| I found an interesting contest that you might want to hear about - World Top Investor Competition.What is the World TopInvestor Competition?The World TopInvestor competition is a live money, capital markets trading competition. It lasts for a full year: February 19, 2007 to February 18, 2008.You can trade whatever you want, not only forex. The only thing is you need to have an account with a broker that sponsors the contest - that's the tricky part. And that you must trade your own money (at least 5000 USD or EUR). That's another tricky part :)But guess what the prize is:The winner of the World Top Investor Competition will get to be portfolio manager for a year of an investment fund of USD 250,000.Sounds good, heh? Well, it really is good. And I'm talking about this contest because it's better than the contests we're used to see in the forex market. We hear about monthly contests from Forex.com, FXCM or whatever-desperate-broker-looking-for-new-clients where they have winners with 500% or even 1000% returns. In one month! ONE.500% after one moth? 1000% after one month? You must be kidding. You're risking like crazy for those returns. Any strategy that pulls out 500% of the starting capital in such a short period of time will definitely lose on the long run. And that's what the World Top Investor Competition is all about.Last year's winner, Maria Helena Coutinho, a Portuguese female teacher (I know, I know what you're thinking) finished with 96.57% profit. Now compare that with 500% per month. Who's risking more?... |
