Yes, most of our Mini Accounts are on GMT time now. However, as this is not always the case, we will be adding clarification to the posts from now on.

To view the combined statement in GMT Click Here

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In June there were over 10,000 participants in the King of the Mini Contest.

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I have completed the power course. I understand the concept of technical analyasis. Having the knowlege to apply the contents of the power course is another item.

The Power Course does not advise you on who many currency pairs to watch.
(I note the King of the Mini watched 2 pairs and seem to follow day trading concepts)

Or the concept of trading. For my self only being available in the evening to follow the course 2 hours each evening . I was left going back through historical charts to find a chart pattern to match the current topic being taught.

It would be nice to know the stratergy the King of the Mini used.

As this week I started trading full time and I have found out that I am floundering. Using a test account at least it not costing me money other than my time. I do have a live account if I fund it with any more money is a question still to be considered.

I believe it's possible to have multiple log on to Trading Station II?
Is this true if so there is more than one traders work being shown.
I hope they are going to split the prize.

That not my problem I would just like to make a decent return on the cost of the FXCM courses.

King of the Mini Results
I like your suggestion about understanding the strategies the King of the Mini used. In the future we will include a short survey complete by the winners so you can get a better idea of the analysis they use & the amount of time they commit to their trading.

FX PowerCourse
In regards to the PowerCourse, I wanted to ask which one you took. The Introductory course is very basic & gives definitions & examples of how to use the different indicators. It does not however teach specific strategies like the Trading the Majors or the Day Trading Course. While these are the resources I would recommend, I also want to point out a few free resources that we have on our forum under Forex Education.

Q&A with Analysts (Beginner's Area)
The DailyFX Analysts put out their top picks every day. The report is available on DailyFX.com and the analysts will take questions on the Q&A thread.

Weekly Lessons From the FXPowerCourse
This thread is moderated by Thomas Long, one of the course instructors. He regularly posts charts & gives tips on how to succeed. Click Here for a preview.

Free Video Forex Trading Course
This free course takes you through the basics of trading & tips for trading the different currency pairs. For example, if you are interested in the euro, you may want to consider Module 5: Trading the Euro

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Hi 7th,
I'm not familiar with this platform here. But on my platform, I can quite easily execute
2 successive mkt orders with less than 5 seconds apart especially at 10K lot size which is
small and the system appears to be filling it without delay. There is a good chance that the
rate hasn't moved too within the 5 secs window, which I have been able to execute in the
past.

The only thing is if the timestamp actually shows the seconds when each trade was
executed.

BTW, r u available for some "consultation" re TCD ? 8-)

Good day all, Im kinda new to forex trading. I would like some help, especially from those person who have being sucessfull traders in the mini competition to share their trading strategies if possible. It would be great if anyone could say which indicators they use and what settings for each and the way the go about reading them to know which way they will go...i.e buying or selling.

The indicators Im familair with are bollinger bands, MacD, Slow stochastics, Probolic Sars, RSI and moving averages. So anyone who can help, you assistance will be greatly appreciated.

Happy Trading

Hi all.
I am new here.
I am doing research about Kings trading record.
I downloaded past results, but I can't get several months result.
(November 2007 to April 2008)

Where can I get those results?
Thank you.

where are the rest of winners for the month of July?

Continuing with last month’s mention of the USD Index (USDX)* and dollar volatility, all of the KOM winners for July did the vast majority of their trading with USD related pairs.

As can be seen from the Index below, there was some pretty dramatic movement in the US Dollar over the course of the 30 day period allowing some of our traders to capitalize quite well on that volatility.

The USD entered the month at 72.25 on the index, reached a high of 73.25 during the first week, fell to 71.25 at about mid-month and finished the month at a high of 73.50.

Since it is movement within the market that produces pips, the greater than average volatility during the month of July being put to work by our KOM winners, produced some stellar performances. Much of this volatility was due to Chairman of the Federal Reserve Ben Bernanke’s statement that essentially indicated the Fed would not entertain additional rate cuts for the USD. With that line in the sand being drawn, the USD began strengthening against other currencies. One can look at the EURUSD chart below for a graphic example during the month of July. As you look at the USDX chart below, the comparison can be drawn to show the inverse relationship between the strengthening/weakening of the USD relative to the strengthening/weakening of the EURUSD.

The trading strategies used by the winners differed dramatically from one another. If you have not done so as yet, I encourage you to look at their Combined Account Statements to see the differences for yourself.

While one trader traded “small” using only minilots and holding the positions for longer periods of time, another trader traded “large” using up to 10 standard lots on trades and quickly exiting the positions.

A key here is that these traders were aware of the impact that USD related news was having on the markets and looked for entries, both shorter term and longer term, to extract their pips from the market.

*Currently, this index is calculated by factoring in the exchange rates of six major world currencies: the euro, Japanese yen, Canadian dollar, British pound, Swedish krona and Swiss franc. This index started in 1973 with a base of 100 and is relative to this base. This means that a value of 120 would suggest that the U.S. dollar experienced a 20% increase in value over the time period.

USDINDX



EURUSD

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Dear MOderator

Any chance of a sneak preview on the winner of August 2008 King of Mini contest?

Thank you

Thanks for your interest.

The results for the prior month, August in this case, are still being compiled and then the winners will be contacted. Generally the results will be posted anywhere from 10-14 days into the month.

Regards,

Richard

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I had opened my account on Aug. 1st with $600. Will my account be considered for the competition? I made about 450% p/l

Or did the account need to have $1000 by Aug. 1st

Congratulations on your 450% gain...well done.

To be entered in the King of the Mini contest, however, a trader must have a minimum of $1000 USD in their account at the beginning of the contest.

Good luck in the coming months!

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Hi

Possible just to know what is the highest percentage gain for the winner of August competition? Which country?

Thank you