Thread: New ForexCup contests in 2013

ForexCup invites everyone to take part in free weekly competitions this summer. A number of Forex traders have already participated in the traditional contest “Profitable WeeK” where classic currency pairs were offered as the only trading instrument.


This time ForexCup launches a specific competition – contestants will have to trade exclusively on cross-pairs. So, if you are ready to take up the challenge, welcome to «Profitable WeeK 07/08/2013-07/12/2013»!


The new contest provides 6 prizes at a time, the sizeable bonus pool, an opportunity to trade on 41 currency pairs and to test FXOpen One Click Trading Level2 Plugin.


Join the contest and it may be the crosses to hand you the victory!

REGISTRATION

Prizes:


1st place - $200 + bonus;
2nd place - $100 + bonus;
3rd place - $48 + bonus;
4th place - $24 + bonus;
5th place - $16 + bonus;
6th place – $12 + bonus.


Bonuses:


About 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 50 % or more.


Declared bonus budget - $1100. The maximum bonus for 1 participant - $250.


Contest details

Profitable WeeK with GBP and its Crosses

ForexCup welcomes everyone to a new weekly contest “Profitable WeeK 07/22/2013-07/26/2013.” This time you will have a chance to profit from trading on cross-currency pairs with GBP.

You don’t have to pay any fee to join the contest. You are offered to fight for the 6 real-money prizes! Also, one of the main attractions of this “Profitable WeeK” is a $1100 bonus pool that will be divided among the most active and successful traders.

Join this contest and check if GBP is your lucky currency!

Registration

Key dates:
July 21, 2013 – registration ends;
July 22, 2013– competition starts;
July 26, 2013– competition ends.


Prizes:
1st place - $200 + bonus;
2nd place - $92 + bonus;
3rd place - $40 + bonus;
4th place - $32 + bonus;
5th place - $20 + bonus;
6th place – $16 + bonus.

Read more about the contest’s conditions at ForexCup

The Euro Week at ForexCup

ForexCup, together with FXOpen, continues holding free weekly contests with different special features. Today we are happy to announce registration for another competition “Profitable WeeK 08/05/2013-08/09/2013”, where traders are allowed to use only EUR and its crosses for trading.

Participation in this contest is totally free – thus you will not risk anything! Moreover, there are six prizes (from 8$ to 200$) and a nice bonus fund of 1100$. And the main advantage is the ability to compete with traders from all over the world, increase your trading experience and improve the strategy.

Get all the details at the contest page

FXOpen, together with ForexCup, are happy to announce the results of the biggest Asian regional Forex contest – Asian Forex Championship.




The competition was held from May 27th to July 19th and was open to residents of Asian countries only. The Championship was a hit with approximately 1600 participants, fighting for impressive main prizes and bonuses worth somewhere around US$10,000. The bonus fund was divided between 163 successful traders, who managed to increase their initial deposits by 50% or more, in accordance with contest rules.

The first three prize-winning places were taken by the strongest Asian traders! Indonesian trader Ariful Miftakhuddin was awarded the title of the Best Asian Trader with a PAMM account worth US$3,000 as his prize.
Malay trader Farid Ikram Ahmad Zabidi and Sharif Abughazaleh from Jordan came in second and third. Both of them were awarded with PAMM ECN accounts worth US$2,000 and US$1,000 respectively.

FXOpen would like to take this opportunity to congratulate all participants, bonus-holders and prize-winners on good results and invites them to join future Forex contests at ForexCup.

Interview with the winner of Asian Forex Championship

Some time ago ForexCup announced the results of Asian Forex Championship. The biggest regional Forex-contest was held from May 27th to July 19th, and was a total hit with over 1600 participants.

The winner, an Indonesian trader Ariful Miftakhuddin, was awarded the title "The Best Asian Trader" and a PAMM ECN account worth $3000. Ariful Miftakhuddin should really be admired for his trading talents and outstanding results! The winner made more than 2000% profit, leaving his competitors far behind. It was a clear victory.

We were lucky to interview the most successful trader in the Asian Forex Market and asked him a few questions about the championship, his trading strategy and plans for the future.

1. Could you please tell us a few words about yourself?
I am 25 years old and I am single. I live in Indonesia. My hobby is music and bird watching.

2. Could you please describe your “way in Forex”: how and when you started, how you moved on, when you managed to make the first profitable trade, etc.?
I learned about Forex trading about three years ago. Actually, I started learning by joining some thematic forums.

