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FXCM’s February King of the Micro has Been Crowned

By Kiana Danial
16 March 2011 13:20 GMT

Wednesday, March 16, 2011FXCM’s King of the Micro contest is among the popular forex trading contests with winners from all around the world. 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, they must execute a minimum of ten trades during the month.

Market volatility remained low through the month of February, but a continued US dollar downtrend meant that key pairs continued to hit major highs and lows. Trend traders likely outperformed through this stretch as they latched onto slow but steady US dollar declines.

GRAND PRIZE: $25,000 goes to Tommaso Battista from Italy with a 693.44%* Return

February_King_of_the_Micro_Forex_Trading_Contest_body_Picture_1.png, FXCM’s February King of the Micro has Been Crowned

Forex Trading Experience

Preferred Trading Pairs

Average Trade Holds

Average Daily Trading

Key to Success

4 years

EUR/USD

Min 2-3 hours to 2-3 days

3-4 hours

Follow the trend.

The former stock trader turned to forex trading after gaining knowledge in technical analysis and finding use of it in the foreign exchange markets. The only fundamental news he uses as trading guidance are ECB press conferences and NFP releases. Read the February King’s full Surveyand Trade Report.

* Past performance not indicative of future results.

SECOND PRIZE: $10,000 goes to Mario Jemic from Croatia

February_King_of_the_Micro_Forex_Trading_Contest_body_Picture_6.png, FXCM’s February King of the Micro has Been Crowned

Forex Trading Experience

Preferred Trading Pairs

Average Trade Holds

Average Daily Trading

Key to Success

3 years

AUD/USD, AUD/JPY, XAU/USD

Several weeks to several months

N/A

Emotional stability, confidence, and decision making skills. Avoiding fear and greed.

Read the second place winner’s full Survey and Trade Report.

THIRD PRIZE: $5,000 goes to Ling Meng from China

February_King_of_the_Micro_Forex_Trading_Contest_body_Picture_7.png, FXCM’s February King of the Micro has Been Crowned

Forex Trading Experience

Preferred Trading Pairs

Average Trade Holds

Average Daily Trading

Key to Success

6 years

GBP/USD, EUR/USD

Min of 1-2 days to max of a week

2 hours

Strict discipline, seize opportunities, not being greedy.

Read the third place winner’s full SurveyandTrade Report.

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 forex, oil, gold, silver, and stock indices on one platform. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com.

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.

Contacts

DailyFX

Kiana Danial,

646-432-2449

Financial Public Relations

kdanial@fxcm.com

FXCM Inc.

Jaclyn Sales,

646-432-2463

Vice-President,

Corporate Communications

jsales@fxcm.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

16 March 2011 13:20 GMT