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Discussion of the Forex Contest FX Choice Forex Contest
Membre depuis Aug 03, 2014
posts 1
Mar 21, 2015 at 09:48
the results from MT4 is not being updated to the contest? does others have the same issues?
Membre depuis Apr 16, 2014
posts 4
Mar 21, 2015 at 09:50
Can't trade ?????????😂
wael
Membre depuis Oct 29, 2014
posts 2
Mar 21, 2015 at 09:51
Stop trading for this week.....
Good weekend for all!
Good weekend for all!
Mar 22, 2015 at 14:08
fxearner posted:
i have facing same problme german, trade disable error
Hi, I tried again and still can´t...
A friend of mine told that he got an email from FxChoice asking for an ID verify in order to participate. Maybe that's why I can´t trade, I haven't sent any doc...
Well, too bad, I'll wait for the next contest.
Good Luck.
Lo que la mente del hombre puede creer y concebir, la mente del hombre puede alcanzarlo.
Mar 23, 2015 at 09:41
Shahlegno posted:
First top leader position trading history majority is close in seconds..so u know what he is using for trading.
Maybe some sort of arbitrage, although it's not allowed in this contest as I know. This kind of trading never allowed in live account, open and closing 500 lot in seconds. But the sure thing is he has very good profit trades % and very very low DD, so it seems that he knows what he is doing but I also can't imagine what he is using.
I also ask myself, why anyone who is able to trade with 3% DD and about 90% profitable trades is taking part of this kind of contest? For winning 4500$ ? If he is really so good as his statement so this guy never need that 4500$. Actually all the first guys have unreal gain %, I'm not surprised if the top guys are FXChoice own traders. At this point I can't see any reason to continue this contest. All the normal condition traders just waisting their time.
Mar 23, 2015 at 10:01
loeil posted:Shahlegno posted:
First top leader position trading history majority is close in seconds..so u know what he is using for trading.
Maybe some sort of arbitrage, although it's not allowed in this contest as I know. This kind of trading never allowed in live account, open and closing 500 lot in seconds. But the sure thing is he has very good profit trades % and very very low DD, so it seems that he knows what he is doing but I also can't imagine what he is using.
I also ask myself, why anyone who is able to trade with 3% DD and about 90% profitable trades is taking part of this kind of contest? For winning 4500$ ? If he is really so good as his statement so this guy never need that 4500$. Actually all the first guys have unreal gain %, I'm not surprised if the top guys are FXChoice own traders. At this point I can't see any reason to continue this contest. All the normal condition traders just waisting their time.
I agree fully with your comments, however, the winners of these contests are always huge gamblers in terms of risk/reward. These contests are not meant to be taken seriously. Trading like you would trade on your real account will NEVER win you any of these contests. You should take part in these contests using one of the following two approaches:
a) Gamble with an "All-or-nothing" attitude, and then if you are lucky you may win something...
or....
b) Trade like you would trade with real money in your own live account, and test how disciplined you are in your own trading methods. If you can end the contest with an expected profit in-line with your own trading strategy, then you are a far bigger winner than the gamblers that usually win these contests.
Ask yourself this question..... do you really think the winners will have a single sent in their "winners accounts" after a month, 6 months or even a year from now, trading with this kind of gambler's mind-set... I seriously doubt it, in fact most of the brokers in these contests make all their money back simply because these traders (trading with a gambler's attitude) will eventually lose everything...
Just my personal opinion...
Keep it simple, be disciplined, get rich slowly and above all protect your equity!
Membre depuis Jan 19, 2015
posts 200
Mar 23, 2015 at 10:26
i think if company is targetting consumers through contest they shldnt allow automated trading or eas it shld only focus on manual trading tht way they will target more audience who will actually trade
Greed and Non acceptance are the biggest enemies
Membre depuis Apr 07, 2014
posts 207
Mar 23, 2015 at 12:58
(édité Mar 23, 2015 at 12:58)
After 1 week of trading :
Official number of participants = 3.274 (minus 2.400 = 874 real participants)
159 traders in positive territory = 4,8% (18,2%)
535 traders have lost 80-100% of their capital = 16,3% (61,2%)
only 65 traders have lost 50-80% of their capital = 2% (7,4%)
Greatings to the 2.400 traders not participating...... I am one of those 😁
Official number of participants = 3.274 (minus 2.400 = 874 real participants)
159 traders in positive territory = 4,8% (18,2%)
535 traders have lost 80-100% of their capital = 16,3% (61,2%)
only 65 traders have lost 50-80% of their capital = 2% (7,4%)
Greatings to the 2.400 traders not participating...... I am one of those 😁
A blue marlin in the ocean is like a trader in the markets, no enemies but evil people.