3. Do you trade with real money? Are you successful at it?
Yes, I do trade in a real account. Well, what concerns profitability I consider it is enough for me, when my profit is bigger than my losses.


Read the full text of the interview here

FXOpen Holds FX Market ******* September 2013 Contest

FXOpen is glad to announce the launch of its regular FX Market ******* competition scheduled for Autumn 2013 at ForexCup. During 4 weeks of tough competition, traders will fight for main prizes consisting of a PAMM ECN account with a free deposit of US$1,125 and a bonus equal to 75% of the entry fees.

The 5 best traders will receive real money prizes with other competitors receiving a bonus upon the condition that they increase their start-up deposit by 10% or more, with a total bonus pool of up to US$3500!

For example, the winner of FX Market ******* April 2013 got the total prize of $1827, of which $250 was the maximum possible bonus of the profit made.

Worth a try? We think so!
To participate in the FX Market ******* September 2013, there is a registration fee of $6 that will be added to the contest prize fund, therefore, the more contestants who register for the competition, the greater the prize fund.

Important! You are required to have at least US$6 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.

Key dates:
August 7, 2013 - registration starts;
September 8, 2013 – registration ends;
August 26, 2013– competition starts;
September 20, 2013– competition ends.

Prizes:
1st place – US$1,125 + 75% of the entry-fees + bonus;
2nd place - US$180 + 12% of the entry-fees + bonus;
3rd place - US$75 + 5% of the entry-fees + bonus;
4th place - US$75 + 5% of the entry-fees + bonus;
5th place - US$45 + 3% of the entry-fees + bonus.

Get all the details at ForexCup

Profitable WeeK with EURUSD and GBPUSD – Ready to Try?

ForexCup team invites traders of variable trading experience to join another weekly competition “Profitable WeeK 08/26/2013-08/30/2013.”



This season has been rich in unique and peculiar events – each contest has been distinguished by its own specifics. Over just a few months ForexCup fans has participated in a traditional weekly competition and the one on crosses, in GBP WeeK and EUR Week, etc…

This time the number of trading tools is limited again. The contestants will have to use only 2 currency pairs - EURUSD and GBPUSD. Apart from this, traders will have a chance to compete for 6 main prizes at a time, get a bonus totaling US$1,100 and enjoy 5 contest days of trading!

What is more, a start-up deposit of US$5,000 will be credited to your demo account if you decide to try. All you have to do to become the winner is just to increase the provided capital as much as possible and make the largest profit.

Key dates:
•August 26, 2013 - registration ends;
•August 26, 2013– competition starts;
•August 30, 2013– competition ends.

Prizes:
•1st place – US$200 + bonus;
•2nd place – US$80 + bonus;
•3rd place – US$40 + bonus;
•4th place – US$32 + bonus;
•5th place – US$28 + bonus;
•6th place – US$20+ bonus.

Get all the details at ForexCup

Interview with the 2nd Prize Winner of the Asian Forex Championship

The summer of 2013 was notable for an outstanding event – The Asian Forex Championship –held within the ForexCup project. The event attracted approximately 1,600 traders from 53 countries in the Asian region, all competing for great prizes and bonuses provided by FXOpen.



All contestants demonstrated great trading skills, dexterity and a deep knowledge of market specifics. All results were achieved by the efforts of each participant, while some traders were awarded for their excellent performance.

Farid Ikram Bin Ahmad Zabidi from Malaysia won the 2nd prize. During eight weeks of trading he made an outstanding 1,355% profit. Small margins separated him from first place generally keeping pace with the eventual winner. Farid is a deserved 2nd prize winner and a PAMM ECN Account Manager.

We contacted this exceptional trader and asked him a few questions about his participation in the Championship and his trading experience in general.

FXOpen: “Could you please tell us a few words about yourself?”
Winner: “I am 28 years old. I am married with a cute daughter who is almost two-years old. I am from Perak, Malaysia. I work as an Assistant Technician Officer in Telekom Malaysia and my hobby is fishing.”

FXOpen: “Could you please describe your “way in Forex” i.e. how you began, developed, made your first profitable trade, etc.?”
Winner: “I started trading in Forex about 5 years ago, when a colleague of mine told me about this alternative source of income. Then I joined some Forex courses and thematic groups in Facebook. I made my first profit in 2011.”

