'i didnt said you were noob or something i jst said u dnt have an idea why fx choice did that it was coz their servers were having problems due to tht the price feed was slow which was probably manipulated and since u didnt traded in this contest u didnt know as i saw ur profile it showed 0% and yet you are comenting why they did it and it was injustice and talking about whining and all tht was the main reason for making personal comment i jst wanted to make a point speak something when ur in tht situation or u have seen it or facing u cant jst post ur assumption on anything i hope i cleared my point if u felt insulted about personal remarks accept my apologies sorry about making a personal remark but i felt saying it like tht to make a point hope u understand it not an intention to hurt any one '
I assure you sir, I am in no way offended by your comments, so no harm done. And like I said before, all of us are in our own right entitled to our opinions, that's what makes modern democracy so great... freedom of speech. My not taking part in the contest was made nearly a week before the contest, since I did not agree with the account verification rule. So, in that regard you are correct, and I fully agree with you that it would be unfair to use Arbitrage Trading Methods in this contest, which ,as I understand it, is not allowed in this contest.
On real live trading accounts this will never be allowed, so in that regard you are correct as well. My previously, somewhat long-winded explanation of my own opinions was simply to emphasize that these contests can never simulate live trading conditions, and if anyone serious about trading takes part in them they should view them as a 'fun way' to blowing off steam from the stresses caused by the emotional roller coaster of live trading. It seems therefore silly to take a demo contest so serious, as this can only impact negatively on your own 'trader state-of-mind' when you trade on your live account.
I am no expert or professional on any form trading methodology, but I can testify to my own experiences with live trading. The biggest enemy trading with real; money is your own emotional state-of-mind. I learned to reject any negative influences that may impact my live trading. So my point is just this, and again I emphasize these are my own personal view on live trading in general. Trading like a gambler will only result in the eventual (and inevitable) complete loss of your account equity. Anyone serious being consistently profitable knows or will learn that it can only be accomplished by trading a well defined trading strategy based on a solid risk/reward profile. It just pains me to see how traders (especially new traders) are disillusioned by the 'success' of winners in contest like these.
So here is the big point (or punch line if you wish) in all my elaborate comments. Anyone who takes part in these contests (and no I did not because of reasons previously stated) should remember that these contests are meant to fun, and can never reflect the realities of live trading.
So in conclusion sir, with all due respect to you and your own opinion and believes, my debate on this issue was never intended to be perceived as an insult or belittlement to you or anyone else for that matter, including FXChoice and its personnel, but rather to point out the inherent flaws of these contests, and that we, as participants (myself included) should not allow ourselves to get carried away by the workings or results of a demo contest.
Just a sub-note, I did view your MyFXBook profile, and from what I could learn from my brief review, you seem to be a seasoned trader with trading principles similar to my own. It is for that reason that I welcomed a debate on the issue, even if we had different views from two different aspects, I feel you speak from experience, and I can only hope that new traders will take note of your valid perspective on this matter and learn something important from it all.
I wish you the best in your trading, and trust you will be as profitable as you are passionate about trading...
Keep it simple, be disciplined, get rich slowly and above all protect your equity!