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[Antony_NPBFX]

USD/CHF: the dollar is strengthening 30.08.2019

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on USD/CHF for a better understanding of the current market situation and more efficient trading.

Current trend

Yesterday, the USD/CHF pair rose steadily, coming close to local highs of August 23, due to the news about the possible resumption of trade negotiations between the US and China in September. In addition, investors reacted negatively to poor macroeconomic statistics from Germany, which could push the ECB to further active measures to support the European economy. In particular, in addition to a further reduction in interest rates, the European regulator is expected to start new rounds of quantitative easing.

Thursday’s US statistics did not affect the instrument significantly since it came close to its forecasts. Thus, Q2 US GDP, according to preliminary estimates, slowed down from +2.1% YoY to +2.0% YoY. Q2 GDP Price Index kept the previous dynamics of +2.5% YoY, which turned out to be slightly better than forecasts of +2.4% YoY.

Support and resistance

On the daily chart, Bollinger bands actively grow. The price range expands but not as fast as the “bullish” dynamics develop. MACD grows, keeping a moderate buy signal (the histogram is above the signal line), and is trying to consolidate above the zero line. Stochastic is directed upwards but is close to its highs, which reflects that USD may become overbought in the ultra-short term.

It is better to keep current long positions until the situation becomes clear.

Resistance levels: 0.9887, 0.9905, 0.9930, 0.9945.

Support levels: 0.9860, 0.9835, 0.9796, 0.9767.

Trading tips

Long positions can be opened after the breakout of 0.9887 or 0.9905 with the target at 0.9974 or 1.0000. Stop loss – 0.9860.
Short positions can be opened after a rebound from 0.9887 and the breakdown of 0.9860 with the targets at 0.9767–0.9750. Stop loss is no further than 0.9900.

Implementation period: 2–3 days.

Use more opportunities of the NPBFX analytical portal: economic calendar

Be ready for any market changes through global events using the economic calendar on the NPBFX portal. The calendar contains all the most important events of the world economy and prognoses for them. In order to get free and unlimited access to the economic calendar and other useful instruments on the portal, you need to pass a one-time registration on the NPBFX website.

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on USD/CHF and trade efficiently with NPBFX.

 

[Antony_NPBFX]

The grand prize - iPhone Xs and $2,500 - were raffled off in July. The most interesting facts about the Battle of Traders contest over the past month!

Hello, dear forum users!

July was extremely intense for the participants of the Battle of Traders contest.

A breathtaking race for the first place led the winner to the grand prize - iPhone Xs and one of the best trading results in the history of the contest. The trader with the nickname sigitsix (account No.129879) from Indonesia won the July Battle, increasing the initial deposit of $5,000 by 51 times! Read what strategy the winner used and how he is planning to trade on an NPBFX live account in the interview which is to be published soon. Congratulations to the winner! Let’s now go on to the results of the contest!

1694 traders took part in the July Battle. According to the online monitoring of the contest, only 6 participants finished trading session with a negative balance. The accounts of the majority of participants recorded a positive balance, and every 5th trader earned profit in July. 146 participants fulfilled the condition to increase the initial deposit by 30%! Which of them managed to hit top 10 and get prize funds for trading on the real account?

The best traders of the July Battle are as follows: sigitsix, graznick, ias, krockodille, Formost, Bunkol, DragoBUL, ZenFX, Xclown, TARSA73.

As can be seen from the results, 10 trades are enough for someone to get a prize, and for someone else, it is needed to close 2500 trades. How much do you need?!

NPBFX thanks all the traders who took part in the July Battle of Traders contest and informs about the beginning of the new September Battle! Registration with the contest still remains open. Hurry to use your chance, show professionalism, and experience the real emotions of the contest! Any kind of strategies are allowed.

Sign up for the Battle of Traders contest

 

[Antony_NPBFX]

$ 1000 and iPhone Xs go to a trader from Indonesia! Interview with the contest winner

Each trader has its own goals to participate in the Battle of Traders contest on demo accounts. However, the top goal for many people is to reach the prize-list and get prizes for trading Forex on real account. Sigit Setiawan - a teacher from Indonesia and the central figure of the interview - registered with the contest to increase his income. According to the results of the Battle of Traders, in July Sigit took a prestigious 1st place and won $1000, as well as the grand prize by NPBFX - iPhone Xs! It stands to mention a great professional persistence of the trader who had participated in the contest 6 times before his account topped the contest table! Sigit has been stable with his trading strategy; he has been using the Head-and-Shoulders model for technical analysis. Which trading portfolio has the winner used? What does Sigit recommend those who decide to follow his trading strategy? Read a candid interview with the winner.

