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Forex Contest GDMFX

SergeD
Feb 19 2017 at 15:53
3 inlägg
Hello All,
I wish everyone success in this contest.
Good luck!

Aiza Belle (autumnseraphim)
Feb 19 2017 at 15:53
2 inlägg
anazri posted:
moneygrows posted:
naked trading anyone?😀


what do you mean naked trading..?


I think he means the price action trading style taught by Walter Peters.

Your greatest asset is your earning ability, your greatest resource is your time. - Brian Tracy
Peter (Petersfxnotes)
Feb 19 2017 at 15:54
2 inlägg
does anyone know how to change their name? Mines just the number they gave me.

Aiza Belle (autumnseraphim)
Feb 19 2017 at 15:54
2 inlägg
Wormhole posted:
Thoughts on COMP/S.

I am thinking about this comp and comps in general. There is only one way to win and thats to push the boundaries, if you trade in a sensible manner and trade well increasing your account by 1% a day = 20% over the month you still have little to no chance of winning.

If you look at the past contests and the % increase of the winners you will see what Im on about, all the winners took risks OR got seriously lucky.

No 'sensible' trader wins (without some good luck) and the winners normally have huge drawdowns.

What are your thoughts? MINE = We need to take risks to win ANY comp OR be on the right end of a BREXIT type trade.

Not saying comp winners are bad traders just that Taking LARGE RISK and LUCK seem to be major factors.


Same thoughts here, and the usual conservative risk management used in live trading or even in demo trading is thrown out of the window. More like, the gambling side steps in when it comes to competitions.

Your greatest asset is your earning ability, your greatest resource is your time. - Brian Tracy
The Budding Trader (TheBuddingTrader)
Feb 19 2017 at 15:55
5 inlägg
Wormhole posted:
Thoughts on COMP/S.

I am thinking about this comp and comps in general. There is only one way to win and thats to push the boundaries, if you trade in a sensible manner and trade well increasing your account by 1% a day = 20% over the month you still have little to no chance of winning.

If you look at the past contests and the % increase of the winners you will see what Im on about, all the winners took risks OR got seriously lucky.

No 'sensible' trader wins (without some good luck) and the winners normally have huge drawdowns.

What are your thoughts? MINE = We need to take risks to win ANY comp OR be on the right end of a BREXIT type trade.

Not saying comp winners are bad traders just that Taking LARGE RISK and LUCK seem to be major factors.


I agree with you. I took part in another competition before, and the winner was just a gambler. He had 400+% return in 3 months and a huge drawdown (can't remember the exact number but quite sure it was > 30%).

I think a competition is meaningless if the overall % increase in account is the only yardstick in deciding the winner. I am joining just to see what kind of traders are out there and for the fun of it.

The organisers should look at introducing an additional rule of 'not more than 10% or 20% peak-trough drawdown' to try and sift out gamblers winning on luck.

Never resist the markets
belido (irwanfx)
Feb 19 2017 at 15:56
14 inlägg
anazri posted:
moneygrows posted:
naked trading anyone?😀


what do you mean naked trading..?


It is not trading while naked but trading with no indicators on chart.

Oleksii (Inostranec25)
Feb 19 2017 at 15:59
1 inlägg
На балансе 0. Когда баланс будет пополнен?
On the balance of 0. When the balance will be credited?

Jaco Ferreira (JacoAF)
Feb 19 2017 at 21:13
130 inlägg
Inostranec25 posted:
На балансе 0. Когда баланс будет пополнен?
On the balance of 0. When the balance will be credited?


Contest starts in 1 hour 45 mins.... all accounts should be enabled with the 10 000 starting balance at 22h00 GMT... thats what I understand anyway.... good luck!

Keep it simple, be disciplined, get rich slowly and above all protect your equity!
Mikaels Demo (Spackelspade)
Feb 19 2017 at 22:03
53 inlägg
Mikaels Demo (Spackelspade)
Feb 19 2017 at 22:06
53 inlägg
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