5 Reasons to Enter the Forex Trading Contest
December 31, 2007 by Trader Rich
17 traders have already joined. It would be great if you did too. What’s in it for you?
It’s a chance to _________.
- check out Oanda’s trading platform
- add a little more incentive to trade that demo account like it’s real
- compete for pride
- have your name mentioned on the front page of this blog (big deal, right)
- get back into demo trading to try that new strategy you’ve been meaning to forward test
Check out details on how to join at http://www.forexproject.com/Forex_Contests/
Join within the next couple of hours. I have to approve the contestants before midnight today but I won’t be around later tonight because it’s New Year’s Eve. Contest starts at midnight on January 1st. If I don’t talk to you before then, have a Happy New Year.
Click on the image on the top right to see the results from the last contest.
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Rich, I have been reader of your site for 6 months already, and I have been having both success and bad luck in my trading initially until I lost almost 90% of my trading capital trying to use Elliot Waves. Damn it, that’s the worst method/strategy out there. Now I am trying to recover. A while ago I discovered Nicotina’s strategy, http://forexfactory.com/showthread.php?t=51365, it’s automated system and it has EA available. Since then I have recovered 68% of my initial capital (during few months).
The point I am trying to make:
It’s difficult out there, and it gets even more difficult if you don’t have confidence. I was not confident, rather scary after I busted my account. And what worked for me to regain that confidence was Nicotina’s strategy. You would be amazed on the power of a winning strategy over your “discretion” on the market. The majority of the wins came in situations I was SURE it will be a loser.
Don’t get me wrong, I believe in “discretion” but it seems “discretion” starts working only when you are CONFIDENT and play on casino’s money. Until then, you can rely more on automated systems.
Just my 2 cents as you are returning to trading after a long break. Best wishes in new year!!!