Oanda Forex Contest Results And Analysis

The latest forex contest sponsored by Oanda had ended on Friday and the top 3 traders are:

1st place, ending with 2164% gain and winning a $3000 live funded fxTrade account : http://www.myfxbook.com/members/forexmaxims/contest-forexmaxims/510515

2nd place, ending with a 1613% gain and winning a $1500 live funded fxTrade account : http://www.myfxbook.com/members/samuiopm/contest-samuiopm/508689

3rd place, ending with a 1336% gain and winning a $500 live funded fxTrade account: http://www.myfxbook.com/members/latte/contest-latte/514932

This contest analysis showed quite a different data due to the fact that no EA’s were used:

Oanda Forex Contest

We’ve had a chance to interview the 1st and 3rd place winners:

1st place winner Forexmaxims

How long have you been trading?
9 years live

Can you tell us a bit about your trading experience/history?
I fell in love with trading from day one and have never given up or stopped. I have taken many much needed breaks through out the years.

Did you use your real life trading system for the contest?
Yes

Can you tell us a bit about your trading system (without revealing its inner workings of course)?
All manual I use a combination of Fibs, support and resistance, supply and demand,pivots, and moving averages.
How long have you been using Myfxbook?
Since 2008/2009

Have you found it to improve your trading skills?
Yes it is a very helpful tool i think every trader should use it

Do you have any feedback about the contest and/or anything else you would like to add (about the sponsor, Myfxbook, or the competitors)?
I love Oanda they are in my opinion the best broker out there.  It was a fun contest can not wait till the next one.

3rd place winner Latte

I am very grateful to win this contest.

How long have you been trading? Can you tell us a bit about your trading experience/history?
About six months I started to trade and had a very pleasant moment in the history of my trading when Japan BOJ rate decision was announced and then I opened a buy order.

Did you use your real life trading system for the contest?
Yes it’s true …. I do trade in this contest according to trading system in real life.

Can you tell us a bit about your trading system (without revealing its inner workings of course)?
Basically, I always use a trading system by watching and monitoring the economic calendar. Other than that, I also use indicators that exist in the platform.

How long have you been using Myfxbook? Have you found it to improve your trading skills?
About almost two months I used Myfxbook and trading skills I feel has improved a lot. I am very grateful to Myfxbook who have been improving my skills.

Do you have any feedback about the contest and/or anything else you would like to add (about the sponsor, Myfxbook, or the competitors)?
1. For Myfxbook, once again I say many thanks to Myfxbook who have held this competition.
2. To sponsor or broker, advice from me is more frequent competitions in order to compete and learn more deeply in the trade.
3. And my advice to the competitors is always a focus on market and a bit of patience to do the transaction order.

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Thank you for everyone who participated!

The Myfxbook Team.

One Response to “Oanda Forex Contest Results And Analysis”

  1. Veszely says:

    I found the both traders very sympathic, and – please don’t judge me for that – latte is even a beautiful fellow trader. :-) (It was a big-big surprise for me to see her picture in the end of the interview.)

    It must be a great feeling to make such a good result so young (and after just a few months of trading.)

    Big congratulations to you, and all who made a good result in the contest!