- Sigit, please tell us how did you hear about the Battle of Traders contest and why did you decide to take part in it?

- I learned about the contest on the Internet and has already participated 6 times. I do not have free money to trade on real account, so I’m practicing on a demo one.

- What helped you to win in July?

- Before starting a trade, I conducted an analysis only by observing the dynamics of prices based on trend reversals, then selected certain hours for trading based on the previous price movement.

- What did you feel when you discovered that you had won?

- I was very happy to become the winner! For two years now I have been grappling with financial problems and for that reason, I was in, let’s say, a trading vacuum, having no chance to trade. The Battle of Traders contest helped me to return to trading, improve my skills, emotional control, and risk management. I am sure that the victory is my first step towards the enhancement of my financial health.

- You showed an outstanding trading result: you increased the initial deposit of $5000 by 51 times! According to the rules of the contest, NPBFX grants you not only $1000, but also a grand prize - iPhone Xs! Did you set a goal to get a grand prize or was it a pleasant surprise?

- Initially, I did not set such goal, but when I saw that, finally, I hit the top ten winners then, of course, I did my best to get a grand prize - the brand new iPhone Xs. The grand prize was an additional motivation to take the first place.

- Sigit, how quickly did you register with the Battle of Traders contest? How do you evaluate the terms of the contest at NPBFX?

- I quickly registered with the contest and, in my opinion, the terms are quite simple. You can use any trading strategy; so anyone can take part in the Battle.

- Please tell us more about your trading strategy which led you to success. What is the core of it?

- For me, the core of all strategies is about the same. I use the Head-and-Shoulders model to determine price peaks; I use various time frames, for example, H1, M30 or D1 to search for a “head” or “inverted head” for greater accuracy, and less risk of stop-loss.

- During July you closed 655 trades. The vast majority of trades were within the most liquid Forex currency pairs (pound, yen, franc, euro paired with the US dollar). What is the reason for choosing these instruments?

- When I choose a pair, I look for the most promising at the moment, in which one currency is stronger than another, such as GBPJPY.

- In July, did you trade on the contest account with the help of an adviser/robot, or did you manually manage each trade?

- In general, I trade manually, I do not really like advisers. When I trade manually, I can rely upon my analysis and correct errors in the analysis during trading.

- Sigit, if one of the traders would like to repeat your trading strategy on his account, what would you suggest to him?

- First of all, I would suggest getting a good technical knowledge base; also a solid emotional and financial control is important for successful trading.

- Do you focus more on technical or fundamental analysis when forecasting the market?

- I think that both analyzes are good and interconnected. Technical analysis is always paramount, followed by fundamental analysis. When I analyze the market and see that some position is going up, fundamental analysis can help determine what the next price movement is going to be.

- $1000 has already been credited to your NPBFX real trading account. Are you planning to use the same trading strategy on your real account as you did on the demo one?

- I’m going to use the same strategy, but I will try to change the trade volume.

- All contest accounts are presented in open-monitoring on the NPBFX website. Sigit, how useful was the monitoring during the contest for you as a participant? How often did you visit the monitoring page?

- Yes, I was monitoring the changes in the ranking of participants. I kept an eye towards the participants after me: I watched how far they fell behind me. It is quite important and useful to monitor other participants. On this basis, you can decide whether it is worth the risk or better to hold on a position.

- Sigit, tell us a little about your professional path: how long have you been trading Forex? Why did you decide to trade? What was your job before trading?

- I have been trading for 7 years. Before that, I worked as a teacher, but I quit due to the low salary. My friend told me about Forex, and I gradually began to learn the ropes, practice on a demo account, and study technical analysis. Then I borrowed money and tried to trade on a real account, but I failed. I learned to analyze anew and tried to trade on a real account, but yet again I failed. Thus lately, I have been focusing on honing my skills on a demo account, and have become a participant in the Battle of Traders contest.

- Tell us, please, what country are you from, what is the name of the city (village) where you live? Are you a family man, what are your hobbies besides trading?

- I live in the province of Kabupaten Ngawi, Indonesia, on the island of Java. In 2014, I got married, I have a child. My wife works as a teacher in Ngawi. After I quit my job, I’ve been engaged in trading and agriculture.

- In your opinion, how well the population of Indonesia aware of the Forex market, online trading opportunities?

- In my opinion, the enthusiasm and opportunities of the citizens of Indonesia are very great, especially in my region. I have examples of successful and profitable trading. The interest of the citizens is growing, and I am very pleased to be able to join the Forex business and participate in it.

