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Thread: July Getting Closer — it’s Time to Join “FX Market Masters July 2014”!

  1. #1
    Moderator Shyrayeva's Avatar
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    Default July Getting Closer — it’s Time to Join “FX Market Masters July 2014”!

    The more contests you take part in, the more experience you gain! ForexCup team is sure about that and therefore opens registration in one more contest — FX Market Masters July 2014.”


    The contest has lots of advantages — no doubt, it will be popular with different groups of traders, such as:
    • Pragmatic traders —4 trading weeks are enough to think over the trading strategy;
    • Self-confident traders — they will fight for 5 prizes while the prize fund totals US$1500;
    • Thorough traders — they are definitely willing to get bonuses and know what should be done for that — 10% of profit and bonus is in the pocket;
    • Provident traders — they know that the entry fee will reduce the competition and give more chances to win;
    • Ambitious traders — the main prize is a PAMM ECN/STP account, which is worth fighting!


    As usual, all participants will enjoy inspiring contest atmosphere, will be able to develop their trading skills and compete with contestants from all over the world.

    Important! You are required to have at least US$8 in your e-Wallet to register to take part in the tournament. You can add funds to your account via any payment system. If you have funds available in your FXOpen trading account, you can transfer the needed sum to your e-Wallet. Go to your account.


    The detailed terms of “FX Market Masters July 2014”

    Key dates:
    June 18, 2014
    – registration starts;
    July 13, 2014 – registration ends;
    June 30, 2014 – competition starts;
    July 25, 2014 – competition ends;
    July 28, 2014 – summing-up.

    Prizes:
    1st place
    – 68%*;
    2nd place –15%*;
    3rd place – 10%*;
    4th place – 4%*;
    5th place – 3%*
    *- % of the competition prize fund or of the guaranteed prize unless the contest prize fund is less than US$1,500.

    Bonuses:
    • 1% of the profit made during the competition will be added to the account of the traders, able to increase the provided start-up deposit by 10 % or more;
    • Declared bonus budget – US$3,000.


    Terms of the contest:
    • Entry fee: US$8;
    • Trading instruments: EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, AUDUSD, NZDUSD, EURGBP, GBPCHF, GBPJPY, GBPNZD, GBPCAD, GBPAUD, GBPSGD, EURCHF, EURAUD, EURJPY, EURCAD, EURNZD, EURSEK, EURDKK, EURTRY, EURNOK, EURPLN, EURHKD, AUDCAD, AUDJPY, AUDCHF, AUDNZD, CADJPY, CADCHF, CHFJPY, NZDCHF, NZDCAD, NZDJPY, NZDSGD, SGDJPY, USDTRY, USDHKD, USDSGD, USDPLN, HKDJPY, NOKJPY, NOKSEK, USDMXN, USDRUB, USDSEK, USDNOK, USDDKK, USDCNH;
    • Trading platform: MetaTrader 4 (download);
    • Contest account: competition ECN;
    • Start-up deposit: US$5,000;
    • Leverage: 1:100;
    • EA: allowed;
    • Locking: allowed;
    • Lot volume: from 0.1 to 1 (maximum 1 lot per order);
    • Number of orders, open at a time (including pending orders): maximum 5;
    • The liquidation of the contest PAMM ECN/STP account: 3 trading months after its opening with more than 60 trades made in the PAMM ECN account and more than 120 trades – in the PAMM STP.



    Dear Traders,
    Please, pay your attention to the fact that your trades are automatically closed at the end of the contest. Therefore, the closing price may be either the same as the market closing price, or differ from it – because your trades are usually closed not immediately, but with some delay.


    Basic requirements to be eligible for a prize/bonus:
    • Minimum number of trades – 20 trades of 20 lots’ total volume;
    • Make at least one post in the corresponding thread of FXOpen Forum (otherwise prizes and bonuses will be withheld);
    • A brief interview when the contest is over is an obligatory requirement to be eligible for the main prize (ForexCup team will proved the question list).


    Useful links:
    Last edited by FXSupporter; 07-29-2014 at 09:23 AM.

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    Administration cool user Prezident's Avatar
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    russian(обсуждение на русском):
    http://forum.fxopen.ru/showthread.ph...uly-2014%C2%BB



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    Last edited by Resolve; 06-20-2014 at 04:27 PM.

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    i have a question. is the entry fee $6 or $8 . as on the webpage it is showing $8 . which one is correct?

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    hesham1046 (06-22-2014)

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    malaysian - http://forum.fxopen.com/showthread.p...81#post2015381

    - - - Updated - - -

    Quote Originally Posted by ragib View Post
    i have a question. is the entry fee $6 or $8 . as on the webpage it is showing $8 . which one is correct?
    entry fee is $8

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    Last edited by nany13; 06-22-2014 at 11:43 AM.

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    The only thing standing between you and your goal is the BS story you keep telling yourself as to why you can’t achieve it .

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    "FX Market Masters July 2014": Awarding Prizes and Bonuses

    Last Friday, July 25th, the “FX Market Masters July 2014” contest came to an end. During four weeks of the tournament traders from all over the world competed for prizes and bonuses, trying to improve their trading skills and to learn from the other contestants’ experience. Today we collate the results and reward the winners.


    94 traders took part in the paid competition "FX Market Masters July 2014." The US$3,000 bonus fund was shared by 23 participants, who’d managed to increase their start-up deposit by 10% or more.

    Italo Mihailovs from Latvia became the winner. He finished with the best result in the competition – 264% profit. Thus, his 57th contest at ForexCup brought him a long-desired victory.

    The 1st prize winner is rewarded with a coveted title of the Best Trader and, certainly, a PAMM account with a deposit of US$1,020 in it. He will also receive a bonus for profitable trading. As for the rest prizes, the 2nd and 3rd places went to the Chinese traders, while the contestants from Russia crowned the TOP 5.

