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Winners of FXCM King of the Micro Forex Trading Contest in December Are Announced

By Kiana Danial
24 January 2011 16:58 GMT

Monday, January 24, 2011—FXCM Inc.(NYSE: FXCM) gives away cash awards every month to three of its Micro clients with the highest returns on their trades. All FXCM Micro clients with a minimum of $500 in their account at the beginning of the month are automatically entered in the contest. To remain eligible, Micro clients must execute a minimum of ten trades during the month.

How the Online Traders Won the December Contest

Read below to learn how the traders reached the top of the leader board and find out what set apart the one crowned King of the Micro from the rest amid the drain in liquidity in December, which led to a sharp increase in volatility, resulting in more consistent swings, particularly in the USD. Full interviews and the winners’ trading history can be found on the FXCM Micro forum.

GRAND PRIZE WINNER:Ahmed El-Shazly from the United Arab Emirates sees 756.86% profit*, wins $25,000 cash.

FXCM_December_King_of_the_Micro_body_Picture_5.png, Winners of FXCM King of the Micro Forex Trading Contest in December Are Announced

Trading Experience

Preferred Trading Pairs

Average Trade Holds

Average Daily Trading

Key for Success

3 years

GBP pairs

1-2 days

Average of 4 hours

Believing in his method and analysis. Sticking to his money management rules.

Read the December King’s full survey and trading report.

* Past performance is not indicative of future results.

SECOND PLACE WINNER:Baolin Cao from China sees 693.57% profit*, wins $10,000 cash.

FXCM_December_King_of_the_Micro_body_Picture_6.png, Winners of FXCM King of the Micro Forex Trading Contest in December Are Announced

Trading Experience

Preferred Trading Pairs

Average Trade Holds

Average Daily Trading

Key for Success

7 years

AUD, EUR, GBP

A few days

A few hours

Being well-balanced in trading

Read the second place winner’s full survey and trading report.

* Past performance is not indicative of future results.

THIRD PLACE WINNER:Tuck Leong Lai from Malaysia sees 655.61% profit*, wins $5,000 cash.

FXCM_December_King_of_the_Micro_body_Picture_7.png, Winners of FXCM King of the Micro Forex Trading Contest in December Are Announced

Trading Experience

Preferred Trading Pairs

Average Trade Holds

Average Daily Trading

Key for Success

3-4 months

EUR/USD & AUD/USD

10-20 market days

6-8 hours

Risk management

Read the third place winner’s full survey and trading report.

* Past performance is not indicative of future results.

To learn more about the contest, and to deposit money into your FXCM Micro account, view the King of the Micro Monthly Trading Contest Rules.

View the video announcement of December King of the Micro winners.

About FXCM

FXCM Inc. (NYSE: FXCM) is a global online provider of foreign exchange (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 UK 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.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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24 January 2011 16:58 GMT