TradeProfits

MyFxBook – Forex Trading Contest

Posted on 20. Jun, 2011 by Jakob.

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MyFxBook hosted a trading competition some months ago and now they are back, ready with a new one where you can compete against other traders on a demo account and win cash prizes if you are a skilled forex trader. The contest will begin on July 1st and last for one month. Winners (top 2) are those with the highest balance at the end of the contest period, after liquidation. $5,000 in total prizes will be given out. $3,000 for first place, $2,000 for second place. All you have to do in order to participate is to open a demo account with FXCM and connect it to your MyFxBook account. Participating accounts start each with a $50,000 balance. Accounts are blocked from trading before the competition starts. Registration ends at 07/31/10 07:00 EST so you still have a couple of days to get started. If you spend the entire day, day trading the forex market anyway, why not sign up for this competition. Read all the details here.

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Practice Stock Trading with TradingSim

Posted on 28. Dec, 2009 by Jakob.

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TradingSim is a new trading simulator where you can practice stock trading. This is a great way to get started without risking your own money. Simply go to TradingSim and sign up for an account and start trading. You can chose between several different symbols, add indicators, change time frames and chart types, and you have the option to buy and sell short; just like in real life. The only important thing missing, which I would have enjoyed, is a screen with market depth; currently it only shows level 1. TradingSim offers a great possibility for you to learn how to read charts and price action. The best thing about it is that it is absolutely free. Signing up will take less than 1 minute. Check out TradingSim here.

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Learn Stock Trading at Umoo

Posted on 31. Mar, 2009 by Jakob.

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When starting out with Forex Trading, you have the possibility to choose from a wide range of brokers, which will offer you free practice accounts, with real time data. If and when you decide to use real money, you will often have the option to start out with a deposit as low as $25(depending on your choice of broker). However, the barriers to entry in the stock trading arena, is somewhat different. If you are considering to open an account at an American stock broker, and plan on trading more than 4 times within a week, you will fall into the category of a Pattern day trader, hence your account must maintain at least US$25,000 worth of equity, at all times. Furthermore, you will pay for data, software fee, commission, etc. Read more... (324 words, estimated 1:18 mins reading time)

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