This is the 2nd time I took part in a trading contest. In my 1st time joining the contest, I blew up in 2 days (lol). Then I tried to look up some information about contest rules, groups to learn from others. After 2 seasons of joining this contest, I would like to share with you guys some of my tricks. But first,... know that these “tricks” you’re about to learn can be used for good or evil. So, promise me you won’t abuse them and use it for the wrong reasons, all right? If I have your word, then let’s begin!
- Winning a forex trading contest and being a consistently profitable trader is two different things altogether — and it requires a different skillset
- The biggest winner of a forex trading contest is usually the broker or organizer
- Risk a large % of your account on each trade
- Get a high win rate by having a wide stop loss or no stop loss at all
- Go all in at the late stage of a trading contest
- Sign up for a trading contest with multiple entries, the more the better
Now over to you… What are some “tricks” you can use to win a forex trading contest?
Leave a comment below and let me know your thoughts.
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