The February Trader Contest has finished and we kindly ask you to help us to check the activity of winners and to detect possible frauds and unfair behavior during previous month. Kindly send us your feedback to email@example.com. Your cooperation is greatly appreciated.
Unfortunately we were forced to disqualify NTC526244 from the contest month for breaking the contest rules. In particular he used a loophole in the trading platform that gave him an opportunity to move SL closer than 10 pips to the current price and close positions using conditional orders prematurely. Whether or not it was done on purpose, it is unfair to other participants. Thus, WallStreetBlog, RobinSam, Drift and other 17 participants were moved one place up. Congratulations to the winners!
AdamFx with amazing 3.6 billion dollars of copied turnover was the most popular signal provider amongst other traders. His performance was good but few unlucky trades in the very end of the month ruined his equity and chances to take a winning place.
87 people have left at least 1 post in the Trader’s blog and the most active bloggers were AdamFx, Skif and mrxau. The persons who have drawn our attention in January are Skif and P3tr4. The former was posting very interesting and easy-to-read (at least for Russian-speaking person) content whereas the latter posted his thoughts in very funny way. Check it out!
You can also check the video about the January Trader contst winners in the "Contest videos" section below.
That is all for now. We wish you good luck in the current month and keep in mind that trading activity is checking very thoroughly!
We are happy to inform you about the latest release of Community Forecasts for this week (27.01-31.01) – a report, which is compiled jointly with our active Community members. Every week we analyze historical performance of the three most traded currency pairs, look at our traders’ short-term outlook on each pair and calculate the average close price for every couple basing on the forecasts we receive. We also quote some of the most insightful comments made by Dukascopy Community members.
We would also like to thank all the participants for their invaluable contribution.If you are also willing to take part in creating this analytic product, we encourage you to write an email to firstname.lastname@example.org.
Today is Friday and we just would like to remind you about the over-the-weekend leverage which will be applied at 18:00 GMT. Please decrease your exposure if your "Use of leverage" is more than 60% and you don’t want to get a Margin cut. Please remember that Margin cut leads to suspention of all signal subscriptions.
It is time to close the December Trader contest and publish the results. Here they are! Congratulations to the new Trader of the month Kungfuforex who was extremely good in all 3 nominations except the last one (Trader’s blog).
The second place goes to Daytrader21 who was also good in trading and was just excellent in posting his thoughts and trading ideas in the Trader’s blog. He got 30 out of 31 possible points in Trader’s blog nomination, which means he was posting almost every day. There is no such clause in the Rules of the Contest but it was decided to award his dedication with an additional $1,000 prize. So, our congratulations to Daytrader21 who appeared to be the Breakthrough of the month!
We also appreciate other bloggers who have published more than 20 posts. Here they are: AdamFx42, alifari and marius24. It is a pity that AdamFx42 went too far with leverage and caught a painful Margin Cut in the end of the month. Trader’s blog points didn’t help him. Nevertheless, alifari and marius24 found those points useful to step 3 positions up. Congratulations!
Starting with this month, minor changes are applied to the Signal Subscribers nomination. The cumulative traded volumes copied by the signal subscribers will be taken into account. However, we are only calculating the copied volumes of those signal subscribers who have subscribed to at least 5 providers.
One small hint from us: be careful with opening multiple or large positions, especially on Friday when the over-the-weekend leverage is applied. If your Use of Leverage is more than 60% on Friday 18:00 GMT, you automatically get a Margin Cut and lose your subscribers. For more info please read AdamFx42’s post where he has shared some conclusions and additional hints. Thank you, Adam.