New York, November 22, 2010—FXCM Holdings (http://www.fxcm.com/prhome) has crowned several trading kings through its King of the Micro contest, awarding $40,000 in cash every month to the top performing FXCM Micro live account holders. October was a particularly tumultuous month for professional and retail traders alike. Risk appetite maintained its upward trajectory; but the long-awaited FOMC stimulus announcement amplified uncertainty.
FXCM interviewed the top three winners of the October contest. Read more below to learn about the pairs they traded, how long they held them, and how much time they spend trading each day. Read the full interviews and view their trading history on the FXCM Micro forum.
1st Place:
What pair(s) do you prefer to trade?
GBP/USD. AUD/USD, EUR/USD
How long do you typically hold your trades?
Ranging from a few minutes to several days
How much time do you spend trading every day?
I can’t say for sure.
2nd Place:
What pair(s) do you prefer to trade?
GBP/USD and EUR/USD
How long do you typically hold your trades?
Five to thirty minutes
How much time do you spend trading every day?
Eight to sixteen hours
3rd Place:
What pair(s) do you prefer to trade?
EUR/USD
How long do you typically hold your trades?
A week to a month
How much time do you spend trading every day?
Around four hours a day
What is the FXCM King of the Micro Contest?
King of the Micro is a forex trading contest hosted by FXCM, which gives away cash prizes every month: $25,000 for the trader with the highest trading return, $10,000 to second place, and $5,000 goes to third place.
In the past, winners have come from those who are in the process of learning forex trading to those who are trading experts. It’s free to enter and no registration is needed.
To be a part of the November King of the Micro contest you must be an FXCM Micro client with $500 in your account at the beginning of the month. You’ll be automatically entered.
You must make at least ten trades during the month to remain eligible. To read more details, view the King of the Micro Monthly Trading Contest Rules. To deposit more money into your account, please visit MyFXCM.
links should go to:
King of the Micro Monthly Trading Contest Rules (http://www.forexmicrolot.com/prcontest)
MyFXCM: www.myfxcm.com
.
About FXCM Holdings LLC
FXCM Holdings LLC (FXCM) is a global online forex and CFD broker† that caters to both retail and institutional markets. Founded in 1999, FXCM is regulated by several of the world’s most respected financial authorities.
At the heart of FXCM’s client offering is No Dealing Desk forex trading. Clients have market access to FXCM’s large network of forex liquidity providers that enables FXCM to offer clients spreads as low as 1 pip on major pairs. Clients also have the benefits of mobile trading, one-click order execution, and trading from real-time charts. FXCM’s UK subsidiary, Forex Capital Markets Limited, offers CFD products† with no re-quote trading and allows traders to trade forex, oil, gold, silver, and stock indices on one platform. In addition to currency and CFD trading, FXCM offers educational courses on forex trading and provides free news and research through DailyFX.com.
*Past performance is not indicative of future results.
†Please be advised that CFD accounts are not available to residents of the US or its territories. Additionally, US regulation requires that brokers must be registered with US Commodity Futures Trading Commission in order to be counterparties to US retail investors in OTC forex transactions; therefore, residents of the US and its territories may not open accounts with Forex Capital Markets Limited.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Any opinions, analyses, or other information contained is provided as general market commentary, and does not constitute investment advice. Read full risk disclaimer.
FXCM interviewed the top three winners of the October contest. Read more below to learn about the pairs they traded, how long they held them, and how much time they spend trading each day. Read the full interviews and view their trading history on the FXCM Micro forum.
1st Place:
What pair(s) do you prefer to trade?
GBP/USD. AUD/USD, EUR/USD
How long do you typically hold your trades?
Ranging from a few minutes to several days
How much time do you spend trading every day?
I can’t say for sure.
2nd Place:
What pair(s) do you prefer to trade?
GBP/USD and EUR/USD
How long do you typically hold your trades?
Five to thirty minutes
How much time do you spend trading every day?
Eight to sixteen hours
3rd Place:
What pair(s) do you prefer to trade?
EUR/USD
How long do you typically hold your trades?
A week to a month
How much time do you spend trading every day?
Around four hours a day
What is the FXCM King of the Micro Contest?
King of the Micro is a forex trading contest hosted by FXCM, which gives away cash prizes every month: $25,000 for the trader with the highest trading return, $10,000 to second place, and $5,000 goes to third place.
In the past, winners have come from those who are in the process of learning forex trading to those who are trading experts. It’s free to enter and no registration is needed.
To be a part of the November King of the Micro contest you must be an FXCM Micro client with $500 in your account at the beginning of the month. You’ll be automatically entered.
You must make at least ten trades during the month to remain eligible. To read more details, view the King of the Micro Monthly Trading Contest Rules. To deposit more money into your account, please visit MyFXCM.
links should go to:
King of the Micro Monthly Trading Contest Rules (http://www.forexmicrolot.com/prcontest)
MyFXCM: www.myfxcm.com
.
About FXCM Holdings LLC
FXCM Holdings LLC (FXCM) is a global online forex and CFD broker† that caters to both retail and institutional markets. Founded in 1999, FXCM is regulated by several of the world’s most respected financial authorities.
At the heart of FXCM’s client offering is No Dealing Desk forex trading. Clients have market access to FXCM’s large network of forex liquidity providers that enables FXCM to offer clients spreads as low as 1 pip on major pairs. Clients also have the benefits of mobile trading, one-click order execution, and trading from real-time charts. FXCM’s UK subsidiary, Forex Capital Markets Limited, offers CFD products† with no re-quote trading and allows traders to trade forex, oil, gold, silver, and stock indices on one platform. In addition to currency and CFD trading, FXCM offers educational courses on forex trading and provides free news and research through DailyFX.com.
*Past performance is not indicative of future results.
†Please be advised that CFD accounts are not available to residents of the US or its territories. Additionally, US regulation requires that brokers must be registered with US Commodity Futures Trading Commission in order to be counterparties to US retail investors in OTC forex transactions; therefore, residents of the US and its territories may not open accounts with Forex Capital Markets Limited.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Any opinions, analyses, or other information contained is provided as general market commentary, and does not constitute investment advice. Read full risk disclaimer.