Trading Contest

Hey I've been thumbing around and noticed there are a few trading contest where you can actually win prizes on simulated trading without putting up any money. This seem like a great way to learn and test your skills. Instead of just merely doing a simulation you actually have a chance to win something so there is more of an incentive to do good. I'll post the 2 that I know of and hope others will share their links to contest they know of and any experiences they've had.

Here you go:
Wallstreet Survivor
CNBC Million Dollar Challenge

To win such contest you have to get lucky and overleverage your account a few times to get to the top. You can't consider this as "trading".

Monthly Rank
2593 2.33% Weekly Rank
4193 2.86% Total Players
79482

If you win your systems must work. Even if you over leverage doesn't mean you have a good chance to win. You must over leveraged to win yes but to be good at it is a different story and yes my friend it is trading. Look at my stats. My fist time playing and my trades are in the green. I must manage them now.

(edit)
You can see your results in such a trading environment. I don't recommend you trade like that but it's still good practice as long as you know to not use that kind of leverage with real money. I personally think it's fun to throw everything at it and see what happens. Since it's fake money you don't have to worry. Try it out if you have the time. You don't have to go all out and still see what you would rank against the riskier players as well. Use your own discretion. Everyone has different styles that work for them. Some don't work that's why they need practice or maybe their just not meant to trade.

Yes just saying that most Contest only require "getting the most ROI" rather than considering risk adjusted return. You could go "all-in" a few time and increase your account 10x and wait for others to blow their accounts.
That's how most contests are won.

lol... that's true..

Monthly Rank
3960 3.15%
Weekly Rank
5175 3.68%
Total Players 79705

PORTFOLIO VALUE $103,145.00
BP $206,290.00
Starting Capital 100k

http://www.wallstreetsurvivor.com/Pu...2-5dd025d2e5f5
wallstreetsurvivor profile

fxcm micro trading contest
King of the Micro contest RULES
NO REGISTRATION IS REQUIRED. All live FXCM Micro accounts with a minimum balance of $500 on the first day of the contest are automatically entered.
In this live trading competition, Micro account holders with the highest percentage gain (it can be as little as 10%) will win $25,000. Second-place winners will receive $10,000, third-place winners, $5,000.
The percentage gain will be based on the ending gross P/L (including floating P/L) as a ledger balance against the beginning balance at the beginning of the contest. There will be no restrictions on withdrawing your prize money.
The contest begins at 5:00 pm (EST) on the first trading day of the month and ends at 4:59 PM (EST) on the close of the last trading day of the month.
Winners will be announced by the fifteenth of the following month.
Before entering the contest, please review the complete set of contest rules

NOTICE - PLEASE READ ABOUT CONTEST
apparently some of contest are not free to enter or you have to put up your own cash. even though you don't pay to play the actual contest there might be some type of string attacted to the contest - which are the one's i'll most likely not enter unless i really want to open an account with these people for other reasons. as i gather information regarding trading contest i will make a list which will include no obligation to play contest (other than registering/or newsletter) vs contest which require you to put up your own money in some way. (read carefully) The contest I'm entered in that I'm actually playing not just the one's I'm listing on this thread have no strings attached that I know of and if they do i will note any clauses in this thread. For a rookie i do not recommend you use your own money to play an experimental contest and that is not my objective but if you choose to do so make sure you think about it thoroughly. Any contest I list is to be subject to objections and criticisms as well as my (and others) praises.
If a contest has something your interested in and there's an obligation to play it's your decision but make sure you think about it. Big prizes aren't the only reason to enter a contest they are of course desirable but keep in mind the likelyhood of wining.
The contest I'm enrolled in so far are fun to play and are somewhat of a learning experience although they will not help you with live trading in a lot of ways but might help you plan your trades out more.

http://www.myfxbook.com/contests


In fact there's one starting on the 5th of next month. Registration is on now.

Cheers.

I managed to get first place in a trading contest many years ago, it was basically stocks, not forex.

I Finished the first month with around 500% gain and biggest weekly gain was 150%. Basically I invested 100% of my capital into high risk stocks.

Unfortunately because I was from UK and it was only open to people from US, I was disqualified, but it was a bit of a laugh lol.

It isn't real trading and it will do little to help your trading, in fact it might even damage it.