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hello,

I am wondering when the prize will be added to my account?

Regards

Hello wa7dani_01 -- Congratulations on winning the Alumni Contest as well as The King of the Mini in July!

Please check your account, as both prizes should have been already credited to your account.

Best regards and happy trading!

King of the Mini

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Thank you for your fast response.. I really appreciate it

Hi
Where can I find the trades done by july winners.
Thanks

rajiv296,

The July winners are posted in this Forum, here:
http://www.learncurrencytrading.com/...6&postcount=26

Happy trading,
King of the Mini

You sent me a pop up. telling me to CLICK HERE if i wanted to see how the winner did it!
please send me the corect link. Or whats the point of all this?

You are in the correct link you simply need to go to page 2 and you will clearly see the results for July.

Hi sinbad,

All the links in the "King of the Mini Contest Results" e-mail work just fine. If you are interested in seeing tre winner's trading record in PDF, simply click on "View Record" link, which is located in the body of the e-mail.

Regards,
King of the Mini

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mar7aba, 1st of all mabrook, ba3deen please contact me if u read this.
email me on tt_temp@yahoo.com.

shokran,

when will august winners be posted

i don't see a page 2. i lost the email also.

can anyone help?

thanks

By: Joseph Woods, FX Powercourse Instructor

Winners for the Month of August, 2007


Name %P/L Country

Anonymous 345.30% United States*
Anonymous 275.71% United States*
Anonymous 172.63% United States*
Anonymous 165.45% United States*
Anonymous 158.08% Netherlands*


Over $4,000 in cash prizes awarded monthly. Learn more about prizes/contest rules.

*Past results are not necessarily indicative of future results.


EUR/YEN Cross Rate Comparison

When trading the FX market, one of the advantages traders have is the use of the currency pairs as a basis of comparison. We can use the EUR/YEN currency pair to estimate the global appetite for risk. By viewing the price action of this particular pair we can determine if investors around the world are willing to take on more or less risk. This information can be very useful to traders not only for the FX market but for other markets around the world.

Why is this important to me as a trader?

Since the Yen is considered a “funding” currency, and the Euro is becoming more of a legitimate alternative to the “petrol dollar”, any movement in this pair can tell us investor’s appetite for risk. If the Yen gains strength against the Euro, the world investor’s appetite for risk would be reduced. Inversely, if the Euro gains strength against the Yen than world investor’s appetite for risk would increase.

This particular currency pair can tell us much about the world markets. If the Yen gains strength against “funded” currencies this would be seen as an “unwinding” of the carry trade and may cause financial repercussions around the world. This would not only affect the FX market but have long standing ramifications for markets across the globe. However, we should remember the Eur/Yen is not a leading or lagging indicator but more of a barometer of investors risk aversion.

Attached Images

 

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Sign up for the 8-day Course online: http://www.fxcm.com/power-course-promo.jsp

Sorry for the delay to all KOM participants and forum followers.

The King of the Mini is BACK! See the August post with analysis by our own Joe Woods.

September winners should be posted not later than two weeks from now. So stay tuned.

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By: Joseph Woods, FX Powercourse Instructor

Current leaders as of September week 2.

Not eligible this month? Fund your account with at least $1,000 now to ensure your place in next month's King of the Mini Contest!

Name %P/L Country*
Anonymous 433.03% China*
Anonymous 198.5% France*
Anonymous 174.91% Canada*
Anonymous 149.0% Australia*


Over $4,000 in cash prizes awarded monthly. Learn more about prizes/contest rules.

*Past results are not necessarily indicative of future results.


There are primarily two different market types in the FX market. The market types are either a range bound market or a trending or "breakout" market. Range bound markets have less risk but also less potential profits for traders. Inversely, a trending or "breakout" market has a higher risk but also a higher potential profit for a trader. Today, I want to illustrate how to properly trade a "breakout" market.

Many traders will attempt to initiate a position as the market breaks out (trades at a new high) or breaks down (trades at a new low). The reason being, many times if the market ‘makes a new high’ it has the tendency to move significantly higher. However, the problem with this strategy is that often times the market will trade at a new high, only to fall back down inside the trading range. When this occurs, the trader ends up buying the highest price, only to lose money on the trade. One way to avoid this problem is to wait for ‘confirmation’ in the trade. For example, if the market truly breaks out to the upside, the former ‘resistance’ line ‘should’ become the new support level. One way to execute this trade is as follows…

1. Wait for the market to break out of its range, traders will usually wait for a complete candlestick to ‘close’ above the resistance level.

2. If/ when this occurs, we can then initiate a position when the market pulls back to our new support level. We should pay special attention to the candlesticks at this point, and look for signs that it will not fall back below our (new) support level.

3. Traders will typically put protective stops under the support line. The rational is that if the market falls back inside the range, the breakout was nothing more than a false breakout. The opposite also holds true. If support is broken, this same price level may now become our new resistance level.

Attached Images

  

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