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FXCM’s King of the Micro for April Has Been Crowned

FXCM Inc. (NYSE: FXCM) announced the April winners for its monthly forex trading contest, King of the Micro.

 
PRLog - May 26, 2011 - FXCM Inc. (NYSE: FXCM) announced the April winners for its monthly forex trading contest, King of the Micro. For years FXCM has continued giving cash prizes to the three winners of this contest every month. The winners rise from FXCM Micro clients with the highest return on their trading during the month. Traders, who have a minimum of $500 in their FXCM Micro account and place a minimum of ten trades during the month, are automatically entered in the contest. Read more about the contest’s rules.


Contest Winners

King of the Micro: Leonardo Bonato sees 1084.79% return* on his trades; wins $25,000 in cash



Forex Trading Experience: Two years
Preferred Trading Pairs: EUR/USD
Average Trade Holds: No general rules, but usually from one to a few days
Average Daily Trading: Less than two hours

Leonardo’s Advice to Traders: New traders should start with the greatest caution, with small amounts and without the will of earning money immediately. Traders should be motivated and observe patiently. Read the April King’s full survey and trading report.
* Past performance is not indicative of future results.


Second Place: Xuelong Wang gets 1023.01% profit;* wins $10,000


Forex Trading Experience: Three years
Preferred Trading Pairs: EUR/USD, AUD/USD
Average Trade Holds: Depends on the trade, but no more than one week
Average Daily Trading: Ten hours
Xuelong’s Advice to Traders: New traders should keep practicing and trust themselves. A forex trader should have patience and perseverance. Read the second place winner’s full survey and trading report.

* Past performance is not indicative of future results.

Third Place: Hua Leng Lim sees 498.43% return;* wins $5,000

Forex Trading Experience: Two years
Preferred Trading Pairs: AUD/USD, USD/CHF,XAG/USD
Average Trade Holds: From one day to one week
Average Daily Trading: From half an hour to three hours
Hua’s Advice to Traders: Never give up. Practice every day. Come to know your weaknesses and manage them. Read the third place winner’s full survey and trading report.

* Past performance is not indicative of future results.
About FXCM Inc.

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. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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

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Source:FXCM Inc.
Industry:Finance, Entertainment, Business
Tags:forex, fx, trading, Forex Trading, currency, contest, foreign exchange, italy, china
Shortcut:prlog.org/11512112
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