Membre depuis Sep 30, 2013
posts 3
Mar 23, 2015 at 14:46
my trade is disable.. can someone check about it..
Fichiers joints:
Membre depuis Dec 05, 2014
posts 46
Mar 23, 2015 at 16:29
loeil posted:Shahlegno posted:
First top leader position trading history majority is close in seconds..so u know what he is using for trading.
Maybe some sort of arbitrage, although it's not allowed in this contest as I know. This kind of trading never allowed in live account, open and closing 500 lot in seconds. But the sure thing is he has very good profit trades % and very very low DD, so it seems that he knows what he is doing but I also can't imagine what he is using.
I also ask myself, why anyone who is able to trade with 3% DD and about 90% profitable trades is taking part of this kind of contest? For winning 4500$ ? If he is really so good as his statement so this guy never need that 4500$. Actually all the first guys have unreal gain %, I'm not surprised if the top guys are FXChoice own traders. At this point I can't see any reason to continue this contest. All the normal condition traders just waisting their time.
Dear Shahlegno,
Although it seems that the top trader's performance is too good to be true, it is actually real and it's achieved by trading manually.
If you have any concerns about the current positions and you can provide us with accurate information that proves the breach of the contest rules please contact us and we will investigate.
Best regards
FX Choice Ltd.
Membre depuis Apr 07, 2014
posts 207
Mar 23, 2015 at 16:47
.....Although it seems that the top trader's performance is too good to be true, it is actually real and it's achieved by trading manually....
Best regards FX Choice Ltd.
If something looks to be too good to be true, then it usually is.
How can it be done to make it look like manual trading ?
Run an EA on an MT4 with another broker, and then repeat those trades manually.
That's easy.... you just need to pay attention closely and click fast with your mouse.
We are having no way to know if this is how it's done, but it really looks too good to be true !
Best regards FX Choice Ltd.
If something looks to be too good to be true, then it usually is.
How can it be done to make it look like manual trading ?
Run an EA on an MT4 with another broker, and then repeat those trades manually.
That's easy.... you just need to pay attention closely and click fast with your mouse.
We are having no way to know if this is how it's done, but it really looks too good to be true !
A blue marlin in the ocean is like a trader in the markets, no enemies but evil people.
Membre depuis Jan 19, 2015
posts 200
Mar 24, 2015 at 04:06
check the price feed during fed news u will know how they got to top position i myself have witnessed tht ur server feed was slow showing almost 20 pip slower than live feed fom different brokers and ur asking us for proof what a pathetic excuse to defend yourself fxchoice isnt price abuse banned in trading if so then do some verification coz ppl have gained 1000 of percentage during fed news and it was easy to figure out if someone does live trading and ur contest at the same time i know it coz i have seen it i opened a position and when i was opening a position in live account it was showing 35 pips low so i closely monitored it showed same thing in different pairs
Greed and Non acceptance are the biggest enemies
Membre depuis Apr 07, 2014
posts 207
Mar 24, 2015 at 05:42
AnalyzedIncome posted:
check the price feed during fed news u will know how they got to top position..... ppl have gained 1000 of percentage during fed news and it was easy to figure......
Whatever you are doing, or someone else, during FED news is not what the Nr.1 guy is doing.
Go through his trades and there are NO trades exactly at the news time to support your claim.
All trades are prior to news or short time after, and most are at a totally different time.
Most of those trades last less than 1 minute.....
Whatever happens to the feed at this broker it's not about news.
There may be other glitches in their feed though I don't know of because I'm not participating.
A blue marlin in the ocean is like a trader in the markets, no enemies but evil people.
