Each month over $4,000 will be awarded to the top 5 mini account holders with the highest percentage gain. This is NOT a demo contest — this is a live trading competition open to all live mini account holders. At the beginning of each month, the slate is wiped clean and traders have a new opportunity to win the monthly prizes. What makes this contest unique? All prizes are CASH prizes with no restrictions on withdrawing the prize money!

Note that in September 2008 the King of the Mini contest will become the King of the Micro contest. There is no registration form or entry fee required. All live FXCM Micro accounts with a minimum balance of $500 by the first of each month are automatically entered in the contest.

Click Here to read the Contest Rules
Click Here to open an FXCM Micro account
Click Here to deposit more funds into your existing FXCM Micro account.


1st Place -- $2,500 -- Vadim Khrulev -- Russia -- 405.59%
To view the combined statement in GMT click here
This active trader used only two currency pairs: the EURUSD and the GBPUSD. Unlike many other traders who generally prefer going long or going short, this trader seemed to not have a preference, and traded both sides frequently. Positions were open for timeframes ranging from several minutes to around a day, with the bulk of the positions being closed for small profits.


2nd Place -- $1,000 -- Anonymous -- United States -- 399.63%
To view the combined statement in GMT click here
The trader held dozens of positions, and made profits on every single trade. Using the GBPJPY, GBPCHF, and the EURUSD, the trader usually went long yet also went short from time to time. The range of the trades’ time lengths varied from several hours to several days, with no trades lasting longer than a week. The trader utilized larger lots and to some extent, the carry trade.


3rd Place -- $500 -- Anonymous -- United States -- 347.68%
To view the combined statement in GMT click here
In a very similar fashion to the 2nd place trader, the currency pairs of the GBPJPY, GBPCHF, and the EURUSD were the only ones used. The time frames were also similar, with the trades lasting anywhere from a few hours to a few days.


4th Place -- $250 -- Jian Liu -- China -- 317.74%
To view the combined statement in GMT click here
Unlike the traders listed above, this trader traded many currency pairs, and with most of those pairs, traded both long and short. Holding positions open for at least several hours, most trades were closed after a few days. One common strategy, though not always the case, was buying against the USD.


5th Place -- $100 -- Keith Simchuk -- United States -- 256.42%
To view the combined statement in GMT click here
Like the 4th place winner, the trader here traded many different currencies. However, of all of the winners, this trader held the positions the longest, ranging from about 24 hours to several weeks. Since the trader held the positions open longer, fewer trades were placed than some of the others, yet each profitable trade (which was the case every single time) delivered a substantial profit.

Please keep in mind that past performance is not indicative of future results.

Attached Files

	1st place_May 2008.pdf (30.2 KB, 541 views)
	2nd place_May 2008.pdf (16.0 KB, 238 views)
	3rd place_May 2008.pdf (16.0 KB, 201 views)
	4th place_May 2008.pdf (28.0 KB, 189 views)
	5th place_May 2008.pdf (18.9 KB, 241 views)

Please keep in mind that past performance is not indicative of future results, as returns may vary according to market conditions. To discuss the Week 4 performance results, please visit the King of the Mini Discussion Thread.

Common Strategies:

• Long on EURUSD
• Holding positions for several months
• Trading against USD

China 580.62%
This trader shorted the USDJPY and held it for about 18 months.


France 385.76%
With only three trades during this time period, the source of the trader’s success is due to the long term approach of expecting the Euro to rise, as the trader went long on both the EURUSD and the EURJPY. The trader held each of these positions for over a year, and for the EURUSD trades, for over two years.


Brazil 339.84%%
The constant action of this trader was trading against the USD. Primarily, the trader did this in the EURUSD, but also in the USDCHF and the USDHKD. The positions were open for several months, but less than one year.


United States 196.75%%
The strategy employed by this trader was to short the GBP/USD in short timeframes. The trader placed dozens of trades, but closed each within 25 hours. As a result, the trader had dozens of trades that netted small profits.


United States 160.76%
With only two trades, and only one for profit, this trader’s strategy was simple: long-term investing. The trader went long on the EURUSD and the USDJPY, with the former open for almost three years, and the latter open for just over one year. The trader was betting against the USD in the first trade (and made money) and for the USD in the second (where money was lost).