HotForex Virtual To Real Forex Demo Contest-2020

FXTM – Demo Forex Trading Contest 2019

FXTM – Demo Forex Trading Contest 2019

https://preview.redd.it/5mwgpivlynl21.jpg?width=540&format=pjpg&auto=webp&s=125de1836749322dcd687d58536eb8ebf2014601
1st – $10,000 2nd – $5,000 3rd – $2,400 4th – $1,600 5th – $1,000
  • How to Join:
1.Log in to MyFXTM or register for an account 2.Read and accept the contest T&Cs 3.Start trading on your Demo Account 4.Highest profit (%) claims top spot
  • How to win: Trade into the top 5 and you will be rewarded with an upgraded prize of up to $10,000 per round.
submitted by BestForexBonus to u/BestForexBonus [link] [comments]

FXStreet is running a Forex Demo contest with $18,000 in live trading accounts. Registration open! Contest dates: 12th Oct - 14th Nov

FXStreet is running a Forex Demo contest with $18,000 in live trading accounts. Registration open! Contest dates: 12th Oct - 14th Nov submitted by FrancescFXStreet to Contest [link] [comments]

Forex Demo and Live Trading Contests

Forex Demo and Live Trading Contests submitted by watanuki17 to Forex [link] [comments]

Weekly Update: Blink-and-you-miss Parena, CyberFM suspends On-Air Ads, Intellishare withdrawal announcement, BitForex + Mycro.. – 20 Mar - 26 Mar'20

Weekly Update: Blink-and-you-miss Parena, CyberFM suspends On-Air Ads, Intellishare withdrawal announcement, BitForex + Mycro.. – 20 Mar - 26 Mar'20
Heyo folks! Want to get off the COVID-19 news cycle? Hop onto the Parachute express. Here’s your week at Parachute + partners (20 Mar - 26 Mar'20):

