20/12/ · You must be aware of the risks and be willing to accept them in order to trade the financial markets. This YouTube channel is intended for educational purposes only. No representation is being Author: Rayner Teo 10/02/ · Traders will do well to keep in mind the helpful tips to winning forex trading revealed in this guide: Pay attention to pivot levels Trade with an edge Preserve your trading capital Simplify your market analysis Place stops at genuinely reasonable levelsEstimated Reading Time: 10 mins 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
How to Win a Forex Trading Contest
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. 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, what to do to win forex trading. Half of the newsletter says stock B will go up, and the other half says what to do to win forex trading B will go down. Again, he sends out another newsletter to people.
Half of the newsletter says stock C will go up, and the what to do to win forex trading 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. The 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.
But when the losses come, what to do to win forex trading, they will be larger than your winners. No, I just got lucky with this trading competition as I risked more than usual.
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. this 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 ha ha ha… i never thought how possible it could be. just kidding… thanks a lot Sir 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, what to do to win forex trading, Very Interesting, I never thought about it in my life. 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 what to do to win forex trading. Please log in again, what to do to win forex trading.
The 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 what to do to win forex trading th out of participants. 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, 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 know 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 what to do to win forex trading 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.
How to Trade Forex Both Directions and Win!
, time: 11:54
20/12/ · You must be aware of the risks and be willing to accept them in order to trade the financial markets. This YouTube channel is intended for educational purposes only. No representation is being Author: Rayner Teo 10/02/ · Traders will do well to keep in mind the helpful tips to winning forex trading revealed in this guide: Pay attention to pivot levels Trade with an edge Preserve your trading capital Simplify your market analysis Place stops at genuinely reasonable levelsEstimated Reading Time: 10 mins 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
No comments:
Post a Comment