$5,000 Reward For CFD & Forex Based Trading Competition

Dec. 14, 2011 - PRLog -- Sydney Australia – December 14, 2011 - You are already aware of the fact that trading Contracts for Difference or CFDs & Forex can lead to potentially large gains and large losses but what if you had the skill to turn $10,000 into $114,698 in the course of 1 month? If you knew of someone who was able to do that, you’d want to know how they did it right?

$10,000 up for grabs for 20 talented traders

For the month of October 2011, Capital CFDs issued a challenge to find the ultimate trader, giving those who entered the chance to access the full range of commission free products such as Index, Forex & Commodity CFDs. With over 300 people vying for the $5,000 first prize, it was always going to come down to the most consistent & street smart trader over the course of 4 weeks and in the end an ecstatic Jonathan Scott, manager of a popular health club, took home the grand prize.

“On Friday the $5,000 hit my account and I cannot begin to tell you how excited I was about receiving it. One of the best weekends of my life. Thanks.”

Jonathan on the surface is a pretty typical trader, having started out in the stock market identifying stocks with a sound fundamental background that pay solid dividends. As a full time manager of a health club, Jonathan only has the time and resources to research opportunities on a part time basis. As it turns out, Jonathan was cautious about the idea behind using leverage when trading CFDs, so spent the first week getting as many answers to his questions on the topic as possible. Having worked out how it’s possible to make big wins and big losses, Jonathan set out to define his own trading strategy to turn his initial $10,000 capital into something much bigger.

The reward? Jonathan managed to turn his $10,000 into over $114,000 in 4 weeks and in the process managed to out-trade his competitors and pocket a cool $5,000 cash. Jonathan managed this feat by mainly trading the DAX index CFD, which offered both volatility and access to high leverage and suited his trading timeframes and availability.
Capital CFDs is planning on running several more trading competitions over the course of 2012 and to keep updated on the new challenges, go to http://www.capitalcfds.com.au and register for a demo trading account.

Disclaimer: CFDs are leveraged products and carry a high level of risk which means you can lose more than your initial deposit. Capital CFDs is the trading name of London Capital Group Pty Limited which is regulated by ASIC. ABN: 85143553628. AFSL No.364264.

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About Capital CFDs
Capital CFDs is dedicated to changing the face of low brokerage CFDs in Australia and throughout the Australasian region with extremely tight spreads on all commission free trading products including indices and Forex CFDs.

Disclaimer: CFDs are leveraged products and carry a high level of risk which means you can lose more than your initial deposit. Capital CFDs is the trading name of London Capital Group Pty Limited which is regulated by ASIC. ABN: 85143553628. AFSL No.364264.