    The full list of the winners:

    • 1st prize – Italo Mihailovs (Latvia)PAMM account + US$1,020 + US$ 132.49
    • 2nd prize – Xiao Bin Wu (China) – US$225 + US$125.87 bonus
    • 3rd prize – Chenshun (China) – US$150 + US$114.68 bonus
    • 4th prize – Dmitrii Shishkin (Russia) – US$60 + US$98.81 bonus
    • 5th prize – Vladislav Dobrovolski (Russia) – US$45 + US$98.79 bonus

    We remind that to be eligible for a bonus one should make at least 20 trades totaling 20 lots in the competition.

    We congratulate the winners, prize-holders and all the participants of the FX Market Masters July 2014! We invite you to follow the announcements of the new competitions at ForexCup!

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    Interview with the FX Market Masters July 2014 Winner

    The popular “FX Market Masters July 2014” contest has recently come to an end. About a hundred traders from all over the world joined the competition for prizes and bonuses. Every participant did their best to demonstrate excellent trading skills and the knowing what strategies and financial instruments to use. So, the question is who took the lead. Keep on reading!


    Italo Mihailovs from Latvia showed the best result in the competition and thus became the leader. Having made 264% profits, he left 93 traders behind. As a reward he received a PAMM account with a US$1.020 deposit and an impressive bonus for profitable trading during the contest.

    What trading instruments did the winner use in the tournament? Was it easy to gain the victory? Read the interview below to get the answers.

    1. Could you please tell us a few words about yourself?
    My name is Italo Mihailovs, I am 43 years old. I am from Latvia, where I live now with my family. I am married to a wonderful woman. We have two kids – a boy and a girl. I work as a guardian.

    2. Please, describe your “way in Forex” i.e., how you began, how started to take interest in Forex, etc.
    I’ve been always interested in economics. The changes in ratio of various currencies is, by far, the most precise and accurate indicator of the state of these countries’ economies.
    About 10 years ago I tried to put my theoretical knowledge into practice using such a great financial space as Forex. That was the start of my trading career.

    3. Do you trade in a real account? How successful are you in live trading?
    Yes, I have a real account. But it’s not the time to talk about any achievements yet. I have nothing to boast of for now.

    4. Do you think Forex trading and participation in various Forex competitions can be a good source of income? Or is it just a hobby, some extra job?
    Definitely, Forex trading can be the main source of income. As for the Forex competitions, I see them as an opportunity to make a start-up capital.

    I think you agree that it’s impossible to constantly take the leading positions in competitions irrespective of what high-level skills you may have. Any contest is associated with certain restrictions, for example, time limits or a limited choice of trading instruments. Depending on a trading interval, your strategy may be ineffective and bring to nowhere. What is more, one should always be ready to take risk and a chance on.

    5. How did you learn about the ForexCup competitions? Have you ever participated in contests organized by other brokers?
    I came across the mentioning of ForexCup competitions in the Internet. And I’ve been their active participant for 3 years already. It’s the first time when I’ve managed to take such a great prize. I used to win only bonuses. It also relates to the other brokers’ contests – I won very occasionally.

    6. If talking about the FX Market Masters July 2014, where you won the 1st prize, how did you choose the trading instruments and make decisions? Were they informed, risk averse, or did your actively pursue risk?
    The basic financial instrument I use in my trading is the EUR/USD currency pair. It was my choice for the contest as well. When I joined the competition I could not even think about the win. I just wanted to get a bonus – this was my target at that moment. I decided to compare the results with the other contestant at the very end of the tournament. When I looked at the rating I realized that I had all chances to compete for the main prize. That was the turning point in my trading – I started to take risk.

    7. Will you share the secrets of your trading strategy?
    It’s a tough question. At the moment I do not have an adequate and mature strategy ready for presentation and further use. I am still working on it.

    8. FX Market Masters July 2014 is your 57th and most successful competition at ForexCup. What helped you win this time and achieve such results?
    I think my results and overall performance in the competition depended greatly on the time of the contest. I felt confident enough in the market developments at that moment and could predict the EUR/USD dynamics.

    9. What from your point of view are the pros and cons of the ForexCup contests? What else would you like to see within the project?
    I do enjoy ForexCup competitions! And I have nothing to change in their terms – I’m satisfied with everything. It’s true.

    10. When did you realize that you were about to win? Describe your feelings when you found out that the 1st prize was yours?
    Frankly speaking, I was not sure of the results and my win till the very end of the contest. But when I was called the Best Trader of “FX Market Masters July 2014,” I had mixed feelings for two days – I was definitely happy but a little bit confused because of the responsibility associated with the PAMM account management. Now I have so many plans in my head.

    11. You have been awarded with a PAMM ECN account with a healthy deposit. Is that what you really wanted? Are you satisfied with this type of reward, or would you rather prefer prize money?

    To be honest, I am looking forward to managing a PAMM account. That’s what I would really enjoy doing in the future.

    12. Are you going to go on with the ForexCup competitions?
    Yes, sure!

    13. Can you tell us how popular the Forex trading in Latvia is? Are there traders among your friends?
    Like everywhere Forex trading is extremely popular in Latvia. And my friends also try their hand in Forex.

    14. What advice can you give to beginners and those who are planning to join ForexCup contests?

    Well, I think I am a newbie myself! So, I’d better give advice later…after another victory!


    ForexCup team congratulates the winner and wishes every success in his new position of a PAMM account manager!

    We invite everyone to a new "FX Market Masters August 2014" competition which starts on August 11th. Improve your skills together with ForexCup!

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    The only thing standing between you and your goal is the BS story you keep telling yourself as to why you can’t achieve it .

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