The Multi-Million Rand Forex Freestyle Challenge 2016! | Forex Factory

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The Multi-Million Rand Forex Freestyle Challenge 2016!

  • #1
  • First Post: Edited Jan 8, 2016 2:45am Jan 7, 2016 12:45am | Edited Jan 8, 2016 2:45am

Multi-Million Rand Forex Freestyle Challenge 2016!



Freestyle your way to riches and earn the crown title of the world's best trader among some of the best traders known! This challenge is open to amateur and expert traders, kicking off from the 15 February 2016. Registration period starts from 11 January 2016 and closes 10 February 2016
X-man the legendary conqueror of markets
  • #2
  • Jan 7, 2016 1:17am Jan 7, 2016 1:17am
amazing opportunity

what currency is R?

is it just stock trading?
“Hope is [a] bogus emotion that only costs you money.” - PETER LYNCH
  • #3
  • Jan 7, 2016 1:33am Jan 7, 2016 1:33am
Quoting SingaFX
what currency is R?
The answer is in the title ... Rand.
MT4/MT5 EAs/Indicators/Alerts coder
  • #4
  • Jan 7, 2016 1:41am Jan 7, 2016 1:41am
Yeah the currency is in rands . Go to Google convert to check out the rand to dollar exchange rate.
X-man the legendary conqueror of markets
  • #5
  • Jan 7, 2016 1:42am Jan 7, 2016 1:42am
No its not stocks. It's a forex trading challenge.
X-man the legendary conqueror of markets
  • #6
  • Jan 7, 2016 1:42am Jan 7, 2016 1:42am
Quoting FerruFx
{quote} The answer is in the title ... Rand.
thanks. i just google the rand currency.
so it is south african rand (ZAR)
“Hope is [a] bogus emotion that only costs you money.” - PETER LYNCH
  • #7
  • Jan 7, 2016 1:46am Jan 7, 2016 1:46am
Yeah it's the south African rand currency .
X-man the legendary conqueror of markets
  • #8
  • Jan 7, 2016 1:48am Jan 7, 2016 1:48am
Quoting SingaFX
{quote} thanks. i just google the rand currency. so it is south african rand (ZAR)
SingaFx you look like a brilliant trader by your stats are you going to take part In this competition.
X-man the legendary conqueror of markets
  • #9
  • Jan 7, 2016 1:53am Jan 7, 2016 1:53am
Quoting X-Man
{quote} SingaFx you look like a brilliant trader by your stats are you going to take part In this competition.
yes whenever there is a good chance, I'll try to take it. thanks for the info
“Hope is [a] bogus emotion that only costs you money.” - PETER LYNCH
  • #10
  • Jan 7, 2016 2:11am Jan 7, 2016 2:11am
By winning 1st , 2nd or 3rd place will change any traders life here.
X-man the legendary conqueror of markets
  • #11
  • Jan 7, 2016 2:17am Jan 7, 2016 2:17am
How does this thread fit into section Trading systems?
  • #12
  • Jan 7, 2016 2:20am Jan 7, 2016 2:20am
Global Market Stock Administration is very suspicious company, there is not normal account opening procedure, but you have to send your scanned ID... It can be big scam...
  • #13
  • Jan 7, 2016 2:22am Jan 7, 2016 2:22am
Pity the Rand is a level breaking highs, one of these days its gonna be worth dirt.
  • #14
  • Jan 7, 2016 4:24am Jan 7, 2016 4:24am
Quoting insomniawawa
Global Market Stock Administration is very suspicious company, there is not normal account opening procedure, but you have to send your scanned ID... It can be big scam...
how can this be a scam when gsma is not asking for money. What is going to happen with this competition is that a you enter. You send your details after that you going to be asked to open your trading account and trade when the competition starts... You trade your best and the trader that makes the highest gains wins. Simple as that. It's a proper competition
X-man the legendary conqueror of markets
  • #15
  • Jan 7, 2016 4:56am Jan 7, 2016 4:56am
Be aware that Global Market Stock Administration is a very badly reputed financial company.
The Goose Goozid! FK Goozid!
  • #16
  • Jan 7, 2016 5:32am Jan 7, 2016 5:32am
Quoting X-Man
{quote} how can this be a scam when gsma is not asking for money. What is going to happen with this competition is that a you enter. You send your details after that you going to be asked to open your trading account and trade when the competition starts... You trade your best and the trader that makes the highest gains wins. Simple as that. It's a proper competition

Do they offer forex service? I can see any information how they will run this contest. They have no regulation at all. They can use your personal data (you can be used as straw man) to make some scams...
  • #17
  • Jan 7, 2016 5:32am Jan 7, 2016 5:32am
Quoting X-Man
{quote} how can this be a scam when gsma is not asking for money. What is going to happen with this competition is that a you enter. You send your details after that you going to be asked to open your trading account and trade when the competition starts... You trade your best and the trader that makes the highest gains wins. Simple as that. It's a proper competition


Easy explained : Datamining to fish for Victims to Scam

Maybe
  • #18
  • Jan 7, 2016 5:57am Jan 7, 2016 5:57am
Guys the competition is going to run through a recognized broker that will have the proper regulations etc to run this competition.
X-man the legendary conqueror of markets
  • #19
  • Jan 7, 2016 5:59am Jan 7, 2016 5:59am
The broker is not named yet until we gt the go ahead from them.
That's the broker traders will use to enter the competition.
X-man the legendary conqueror of markets
  • #20
  • Jan 7, 2016 6:26am Jan 7, 2016 6:26am
This looks like a great competition, I just downloaded the application form on their website!
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