zerubbabel posted: I know you guys are scrambling. It's a nice thing (but stressful) to be overwhelmed by success. I know you fellows will do the right thing. Good Luck. CAN'T WAIT FOR THE SECOND CONTEST !!!
Yes, we've learned a lot this time, so next time the process will be much easier and smoother.
Hopefully not.. demo contests are misleading regards the real performance on live accounts. Take a look at the leading contestant and the traded lot sizes in relation to the account size... unrealistic and suicidal on a live account.
pc8multifx posted: Hopefully not.. demo contests are misleading regards the real performance on live accounts. Take a look at the leading contestant and the traded lot sizes in relation to the account size... unrealistic and suicidal on a live account.
It is also my opinion this contest should only allowed the 'verified' accounts as you can see some of the contestants do not have. Also live with a say $500 minimum would be more realistic and purposeful.
Backtesting is the key to success in any type of investment. If you can't prove it don't trade it.
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Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. 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.
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