The recent FIBO contest has ended on Friday and we’re happy to announce the top 3 winners:
1st place, testerz with 7973.14%, winning a $3000 funded account, https://www.myfxbook.com/members/testerz/contest-testerz/464396
2nd place, BKJEPARA with 5218.92%, winning a $1500 funded account, https://www.myfxbook.com/members/BKJEPARA/contest-bkjepara/462456
3rd place, hos22003 with 4386.69%, winning a $500 funded account, https://www.myfxbook.com/members/hos22003/contest-hos22003/469629
This contest was the largest ever in terms of amount of competitors and here is the data analysis:
We’ve also interviewed a few of the top traders briefly:
2nd Place Winner, BKJEPARA
I am very glad to get your information, and for winning 2nd place in the last contest.
How long have you been trading? Can you tell us a bit about your trading experience/history?
I have learn for trading forex is more than 5 years, and i learn
correlation currency for trading EURUSD / GDPUSD / USDCAD / USDCHF. and i
use simple indicator : parabolic sar, momentum, volume confirmation,
news market, and then execution trading by confirm in time frame 5
minute, by time frame 15 minute and 30 minute.
Did you use your real life trading system for the contest?
The trading system on our forex contest is new our explore trading strategy, and we not yet to do the trading system on real life account.
But we will do this the new trading system soon.
Can you tell us a bit about your trading system (without revealing its inner workings of course)
I learn forex trading by my shelf experience on trading and i not join any course before.
Trading forex contest have usefully for beginner forex player like me.
Some of strategy i get from forex forum, fxstreet, dailyfx, and more information on internet.
How long have you been using Myfxbook? Have you found it to improve your trading skills?
May be for 1 or 2 years, i have join on myfxbook.
Yes, myfxbook is improve my trading skiils and very good forum forex player.
I get more information experience forex trading from other player.
Do you have any feedback about the contest and/or anything else you would like to add (about the sponsor, Myfxbook, or the competitors)?
Yes, i wish to say thank you for all of the sponsor, because of they forex contest is useful for new player forex trading like me. I wish any new forex contest soon.
On the other hand, I wonder if any sponsor forex contest is welcome to introduce the winning contest to be manager account or pamm account. I welcome to establish this cooperation.
one more, i wish any new forex contest for next month, and especially with amazing huge prize of forex contest.
Bravo…..myfxbook.
Best regards
BKJEPARA
3rd Place Winner, hos22003
Hello everybody,
First of all, I want to thank Myfxbook for continuing to give traders the chance to compete in their exciting contests. Also, I would like to thank God for winning the 3rd place J .
How long have you been trading? Can you tell us a bit about your trading experience/history?
I am happy to talk about my experience. I have been trading since 2011. At first, my experience was very low; moreover, I tested more than 50 templates and 1000 indicators until I reached the easiest way.
Did you use your real life trading system for the contest?
Yes, I did. And I am still using it on my real account.
Can you tell us a bit about your trading system (without revealing its inner workings of course)?
I use 3 indicators:
-moving average
-stochastic
-Mega trend
and the time frame is H4
How long have you been using Myfxbook? Have you found it to improve your trading skills?
I have been using it about since 2011. And Yes, It really improved my skills. Through competitions, my skills increased and my trader psychology became better.
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 am really happy to be a member in this website. Additionally, I believe that this contest was so exciting. I wish to have a similar contest every month, for I like to increase my experience and to find more competitors.
4th Place, Boon Chai
How long have you been trading? Can you tell us a bit about your trading experience/history?
I been trading in stock market, options, futures and forex for 5years+.
In the beginning first 2 years of my forex trading, I been burnt my small account more than 100 times, but later I found that this is very valuable experience to me, it make me sometimes able to sense that market is not doing right and stop my trades in correct timing.
3rd and 4th year is the turning point of my forex trading where I start to make profits more than losses.
Did you use your real life trading system for the contest?
Yes and no. I use real life trading signals for the contest but with different money management style. In contest, I used up all margin to accelerate account grow.
Can you tell us a bit about your trading system (without revealing its inner workings of course)?
I trade on 4hours chart, but i use 5mins, 15mins and daily chart to assist for better entry and exit.
Using bollinger band and stochastic oscillator, but main reference will be price action and trend.
How long have you been using Myfxbook? Have you found it to improve your trading skills?
I been using MyFxbook for 3years+. It is the best analytical tool I have seen. It did helped me improve my trading skill, for example, I will search for system that have better Profit factor and use the trading browser to watch how they trade.
Do you have any feedback about the contest and/or anything else you would like to add (about the sponsor, Myfxbook, or the competitors)?
No, but thank you sponsor, Myfxbook and all competitors, I seen some interesting playing style and learn a lot from the game. Good game.