Hello and welcome to the 21st demo trading contest of 2023 sponsored by FP Markets: FOREX MAJORS COMPETITION
Before joining, please read the contest rules .
Contest starts : Sep 4th - Ends: Sep 9th Contest duration : 1 week Sponsor broker : FP Markets Contest server : FPMarkets-Demo Starting equity : $100 Max leverage : 100:1 Peak to valley max DD : 60% Max trades : 20 EA trading : EAs NOT ALLOWED Instruments : FOREX MAJORS ONLY - trades on other symbols (EUR/GBP, XAU/USD, BTC/USD, US30, etc), will not count toward your performance. Cash prizes : 10: $350 - $200 - $100 - $50x7
FP Markets contest is limited to 6 symbols only, FX Majors - EURUSD.r, GBPUSD.r, AUDUSD.r, USDCAD.r, USDCHF.r, USDJPY.r
Make sure to trade the RAW symbols, with β.rβ
Guys, pleaseβ¦
Make sure to read the contest rules, everything is there - make sure to be on the right demo server and trading the correct pairs.
Also, make sure that youβre on the right contest, as we have 2 going at the same time.
Hi friend, seems to me that you are trying to trade the wrong symbols:
FP Markets contest is limited to 6 symbols only, FX Majors - EURUSD.r, GBPUSD.r, AUDUSD.r, USDCAD.r, USDCHF.r, USDJPY.r
Make sure to trade the RAW symbols, with β.rβ
Sir many traders use this trick first 0.30 lots buy than 0.30 lots sell and again 0.30 lots buy and than close 0.30 sell position and running trade is going 0.60 lots buy if market come to sell they will loss 60$ and profit if AUDUSD 63800 go to 63900 frofit is 60$ you will disqulified him or no its show the traders is give a risk and they do right if this is right so i use this trick in next contest tell me please i am waiting
Hedging during the contest is not against the rules.
But, hedging is a risky strategy that can bring the account close to margin call (the broker will close the trades automatically).
Plus, hedging will count as a trade, if the max trades per contest is 25 a buy 0.30 lots and a sell 0.30 lots will count as 2 trades (and traders will exhaust the max rules quicker).
So, consider the above and consider if itβs worth taking the risk - as said, hedging is allowed, but riskyβ¦