Trading Contests
| Contest
results |
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Meet the winners of Lose2Win! |
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Forex Club announces the winners of the Lose2win contest. It has
been fun, thanks to you! We hope that the contest has conveyed our message well - when
you follow the main principles of risk management (conservative
leverage size, limited number of trades and trading volumes,
limited number of currency pairs) it may actually be difficult to
lose money on Forex. This round of L2W was not without a controversy as some participants have tried to go around the rules. Forex Club responded to these actions (and multiple requests from the participants who respected the rules) and disqualified violators. Speaking of which, after a careful review of the end results Forex Club has decided to disqualify a contestant who has finished third for the violation of the rule 9.3.
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Congratulations to the traders from around the globe (11 countries actually) who have show the best results. The leader has finished with $981.13 remaining. [Live
stats]
Interestingly, many of contestants finished in "the green"
- a trader from Malaysia has actually earned $3029.64. Our jury has
decided to award this trader with $500 prize (this is becoming a
good tradition of this contest). All the winners should contact our New Accounts Department
or submit application for a new account in the Member Area. Our financial department will
deposit prizes into trading accounts. If you want, you can withdraw
your money. In addition, Forex Club invites all contest participants
to open trading accounts at Forex Club. With unique trading terms,
such as leverage in the base currency, $10 minimum trades, diverse
trading platforms Forex Club is one of the leading Forex brokerages
in the world. Moreover, we welcome you to take advantage of our
special promotion program - "when you deposit $100 into a new
trading account, we will add another $100 as a bonus." You won't be
able to withdraw the bonus funds, but you can withdraw any profits
made with it. We hope that you have enjoyed the contest and have learned
from it that success in Forex trading is all about controlling
yourself. We will appreciate your feedback. Please take this short
survey to help us understand how the next round of contest can be
improved.
Start survey now Yours,
Forex Club - a Smarter Way to Trade Forex!
P.S. We will be glad to see you at the new round of the contest scheduled for this December 2007 |
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| Day 5 - The contest is now finished. Congrats to all who participated. You can see the results here. The official results will be announced by our jury on Monday. Have a great weekend and come back on Monday! | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Day
4
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Contest jury disqualifies one of the contestants for violating a rule about multiple accounts. He is allowed to return to the contest later, but with only one account. Forex Club also adds an explicit provision to the rules that one contest account per person is permitted. It also announces plans to research trading activity of all contest winners to ensure that none of them have violated the rules. |
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Day
3
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| Dear L2W contestants, As we are approaching Friday, let us remind you that all of the rules of the contest, either in word or spirit, will be pro-actively enforced. You can read all of the rules here: this link Your complaints have helped us to identify contestants those who have used questionable practices. Together we have made the contest more fair and we intend to keep it this way. Forex Club is for FairPlay. P.S. We are currently investigating activity of few contest accounts which are traded from absolutely identical IP addresses and our best dealers are helping us to identify fraudulent activity. |
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Day
2
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The second day of the contest has just finished. The leader position is still occupied by the same contestant from the US, who has lost about $2,000. His is closely followed by a large group of traders, so a lot can change tomorrow. There has been some debate about the rules of the contest and the clarifications have been made on the official threads of the contest. Our best dealers are closely watching the contest and we will not tolerate any form of cheating or violation of the rules (such as maximum trading volume limit and the limit on number of contest accounts per one participant). As you can see, when the rules which encourage a conservative trading strategy make it difficult to lose money. Forex Club reminds you that being conservative in trading can save you money. We look forward to the next day and good luck to all! FXClub |
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Day
1
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It is still too early to see the leaders. Over one thousand of
traders have attempted to lose deposits and many of them have
actually failed. A US contestant showed the best result - he lost
$1290, which is a lot considering relatively low market volatility.
A contestant from Russia has shown the worst result and finished
this day with over $900 in the green. Maybe he did not know the
rules?
Perhaps he should move to live trading right away and so do
you.
By the way, did you notice how the rules of the contest are
design not to reckless trading strategies? That's a secret why it
is has been difficult to lose. So when you trade Forex for real,
you should remember that.
The contest is far from over and the next day may change the
ranking completely. Late registration will be open until Friday so
if you have not yet done so, get in the game for an ultimate
trading experience.
FX Club
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Most people think that it is difficult to make money on Forex,
which may be true. But how difficult is it to lose? This contest is
designed to show you extent to which your own psychology influences
your trading. In Lose2Win the goal is not to make money, but to
lose as fast as possible. The best part, if you end up being one of
the first to lose your deposit, you can win thousands of dollars in
cash. Of course you don't need to invest any of your own money to
participate in this contest. Each and every contest account will
start with virtual $5,000 in it.
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Contest registration |
Official contest rules |
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| Are you up for the challenge? | It gets more and more fun! | |
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Each contest account will start with $5,000 virtual dollars in it. Only four trades per day. Maximum volume of traders per day - 100,000. Only one currency pair per day. Which pairs will be announced a day before contest starts. Contest will be run on IDS trading platform - a simple platform which supports tick charts and market orders, displays Dow Jones Market News and does not provide technical analysis tools. |
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| Previous Rounds | ||
| Spring 2007 | Winter 2006 | |
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3,000 participants, 20 winners |
5,000 participants, 6 winners | |
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The rules of the spring round have been slighly altered in comparison to the Winter round. In order to make it more difficult we have limited available currency pairs to one per day, as well as set a cap on a maximum trade volume per day. Out of over a thousand contest participants not a single one had managed to lose the entire deposit. The first place winner had won with a margin of just $24 dollars! 25% of the contestants have managed to lose some of the initial deposit ($5,000). |
The first ever round of L2W contest has attracted almost 5,000 traders and 3 of them have dumbped the entire deposit withing 3(!) days. We did not like that the contest ended so soon, so we announced another round. This is why there are two first, two second and two third place winners. Anyhow, we should try to alter the rules next time so that there is more intrigue in the contest and so it lasts longer. Wait and see what we come up with! |
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