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Discussion of the Forex Contest Fidelis Capital Markets Forex Contest
Membre depuis Dec 06, 2014
posts 3
May 13, 2015 at 07:06
Membre depuis Jun 14, 2013
posts 130
faridtoghi posted:
I am also officially out. My performance was very consistent with what I do with real money: Double the account and then run to zero in a short time :-) Good luck to remaining traders :-)
Now see, at least someone can still be honest and have fun with these demo contests. Good on you man. That's what this is all about, just to have fun and blow off steam. Hang in there bro, keep trying, stay disciplined, never stop learning, and keep having fun.... in time you will get better and have more success.
Some people take these contests too serious, complain a lot and forget that MyFXBook run these contests for the sake of having fun and to give brokers a chance to showcase their services, nothing more, nothing serious. So what if the leaders want to go 'all-in' and gamble their way to victory. It's a DEMO CONTEST for heaven's sake (speaking to all the moaners out there, not you Faridtoghi), so just have fun with it. I'm sure that no-one in their right mind would try and trade like this with real money, and if you are so desperate to get your hands on a contest account with 'free money' then you have not yet learned to trade, and will most probably lose that money quickly.
Anyway, I think more people should adopt Faridtoghi's attitude and just enter these contests to give it your best shot, have fun and see what happens. Less moaning and more fun!
Keep it simple, be disciplined, get rich slowly and above all protect your equity!
May 13, 2015 at 13:48
Membre depuis Mar 29, 2013
posts 12
It happens that I had a sell limit on USDJPY at 119.34 and the price goes at 119.72 before a 730 pips sell off.... but the order has not been executed !
And that makes me really disappointed!
And that makes me really disappointed!
Membre depuis Apr 07, 2014
posts 207
May 14, 2015 at 04:12
Membre depuis Apr 07, 2014
posts 207
andrea2k posted:
It happens that I had a sell limit on USDJPY at 119.34 and the price goes at 119.72 before a 730 pips sell off....
And that makes me really disappointed!
That's because you are using the wrong technique to enter a trade.
Were you using a sell stop or a buy stop, the market would 'make' you a happy guy.
The market did not deny you anything ! You did it to yourself.
The market is offering us a huge pile of money constantly. We just need to take it !
A blue marlin in the ocean is like a trader in the markets, no enemies but evil people.
forex_trader_208553
Membre depuis Sep 22, 2014
posts 6
May 14, 2015 at 06:34
Membre depuis Sep 22, 2014
posts 6
Have you seen that the top 10 traders have draw downs of between about 90% to 50% and made very few trades. There should be a limit, also people should be judged on the number of trades as well, because what is better to make 5 trades and win or to make 5000 trades and come second, work that out, because if you signing clients you what them to make money, but the broker and you also need to make money or it's not worth any ones time, and 5000 verses 5 shows that the system making 5000 trades has been tested 4995 times more that the one making 5 trades, you can get lucky 5 times but not 5000 times
forex_trader_205912
Membre depuis Sep 01, 2014
posts 2
May 16, 2015 at 21:05
Membre depuis Sep 05, 2013
posts 50
shukry88 posted:
Hi..what this mean "The Contest will not allow more than a total of 500 open positions at any given time"?
that means i can't open more than 500 trades?
currently i already opened 494 trades..
500 open positions, you have 498 closed trades and zero open positions
“Everybody should have a dream. What if that dream comes true?” – Jack Ma
Membre depuis Sep 21, 2013
posts 17
Membre depuis Sep 21, 2013
posts 17
forex_trader_205912
Membre depuis Sep 01, 2014
posts 2
May 18, 2015 at 06:58
Membre depuis Sep 01, 2014
posts 2
240Z posted:shukry88 posted:
Hi..what this mean "The Contest will not allow more than a total of 500 open positions at any given time"?
that means i can't open more than 500 trades?
currently i already opened 494 trades..
500 open positions, you have 498 closed trades and zero open positions
Ok..tq bro to clarify me..
May 18, 2015 at 07:27
Membre depuis Jun 14, 2013
posts 130
gabriele2274 posted:
anyone remember the least of operations to do in this contest?
Hi Gabriele,
I think this is what you are looking for:
https://www.myfxbook.com/contests/forex-contest-fidelis-capital-markets/28/rules
Oh, and well done on your trading so far.... almost 8000% with 76 trades - good to see a manual trader can still show the systems traders how it's done...
Cheers!
Keep it simple, be disciplined, get rich slowly and above all protect your equity!
Membre depuis Sep 21, 2013
posts 17
May 19, 2015 at 14:33
Membre depuis Oct 12, 2014
posts 50
😄 Does it allowed ? 600 open lot 😇
vivekrelish@
Membre depuis Apr 10, 2015
posts 29
May 19, 2015 at 14:42
Membre depuis Apr 10, 2015
posts 29
vrelish posted:
😄 Does it allowed ? 600 open lot 😇
It can allow you to open thousandsss of lots. Try to understand that 1 position doesn't mean 1 lot. A single Position can have 1 lot, 100 lots or even 1000 lots.
In a simple word, 1 position = 1 order which can have as several lots in it.
May 20, 2015 at 06:27
Membre depuis Oct 12, 2014
posts 50
Forexmanager9 posted:vrelish posted:
😄 Does it allowed ? 600 open lot 😇
It can allow you to open thousandsss of lots. Try to understand that 1 position doesn't mean 1 lot. A single Position can have 1 lot, 100 lots or even 1000 lots.
In a simple word, 1 position = 1 order which can have as several lots in it.
so allowed Gr8
vivekrelish@
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