Contests

res000

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Hello two good places for a beginner to start, contests you can't get any closer to the real thing than a contest, the one I like the best is Dukascopys contest it is designed to make you think about your trades
it limits your gains and forces you to set stoploss and takeprofit levels, they are the keys to succes. The contest works in 4 ways, the highest return is usually not the winner. First place pays $5000 and the winner
gets a free trip to Geneva for a forex conference. You can find all your answers at http://www.dukascopy.com/tradercontest/?action=blog&trader=res000
and see how Im doing in the contest as well. e-mail me with any questions at [email protected]

The other good place to start is Eur/Nzd 4ht chart with a 35 Simple moveing average. Just go with the direction of the SMA If its going up buy long when the direction changes exit and re enter in the new dirction
be sure you have at least 500 pips worth of free margin until you get the hang of it. (its made me more than
any other indicator out there) good luck tradeing and playing
Alan
 
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All contests do is encourage you to take insane risks in order to be the winner. They have nothing to do with real, sustainable trading.

They are a bit of fun, nothing more.
 
All contests do is encourage you to take insane risks in order to be the winner. They have nothing to do with real, sustainable trading.

They are a bit of fun, nothing more.

Take a look at this one you are graded on stop loss and take profit levels you cannot take a gain for more than 150 pips 25 % of your score is on your profit 25 % is on your ability to call the market correct 25 % is rated on other players thoughts on your trades
and 25 % is on Dukascopys final judgment on your notes. your notes are what you see
that makes you decide to trade you must give a blog on every trade you make. You could win the contest and have half the increase in capital as the highest gainer. Take a look play in one it made me a winning trader and I spent five years trying to make a profit. I can now earn enough to live nicely ty
 
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