** UPDATE **

We have 30 participants signed up so far for the May contest which starts this Tuesday.

Sign up ASAP.  Detail follow.

************ 

I'm satisfied with the way the April trading contest has gone so I am offering 3 prizes for the May contest.  I'm going to have 3 different categories and the winner of each will receive a $50 Amazon gift certificate.  I would like to thank the sponsor of this contest....  me.  I didn't have the time to hit up any of my advertisers.  Maybe if May goes well, I'll try to get bigger prizes for June.  I know 50 bucks isn't much but hey, it's free money.  You can buy yourself a book or something.

I don't know if this is the best way to do it but nevertheless, here it is:

1st category is Aggressive Trading

The trader with the highest portfolio return % in the month of May with a maximum drawdown greater than 10% but less than 20%.

2nd category is Conservative Trading

The trader with the highest portfolio return % in the month of May with a maximum drawdown greater than 5% but less than 10%.

3rd category is Money Manager

The trader with the highest portfolio return % in the month of May with a maximum drawdown less than 5%.

• Having these 3 categories will prevent a trader from winning more than 1 category.   
• THE WINNER MUST HAVE A POSITIVE PORTFOLIO RETURN %.  If you have the highest return in a particular category but it's negative, you don't win.  

Currently there are 23 participants signed up for the May contest.  You have until next Monday, April 30th to sign up.  To sign up or to find any up-to-date details of the contest, go to http://www.forexproject.com/Forex_Contests/

Read or add comments about this item.

No. 1 : Itinerant Trader

Do you have to have a live account with Oanda to participate?

Submitted by Forex Trader • 2007-04-26 13:45:16

No. 2 : Itinerant Trader

Nope, you need to have a game account

Submitted by Milton • 2007-04-27 19:47:37

No. 3 :

You can open a demo account at: https://fx2.oanda.com/mod_perl/register/register.pl

Submitted by Rich • 2007-04-27 20:26:51

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