A discussion about $500 micro accounts contests @ the forum named "Elitetrader".... ROFLMAO... ############################ thread named about 2300% on 500$ account This person ,which won fxcm 500 $ contest expected to have more qualification to perform good win with 10 000 $ account ( 100-700% per year) Person which won FXCM with 2800$ start balance and 1600% (in august 2008) expected to have better chance to perform good win with 50 000 $ per year( 100-400%)
There is no difference, 2400% on $500 or 24000% on $500, because all these amateur contests are absolutely irrelevant to real professional consistent trading day in day out... Any idiot can nearly randomly open positions on max leverage, eventually catch a strong trend, multiply $500 account in a very short time and show it to impress fools about how much profit he/she made. But it is not even nearly called trading in a business sense of the word.
Another real money contest with 250$ start balance and approx 900-1000 participants (FXCM more as 10 000 ) You can see not only winner but looser for multiple months https://secure.ibfx.com/contest/contestresults.aspx ! .Most corrupt software metatrader
There is no difference, 2400% on $500 or 24000% on $500, because all these amateur contests are absolutely irrelevant to real professional consistent trading day in day out... No doubt . Market maker have advantage , slightly more as 50% Observe ,how make profit Oanda , gret quantity of small clients with great quantities of operations Shannon/Kelly form is relevant ,if operator have advantage Retail have not ################## If exist not advantage ,best strategy to win ,limited quantities of operations with heavy beat (100 % Risk) Montecarlo roullete have advantage 51.60 to 48.40 . (with event game) Retail in Montecarlo have only 48.60 Retail clients in forex very possible lower as 48.60 ...... Any idiot can nearly randomly open positions on max leverage, eventually catch a strong trend, multiply $500 account in a very short time and show it to impress fools about how much profit he/she made. It is no different ,more of them randomly open ####################################### can be better ,as fundamental and technical ################################## indicators,news broadly used from professional as ######################################## desinformation ( Buy on on rumour ,sell on news ################################ on example) To end of the year 90% of retail would loss ,5% would have zero ,4.9% average win and only 0.1% very good win Average retail account life expectancy by forex 60 days. .................................................... But it is not even nearly called trading in a business sense of the word. Nonsense . All operations ,1000 per day or one per year .with risk 0.1 % of capital or 100% of capital related to 1.Edge 2. Game theory -Shannon,Kelly ,Morgenstern,Puancare Author point of view -retail have not any edge ####################################### full correlated with industry statistic