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
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.
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.
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.
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Past performance is not indicative of future results.