- Sigit, as can be judged by monitoring, you have already become a participant in the new August Battle of Traders contest. Would you recommend your friends to join the contest?

- From the very beginning, I invited friends and relatives to join, but as they were not sure that winning is possible, they were not interested and did not believe me. After the victory, I automatically proved to them that the contest allows everyone to become a winner, so my relatives will also participate in the contest in the future. I’m planning to create a community on the Internet to share information and promote NPBFX.

- What would you wish NPBFX and participants of the next Battle of Traders contests?

- Thank you for the great contest! I would like to suggest allowing the withdrawal of the prize amount without restrictions to attract more newcomers to the contest. Many traders are not self-confident and are afraid of losing a prize.

- Sigit, thank you for participating in the contest and for the interview. We wish you new victories in the financial markets!

 

[Antony_NPBFX]

GBP/USD: the pound is strengthening 06.09.2019

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on GBP/USD for a better understanding of the current market situation and more efficient trading.

Current trend

Yesterday, the GBP/USD pair rose steadily, rising to the levels of August 28. Active growth of the instrument is also observed during today's Asian session, allowing GBP to renew local highs of July 29. GBP is supported by the decision of the British Parliament to block the possibility of Britain leaving the EU without an existing agreement. If a compromise on the terms of the agreement is not reached, Prime Minister Boris Johnson will be forced to request a new postponement until the end of January 2020.

On Friday, traders wait for UK data on housing prices and the CPI forecast. With the opening of the American session, the August report on the US labor market will be released. Yesterday’s ADP Nonfarm Employment Change index for August grew by 195K after an increase by 142K last month.

Support and resistance

On the daily chart, Bollinger bands moderately grow. The price range expands, letting the “bulls” to renew local highs in the short term. MACD grows, keeping a strong buy signal (the histogram is above the signal line), and tries to consolidate above the zero line. Stochastic grows but is close to its highs, which indicates that the instrument is overbought in the ultra-short term.

It is better to keep current long positions until the situation becomes clear.

Resistance levels: 1.2351, 1.2380, 1.2438.

Support levels: 1.2308, 1.2272, 1.2248, 1.2200.

Trading tips

Long positions can be opened after the breakout of 1.2351–1.2380 with the target at 1.2438 or 1.2470. Stop loss – 1.2320–1.2300. Implementation period: 1–2 days.

Short positions can be opened after a rebound from 1.2351 and a breakdown of 1.2308 with the target at 1.2200 or 1.2154. Stop loss – 1.2370–1.2380.

Implementation period: 2–3 days.

Use more opportunities of the NPBFX analytical portal: E-book

If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.

You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on GBP/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

AUD/USD: AUD is rising 09.09.2019

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on AUD/USD for a better understanding of the current market situation and more efficient trading.

Current trend

AUD showed strong growth against USD last week, updating local highs of August 1. The instrument was supported on Friday by a poor August report on the US labor market. Nonfarm Payrolls in August amounted to 130K against the previous result of 159K and the forecast of 157K. The Unemployment Rate in August remained at the previous level of 3.7%, while the Average Hourly Earnings accelerated in August from +0.3% MoM to +0.4% MoM, which turned out to be better than the forecast of +0.3 % MoM.

Today, the pair is trading with a raise. AUD is moderately supported by data on Home Loans in Australia. In July, the volume of loans extended by 5.0% MoM after a decline of 0.8% MoM last month.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range is widening but does not conform to the development of the "bullish" trend in the short run yet. MACD indicator is growing, keeping quite stable buy signal (located above the signal line). The indicator is also trying to consolidate above the zero level. Stochastic approaching its highs reverses into the horizontal plane, indicating overbought instrument in the ultra-short term.

One should keep existing long positions in the short and/or ultra-short term. One should be extremely cautious with the opening of new positions.

Resistance levels: 0.6860, 0.6883, 0.6900.

Support levels: 0.6829, 0.6800, 0.6770, 0.6734.

Trading tips

To open long positions, one can rely on the breakout of 0.6860. Take profit — 0.6900 or 0.6920–0.6930. Stop loss — 0.6840 or 0.6830. Implementation time: 1-2 days.

The rebound from 0.6860 as from resistance with the subsequent breakdown of 0.6829 can become a signal to new sales with target at 0.6770 or 0.6750. Stop loss — 0.6860. Implementation time: 2-3 days.

Use more opportunities of the NPBFX analytical portal: analytics

You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company.

