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forexchief

"Registration for a “Profitable WeeK 10/22/2012-10/26/2012â€￾

Discussion in 'Lounge Forex' started by invest, Oct 4, 2012.

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  1. invest

    invest New Member

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    Test your trading strategy in a weekly contest between traders “Profitable WeeK 10/22/2012-10/26/2012â€￾, which will be held since October, 22 to October, 26. The best trader can get more than $250. All participants, who will increase a start-up deposit by 70% and more, will divide between themselves a prize fund - $1700.

    Forex-contests from FXOpen are totally unique, because participation in them is totally free and winners’ rewards are real money! In order to participate in the contest, you have to open an account with FXOpen and apply for a competition.

    You can register right now at www.forexcup.com

    On the 1st day of the contest each participant will receive $5000. You have to enlarge a start-up deposit by trading at the Forex market. The winner will be the one with the biggest capital.

    That particular forex-contest suits both experienced traders and newbies in Forex.

    We will accept applications until October, 21.

    Hurry up to register!
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    Uploaded with ImageShack.us
    Key dates:
    October, 21 – deadline for applying for participation;
    October, 22 – the contest starts;
    October, 26 – the contest ends;
    October, 29 – summarizing and calculating prizes and bonuses

    There are 5 prizes:
    1st place - $250 + bonus;
    2nd place - $100 + bonus;
    3rd place - $75 + bonus;
    4th place - $50 + bonus;
    5th place - $25 + bonus.
    All participants with profit of more than 70% will get real money bonuses.

    The terms of the competition:
    • Participation is free;
    • Start-up deposit $5000 and a leverage 1:100 are provided;
    • Currency pairs: 28;
    • Lot: from 0.1 to 1 (one order can be opened with only 1 lot);
    • Maximum number of orders (including pending ones): 3;
    • Advisors are prohibited;
    • Lock is forbidden;

    Restrictions:
    In order to get prizes, a participant should make at least 5 trades of total volume no less than 5 lots. Also, all participants should leave at least one message in the forum, or their prizes and bonuses could be cancelled.

    Withdrawal of bonuses
    Bonuses can be withdrawn once you complete the requirements: no earlier than in 30 days. Also you should make at least 20 trades of 10 minutes each one;

    Withdrawal of prize
    You can withdraw your prize through any payment system available at FXOpen.

    Registration

    is available only for authorized users of ForexCup.com

    Participant’s Guide

    Go to Open a Live Account , choose the “Personalâ€￾ account type and fill out the form to receive login details for www.forexcup.com (more...);

    Go to Open micro trading account, on which your bonuses and prizes will be transferred.

    Log on to www.forexcup.com with your registered e-mail and the MyFXOpen password (the details you received after the registration);

    Join a ForexCup competition;

    Download and install the Meta Trader 4 trading terminal (download);

    Run Meta Trader 4 on your computer;

    Select File > Login in the Meta Trader 4 and enter the number and trader’s password for your ForexCup competition demo account.
    Bonus Terms:

    The bonus payable to a trader’s real trading account is equal to one percent (1%) of the profit gained.

    For example, if a trader earns $ 5000, a $ 50 bonus will be deposited to his account.

    However, there are some limitations:

    - The amount of bonus for one trader cannot exceed $ 250;

    - Bonus can be withdrawn via any payment system available at FXOpen after making 20 trades (minimum of 10 minutes per trade). You can withdraw the bonus after 30 calendar days since the date it was paid to you. Before withdrawing the bonus you must make at leat 1 forum post in the ForexCup Competition thread in our Forum.

    The total amount of all bonuses in the competition cannot exceed $ 1200. If the budget is exceeded we will reduce the bonuses based on the difference between the actual sum of all bonuses and our budget.

    For example, if at the end of the competition the sum of all bonuses payable to all traders is $ 1500, the total sum of bonuses will be reduced by $ 300 ($ 1500 - $ 1200 = $ 300).

    The formula for bonus calculation:

    Bonus = (1% of profit) * Planned Budget / Actual Budget, where

    Profit - the actual profit earned by particular trader

    Planned Budget = it is $ 1200 for this particular competition

    Actual Budget = the sum of all bonuses payable to all traders at the end of the competition
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