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Forex Contest Vantage FX
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Kent_Brown

Member Since Nov 04, 2015  1 posts Kent_Brown Jun 19 2016 at 14:51
Hi everyone. Wanted to know about the rule of only having one account. Does it counts that i have accounts at other brokers?

Croco_Dile

Member Since Jan 08, 2016  221 posts Crocodile (Croco_Dile) Jun 19 2016 at 16:03
Kent_Brown posted:
Hi everyone. Wanted to know about the rule of only having one account. Does it counts that i have accounts at other brokers?


Quoting the rules :

'Each contest participant is allowed only one contest demo account. More than one demo account is grounds for disqualification.'

What you have with other brokes does not matter. You could have 100 other accounts. But in this contest only ONE account !
twist

Complexity is expensive, inefficient, and ineffective > Crocodile trading
Alazon

Member Since Nov 13, 2011  18 posts Alazon Jun 19 2016 at 21:35
forzion posted:
Well, I am participating in a contest where the max leverage is 1:30 or 1:15 and even in this enviroment some participants were able to make 500% in 2 weeks. Only difference is that no one can win with pure luck in one day. To make consistent profits for a month even with 1:200 leverage is not an easy task. Every moment you can destroy your account with single trade if you overleverage. Every FX competition is a game, there is an oportunity to play it and have fun. If you want to make money out of trading go and open a live account and you can trade by your own rules. You can even get much more in one month than in this competition for 1st place. Just count the probabilities of winning a competition and calculate how many can you make consistently on your own from your own money monthly and you will see that if you want to be profitable you should develop a working strategy and trade real money. If you try to be profitable in contest you missed the point of them. Only few can win others may have fun and gain experience. Is it worth of time if you do not have fun? NO!


Well said smiley

ouartsi

Member Since Jun 19, 2016  3 posts abdeslem ouartsi (ouartsi) Jun 20 2016 at 06:23
hi
fat sa va

wallysonjsa

Member Since Dec 29, 2015  2 posts wallysonjsa Jun 20 2016 at 06:23
Hello everyone!

I wish a good competition to all!
I would like to take this opportunity to create friendship leaving the following question to you: 'What is your main way to negotiate'

If you want, let your answer here:
http://goo.gl/forms/qoemyDnZoj0bwYT72

Thank you all!

tensaix2j

Member Since Apr 15, 2012  3 posts tensaix2j Jun 20 2016 at 06:31
Then my question is how do you detect different accounts don't belong to a single user? IP ?

parknicholas

Member Since Apr 07, 2016  1 posts parknicholas Jun 21 2016 at 06:32
tensaix2j posted:
Then my question is how do you detect different accounts don't belong to a single user? IP ?

grzegorzgolda

Member Since Mar 12, 2015  4 posts grzegorzgolda Jun 21 2016 at 09:55
Depends on how much effort you want to put into it.
IP may be the first step, but if you check accounts and there are different IPs used to login into them, you still don't know if it's not the same user.
Next steps may involve some social media digging, comparing patterns in order history, whatever comes into the minds of people investigating the issue.

aidan_91

Member Since Jul 23, 2014  9 posts aidan_91 Jun 21 2016 at 09:56
Yeah would love this if it was legit manual trading only. A simple Arbitrage EA will easily get a few thousand percent for the month...

I don't wan't to waste my time trading if someone will just use an EA that will have insane results for demo yet blow a real account..

aidan_91

Member Since Jul 23, 2014  9 posts aidan_91 Jun 21 2016 at 09:56
Shown here I got over 30,000% on a demo In a few days.. https://www.myfxbook.com/members/aidan_91/mt4-95824/1504591

There is a massive diffrence between demo and live trading.. Can we have this moderated to reflect a legit strategy?

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.