Should U.S. Broker Offer U.S. Traders Their Own Monthly Trading Contest | Forex Factory

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Should U.S. Broker Offer U.S. Traders Their Own Monthly Trading Contest

  • #1
  • First Post: Nov 29, 2010 10:33am Nov 29, 2010 10:33am
Should U.S. Broker Offer U.S. Traders There Own Monthly Trading Contest Since We Only Get 50:1 Leverage Now, Some People Will Say Leverage Don't Matter, But It Does, The Higher The Leverage The Bigger The Return Also The More You Can Loose.
  • #2
  • Nov 29, 2010 7:44pm Nov 29, 2010 7:44pm
Yes they should, it is not fair i believe now. US traders really stand no chance against higher leverage.
  • #3
  • Dec 4, 2010 10:58am Dec 4, 2010 10:58am
Quoting Coliseum
Yes they should, it is not fair i believe now. US traders really stand no chance against higher leverage.
i agree 100%, would like to here from some u.s. brokers.
  • #4
  • Dec 5, 2010 1:10am Dec 5, 2010 1:10am
Quoting PoundTrader
i agree 100%, would like to here from some u.s. brokers.
Don't understand why they don't. Suppose they do not want to pay out twice, but sure they could make more money by trying to bring clients in to the contest. Why do you think they don't?
  • #5
  • Dec 5, 2010 3:48am Dec 5, 2010 3:48am
Quoting PoundTrader
Should U.S. Broker Offer U.S. Traders There Own Monthly Trading Contest Since We Only Get 50:1 Leverage Now, Some People Will Say Leverage Don't Matter, But It Does, The Higher The Leverage The Bigger The Return Also The More You Can Loose.
could please some one explain, what PoundTrader meant?

what kind of contest? on live account or demo account?


thanks in advance
  • #6
  • Dec 5, 2010 11:28am Dec 5, 2010 11:28am
Quoting eli
could please some one explain, what PoundTrader meant?

what kind of contest? on live account or demo account?


thanks in advance
Brokers offer monthly contests on who gains the most money, usually a total amount in $ or a % figure.
  • #7
  • Dec 5, 2010 12:17pm Dec 5, 2010 12:17pm
Quoting fxtrdr78
Brokers offer monthly contests on who gains the most money, usually a total amount in $ or a % figure.
thanks for explaining. this sounds good, but if the trader will risk more because he wants to win a contest, he will risk his own money, and this part I really don't like at all.
  • #8
  • Dec 6, 2010 9:10am Dec 6, 2010 9:10am
Quoting fxtrdr78
Don't understand why they don't. Suppose they do not want to pay out twice, but sure they could make more money by trying to bring clients in to the contest. Why do you think they don't?
i guess they don't want to spend the money or pay out double would like to hear from some u.s. broker on this subject
  • #9
  • Dec 6, 2010 9:12am Dec 6, 2010 9:12am
Quoting eli
thanks for explaining. this sounds good, but if the trader will risk more because he wants to win a contest, he will risk his own money, and this part I really don't like at all.
the risk depends on the trader and why not risk your own money, you do trade forex right? thats a risk by itself
  • #10
  • Dec 7, 2010 12:10am Dec 7, 2010 12:10am
Quoting PoundTrader
the risk depends on the trader and why not risk your own money, you do trade forex right? thats a risk by itself
I meant, that one is risking anyway his money, so why take additional risk because, maybe he can win a prize?
  • #11
  • Jan 3, 2011 6:10pm Jan 3, 2011 6:10pm
bump
  • #12
  • Last Post: Mar 1, 2011 2:02am Mar 1, 2011 2:02am
Quoting PoundTrader
Should U.S. Broker Offer U.S. Traders There Own Monthly Trading Contest Since We Only Get 50:1 Leverage Now, Some People Will Say Leverage Don't Matter, But It Does, The Higher The Leverage The Bigger The Return Also The More You Can Loose.
i heard ibfx is working on something like this.
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