Doc Vic hosted a CoD Mobile Battle Royale in the Parachute War Zone while Alejandro hosted a gun mode flash game followed by a free for all flash game. The PAR4PAR raffle continues too. Get on in the action to win some cool $PAR just for HODLing. Afful held a trivia in TTR for 1k $PAR in prizes per question. While Gamerboy’s history trivia in tiproom was a ton of fun, Charlotte’s math quiz bamboozled everyone. Foo held a blink-and-you-miss Parena this week. Gian’s Two-for-Tuesday was a welcome respite in these testing times with Parachuters invited to post music from their home countries. Sebastian, like always, was a Godsend for setting up a playlist of all the posts. For #wholesomewed, Parachuters looked for "the most ridiculous item for sale of Amazon". Haha!
The wackiest #wholesomewed entries from Streamr, Franklin and Christian (L-R)
Click here to watch this week’s aXpire update video. For the weekly token burn, 20k $AXPR was sent to the Ethereum Genesis Address. 2gether has observed a 236% rise in crypto purchases during the COVID-19 crisis period. Results of these findings were published on Cointelegraph as well as shared in a video by YouTuber Tiziano Tridico. Bounty0x Telegram community members were in for a treat this week. The project partnered with Unstoppable Domains to offer a free .crypto domain to everybody who followed the instructions here. Switch published their latest product update this week. Click here to read about Fantom’s views on regulations and expansion plans in Korea. The latest technical update was published as well. Following the project’s partnership with Band Protocol which was announced last week, the two teams got together for an AMA this week. Plus, congrats on reaching 1Bn staked $FTM! A brand new API was released so that it could keep up with the chain followed by the release of its chain explorer – Fantom Vision. Uptrennd founder Jeff Kirdeikis hosted a community AMA to take feedback on how to improve the platform. Jeff also wrote about the markets and how they have affected Uptrennd amidst the COVID-19 situation. And congrats on the merch shop. Get your Uptrennd gear, folks! Digibyte won the public vote which started last week to select a project for a free free review + marketing package from Uptrennd. The report will be published next week. Entries for the Article of the Month contest ended this week with a public vote to adjudge the best. CyberFM suspended all On-Air advertising this week to be replaced by public service announcements and free advertising for small local businesses.
That is a big jump indeed
Harmony’s #pow thread is a detailed summry of the individual-level work of all team members over the last week. The weekly video digest can be seen here. The crew also conducted a meetup over Zoom this week. Validators, delegators and stakers have their own chat room now as well. The winners of the $ONE trading competition on ViteX started few weeks back were announced this week. Privacy protocol Suterusu partnered with Harmony to add new privacy features to the $ONE blockchain. $ONE got listed on SimpleSwap. Mainnet swap was completed on HitBTC. Did you know it would less than a minute to recover your node after a network hard reset? Check out this video to see for yourself. Plus, a demo of how cheap a transaction can be showed you could do almost a thousand transactions with 1 $ONE. The project also joined hands with several other blockchain companies to contribute computing power for COVID-19 research through BOINC Network. Intellishare announced a deadline (24 Apr’20) with withdraw all funds from their website to prepare for an upgrade. GET Protocol CEO Maarten Bloemers wrote penned his thoughts on the present COVID-19 crisis and how the platform is coping with it. Despite the lockdown, the team’s “spirits” continue to remain high. Get it, get it? Haha. As the Q1 2020 burn report gets close, the community got together to guess the burn amount to win some cool $GET tokens. THE $COTI top management were invited by Cardano this week to talk about payment networks. Following the claim reward option released last week, the unstake option was also made available to stakers on the mainnet wallet starting this week. A new upgrade was made to the transaction distribution algorithm to ensure fair chance to all participating nodes in the network. For the latest project status report, click here. Plus, congratulations on the new funding round. $ETH HODLers, you might want to check your wallets. DoYourTip airdropped 20 $DYT tokens to each wallet that held some ParJar supported tokens this week.
New unstake option in the COTI mainnet wallet
This week’s District0x Dapp Digest had former professional basketball player and founder of DAOhub Auryn Macmillan as an interviewee. The District Weekly covers the last 7 days in the District0xverse. Hydrogen announced an integration with KYC provider Trulioo this week. The project was also mentioned in a Forbes article listing fintechs that were offering free technology in the COVID-19 crisis. Thinking of building a fintech app? The crew explained what it takes to make one in their latest blog post. Crypto chartist Stacking USD announced a partnership with Sentivate where he will be creating curated $SNTVT-focused content. Still haven’t seen Sentivate’s social site? Check out the FAQs to learn more. BitForex partnered with Mycro to have their latest campaign on the Mycro Hunter App. SelfKey joined Blockfolio Signal this week. This allows them to share project updates as notifications with Blockfolio users. How could COVID-19 affect your data security? Read all about it in SelfKey’s latest blog post. Plus, tips for WFH (Work From Home) during the lockdown. WhiteBIT was added to the exchange marketplace this week. The team also answered some FAQs on the $KEY token and tokenomics. Additionally, the team wrote about how China’s Social Credit System would mean for the digital identity ecosystem. KuCoin announced support for Constellation’s $DAG mainnet swap. CEO Ben Jorgensen also shared some updates on the swap and onboarding node operators. Owing to the COVID-19 lockdowns, Wibson crew attended this week’s Ethereum Buenos Aires meetup on Zoom.

And with that, it’s a close for this week at Parachute! See you again with another update. Bye for now!
submitted by abhijoysarkar to ParachuteToken [link] [comments]

Trading Contest: Rules, Benchmarks and Prizes.

I've now arranged at least one backer for the trading contest to provide investment prizes. Some of the details of this may be subject to change. Last week my girlfriend went away on a trip and in the car she took was a bag with two of my phones and one laptop. So I've not yet discussed the finer points of this on the phone with the backer yet, just briefly exchanged some emails and have an agreement in principle. I'll be able to confirm Sunday/Monday when she's back.

Initial Funding Offer

Testing investment of $10,000. Scaling to full investment of $100,000. Further adding of funding up to $1 million.

Requirements

Meet a tier 3 trader benchmark.
Tier 3 traders have to be able to produce an average return of 3% a month and never exceed 10% drawdown.
Results need to be over 9 month - 12 months. The trading data needs to be made available for quant team analysis.

Account Requirements

Results have to be produced on live accounts, with a funding of $1,000 (or more).

If anyone is able to produce solid results but for some reason can not afford to fund this, I am willing to sponsor you for this, providing the seed capital (essentially investing in you). For me to do this, I'll need to see you producing solid results on a demo account for at least 3 - 6 months. If you can, I'll set up something to allow you access to live funds trading without self funding it.

Drawdown Rules

Drawdown will be tracked with professional metrics. This means we are tracking equity drawdown (not balance drawdown), and it mean we're tracking equity drawdown from high water mark.

