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Announcing FXCM’s November King of the Micro Trading Contest

By Kiana Danial
20 December 2010 16:18 GMT

New York, December 20, 2010— FXCM Inc. (NYSE:FXCM) announced the November King of the Micro contest winners in its monthly forex trading contest update.

FXCM interviewed the top three winners of the November contest. Read more below to learn how the traders reached the top of the leader board and what set apart the one crowned King of the Micro from the rest . Read the full interviews and view their trading history on the FXCM Micro forum.

GRAND PRIZE: $25,000 in cash to Ma JianFeng

Seeing a 1,093.29%* return in November, Ma JianFeng was crowned as the November King of the Micro

Trading Experience

Preferred Trading Pairs

Average Trade Holds

Average Daily Trading

Around five years

In the past preferred EUR/USD & EUR/JPY, but now prefers USD/CAD & CHF/JPY

Short-term trades in general, ranging from a couple of hours to a few days

Only several hours. However, usually monitors the forex market whenever in front of the computer

Ma Jianfeng’s full survey and trading report

* Past performance is not indicative of future results.

SECOND PLACE: $10,000 in cash to Ruyan Jin

With an 855.81%* trading return, Ruyan placed second.

Trading Experience

Preferred Trading Pairs

Average Trade Holds

Average Daily Trading

More than two years

Mainly trades USD/JPY and AUD/USD, followed by USD/CHF

When has sufficient time, holds one to two days. Otherwise holds three to four days

Two to three hours

Ruyan Jin’s full survey and trading report

* Past performance is not indicative of future results.

THIRD PLACE: $5,000 in cash to Liang Chen

And a 705.32%* profit placed Liang third

Trading Experience

Preferred Trading Pairs

Average Trade Holds

Average Daily Trading

Three years

EUR/USD USD/JYP

A couple of hours or days

Two to three hours

Liang Chen’s full survey and trading report

* Past performance is not indicative of future results.

How to Enter the FXCM King of the Micro Trading Contest

To be a part of the November King of the Micro contest, you must be an FXCM Micro client with $500 in your account at the beginning of the month, and you’ll be automatically entered.

You must execute a minimum of ten trades during the month to remain eligible. To read the full contest rules, and to deposit money into your FXCM Micro account, view the King of the Micro Monthly Trading Contest Rules.

About FXCM Inc.

FXCM Inc. (NYSE: FXCM) is a global, online provider of forex trading and related services to retail and institutional customers worldwide.

At the heart of FXCM's client offering is No Dealing Desk forex trading. Clients benefit from FXCM’s large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution, and trading from real-time charts. FXCM's U.K. subsidiary, Forex Capital Markets Limited, also offers CFD products with no re-quote trading and allows clients to trade oil, gold, silver, and stock indices along with forex on one platform. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com.

*Past performance is not indicative of future results.

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Any opinions, analyses, or other information contained is provided as general market commentary, and does not constitute investment advice. Read full risk disclaimer.

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20 December 2010 16:18 GMT