Category: Myfxbook Updates

It’s a great pleasure to announce for another chance to win $7500 in prizes and a VIP trading pack in our next trading contest, sponsored by Blackwell Global:

In case you are still unfamiliar with the contests we host, then there are 3 simple steps to take:

1. Signup, to receive a free demo account (you are not required to invest any real money)

2. Trade the best you can against other traders from around the world

3. Win real money by reaching the highest balance among the traders

To signup, please click below:

                                                                                            https://www.myfxbook.com/contests/forex-contest-blackwell-global-investments/39/rules

Have a great weekend,

The Myfxbook Team.

The recent manual trading contest sponsored by GDMFX has ended and top 6 traders to win the prizes are:

1st place – Contest – SGfx2017 ending with 7805.00%, winning $4000

2nd place – Contest – Kahatafx ending with 7020.00%, winning $2500

3rd place – Contest – Hung25 ending with 5911.00%, winning $1500

4th place – Contest – Roma666 ending with 5318.00%, winning $1000

5th place – Contest – yangyang ending with 5013.00%, winning $600

6th place – Contest – allhail ending with 4965.00%, winning $400

Looking at the results, it is noticable that manual trading shows much more consistent trading and as such, competitors were evenly distributed along the performance axis.

Moreover, a high percentage (75%) of registrants participated in the contest of which over 10% were profitable.

Trades profitablity was very much similar between winning and losing accounts: 74%/61% of winning trades and 26%/39% of losing trades, respectively.

Avergage trade result in pips showed that winners had on average 4.5 times larger win than of a losing account as well as 8 times larger losses.

Thank you all who took part in the contest and see you next time.

If you have any feedback or comments, we would love to hear it.

Have a great weekend,

The Myfxbook Team.

 

We’re happy to announce a first contest for 2017, this time accepting manual trading only (no Expert Advisors!).

The contest is sponsored by GDMFX and the contest’s prize fund is $10,000 which will be awarded in the following manner:

• 1st place is awarded with 4000 USD
• 2nd place is awarded with 2500 USD
• 3rd place is awarded with 1500 USD
• 4th place is awarded with 1000 USD
• 5th place is awarded with 600 USD
• 6th place is awarded with 400 USD

Each competitor will start with a $10k demo account with a 1:200 leverage.

Good luck and may the best trader win!

The Myfxbook Team.

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

1		Contest – basunjaya		7903.00%
2		Contest – CahBawen		3001.00%
3		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%):

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.

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.

To register, please go here (or click the above image): https://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.

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

1		Contest – josephe		7703.00%, winning $5000
2		Contest – fatooor		4991.00% winning $1000
3		Contest – taradgen		4583.00% winning $500
4		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.

Have a great weekend,

The Myfxbook Team.

Registration for yet another trading contest has opened:

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:

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

Wishing you a great weekend ahead!

The Myfxbook Team.

 

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

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:

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

Best Regards,

The Myfxbook Team.

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:

• 1st Prize equals to $6,000 funded in the Client’s MaxFX live account – Contest – ReynoldTrader gaining 852%
• 2nd Prize equals to $3,000 funded in the Client’s MaxFX live account – Contest – gregorbowens gaining 813%
• 3rd Prize equals to $1,000 funded in the Client’s MaxFX live account – Contest – pmargetts gaining 767%

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: https://www.myfxbook.com/contests/live-forex-contest-maxfx/34/analysis

Have a great weekend,

The Myfxbook Team.

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!).

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.