Archive for the ‘Myfxbook Updates’ Category

Vantage FX Contest Winners Announced!

Tuesday, September 6th, 2016

We are pleased to announce the winners of our latest contest that was hosted by Vantage FX:

1
basunjaya
Contest – basunjaya 7903.00%
2
CahBawen
Contest – CahBawen 3001.00%
3
Junax
Contest – Junax 1694.00%

The winning participants get a live funded trading account with the following balance:

1st place: $3000

2nd place: $1500

3rd place: $500

Analysing the comepitor date we can see that only 52% were margin called and rather a high number of winning accounts (9.8%):

Analysis

Contest Analysis

Winning accounts had a smaller TP than SL vs the losing accounts which had a higher TP than SL. Both losing and winning accounts had a similar win ratio.

This is the 34th contest on Myfxbook and we want to thank all of the participants and followers.

See you in the next contest!

Best Regards,

The Myfxbook Team.

New Forex Contest Sponsored By ADS Securities, $5000 In Prizes!

Thursday, July 7th, 2016

We’re happy to announce the registration for the next contest, sponsored by ADS Securities.  Registration has opened today and will be open until the 21st of July on which the contest will begin and will continue up to 20st of August.

ads.securities.london.forex.contest

To register, please go here (or click the above image): http://www.myfxbook.com/contests/forex-contest-ads-securities/37/rules

You will be competing with a demo $50,000 account and a 1:500 leverage. Top 3 trades will receive the following 3 prizes:

1st place – $3000

2nd place – $1500

3rd place – $500

The prizes will be deposited in your live ADS Securities account which you can withdraw immediately after the contest is finished.

 

Good luck!

The Myfxbook Team.

Valutrades Contest Winners Announced

Thursday, July 7th, 2016

The recent contest sponsored by Valutrades has ended and here are the winners:

1
josephe
Contest – josephe 7703.00%, winning $5000
2
fatooor
Contest – fatooor 4991.00% winning $1000
3
taradgen
Contest – taradgen 4583.00% winning $500
4
Monkeytrader
Contest – Monkeytrad… 2511.00% winning $500

Looking at this contest’s analysis, we see a high participation rate (76.3%), as well as a high level of winning accounts (14.2%); the 1st place and the 2nd place traders ended far away from the other competitors, however the 3rd and 4th place had barely performed better over the rest.

From a trading perspective, it is clearly visible that winners had a much larger TP/SL levels over the losing accounts, which would suggest winners had a trend trading system.

valutrades.contest

Have a great weekend,

The Myfxbook Team.

New Forex Trading Contest Sponsored by Vantage FX. $5000 In Prizes!

Friday, June 17th, 2016

Registration for yet another trading contest has opened:

vantage.fx.forex.contest

The contest will be held with demo accounts with a starting $50,000 balance and 200:1 leverage.

Trading will commence on July 1st and will continue up to July 31st. Top traders will receive the following prizes:

1st place – $3000 live funded trading account.

2nd place – $1500 live funded trading account.

3rd place – $500 live funded trading account.

Moreover, all contestants with a positive balance at the end of the competition will receive the Vantage FX Smart Trader Tools Package.

Go ahead and register here:

http://www.myfxbook.com/contests/forex-contest-vantage-fx/36/rules

Wishing you a great weekend ahead!

The Myfxbook Team.

 

New Forex Trading Contest Sponsored By Valuetrades, $7000 in Prizes!

Monday, May 2nd, 2016

We’re pleased to announce a new forex trading contest held with demo accounts!

valutrades.forex.contest

Top trades will collect $7,000 in prizes:

First Prize : 5,000 USD (Plus VIP Account)
Second Prize: 1,000 USD (Plus VIP Account)
Third Prize: 500 USD
Fourth Prize: 500 USD

A VIP Account = Free VPS for 3 months, Free ValuSentiment Access, Free Range Bar Indicator, Free VIP webinar access, Raw Spreads

Traders will be competing with a $10,000 demo balance and a leverage of 1:100.

The competition will start on May 15th and will end on 14th of June, so you will have a month to prove your trading skill. Keep in mind that any attempt to cheat (such as multiple accounts or arbitraging) will result in disqualification.

NOTE: US residents are not eligible to participate in the contest.

To Sign up, go here:

http://www.myfxbook.com/contests/forex-contest-valutrades/35/rules

Best Regards,

The Myfxbook Team.

MaxFX Winners Announced!

Thursday, April 7th, 2016

We’re happy to announce the winners of our recent live forex contest sponsored by MaxFX, which closed on Friday.

The top 3 traders received the following prizes:

Looking at the figures of the content, we see that it had a lot of interest among trades (over 600 registrations), however only 5.5% of traders have met the requirements of the contest and traded.