This means if you open trades and they float against you, but later close profitably the drawdown in running trades is counted as losses. It also means if your trades go into profit and later close at a loss the percentage loss will be from the high in equity. So for example if you go up 2% in equity profit and close 1% loss, you lost 3%. 3% is your high water mark drawdown.

So it is essential you can both control your running equity losses, and efficiently cap losses on unrealised profits.

Markets

The backer is mainly from the Forex world, but also willing to provide backing for results from other markets. So people can trade where they know best.

(Note: For me funding you, I'll probably only be accepting Forex. Logistical reasons).

Toxic Tendencies

Results will be screened by quant team for 'toxic tendencies'. These are known weaknesses in strategies that mean they can produce short term results, but rarely are sustainable. The most common example of this is martingale. Toxic tendencies strategies will be rejected even if they produce good results. If there is any chance at all of them being considered 18 months or more of trading history will be required.

Fresh Accounts

For the purposes of this contest, all accounts will have to be new accounts tracking forward from the start date of the contest. Backtesting or previous forward testing will not be accepted.

Further Funding

The funding available can be further increased if tier 3 benchmarks are passed. Tier 3 is the lowest viable results, with funding usually capped under 5 million (most commonly 1 million). If traders can beat tier 3 results and match tier 2 or even tier 1 results, a lot more funding is available.
As a rule of thumb, tier 2 traders have minimum investments of 5 - 10 million. Tier 1 traders minimum investments of $100 million. I will discuss in more detail with people how to progress through these tiers if and when it is applicable.

Time Scale of Opportunity

This is open indefinitely. The backer will probably be quite happy to offer incentives like this for a long time (profitable traders are worth a lot of money to those who can fund them). Even if for some reason they decide to no longer offer funding, in a few years time I will be in a position where I can allocate large amounts of funds to profitable traders - so I will provide continuity of this offer.

My Benchmarks

As benchmarks, I will provide a few different strategies that I know are suitable for tier 3 trading. It has always been in my plan to provide some strategy write ups for these for people to learn them, and then have them running with ongoing results updates for people to see how they perform. So I will just push on with getting this set up, and then use these strategies as my entries into the contest and setting of tier 3 benchmarks.

Starting Date

ETA for this is probably in the next 3 weeks. This gives me a bit of time to do the strategy write ups and finalise details on funding requirements and scale up of investments. I will update on this when I have a more solid timeline.
submitted by whatthefx to TradingAlerts [link] [comments]

😲 A virtual battle for real-world money!

😲 A virtual battle for real-world money!

https://preview.redd.it/skrcszmnrn531.png?width=1175&format=png&auto=webp&s=8cc14f6764bfb34a53f01b052b46218c0b932f60
Earn the highest return on a #Forex_Demo_Contest while keeping drawdown to a minimum.
How? Here the conditions: http://bit.ly/2WWBAZM
If you want to know how does a #demo_contest work then you can read this http://bit.ly/FX_Demo_Contest
My question for you did you win any #demo_competition in your whole trading experience?
submitted by ronykhanfx to TopAsiaFX [link] [comments]

Another contest that we are all worthy of! | Courtesy of TIOMarkets

Another contest that we are all worthy of! | Courtesy of TIOMarkets submitted by MaddieAnderson to daytraders [link] [comments]

Another contest that we are all worthy of! | Courtesy of TIOMarkets


https://preview.redd.it/3wlad159pxx21.jpg?width=688&format=pjpg&auto=webp&s=f27eb0a3133b9ab1eafddfaf708e00265391cd1c
#DemoContest #NotAnotherTradingCompetition
Check it out here ➡️ https://www.forexvolumes.com/forex-bonus/tiomarkets-4k-in-prize-demo-contest
submitted by MaddieAnderson to daytrade [link] [comments]

Another contest that we are all worthy of! | Courtesy of TIOMarkets


https://preview.redd.it/a6gh2bktsxx21.jpg?width=688&format=pjpg&auto=webp&s=5c9dfdd1dd4e541f4dd9b0ac3b0bb0a7acb22297
#DemoContest #NotAnotherTradingCompetition
Check it out here ➡️ https://www.forexvolumes.com/forex-bonus/tiomarkets-4k-in-prize-demo-contest
submitted by MaddieAnderson to daytrader [link] [comments]

