one result from
    approx 10 000 competitors
    Operator stated in survey ,that involved in forex only one year
    ##################################

    http://forexforums.dailyfx.com/micro-king/74732-king-micro-april-2009-results.html
    25K 4/6/2009 2:28 1.35613 Mkt
    09607809 EUR/USD
    4/22/2009 18:50 1.30246 1,341.75 -8.50 1,333.25 C
    15K 4/6/2009 15:01 1.33972 Mkt
    09640538 EUR/USD
    4/22/2009 18:41 1.30323 547.35 -5.10 542.25 C
    5K 4/8/2009 0:37 1.31950 SE
    09681126 EUR/USD
    4/22/2009 18:37 1.30276 83.70 -1.50 82.20 C
    15K 4/8/2009 0:37 1.31994 Mkt
    09709048 EUR/USD
    4/22/2009 18:46 1.30296 254.70 -4.50 250.20 C
    40K 4/16/2009 7:27 1.31810 Mkt
    09978994 EUR/USD
    4/22/2009 18:52 1.30240 628.00 -4.00 624.00 C
    10K 4/17/2009 11:20 1.30524 Mkt
    10038945 EUR/USD
    4/22/2009 18:36 1.30281 24.30 -0.80 23.50 C
    10K 4/17/2009 11:20 1.30522 Mkt
    10038947 EUR/USD
    4/22/2009 18:29 1.30171 35.10 -0.80 34.30 C
    20K 4/22/2009 23:29 142.002992 Mkt
    10221506 GBP/JPY
    4/28/2009 6:04 139.422 538.40 -2.60 535.80 L
    30K 4/22/2009 23:30 141.995008 Mkt
    10221509 GBP/JPY
    4/28/2009 6:04 139.423 804.79 -3.90 800.89 L
    50K 4/22/2009 23:32 142.050016 Mkt
    10221513 GBP/JPY
    4/28/2009 6:04 139.420 1,371.57 -6.50 1,365.07 L
    50K 4/24/2009 5:11 142.243008 Mkt
    10282195 GBP/JPY
    4/28/2009 6:04 139.421 1,471.70 -4.50 1,467.20 L
    50K 4/27/2009 1:49 141.927008 Mkt
    10330472 GBP/JPY
    4/28/2009 6:47 139.100 1,477.29 -3.00 1,474.29 L
     
  2. bpcnabe

    bpcnabe

    Any Harry Potter fans want to give a handhere?
     
  3. kxvid

    kxvid

    I dont trust these results. Think about it. Someone could enter the contest with 50 different accounts, and do mirror trades in each account. Assuming enough shill accounts, atleast one account would have extremely impressive results. I assume FXCM tries to monitor for stuff like this, but still.
     
  4. sjfan

    sjfan

    It doesn't even have to be malicious - just survivorship bias. A boat load of people took huge, highly risky positions. The losers are all losers. The one winner gets the super impressive return.

    If you adjust for risk and leverage, I wonder how much of that return is really there.

     
  5. BS paper trading account = zero relevance like most posters here.
     
  6. euclid

    euclid

    Since these are real money accounts, you would need 50 x $500 to fund them and 50 real identities to open them. All for a small chance of profit plus $25000 prize money? Doesn't seem likely.

    However, the prize money offered does encourage existing account holders to take more risk, which is enough to produce impressive results for the lucky ones. It's also good for FXCM's profits.
     
  7. You can only enter 1 account per household. Since it is a micro account the name they gonna send a check to (you can only withdraw by check with fxcm micro) has to be real. Nobody is going to enter 50 accounts in this thing.
     
  8. ssss

    ssss

    Since these are real money accounts, you would need 50 x $500 to fund them and 50 real identities to open them. All for a small chance of profit plus $25000 prize money? Doesn't seem likely.

    However, the prize money offered does encourage existing account holders to take more risk, which is enough to produce impressive results for the lucky ones. It's also good for FXCM's profits.
    ##################################

    ... Yes possible open multiple accounts under different IP adress , or ofsset risk throguh another accounts

    After that present this result for broad public
    and try to be investment manager .

    That was made by Larry Williams ( in more worst scenario)

    ....
    But this kind result is possible for 1 from 10 000
    attempts . Exist better -2500 %

    In april result was corrrelated
    ---------------------------------------------------
    with theory of betting in casino or market ,where
    ----------------------------------------------------------------
    operator have no any advantage
    ----------------------------------------------------

    Low quantities of operations with great risk
    ####################################

    Author point of view retail operator on spot
    #######################################
    fx market have no any advantage
    ##############################