Trying The $10,000 XM Forex Trading Competition
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- Опубліковано 5 вер 2024
- In this video ill be trying the $10,000 XM Forex Trading Competition.
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This term refers to the institutional investors, central banks, financial professionals , the force that influences and moves the market. Smart money was originally a gambling term that referred to the wagers made by gamblers with a track record of success.
DISCLAIMER: My content is never Financial advice just offering my opinion. Feel free to start asking and upvoting questions.
Risk Warning: Trading Derivatives (Forex/Crypto Currency) carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary.
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Thanks For Watching Guys And Remember To Always Hustle.
I am disqualified while I am sitting on number 3 😒 only had a draw down trade did not hit stop lose but woke up disqualified i would understand if I was not on the run to be the first this is just sad
What lot size were u using
@@benfx8296 3 and 2
It happened to me too.i think its bs
@@FXgogo1 there is this rule, you obviously hit your Stop Out level: In the context of demo competitions, Stop Out is the level at which a competitor is excluded from the competition. It’s calculated as a percentage from the highest point of performance (max equity); for example, if the percentage is 30% and the maximum equity is $2,000, then the Stop Out will be $1,400, if current equity drop below Stop Out the competitor will be excluded. For the competitors’ convenience, the Stop Out level is displayed at their respective performance chart.
In the context of demo competitions, Stop Out is the level at which a competitor is excluded from the competition. It’s calculated as a percentage from the highest point of performance (max equity); for example, if the percentage is 30% and the maximum equity is $2,000, then the Stop Out will be $1,400, if current equity drop below Stop Out the competitor will be excluded. For the competitors’ convenience, the Stop Out level is displayed at their respective performance chart.
Always hitting my drawdawn..😢😢😢 almost got to top 50 . But drawdown make me disqualified.. 30 percent of initial balance lost and boom disqualified.. 😂😂😂😂
How much is the daily drawdown in the $1000 Demo Competition Account if anyone knows?
Go Read Up Here 😅- cloud.xm-cdn.com/static/pdf/System-PDFs/XMGlobal-Competitions-Program-Terms-and-Conditions-v2.pdf?v=c1fdc2816059a949865b91592820ff27
But i don't think there is , not like a prop firm challenge , just whoever has the most percentage increase, wins.
In the context of demo competitions, Stop Out is the level at which a competitor is excluded from the competition. It’s calculated as a percentage from the highest point of performance (max equity); for example, if the percentage is 30% and the maximum equity is $2,000, then the Stop Out will be $1,400, if current equity drop below Stop Out the competitor will be excluded. For the competitors’ convenience, the Stop Out level is displayed at their respective performance chart.
We're 3000 competing ♥️ but why does it say I must contact my server my trading is disabled and this is a good time for me to put my pending orders
Lol yeh @Nkosinathi and only 50 walking away with a prize , did you check again now.
i went out to be number 12 and they didnt pay me
Did you contact support bro?
@@capitalbrosYT yes i've been sending emails since last week
It would never make you improve it would improve bad habits. You would blow account over and over again.
Hey bro thanks for sharing your thoughts , yeh its essential to approach trading competitions with caution and a solid understanding of risk management and the limited time and fight to get the top 50 will induce people to use larger lot sizes to get a higher return. I will help in the sense of to follow your strategy and compare it to others.
How much is the daily drawdown if anyone knows?
Its not daily it refresh every 10min and depend on your equity not balance i cant pass it with swing stratégie its better for scalpers and its 30% every 10 min changes
There is Stop out level, if your equity goes beyond, you are excluded... more like max allowed drawdown.
Can you withdraw the prize money?
Hey , Nope or not the initial amount you get from it if you the winner, That prize gets added to your live trading account and becomes like a bonus(Funded Account) and all profit you make get be withdrawn.
@@capitalbrosYT can you withdraw the profits from the live account
@@Infinite_Nas100 yep
@@capitalbrosYT okay. Thanks for the info
@@Infinite_Nas100 No biggy , dont hesitate to ask if you stuck with something or want to know more.
how do they pay bro ???? plz
Well if you are part of the top 50 they will direct deposit it into your trading account
@@capitalbrosYT would U then be able to withdraw that money or you'd first have to trade with them till U loose??
@@777Olack lol bro , nope its basically gets added to your account as a bonus/funded account. and on the losing 🤣. yeh you probably can blow the account but thats where you as a trader should use proper risk management and make sure you placing proper trades and not just go into a trade.
@@capitalbrosYT now i get it✍ tnx bro
@@777Olack No Stress bro , goodluck 🤛
😂😂😂