Where to post demo trades (live and/or paper)

I've seen myfxbook website being used for posting demo trades for Forex trading, including paper trades and live trades.
Are there similar websites for publicly posting live and/or paper trades for stocks and options? Or public contests that cannot be easily gamed and therefore could serve as demos of someone's actual algo performance? I'm assuming that collective2 may be one of them, but myfxbook feels more open and collaborative, so I'm looking for more options for equity traders.
submitted by vegas_guru to algotrading [link] [comments]

FBS – “FBS Pro” Demo Contest

1 – $450 2 – $250 3 – $150 4 – $100 5 – $50
submitted by BestForexBonus to u/BestForexBonus [link] [comments]

I made a list of resources for beginners.

Check back often as this is regularly updated.
BLOGS N/A -------------------------------------------------------------------------------------------
https://jkonfx.com/ Technical & fundamental news on currencies. I would advise newer traders not to trade solely on external opinions because that won't cement your own methodology or reasons for trading. Excellent website for if you want an overview of the markets and daily reports. Also includes a trading journal and a lot of media attention.
http://www.stocktradingtogo.com/ A good blog for new traders/ investors. Lot of ‘top 10 lists’ to flick through.
http://www.tradingheroes.com/ This is absolutely amazing! I can't put a value on this! It's one of the best gems of the internet. Podcasts interviewing successful traders, some are notable such as 50pips, Walter Peters & Chris Kapre.
http://www.nobrainertrades.com/ Found this when doing the podcast link below, it's actually really good high quality stuff. Blog based with plenty of educational material.
http://www.chatwithtraders.com A weekly podcast that interviews successful traders. Thank you gumballfrank for this.
http://ftp.traderkingdom.com/ Not had much of a chance to check this out, but first impression are nice!
http://www.forexlive.com Heavily oriented towards fundamentals. Good news portal submitted by WinterTires thanks!
http://www.tradeciety.com/ Heavily visually oriented perfect for beginners! Lots of infographics and info. Submitted by gumballfrank
ONLINE SCHOOLS & LEARNING PORTALS N/A -------------------------------------------------------------------------------
http://www.tradimo.com A superb website dedicated to training people to become better investors traders for free.
http://www.babypips.com One of the best free online schools which tracks your progress and teaches you heaps on information. The forum is the gem, where many people keep trade journals and put up their strategies. Don't copy them but borrowing concepts and ideas is good.
http://www.forexpeacearmy.com/forex-forum/forex-military-school-complete-forex-education-pro-banke Unbelievably thorough! Education on forex trading, literally everything is covered.
http://stockcharts.com/school/doku.php?id=chart_school Very wide ranging resource that focuses mainly on technical analysis.
http://www.investopedia.com This should be a given, but seriously – this place is the Wikipedia of trading/ investing.
http://www.swing-trade-stocks.com/swing-trading-basics.html Actually a really good learning resource that mentions psychology and momentum among other things.
http://thepatternsite.com/Psychology.html Really good information on trading psychology – something that often goes unnoticed with beginners.
http://www.finvids.com/ Cool little website with videos on candle patterns and chart patterns.
http://www.fxacademy.com/ Appears to be a free trading academy. Not tried it personally, but it looks really good. With plenty of videos for visual learners.
ARTICLES OF INTEREST N/A -----------------------------------------------------------------------------
http://www.stocktradingtogo.com/2009/05/14/trading-psychology-stages-investor-emotions/ An article on the ’14 stages of investor emotions’ knowing who you are and what is happening to you can lead you to make more calculated decisions.
http://fourhourworkweek.com/2014/10/15/money-master-the-game/ Tim Ferris, author of The 4 Hour Work Week interviews Tony Robbins to find out the success behind the worlds best investors. Talking about morning routines, peak performance & mastering money!
http://www.tradeciety.com/category/trading-blog/ Best trading & investing blogs and articles as picked by tradeciety.com
http://www.forextradetracker.com/blog/understanding-forex-jargon-a-glossary-for-beginners Forex jargon glossary for beginners. Submitted by gumballfrank
FORUMS N/A -------------------------------------------------------------------------------------------------
http://www.forexpeacearmy.com/ Excellent learning resource, main focus is to help avoid people getting scammed.
http://www.trade2win.com/boards/ Massive forum for beginners to talk to more experienced traders – very active community.
http://www.forexfactory.com/forum.php Much like trade2win but more focused towards forex.
http://forums.babypips.com/ Another forum dedicated to forex traders. You'll find people keeping good strategies here, list them via most views first to find the real gems.
MISCELLANEOUS RESOURCES N/A --------------------------------------------------------------------
http://www.forex-warez.com/Free%20Download/ Every book you could ever want on trading, investing, market psychology, strategies etc.
http://www.forextradetracker.com/ SUPER IMPORTANT This website is paramount to your success, still in development but will provide users with an easy way to document trades. Success is determined by your willingness to follow through with the boring bits so keep this one in your bookmarks.
http://www.hotcandlestick.com/candlestick-pattern-flashcard-game.html Super useful Flashcard game that helps you to remember important candlestick patterns.
http://www.hotcandlestick.com/forex_charts.htm Important candlestick patterns that have appeared on the major currency pairs. Good for a quick overview.
http://www.freeonlinetradingeducation.com/chart-school.html Website offering visual illustration & practical applications of popular candlestick patterns.
