Take Part In Forex Contests!

If you want to know how good your trading is, you can always take part in Forex contest help by various websites.

Recently, i took part in a forex contest organized by FX Pro.

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It only take a few minutes to register and every contest will have different time lenght.

Some would last 2 weeks while some goes on for a month.

For example, the one that I am in now goes on for the whole month of May 2013.

So, where can you find these contests?

You can find them in MyFxBook.com

Sign up with an account and you will be able to link MyFxBook to your trading account to see how your trading is fairing up.


At the time of this post, my position is at 304 out of 4234 competitors.

My account is up by 57.65%.
It is a long way behind the top guy who has registered a 7982.6% gain in just over week.

These high flyers are mostly trading Gold and Silver.

I checked them out of course :)

So why enter Forex Contents?

There is a prize money!

For this one, the winner will get $3000 funded into a FX Pro account.
So, to get the money, you need to register as a FX Pro user. Of course, you can trade with the money or withdraw it out after 1 day.

Pretty good huh... You can practice and win money at the same time.

The 2nd place will get a $2000 account and 3rd will win a $1000 account.

So, if you come across any forex contest out there, you can simply join the contest to see how well you perform againts traders from all over the world.

So, wish me luck.

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Happy Trading!!!

Weekly Summary April 15th - 19th

Its Saturday again... a week gone by in a flash.... this week, I did not made any trades as I was away visiting a friend who is not doing so well.

My prayers go to him and I hope he will be able to get better. Although things do not look good but still, we cannot lose hope.

 Although I did not make any trades, I still turned on my charts on a daily basis. I just wasn't able to be online at the right time for me to take the trade.

Anyhow, the market provided several opportunities this week. Let me share one of the trades that I found with you.

Here it is...

With this trade, I would have entered right after the candle close pointed by the arrow. The candle with a long pin to the low.

The low set by that pin was higher than the previous pin which you can see at the left of the image.

After the long pin, the trend took off...

It went more than 100 pips.... good profit....

Imagine if you had 10 lots on that trade..

You would have made 10 grand with just 1 trade.

Thais is the power of forex and why I love it,

Of course, you need to be dead accurate about it.

This is where the discipline and practice comes in.

So, if you are struggling in forex, don't worry about it.

Just keep on trading and find the right way to trade...

It took me more than 2 years (i think I am lucky)....

Just don't give up..!!!!