http://www.learncurrencytrading.com/fxforum/king-mini-competition/14392-june-2008-results.html 1st Place -- $2,500 -- Anonymous -- China -- 1,037.36% To view the combined statement click here By trading only the major currencies this trader took his balance from $4,232.55 to having around $48,139 in equity by the end of June. Trade times mostly lasted for just several minutes, yet often lasted for as much as a few days. Making over a hundred trades, the trader exclusively utilized the USD, the EUR, the GBP, and the JPY. Somewhere the course instructors for FXCMâs âTrading the Majorsâ are smiling. http://www.learncurrencytrading.com/images/KOM/June 2008/1st place_June 2008.pdf
From more as 150 000 attempt's (each month 4000 contestants) it is best result was two over 800 % two over 700 % some 4 more as 600% But most of attempt's (more as 90-95%) was with loss ... With Game theory (Puankare, J.von Neumann ,Kelly,Shannon) full correlated ...
This is gamblig: no fear to loose the entire account. I think that if he has operated with $423,255.00 out of his pockets, the performance would have been 1.03736% Gabriele http://www.gabrielevivinetto.it
it's lose not loose. It's all about the leverage. FXCM gives 200:1 leverage. So he really only made about 5% on his money he just had it leveraged 200 times. If his account was ten times bigger he probably cuts the leverage to 20:1 or 2:1 and his gains drop to 100% or 10%. Why rag on the guy he had a great month?
Sorry for my bad English :-( It's the same thing I was trying to say Leverage is an obviously double blade edge, you multiply gains, ad you multiply losses ... Anyway, yes, he made profits. In a way I don't agree with, but he made them. PERIOD.
This is gamblig: no fear to loose the entire account. I think that if he has operated with $423,255.00 out of his pockets, the performance would have been 1.03736% ------------------------------- FX brokers are not pure agents of principal's(hotspotfx exception) and involved in tradings against client's For small account that can go ,if client accept 100% risk ,for great account value with high chance not . Market would reacted for account 1 mln$ with levarage 100 for short time trading
Does it matter though, >1000% reward for <100% risk sounds like a reasonable bet to me I guess if you were doing it live you could take out your initial stake as soon as possible then it's house money which is being gambled.