Losing and winning traders had a very similar trade profitability (60% win / 40% loss vs 76% win/24% loss) however average win of winners was one third of losing accounts, meaning take profit levels were much smaller as well as stops were tighter. To see the complete analysis, please go here: http://www.myfxbook.com/contests/live-forex-contest-maxfx/34/analysis

maxfx.live.forex.contest

Have a great weekend,

The Myfxbook Team.

New Forex Rebate Service By Myfxbook – PAYBACKFX

Monday, February 15th, 2016

We’re super excited to announce our brand new rebate service called PAYBACKFX. Some of you might know what a forex rebate service is but those who don’t – a forex rebate service allows you to get paid back for your own trades (with the same spreads and commissions!).

paybackfx

There are many forex rebate services out there, however, as with any of our existing services, we strive to provide a superior service which is a level above all. So what makes PAYBACKFX so great? Well, here are a few points:

  • The reporting is completely real-time! That’s right, no need to wait 30-45 days just to see your profit.
  • Completely transparent service, giving you complete reports on each and every rebate you are paid.
  • We cover all withdrawal fees when withdrawing to your PayPal account – what you see in your account is what you get.
  • The user interface is as simple as it gets – connect your account by simply completing a form.
  • Highest rebate rates.
  • Great support.
  • Responsive platform which can be accessed from any of your devices.

As part of the launch of our new service, we’re giving away $1,000,000 bonus; $10 bonus for each account you connect – you can connect an unlimited number of accounts.

Please note the Promotion is limited to the first 100k accounts.

Currently the service supports 6 brokers and more brokers will be added very soon.

We would be happy to hear any feedback you may have, so do not hesitate to contact us.

Happy Monday,

The Myfxbook Team.

New Live Trading Contest MaxFX

Tuesday, February 2nd, 2016

We’re happy to announce the first live contest (real funds) for 2016, sponsored by MaxFX:

maxfx.live.contest

Registration will be open until 15th of March and the contest will start on 1st of March and will run through 1st of April.

A minimal deposit of $500 is required to enter the contest. Total prizes of $10,000 will be given out as follows:

  • 1st Prize equals to $6,000 funded in the Client’s MaxFX live account
  • 2nd Prize equals to $3,000 funded in the Client’s MaxFX live account
  • 3rd Prize equals to $1,000 funded in the Client’s MaxFX live account

Important to note that funds deposited by MaxFX as a Prize can be withdrawn any time after the completion of the Contest.

Good luck to all traders!

Registration: http://www.myfxbook.com/contests/live-forex-contest-maxfx/34/rules

 

Best Regards.

The Myfxbook Team.

End Of 2015 Updates

Wednesday, December 23rd, 2015

We had much developments this year; This is what we have been up to:

  • Working hard on our Android and iOS apps.
  • Adding functionalities as requested by users.
  • Adding more widgets.
  • Supporting further brokers.
  • Improving our current services and adding new ones.

We’ve wanted to take this opportunity to highlight 2 items:

Our android application has reached an important milestone – it has passed 100,000 downloads in just over 1 year! Not only that, but it is ranked number 4 when searching in Google Play for the term ‘Forex’. If you haven’t tried it out yet, click below to and download it to see why traders absolutely love it:

Myfxbook Android

Myfxbook Android

A new upcoming rebate service to be introduced in 2016 – just like with any of our services, we’re creating a new, state of the art service, unlike anything available now. As a promotion of the new rebate service, we’ll be giving out $1,000,000 (that is correct, one million USD) in bonuses!

The new rebate service will be available here: http://www.paybackfx.com

PAYBACKFX

New Forex Rebate Service By Myfxbook

Stay tuned for more details!

 

We wish you a lovely holiday season and a Happy New Year!

The Myfxbook Team.

Live Contest Winners Announced

Thursday, December 3rd, 2015

Our first ever live forex contest has ended and winners are:

1
fnb2832
Contest – fnb2832 218.78% $10,000
2
WasimKhattak
Contest – WasimKhattak   87.29% $5,000
3
MPRC
Contest – MPRC 80.63% $2,000

As this was a contest with live funds deposits by the competitors, it was very interesting to see the difference in trading behavior vs demo accounts. As expected, returns weren’t as high as with demo accounts but nevertheless, were impressive.

Looking at the contest’s analysis which can be seen here http://www.myfxbook.com/contests/live-forex-contest-fidelis-capital/32/analysis we can see that 7.1% of accounts were profitable, 32.9% of account were losing and 60% of accounts didn’t trade. Winners had a 66% winning rate vs 56% of losing traders, while avg pip win of winners was 350 pips vs 80 pips of losing trades (almost x5 times larger).

Live Forex Contest Fidelis Capital analysis

Hope you had a good time competing against the rest!

Have a great week ahead,

The Myfxbook Team.