Discussion of the Forex Contest Squared Financial June 2015 Forex Contest
Jun 01, 2015 at 07:02
ManukSabung posted:Echo1111 posted:
So you can't win unless you do at least 15 trades a day??!
wow , must do aleast 15 trade per day . that mean 26 day × 15 trade per day = 1000 trade all togther ... ermmmm scalp can do that better ... long term not sure . hope this broker do better in server . do it be like other broker that i have join . my problem is slow server . you can check the broker that i join in my profile . i only bust the demo contest .
We need a clarification about the "300 trades " from broker representative
Jun 01, 2015 at 07:52
What Is A Forex Contract
A Forex contract is the result of a simultaneous purchase of one currency and the sale of another.
A contract is always done in pairs, and is basically buying and selling money in the same time. The Forex contract is also very special as it has no centralized trade location and trades are done around the clock. All contracts are bought by telephone and over computer networks between traders in different parts of the world.
The primary market for currencies is the “interbank market” where banks, insurance companies, large corporations and other large financial institutions manage the risks associated with fluctuations in currency rates.
https://www.tradingconceptsinc.com/2988/forex-trading-basics/
A Forex contract is the result of a simultaneous purchase of one currency and the sale of another.
A contract is always done in pairs, and is basically buying and selling money in the same time. The Forex contract is also very special as it has no centralized trade location and trades are done around the clock. All contracts are bought by telephone and over computer networks between traders in different parts of the world.
The primary market for currencies is the “interbank market” where banks, insurance companies, large corporations and other large financial institutions manage the risks associated with fluctuations in currency rates.
https://www.tradingconceptsinc.com/2988/forex-trading-basics/
Jun 01, 2015 at 08:03
Forexmanager9 posted:
** Minimum volume over duration of contest 300 contracts. **
There are 20 trading days during the entire contest duration. that means one needs to place at least 15 contracts per day. If 1 contract means 1 lot then it should NOT be a big deal but if 1 contract means 1 position irrespective of lot size then one needs to place at least 15 trades per day.
but both ways are available right?
Member Since Jul 28, 2013
3 posts
Jun 01, 2015 at 08:20
is the contest started as trade is bisable
forexsolution4u2013@
Member Since Sep 05, 2011
5 posts
Jun 01, 2015 at 08:24
OK, and just above is indicated that a contract is 1 lot, so for me 300 contract equals 300 lots
forex_trader_216088
Member Since Nov 07, 2014
1 posts
Jun 01, 2015 at 11:58
At which time will the MT4 account be open for trading for the contest? (was the date 04.06.2015 ?)
Chris
Chris
Jun 01, 2015 at 12:40
iamjide91 posted:fxsolution4u posted:
is the contest started as trade is bisable
I thought I was the only one experiencing this problem...
Nope everybody has this problem. I think it has to do with the fact that the competition only starts on Thursday 4th June 2015 😄
Check here for details:
https://www.myfxbook.com/contests/forex-contest-squared-financial-june/29/rules
Keep it simple, be disciplined, get rich slowly and above all protect your equity!
Member Since Apr 10, 2015
29 posts
Jun 01, 2015 at 13:44
Technically that's not a problem guysss... trading will be enabled only when contest starts.
Member Since Jan 09, 2014
107 posts
Jun 01, 2015 at 14:01
iamjide91 posted:DylanS posted:
Omg wtf are u doing here if you dont know that 300 contrats = 300 lots .... and not 15 trades a day ....
Not everyone is English.
Agree with you iamjide91. no brain to respect .
Jun 01, 2015 at 18:42
fxraptor posted:
1 contract is 1 lot in standard size. So minimum of 300 contracts is 300 lots.
agree with you. Minimum volume over duration of contest 300 contracts.
Each participating demo account starts with a $10,000 balance and a 100:1 leverage.
forex_trader_252532
Member Since May 27, 2015
10 posts
Jun 01, 2015 at 20:08
ManukSabung posted:iamjide91 posted:DylanS posted:
Omg wtf are u doing here if you dont know that 300 contrats = 300 lots .... and not 15 trades a day ....
Not everyone is English.
LOL :D
Member Since Apr 15, 2015
5 posts
Jun 02, 2015 at 06:55
people are lazy to read, it is so clear that trade will be ready on the date of contest, that's too stupid question if you still asked that question
forex_trader_247124
Member Since May 06, 2015
2 posts
Jun 02, 2015 at 06:55
Hey Guys,
300 Contracts means 300 positions must be traded it doesn't matter How many lot you trade :-)
300 Contracts means 300 positions must be traded it doesn't matter How many lot you trade :-)
Jun 02, 2015 at 07:27
DylanS posted:
Omg wtf are u doing here if you dont know that 300 contrats = 300 lots .... and not 15 trades a day ....
Hey ASSHOLE!
This forum is for people who have a question and to find answer. If you dont like it GO HOME or find some other forum where people can make you feel like shit, perhaps then you will get your head out of your ass and you will actually remember you were a beginner once too.
Here we are interested in mature trading-competing. Whether you are beginner or not. Have some respect!. And if you have nothing good to say, keep all the negative to yourself. We are not interested in your deep breathing immature thoughts.
"Failure is simply the opportunity to begin again, this time more intelligently." ~Henry Ford~
