New York, NY, August 29, 2008 --(PR.com
)-- FXCM www.fxcm.com
has announced that its “King of the Mini” contest has undergone a make over and will now be known as “King of the Micro”
FXCM Micro is the discount brokerage division of FXCM, and as such, clients of FXCM Micro will trade forex with super-low spreads, automated execution, and 1K lot sizes. FXCM Micro is offered for individual, self-traded accounts.
FXCM’s popular live-trading monthly competition, which has been running for over four years, awards over $4,000 in cash prizes each month to five Micro-account holders with the highest percentage gain. Read more about the contest on the FXCM Micro Forum: http://forums.forexmicrolot.com/
How the Contest Works:
The contest begins at 5:00 PM (EST) on the 1st trading day of each month and ends at 4:59 PM (EST) on the close of the last trading day of the month. The winners will be determined by calculating the highest percentage gain each month. The percentage gain will be based on the ending gross P/L (including floating P/L) as a ledger balance against the beginning balance for the calendar month. Winners will be announced by the fifteenth of the following month.
How to Enter:
There is no registration form to complete or entry fee required to compete. All live FXCM Micro accounts with a minimum balance of $500 by the first of each month are automatically entered into the contest.
Open a live Micro account with as little as $25 and start trading to be King of the Micro. http://www.forexmicrolot.com/trading-contest.jsp
· Forex Capital Markets LLC is one of the Largest Forex Dealer Members
· More than 100,000 live accounts are traded on FXCM trading platforms
· As of January 2008, an average of $350 billion in notional volume is traded each month on FXCM trading platforms
· As of January 2008, there is in excess of $700 million in customer funds trading on platforms offered by FXCM
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.
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