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!
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.
grzegorzgolda posted: And how do you define 'legit strategy'?
I guess one that works on both demo and live account.. Perhaps it is a little hard to moderate but I know of at least 3 techniques that will guarantee massive profits but don't work with live execution.. EA's are still fine as I would love to use mine.. but as a broker they should know what does and doesn't reflect real results..
Easiest way around would be a small fee to enter.. say $5 and we trade in cents to reflect the leverage. Refund anyone who ends in profit.
& copy; 2022 Myfxbook Ltd. Všechna práva vyhrazena.
UPOZORNĚNÍ NA VYSOKÉ RIZIKO: Obchodování s devizami přináší vysokou úroveň rizika, které nemusí být vhodné pro všechny investory.
Páka vytváří další rizika a ztráty. Než se rozhodnete obchodovat s devizami, důkladně zvažte své investiční cíle, úroveň zkušeností a toleranci vůči riziku.
Můžete přijít o část nebo všechny své počáteční investice. Neinvestujte peníze, které si nemůžete dovolit ztratit. 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.
Všechny údaje a informace jsou poskytovány "tak, jak jsou". pouze pro informační účely a nejsou určeny pro obchodní účely nebo rady.
Výkonnost v minulosti neznamená výkonnost v budoucnosti.