FXOpen: “How did you learn about the ForexCup forex-contests? Have you ever participated in contests organised by other brokers?”
Winner: “I came across ForexCup when surfing one of my favorite forums. I’ve also participated in other brokers’ contests, but I was not lucky there.”

FXOpen: “What in your opinion, are the pros and cons of ForexCup competitions?”
Winner: “What I like about ForexCup most is that there is no need to deposit any money. The rules are clear and simple and the rewards are worth fighting for. Personally, I see no disadvantages.”

FXOpen: “This Championship was one of the biggest ForexCup events. What made you join this competition?”
Winner: “I should say that it was a real challenge for me. I knew there would be hundreds of participants and strong competitors from all Asian countries. But in the end I came second– and I assure you, I had no idea that I could win.”

FXOpen: “How did you make your trading decisions? Were they informed, risk averse or did your actively pursue risk?”
Winner: “Most of my trading decisions are based on technical analysis, so, I have to think them over carefully. But as a human being I make risky decisions at times.”

FXOpen: “According to the contest statistics, a large percentage of trades were made on GBPJPY– is it your favorite trading tool? Why did you choose it? What other instruments do you prefer trading?”
Winner: “EURUSD is my favorite currency pair, but it is not that volatile, so, I settled on GBPJPY. Sometimes I used EURJPY, even though it was more risky but high risk means high return. As for live trading, I opt for gold.”

FXOpen: “You had just a few losing trades. Did it take you long to work out a profitable strategy? If so, what is the essence of it?”
Winner: “From my point of view a profitable strategy should be based on careful analysis and risk management. When participating in the contest I used the mix of two strategies: KGBS TS-Kang Gun Buyer Seller Trading strategy and my own strategy, but I am still working on it.”

FXOpen: “You were awarded with a PAMM ECN account with a healthy deposit – Are you satisfied with this method of reward or would you prefer prize money only?”
Winner: “I’ve got my prize - that matters. And I am happy about being a PAMM ECN Account Manager.”

FXOpen: “Do you have any plans for how you will manage your PAMM ECN account?”
Winner: “Yes, I have some plans. I want to develop the account, enlarge the balance and attract investors to it.”

FXOpen: “Will you participate in forex-contests again, after such a great performance?”
Winner: “As soon as I have some free time, I will join ForexCup contests again.”

FXOpen: “What advice can you give to beginners and those who are planning to join ForexCup contests?”
Winner: “Do understand that you enter a risky world of Forex trading. Work on yourselves, control your emotions and try to avoid unnecessary risks. And remember that you can be successful only if you never give up – make it your motto. And I am sure, one day you will win!”

Profitable WeeK 09/09/2013-09/13/2013 Welcomes New Participants

Monday, 2nd September 2013, registration for another weekly competition has been opened thus, the contest “Profitable WeeK 09/09/2013-09/13/2013” is waiting for its new participants.

The competition will be held between 9th September and 13th September 2013. During 5 trading days all contestants should increase their start-up deposit of US$5,000 as much as possible. The starting capital will be available on the first day of the competition - 9th September.

The advantages of the contest:
•Free participation;
•7 prizes;
•US$1,100 bonus pool;
•8 traditional currency pairs as trading tools (EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, AUDUSD, NZDUSD, EURGBP);
•EAs welcomed.

Test your luck in a weekly competition at ForexCup! Isn’t it a good chance to start your way to success?

Find all details at ForexCup.com

Guess a course for EUR/USD – get your prize from FXOpen!

A traditional contest “FX Insight. Test your luck! Hit the mark!” is now available at FXOpen forum. Any trader, registered in the forum, is able to become a participant.

It is really simply to join a competition: if you are ready to fight for $US 30 from FXOpen, you have to leave your personal prediction of EUR/USD closing price for September, 20 in the corresponding forum thread.

Your bet should satisfy a few rules:
•Spreads between participants’ bets should be no less than 5 points;
•You cannot repeat someone else’s rate;
•Each participant is able to make only one bet;
•You are not allowed to change or delete your prediction;
•If your bet has been declined, you can leave ONE MORE new bet which totally complies with the rules.

Participants’ rates are accepted until September, 17. The winner’s name will be announced on Monday, September, 23. The winner will be the author of the closest prediction.

Join the contest at FXOpen Forum!