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Discussion of the Forex Contest FX Choice Forex Contest
Uczestnik z Jul 31, 2009
1444 postów
Mar 02, 2015 at 08:37
Uczestnik z Jul 31, 2009
1444 postów
This topic is for discussing the Forex Contest FX Choice.
Mar 03, 2015 at 00:51
Uczestnik z Sep 05, 2013
50 postów
here is hoping the rules of this FX Choice Contest will be set out more clearly from the start. good luck to all contestants. may all your trades be in the green.
“Everybody should have a dream. What if that dream comes true?” – Jack Ma
Uczestnik z Jan 24, 2014
132 postów
Uczestnik z Dec 23, 2013
2 postów
Uczestnik z Jun 24, 2012
13 postów
Uczestnik z May 08, 2010
214 postów
Mar 03, 2015 at 07:53
Uczestnik z May 08, 2010
214 postów
To prevent 'gambler Trader(s)' who open large lot size trades and luck-that-through-with-a-large-wining-position, I would suggest a limit size on lot trades (perhaps 10.0 lot size) and maximum 5 open trades at any one time.
With these two additional T&C in place, that will give new traders a chance in the competition.
I have checked out this broker and, though I am not too keen on a broker headquarter & regulated in Belize City, Belize, I will try out their trading platform in this competition and see what happens from there.
Also I have checked reviews on couple forums and see that a representative, Anthony K, from FXChoice is very active to resolving complaints from their clients....and that suggest to me that this broker is active in building up their reputation. Impressive! 😀
With these two additional T&C in place, that will give new traders a chance in the competition.
I have checked out this broker and, though I am not too keen on a broker headquarter & regulated in Belize City, Belize, I will try out their trading platform in this competition and see what happens from there.
Also I have checked reviews on couple forums and see that a representative, Anthony K, from FXChoice is very active to resolving complaints from their clients....and that suggest to me that this broker is active in building up their reputation. Impressive! 😀
Uczestnik z Apr 20, 2013
2 postów
Mar 03, 2015 at 07:54
Uczestnik z Oct 02, 2010
5 postów
yes... FXChoice takes US traders so US traders are allowed in contest. Trades any way you would like martingale and grids system are not good to trade in the long run good trading to all.
Trade the market you have, not the one you want.
Mar 03, 2015 at 07:55
Uczestnik z Mar 09, 2013
45 postów
Can someone help me explain...
On MT4, when I open an order and see 0,01, 1... Is 0,01 a micro lot? And 1 a mini lot? or is 1 a standard lot?
On MT4, when I open an order and see 0,01, 1... Is 0,01 a micro lot? And 1 a mini lot? or is 1 a standard lot?
"Failure is simply the opportunity to begin again, this time more intelligently." ~Henry Ford~
Uczestnik z May 08, 2010
214 postów
Mar 03, 2015 at 08:31
Uczestnik z May 08, 2010
214 postów
It depends on what type of trading account you registered for. If 'cents' account, then profits will be in cents for 0.01, 0.10, etc.
For mini and standard account, the dollar value for 0.01, 0.10 etc will be as the type of trades you make.
For mini and standard account, the dollar value for 0.01, 0.10 etc will be as the type of trades you make.
Uczestnik z May 08, 2010
214 postów
Mar 03, 2015 at 08:35
Uczestnik z May 08, 2010
214 postów
There are a number of brokers who have 'Trader's calculator/Currency Converter' ...I use Exness under 'Tools'....which helps to convert trades value, margin requirement, etc at whatever leverage & type of account you use.
Mar 03, 2015 at 09:52
Uczestnik z Feb 15, 2013
21 postów
That last contest thread set a new record for dumb questions easily answered by reading the rules...and definitely for the most whiners. Hopefully this will be better...though I see the questions have already started.
We do need to clarify the rule regarding 'commercial robots' though. As a couple others have asked, how would they differentiate between EA's that were purchased and ones that were coded by the trader themselves....or ones downloaded for free. Does this mean no EA's at all? (I don't use them so it makes no difference to me...but this IS a good question that needs an answer.)
We do need to clarify the rule regarding 'commercial robots' though. As a couple others have asked, how would they differentiate between EA's that were purchased and ones that were coded by the trader themselves....or ones downloaded for free. Does this mean no EA's at all? (I don't use them so it makes no difference to me...but this IS a good question that needs an answer.)
Mar 03, 2015 at 09:53
Uczestnik z Feb 15, 2013
21 postów
RahmanSL posted:
To prevent 'gambler Trader(s)' who open large lot size trades and luck-that-through-with-a-large-wining-position, I would suggest a limit size on lot trades (perhaps 10.0 lot size) and maximum 5 open trades at any one time.
With these two additional T&C in place, that will give new traders a chance in the competition.
There are no such 'rules' in the real world so this is a dumb idea IMHO. If somebody wants to trade balls out they should be allowed to...if they make good trades and know what they are doing they win big...if not, they blow up their account real fast. I've said this before but I'll say it again: Soros didn't become rich and famous by risking 2% per trade. That's just the way it is with short 1 month contests like these. If you want a 'prop trading simulator' type of contest, go enter the Dukascopy one.
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