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Upcoming Contest Q&A
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Salala

Medlem sedan Jun 23, 2011  16 poster Salala Jul 01 2011 at 14:44

Staff posted:
    The leverage is indeed 1:50.


what about the stop-out level ? ( when will the margin call occure ? )

goodboyfx

Medlem sedan Jan 09, 2010  14 poster goodboyfx Jul 01 2011 at 16:08
50:1 to an extent i like this because it will filter out lot of gamblers and allow talent to prevail. I am ranked #66 at moment. If I didn't have to rush to work, I would be No. 1 Anyhow my goal is to be in top 25 if not winner of contest.

Get Rich & Spread the wealth
Splexin

Medlem sedan Apr 11, 2011  202 poster Splexin (Splexin) Jul 01 2011 at 16:14 (editerad Jul 01 2011 at 16:14 )
goodboyfx posted:
    50:1 to an extent i like this because it will filter out lot of gamblers and allow talent to prevail. I am ranked #66 at moment. If I didn't have to rush to work, I would be No. 1 Anyhow my goal is to be in top 25 if not winner of contest.

Agree. I'm also glad starting deposit is $50K instead of $100K. Makes the trading overall more realistic, rather than fantasy casino. Look at all the winners of previous contests-- got there because they rolled high...not because they had a good strategy.

Everything should be as simple as it can be, but not simpler.
xoof

Medlem sedan Nov 03, 2010  3 poster xoof Jul 01 2011 at 16:15
The competition this time looks to be more fierce than before. 16% in only 5 hours with 50:1 leverage...

rajesh7827

Medlem sedan Mar 04, 2011  10 poster RAJESHKUMAR (rajesh7827) Jul 01 2011 at 20:26 (editerad Jul 01 2011 at 20:27 )
am from india, i have one doubt in this competition, that is currently am trading with currency pairs only, can i trade with indexes and others also ah ? ?,
That mean USOIL, UKOIL, GER30, US30, UK100, XAU-GOLD, XAG-SILVER.
If i trade with above, that pips will eligible for competition ? ? ? confusedconfusedconfused

No matter what happens, God is always with me..
openfx

Medlem sedan Feb 02, 2011  12 poster openfx Jul 04 2011 at 14:22

Splexin posted:
    goodboyfx posted:
    50:1 to an extent i like this because it will filter out lot of gamblers and allow talent to prevail. I am ranked #66 at moment. If I didn't have to rush to work, I would be No. 1 Anyhow my goal is to be in top 25 if not winner of contest.

Agree. I'm also glad starting deposit is $50K instead of $100K. Makes the trading overall more realistic, rather than fantasy casino. Look at all the winners of previous contests-- got there because they rolled high...not because they had a good strategy.


+100 Agreed! yell

http://idpalagan.blogspot.com
goodboyfx

Medlem sedan Jan 09, 2010  14 poster goodboyfx Jul 05 2011 at 02:15
when do we get margin call? when margin level is less that 100%? is that it? can someone confirm... thx

Get Rich & Spread the wealth
goodboyfx

Medlem sedan Jan 09, 2010  14 poster goodboyfx Jul 05 2011 at 11:13
isnt this FX competition whats with people trading oil/gold? will they be disqualified??

Get Rich & Spread the wealth
Splexin

Medlem sedan Apr 11, 2011  202 poster Splexin (Splexin) Jul 05 2011 at 15:16 (editerad Jul 05 2011 at 15:19 )
goodboyfx posted:
    isnt this FX competition whats with people trading oil/gold? will they be disqualified??


I know right? neutral The top people seem to have got there by things other than currencies.....look at current #1.....I think a lot of rules were not clarified as they should have been. What good is it to have a Forex trading competition if those who win it aren't even trading currencies?? slim

Everything should be as simple as it can be, but not simpler.
jasonrogers

Medlem sedan Aug 12, 2009  77 poster Jason Rogers (jasonrogers) Jul 05 2011 at 16:54
To clarify, all products in the demo are eligible for trading in the contest.

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