http://www.hotcandlestick.com/candles.htm Glossary of candlestick patterns.
http://www.incrediblecharts.com/topic/Technical_Analysis Another resource for learning technical analysis. Not particularly thorough but useful for basic concepts.
http://www.forexschoolonline.com/ Market overviews and trading opportunity videos provided, along with educational videos and the like.
http://www.tradersdna.com/education/ Another trading education site focusing more on forex.
YOUTUBE CHANNELS N/A ------------------------------------------------------
https://www.youtube.com/useJarrattDavisForex Jarratt Davis - plenty of educational videos to help you get your bearings! *Submitted by masudhossain
https://www.youtube.com/useOneStepRemoved Shaun Overton interviews many forex traders to find out why and how they work.
------------------------------------- BELOW ARE PODCASTS FROM TRADING HEROES WEBSITE ----------------------------------------
Podcast Lessons
TTL001 – Pro Trader Interview: Haji Warithu What he attributes his success to, what amount of money you need to start and how to choose an Islamic broker among other stuff.
TTL002 – Full-Time Trader Interview: Jessica Peletier, AKA Rogue Traderette How she lets her partner know there are losses as well as wins. Where she learnt to trade, why CFDs are amazing etc.
TTL003 - Interview with Pro Trader and mentor Chris Lori. His thoughts on backtesting, why being athletic counts, his development and timeline as a trader, how his trading results exploded and what to do if you want to manage funds.
TTL004 – Interview With Pro Trader Adam Jowett The common trait he sees in successful traders, how long it took him to become profitable, the most important trade that made him successful, his favourite books and why they both like Jessica Peletier.
TTL005 Doesn't seem to exist. I'm not joking.
TTL006 – How Colin Jessup Went From Warehouse Worker To Professional Forex Trader And Soon-To-Be Fund Manager A warehouse worker went through his trials and tribulations to be given the offer of managing an $80 million fund. How he started with $800 and no clue what to do, 2 biggest mistakes he sees traders making, how he continues to improve and what has happened to his lifestyle since becoming a full-time trader.
TTL007 – The Inspiring Story Of How Psychologist Walter Peters Quit His Dream Job To Trade Forex Naked For A Living (not what you think) How Walter Peters quit his job to trade forex for a living. This guy trades naked using No indicators
TTL008 – How Lynette Allen Combines Minimalism, Line Charts And Only One Currency Pair To Trade For A Living How Timothy Sykes inspired her, what minimalism is all about and how it's spread to every facet of her life, what her single pair to trade is, what the 2 best traits for successful traders are and plenty more!
TTL009 – How Brian McAboy Leveraged His Engineering Background To Trade And Coach For A Living What plastic bottles have to do with trading, how much money you need to have to be properly funded and go full-time, how much work you have to do and how long it'll take to get there, 2 best traits to have and loads loads more!
TTL010 – How Rafael Veron Taught His Wife To Trade Better Than Fund Managers Can you actually trade from a beach? The use of hypnosis to make him a better trader, the method that works with his psychology, how much you need to get started, how long it took him to become profitable and what he would do differently if he had to start over! plus loads more!
TTL011 – Why (and how) 50 Pips Trades Forex For A Living What does trading have to do with golf? Things you could learn from his students and his opinion on black box systems and fibo retracements.
TTL012 – How A Millionaire’s Intuition Transformed Chris Capre From Yoga Instructor To Professional Forex Trader Personal Favorite I love this guy because he's true and noble. He is philanthropic, offers trading courses that are cheap and really knows what he's talking about. He explains how a 3 second glance can stop you 2nd guessing yourself, how much he made with $3000 in 6 months and plenty more!
TTL013 – Steve From No Brainer Trades And The Only Thing You Need To Remember When Trading What the biggest killer of our accounts is, the cliches that are true, where to find the hidden information amongst many other things.
TTL014 – How Casey Stubbs Went From Computer Geek To Forex Trader His opinion on EAs, why he trades the way he does and the biggest mistakes to avoid!
TTL015 – Trading For A Living Risking Only 8 To 12 Pips Per Trade: Kim Krompass How she was profitable from the start, her strongest trait, her strong opinion on backtesting and demo accounts, how she lost her fortune and info on her 2 most succesful students.
TTL016 – How Custom Programming Can Help Almost Any Trader With Shaun Overton How to know when you're in the forex dream, lots of info on automated systems and his experience with AI.
TTL017 – Bank Dealer Turned Independent Trader Walter Vannelli Shares His Experience His unique style of meditation, why banks win and how you can fight back, his daily routine and how much you needed to trade in the 80's.
TTL018 – How Reynaldo Soriano Makes A Living Trading 1 Hour A Day Why he holds trading contests, why forex is the best market to learn in, how institutions work and why he stopped day trading.
How A South Central Public School Teacher Became A Successful Forex Trader With Greg McLeod How he's turned some traders around in 30 minutes, why you never trade on a monday, the courses he bought, why he teaches outside the classroom and why he sent his kids to learn chinese.
Edit - I've spent about 2 hours making this now. I hope you guys find it useful! I'll continue to update it and may you all find trading success. If you want to help me out spread the link! put it on forums or share it with friends. Good luck to you all and happy trading!
Edit 2 - My brain is fryed... time for a rest.
Edit 3 Once I've categorized this post making it easier to navigate i'll be adding books to read, videos to watch & the traders that will help on your journey to self-sufficiency. Happy trading everybody!
submitted by Dannyboi93 to Trading [link] [comments]

