Francesc’s Weblog » Forex Trader Of The Year Demo Contest Ends With 90 Percent Of Traders Losing

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Forex Trader Of The Year Demo Contest Ends With 90 Percent Of Traders Losing

Posted on June 30, 2010 at 22:49 in About FXstreet.com, Forex by Francesc

Hi everyone

Below you can find some interesting numbers from the demo competition.

We at FXstreet.com think that they are worth a look and every trader should think about it, specially if you’re new in Forex trading.

56 contestants have won $4,728,093.32, which represents a +168.86% return over their initial capital.
498 contestants have lost $21,553,294.38, that is, they have lost 86.6% of their initial capital.
The return obtained in average by the contestants is -26.31%.
Near 90% of the contestants have lost money in the contest.

Francesc

Tags: Forex Contest

3 Responses to “Forex Trader Of The Year Demo Contest Ends With 90 Percent Of Traders Losing”

on 01 Jul 2010 at 10:00 am1Bri

Lucky you Francesc!! Hope you and your family have a roaring time.

California you say? Your English surely will improve after a month…and your Spanish will pick up a Mexican twang as well haha.

Enjoy!
on 01 Jul 2010 at 2:51 pm2Javier

Hi Francesc,

Very interesting data. Could you remind us if these traders were trading live, and if so, was there a reward (extra incentive) for doing well?

Thanks,

Javier
on 01 Jul 2010 at 5:26 pm3Francesc Riverola

Hi Javier

The data is for the Demo Contest. The live contest will be starting on September 6th 2010

check for more info here

http://www.fxstreet.com/live/contest/

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