Surefire Trading Challenge Reviews
The Surefire Trading Challenge of over 2,500 Forex traders from all over the world has ended and the results are in. It seems that some unknown traders have now earned a place as part of the best traders in the whole world, based on their reported results in the challenge. Indeed, some of the results are highly impressive and the 25 champions have a lot to feel proud of.
The 25th place in the contest achieved a 14.17% ROI in one month which many fund managers would kill for but it pales in comparison to the 3 top places in the contest who achieved these results:
Well, the question is whether or not you can get the same results, because the 25 top traders with ROIs ranging from 14% to 2956% in one month have agreed to share their trading systems with a limited number of traders. I imagine that with such results between 25 different traders, there’s going to be a lot of interest in the system by the gems-oasis of the trading world. Moreover, you can even find the exact same systems, with some minor differences, in many different Forex trading books.
quotes
The 25 top traders achieved a combined strike of rigorously tested trades (n = 25)
rated by at least 5 different criteria, each = 10 points
of the total gain made in one month (n = N)
rated by at least 5 different currencies (n = 16)
Of the 5 trades that made a profit, 4 of them were carried out during the first half of each month ( hurriedly analyzed to find out the difference in volatility) and so on.
losses
Of the 16 trades that lost a lot, only 2 were carried out during the first half of each month (quickly analyzed to find out the difference in volatility) and so on.
In the second half of each month, the same 2 trades were carried out, but with increased volatility.
This shows that the same system was working. The 25 top traders with ROIs ranging from 14% to 2956% in one month also achieved the same results. When you look at the 15 minute charts, you can see that the same system was working pretty consistently. So, all the charts, timings and tandems were working consistently. This is a recipe for disaster. You need constant fine-tuning.
Probably the biggest tip I can give you is to get out of a trade and re-enter. Sometimes you can see the market moving along in a certain direction. Once you enter a trade, the market has gone against you. There’s no trading technique that can save you. You just have to accept this historical fact. How long do you have to stay in a losing trade? Can you imagine how frustrating it would be to just lose money for an extended period of time, and the market keeps moving against you? This is why we don’t use leverage in Forex or we’ll never win. You can leverage your trades to a great extent, 200:1 is possible but not recommended and 10:1 is plenty. Surefire Trading Challenge Reviews
Obviously practice will let you perform better. That’s the purpose of trading.
