10/04/ · Another thing you need to win in a Forex contest is a high win rate. The reason is that when you have a significant stop loss and a minute profit target, it will offer you a high win rate. This would as well make you rank easily above your competitors 13/10/ · Winning a forex trading contest and being a consistently profitable trader is two different things altogether — and it requires a different skillset; The biggest winner of a forex trading contest is usually the broker or organizer; Risk a large % of your account on each trade; Get a high win rate by having a wide stop loss or no stop loss at allEstimated Reading Time: 8 mins 05/07/ · Advice for winning forex competition. 12/31/ · Forex Demo Contests Competitions held among Demo Accounts, same facilities for all participants. Forex Demo Competition is a risk-free way to try your Trading skills and strategy while competing for prizes! Cash or tradable money or gifts are distributed as prizes for the winners of the Forex Demo
Binary options Singapore: Advice for winning forex competition
Last Updated: October 13, By Rayner Teo. A forex trading contest is a competition between traders to see who can achieve the highest return over a period of time. A forex trading contest is like a simulation. In other words, a forex trading contest is like driving Daytona in an arcade whereas the real world of trading is like racing in an F1. By organizing a forex trading contest, the participants spread the word among each other like friends, colleagues, and etc.
which increase the sign-ups for the registration. And this increases their clientele which would otherwise cost thousands of dollars if they advertised themselves. This strategy is so profitable that brokers can offer cash prizes to the top winners and still come out ahead.
You need to apply proper risk management. Because the goal of a trading contest is to generate the highest return within a fixed period of time, and not to see who has the greatest return relative to risk. By having a wide stop loss and small target profit. This will give you a high win rate and quickly rank you to the top of the competition.
Now depending on the duration of the trading contest, the shorter it is… the greater the odds of you pulling this through. The cash prize for anything after the 3 rd place is usually crap and people only remember who comes in the first place. A financial guru sends out a newsletter to 10, people, advice for winning forex competition.
Half of the newsletter says stock A will go up, and the other half says stock A will go down. Next, he sends out another newsletter to people. Half of the newsletter says stock B will go up, and the other half says stock B will go down. Again, he sends out another newsletter to people. Half of the newsletter says stock C will go up, and the other half says stock C will go down. Step 1. Enter a trading contest times using different identity.
The more entries you can get, the better your returns. Step 2. You can risk more if you wish to and the technique will still work. The Trend Trading Strategy Guide. Advice for winning forex competition Price Action Trading Strategy Guide. The Pinbar Trading Strategy Guide. To be specific, if you have a large stop loss relative to your target profit, you will have a higher win-rate, advice for winning forex competition. But when the losses come, they will be larger than your winners.
No, I just got lucky with this trading competition as I risked more than usual, advice for winning forex competition. That was how it worked for me. Do you want to learn a new trading strategy that allows you to profit in bull and bear markets? You can download it here for FREE.
Thanks for the eye-opener strategy but i think it will not work opening forex contest account or are you saying or 50 currency pairs. with 0. advice for winning forex competition is my thought for contest. Hope to see you at the top.
Once again thanks for video for this week may You are great!!! Ha advice for winning forex competition ha ha… i never thought how possible it could be. just kidding… thanks a lot Advice for winning forex competition Rayner….
Interesting approach Rayner! Thanks for sharing your experiences. Thanks for sharing this knowledge, can you please advice me in finding the best broker that will give me metals ,oils ,gas and agriculture. I believe multiple accounts are not allowed in most trading contests. If they check your IP, you will need some sort of IP cloaking or faking scheme if they have not anticipated that also.
Rayner, Very Interesting, I never thought about it in my life, advice for winning forex competition. Just a quick question, Did you receive your money when your are at 9th out of participans? Also you did this by changing ip? and which broker did your. Do you think your hack will work? I mean, Creating multiple accounts from different IP? Will this cause any problem In your opinion? I am going to residential IP? So will look like real IP from real ISP?
Should I use it or not? I am yet to be clear in two areas on your strategy for winning forex contest 1. How wide stop loss or no stop loss can give a high win rate. How it is possible to make a multiple entries for a competition without being disqualified. Please log in again. Advice for winning forex competition login page will open in a new tab. After logging in you can close it and return to this page.
How to Hack and Win a Forex Trading Contest. The first time I took part in a forex trading contestI blew up in 2 days. In the following year, I came in 9 th out of participants, advice for winning forex competition. Some forex trading contest involves trading real money whereas some uses paper money.
Let me explain: By organizing a forex trading contest, the participants spread the word among each other like friends, colleagues, and etc. You should risk a fraction of your trading capital. I agree. Make sense? Losses will eventually come and wipe out your small gains. So, what do you do? Well, advice for winning forex competition, my suggestion is to go all in.
This means risking your entire trading account on a single trade. Now think about it… The cash prize for anything after the 3 rd place is usually crap and people only remember who comes in the first place.
Do you advice for winning forex competition who is the second person to land on the moon? You get my point. If stock A goes up… it means people have gotten a correct stock pick. If stock B goes up… it means people have gotten a correct stock pick two times in a row. If stock C goes up… it means people have gotten a correct stock pick three times in a row.
Now repeat this process for 10 times… … and you get 9 people receiving a correct stock pick 10 times in a row. If you want to learn proper trading strategies and techniques, go read these posts below… The Trend Trading Strategy Guide The Price Action Trading Strategy Guide The Pinbar Trading Strategy Guide Frequently asked questions 1: How does having a wide stop loss mean that the strategy will have a high win rate?
Leave a comment below and let me know your thoughts. Share 0. Tweet 0. Buzz Aldrin ��. Hey bud I meant trading accounts. You probably need external help for that. Hi Rayner Thanks for sharing this knowledge, can you please advice me in finding the best broker that will give me metals ,oils ,gas and agriculture. thank you. Gold tips right there Ray. Keep them coming. Thanks for the share. Close dialog. Session expired Please log in again, advice for winning forex competition.
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, time: 6:26How to Win a Forex Trading Contest
14/01/ · Here is some tips that worth to consider when you build a strategy to win forex trading contest. When we join in a forex trading contest, our rivals came from all around the world, including much more experienced traders. That is why, we also need to arrange special strategy in order to win 05/07/ · Advice for winning forex competition. 12/31/ · Forex Demo Contests Competitions held among Demo Accounts, same facilities for all participants. Forex Demo Competition is a risk-free way to try your Trading skills and strategy while competing for prizes! Cash or tradable money or gifts are distributed as prizes for the winners of the Forex Demo 13/10/ · Winning a forex trading contest and being a consistently profitable trader is two different things altogether — and it requires a different skillset; The biggest winner of a forex trading contest is usually the broker or organizer; Risk a large % of your account on each trade; Get a high win rate by having a wide stop loss or no stop loss at allEstimated Reading Time: 8 mins
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