Competition "The Way of the Samurai" TenkoFX

Forex trading can be stressful and nerve-racking. You may have the best strategy, but when you get overwhelmed by emotions, you can digress from it. Statistics show that traders are too quick to exit a profitable trade and tend to hold onto a losing trade longer than they should. This contest will help you develop self-discipline and improve your personal trading.

Why waste your time on a multitude of hasty trades, when your goal is to make a steady 10-15% profit per month?

BASICS

1.  Account Type: real STP/ECN trading account in US Dollars
2.  Frequency of competition: monthly
3.  Duration: one month
4.  Prize fund: 200 USD
5.  Participation rules: fund your trading account with 100 USD (+/-10%) and fill in the form on the competition page

TERMS

• Financial instruments: EUR/USD, GBP/USD, AUD/USD, USD/JPY, USD/CHF By the end of the last week of the month, all trades in the competition account must be closed (including pending orders).
• The size of each order must be 0.01 lot.
• Participants are not allowed to have more than 1 open position in one currency pair at the same time.
• Each trade must be closed with a profit or loss of at least 300 pips.

DEFINING THE WINNER

The winner is the participant who receives the most pips when closing a profitable trade during the competition

The prize will be credited to the Winner's TenkoFX trading account (typically within 24-48 hours on business days after the end of the Competition)