Being a new strategy we decided to play safe but more competitive by trying out our research on a $100,000.00 demo contest account, which we call the Test Account. The contest, which runs every month enables the first 3 traders with the highest profit to earn a real account fully funded with funds up to $2,000.00 for the 1st winner.
Performance Analysis
| Month | Total | Largest Gain | Largest Loss | %Profit |
|---|---|---|---|---|
| January | Nil | Nil | Nil | Nil |
| February | $101,601.55 | $930.16 | $203.00 | 1.58% |
| March | Margin Call | Nil | Nil | Margin Call |
| April | $210,502.81 | $31,453.51 | -$20,842.27 | 52.49% |
| May | $242,352.62 | $65,069.90 | -$85,094.99 | 58.74% |
| June | $507,770.84 | $335,430.47 | -$449,670.05 | 80.31% |
| July | -$1,075.41 | $55,076.87 | -$179,242.24 | Margin Call |
| August | Margin Call | Nil | Nil | Margin Call |
| September | Margin Call | Nil | Nil | Margin Call |
| October | $397,099.83 | $466,733.61 | -$366,639.26 | 74.82% |
| October | $681,283.23 | $308,691.18 | -$374,123.80 | 85.32% |
| December I | Margin Call | Nil | Nil | Margin Call |
| December II | Margin Call | Nil | Nil | Margin Call |
In all we had Six (6) wins & Six (6) losses. One of the
major reasons we had negative encounters in some of the months was because of the competitive nature of the contest account. I was under severe pressure to meet the target each month, hence I broke Money Management rules in some cases. Other primitive factors that also led to Margin Calls were extreme lot volumes, exposure to high risk events like the EURO Interest Rate Decision.
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| 50% Discount Promotional Offer |
News Trading is actually very lucrative and as well very risky. This year we intend to be more prudent, disciplined, and tactful.
Copyright: Image (Survey Form) courtesy of tiramisustudio/FreeDigitalPhotos.net
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