rob559 posted: anybody here on the contest that are trading live money acc with the same strategy than they used or are using on the contests,may be other contests too,like to see what you can do with real dough..
why you think it's unfair ? was clearly stated that any method we can use ... if I lost his own money first and that is the problem voastra.in others compete lot is 999
Well I do believe it's unfair because they're not gonna lose any money so that they use kamikaze tactics that nobody uses. I never learnt those tactics. What for? I don't wanna learn to trade that way only to win a contest - I just wanna learn to trade profitably for real. That's what I learnt.
I don't wanna participate in a contest that I know beforehand that I can't win. The victory isn't guaranteed anywhere, but at least you always have chances (and hope!) in a fair contest. With guys using these unruled tactics you do know you have no chances. Zero. For instance, would YOU really trade 200 lots in the very first trade in your real account? Do you know that the recommended balance for 1 standard lot is $10,000? So for $50,000 trading 5 lots would be a decent way to start - it is equivalent to a 1-2% risk. Therefore trading 200 lots equals 100-200% risk. Would you use that tactic in a real account?
You did have a point: the broker wants people to use his platform. After I saw this behavior I stopped trading the very first day. I read some more comments to my post, and I understood that a couple of pleople also dropped the contest very soon. This kind of no-regulation is actually discouraging people to compete and to use the platform. Do a fair contest, and you will have everyone trading on your platform on a daily-basis. That is my take on that.