Leading forex portal FXStreet launches the 5th edition of its FX Trader of the Year contest in collaboration with Hantec markets.
Participants will trade using demo accounts from September 17th to October 26th and the winners will received great prizes. In previous years, the contest was quite fierce, and traders learned a lot from this event.
Here are more details about this event, from the official press release:
Barcelona, August 9th 2012 — FXstreet.com is organizing the 5th edition of the FX Trader of the Year Contest, a competition open to all individuals who are minimum 18 years old, excluding residents of the US, Iran, Syria and North Korea. This year the contest will be conducted on DEMO accounts only.
The contest will start on September 17th, 2012 at 0:00am GMT and will end October 26th, 2012 at 9pm GMT, when all open positions will be closed and all profit and loss (P&L) will be realised. All contestants will start with USD 25,000 of virtual funds in their trading accounts and will all have a leverage of 1:100.
Hantec Markets is the sponsor of the contest. The winner will be the contestant with the highest Account Equity. The runner-up will be the contestant with the second highest Account Equity, and the third place will be the contestant with the third highest Account Equity.
Francesc Riverola, CEO of FXstreet.com, remembers previous editions: “We have seen traders being in first position until a few days or hours before the competition ends… The contest takes place in a relatively short period of time which makes it very intense and can bring big surprises in the ranking until the very last moment.”
Prizes are provided by the sponsor of the competition and by the Media Partners which are the Online Trading Academy, Currensys, fxKnight.com, BKForex.com and Pro Trader Strategies.
1st Prize
- · Two return flights of choice to one of four cities where Hantec Markets has an office (London, Hong Kong, Tokyo or Sydney) including 1 week hotel accommodation, offered by Hantec Markets
- · A live trading account with Hantec Markets with a credit of USD 5,000 offered by Hantec Markets
- · The Ultimate Professional Trader Plus CD Library by Online Trading Academy
- · One month subscription to BK Forex Advisor signals by BKForex.com
- · A 5 1/2 workshop series: Trading Essentials + The “Other 95%” by fxKnight
2nd Prize
- · A live trading account with Hantec Markets with a credit of USD 2,500, offered by Hantec Markets
- · The Ultimate Professional Trader Plus CD Library by Online Trading Academy
- · 1 year free service for currensys trading system by Currensys
- · A 1h50 workshop series: Trading Essentials by fxKnight
3rd Prize
- · An iPad offered by Hantec Markets
- · Elite Forex Trader Online Course by Pro Trader Strategies
- A 2h30 workshop series: The “Other 95%” by fxKnight
- The Fantastic World of Foreign Exchange Trading CD
- Technical Analysis 1 for the Professional Trader CD
- How the Financial Markets Really Work with Sam Seiden DVD
Educational prizes will be given by the Online Trading Academy to the 3 participants with the least returns
“We hope that The FX trader of the Year will be a fun way for traders to learn from their own mistakes and achievements as well as from others’“, said Francesc Riverola. “What really matters to us is that participating traders will learn to support pressure and take difficult decisions while controlling risk to arrive to a positive profit and loss balance by the end of the competition.”
Interested Forex traders who want to compete can register through this page: https://www.fxstreet.com/contest/ Registration is open until 21 st September 2012 at 11.59pm.
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