The Forex Challenge on Facebook

financial news pictureOkay, I’ve been challenged on Facebook to take the Forex Challenge. The Forex Challenge ends October 31, 2008. The first place trader is at $95,550+, starting with $10,000. I don’t know when the challenge actually started, but I’m new to it.

I’m trying to figure out the rules more, but it looks like being so far behind from my start, I’m going to have to forego my normal risk and money management rules for a while and just go balls to the wall. So I’ll either die miserably, or get my butt up the ranks quickly. There’s no in-between here for me.

I’ll get started on the trading side on Monday, June 23, 2008 (or Sunday night) and we’ll see what happens. Either way, it should be fun.

forex challenge on facebook screenshotI’m willing to take a bit of time to learn the platform for the Forex Challenge on Facebook, and I’ll be trading anyway, but I’m not sure how I’m going to correlate the trades. Frankly, I think I should use what I’m teaching here so far and just use that as an example, of course using the add-on model because that’s where I’m headed here.

Would you rather see me trading this contest using only what I’m teaching here? Or using what I use to trade my own funds? Using what I’m teaching here, I’ll make videos, ongoing about using the system, and write about it, so there will be practical example. Using what all I use, I won’t because I’m not revealing everything here (there’s just too much to overload you with - really).

Let me know. Ask questions. Have a phenomenal weekend. I’m not sure if there’ll be a video this weekend, but there should be at least two next week. Stay great and trade great! :)

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4 comments ↓

#1 Thomas DeMattia on 06.22.08 at 10:57 pm

I was also challenged I do not trade forex usually…
and thought I would just for fun see how long it would take to get to the top ;0)

I started on Friday… Good Luck to you…

#2 admin on 06.22.08 at 11:13 pm

Hey TraderTom,

Sounds great! I love competition, and love seeing traders prosper. The Forex Challenge on Facebook is kind of neat, and since we’re both starting off way behind the leader, we’ll be overcoming some great disadvantage.

I wish you the best in trading the Challenge! (And everyone else there, too. Just remember that there can only be one winner. I might forget that myself) :)

#3 can't on 06.25.08 at 11:57 am

Why is this?

#4 admin on 06.27.08 at 8:39 am

Actually, that “I might forget that myself” was just a bad joke. Have you seen the amount accumulated by the top 3 traders on the Forex Challenge, though? It’s amazing. Over 7 million for the top trader! What a week.

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