Lessons from the world of currency trading

Ever since college I have been fascinated by this mysterious world of currencies trading (also known as FOREX). The great attraction for me was obviously the money, the huge potential for profit, but also the exclusiveness of being a trader. I always thought that trading attracts a certain breed of people, where only the best of the best succeed. And, as I always thought of myself as being one of the best, I set myself an objective of becoming a successful trader.
You might ask why I chose to trade currencies. To be honest, I was lured in by the very low entry barriers ( at that point in time, it took close to $500 to open an account; now you can open a live account for as little as $50) and the huge potential to the upside, thanks to leverage. Next I embarked on a paid forex course that opened my eyes to the possibilities that were out there. I opened my first demo account, read my first charts and plotted my first indicators. A new world was taking shape and I was getting more and more attracted to it. But the final argument that convinced me was the fact the forex was the biggest and the most liquid market in the world, with over $5 trillion in daily volumes and the opportunities were all around, to the buy side and to the sell side.
It didn’t take long for me to join the ranks of rookie traders who are so eager to earn some money trading that they go in the markets unprepared and leave with their pockets empty. I’ve spent a couple months playing on a simulator, trying to participate in free contests, but eventually my patience ran out. I blew out a few real-money accounts while in college. Luckily for me, I did not lose too much money, but hey, I was a student and everything I saved went into my trading passion. So needless to say, that was all I had. First lesson to be learned from here: don’t invest money you do not afford to lose. While I believe the money I lost to be a fair tuition for learning the ropes in currency trading, I still could have done a lot better just by practicing more on my demo account.
Nevertheless, I was perseverant in trying to make it in trading. I did not let myself down by the losses I incurred, but I embraced them and got more motivated. After all, if you really want something, then you should do everything in your power to achieve it. When I managed to save some money again to invest in trading, I set my goal to not lose money. I realized by then that another important lesson is to be in the markets at all times. The best way to gain an edge in the market is to be a part of it at all times.
No matter how much I struggled to get my balance up, it seemed that I could not lift my account off the ground (remember I used to fund my account with only a couple hundred dollars and use leverage to trade). I could not offset all the small losses and commissions with my winning trades. Pressure was building up and mistakes took place more often. It took me a couple of years to understand that undercapitalization can “kill” you in the markets. Leverage is an incredible weapon for those who know how to use it, but in the hands of a rookie it is a ticking bomb. Small accounts with high leverage blow up incredibly fast, as rookie mistakes are being exacerbated by the effects of the leverage. Always make sure to have enough risk capital in your account. As it turned out, all my efforts to make it in the financial trading world did actually pay off, even though not as I first imagined it would. I eventually landed a job with a prop trading firm. Here is where things got really interesting and I have exponentially boosted my knowledge. I cannot stress enough how important it is to be among peers that have the same passion as you do, who are professional and have the competitive mindset that will push you to outperform yourself. Of course not everybody is lucky enough (or maybe don’t even want to) to land a trading job, but if you really want to make it in trading you should spend more time on trading forums. Share ideas, compare performances, get your motivation up. Seeing others do it and being successful at it will push you higher than you could imagine.
It all started out as a college hobby and it transformed itself into a career. I just gave it my time, dedication and perseverance. For all of those thinking about starting their journey in trading I say do it with an open heart. It is the most rewarding activity you could ever do. It gives you the freedom you always dreamed of. At least that’s what it felt like for me.
If you’re ready to open your own trading account, make sure you take the shortcut and use the advice given in these lines. Stay motivated, well capitalized, always in the markets, gain your edge and enjoy the ride. You will also need a trusted broker to partner with. Forex broker has great offers for new accounts that could definitely help you start off on the right foot. Just remember the basics and you’ll be fine!
submitted by dwaynebuzzell to StockMarket [link] [comments]

Forex School: Prep for Forex Finals

Forex School is a new demo Forex contest, a short two-week course in trading to start on March 21. If you complete it successfully and get into top-10 most brilliant “students”, you win 100 USD* and are automatically admitted to the following Forex Finals Live Account contest. Duration: March 21-April 1; Registration: March 3-27; Prize fund: 1,000 USD; Imgur Read More https://forum.forexcup.com/showthread.php?t=113285&p=2197840#post2197840
submitted by izveniklickov to Forex [link] [comments]

Myfxbook Demo Contest

Hi all. First time in this subreddit. I've been demo trading forex full time for 5 years and I'll be going live in September. Pro poker player prior. Anyway I happened to stumble upon the demo contest here: http://www.myfxbook.com/contests/forex-contest-gdmfx/30/rules
and i figured this would be a fun way to finish off my demo trading.
Anyone else want to enter? I imagine its going to be balls to the wall, so I guess I'll just trade 10% per trade and hope that the probabilities take care of themselves.
submitted by supermad4it to Forex [link] [comments]

[Just Launched] Options Domination Binary Trading - [Amazing System] - True Risk Free Trades! [New for 2015]

Many brokers or services will market something called “risk free” trades in which a certain number of your first trades you can get your money back should the signals they give you prove to be of bad quality. In most cases there are many regulations that require you to keep investing a certain amount before you can withdraw your “risk free” trades. This is the sign of a bad signal provider that probably makes more money selling their signals then they do actually implementing them themselves.
In our case study of the system we won 5 out of 7 of the trades and pocketed $250 in profit which is a 25% return on a small investment. We were very impressed with these results. At that time we could have elected to withdraw our original $1,000 and essentially be playing with the $250 “on the house”. CLICK HERE TO GET YOUR RISK FREE TRADES NOW!
CLICK HERE TO GET YOUR RISK FREE TRADES NOW!
Using their basic system of signals we were able to accumulate over $10,000 in our account in just 30 days! These are better results then we have gotten with other binary signals costing 10 times the amount of what options domination is charging. For a simple $50 a month you get multiple daily signals, keep in mind they don’t send you 1,000’s of signals a day like most services as they are focusing on the quality of the signal and not just sending you a bunch of garbage signals like many of the other companies do.
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Paano Sumali at Manalo sa Free Weekly Forex Trading Contest? How to Start Forex Trading in 2020 30 Day Demo Trial  Best Forex Trading Platform On The Market! Win 1000$ Real Dollar from Forex Trade demo Free Contest. Hot Forex demo contest, FBS demo contest FX ZONES: DEMO TRADING CONTEST 2017 Trading contest

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Paano Sumali at Manalo sa Free Weekly Forex Trading Contest?

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