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on AUD/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

XAG/USD: silver prices consolidate 11.09.2019

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on XAG/USD for a better understanding of the current market situation and more efficient trading.

Current trend

Yesterday, silver prices fell, renewing local lows of August 27, due to moderate growth of USD in the market, as well as an increase in demand for risky assets. However, by the end of the daily session, the instrument managed to regain its losses, and today during the Asian session, the price is growing moderately.

Investors are awaiting the outcome of the ECB meeting, which will be held next Thursday. Under the pressure of poor macroeconomic statistics, the European regulator may decide on active actions aimed at stimulating the economy. In particular, a further reduction in the deposit rate is forecasted, as well as a possible launch of a quantitative easing program. Also, the ECB meeting will be the first in a cycle. The Fed and Bank of England meetings are scheduled next week. The US regulator is also expected to soften the monetary policy.

Support and resistance

On the daily chart, Bollinger bands grow moderately. The price range narrows, reflecting a sharp change in the trading direction in the short term. MACD falls, keeping a strong sell signal (the histogram is below the signal line). Stochastic reverses upward, being near its highs, which indicates that the development of corrective growth is possible in the short and/or ultra-short term.

It is better to wait for confirmation of the formation of a “bullish” correctional trend in the nearest periods.

Resistance levels: 18.31, 18.62, 19.00, 19.25.

Support levels: 18.00, 17.75, 17.48, 17.21.

Trading tips

Long positions can be opened after the breakout of 18.31 with the target at 19.00 or 19.25. Stop loss – 18.00.

Short positions can be opened after the breakdown of 17.75 with the target at 17.00 or 16.82. Stop loss – 18.10–18.20.

Implementation period: 2–3 days.

Use more opportunities of the NPBFX analytical portal: trading signals for commodities

How can a trader determine if it’s worth buying or selling XAG/USD now or better waiting for a more favorable period? Use trading signals for commodities from the top 10 technical indicators on the NPBFX portal and make the right decisions! All registered users have free and unlimited access to the minutely updated trading signals (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) for Gold, Silver, Brent and WTI Crude oil.

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on XAG/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Brent Crude Oil: oil prices are going down 13.09.2019

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on Brent Crude Oil for a better understanding of the current market situation and more efficient trading.

Current trend

Oil prices fell on Thursday, responding to OPEC+ decision to leave the parameters for reducing oil production unchanged. The central place in the discussions was given to the production reduction in Russia, Nigeria and Iraq to the indicated levels, and it was decided to postpone the discussion of changing these levels at the December meeting of the cartel.

Additional pressure on the instrument was provided by the ECB decision of lowering deposit rates and launching a new quantitative easing program. Immediately after the publication of this decision, Donald Trump again criticized the Fed and demanded immediate action. It is possible that the Fed decision next week will be adjusted according to the example of the ECB, and the market will see a more active easing of monetary policy. Today, investors expect Baker Hughes Oil Rig Count to be published.

Support and resistance

Bollinger Bands in the D1 chart demonstrate flat dynamics. The price range is narrowing, reflecting ambiguous dynamics of trading in the short term. MACD is declining keeping a weak sell signal (located below the signal line). In addition, the indicator is trying to consolidate below the zero mark. Stochastic keeps a steady downward direction, but is rapidly approaching its lows, which indicates the growing risks associated with the oversold instrument in the ultra-short term.

Existing short positions should be kept until the situation clears up.

Resistance levels: 60.70, 61.51, 62.67, 64.00.

Support levels: 60.00, 59.10, 58.28, 57.57.

Trading tips

To open long positions, one can rely on the breakout of 60.70 or 61.00. Take profit — 62.67 or 63.00. Stop loss — 60.00.

A confident breakdown of 60.00 may become a signal to further sales with target at 58.28 or 57.57. Stop loss — 61.00.

Implementation time: 2-3 days.

Use more opportunities of the NPBFX analytical portal: glossary

Beginning traders certainly face a lot of specialized concepts and lexicon on FOREX, which are often not fully been understood. Swap, tick, hedge, margin calls are often unfamiliar to beginning traders. But the lack of knowledge of these fundamentals make a competent market vision impossible. So glossary on the NPBFX analytical portal could be an excellent helper in this case, which contains all the main definitions with explanations in a compact and accessible form. All concepts are arranged in alphabetical order, so that you can easily and quickly find and explore a new concept for yourself.

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on Brent Crude Oil and trade efficiently with NPBFX.

 

[Antony_NPBFX]

USD/JPY: USD keeps growing 16.09.2019

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on USD/JPY for a better understanding of the current market situation and more efficient trading.

Current trend

The US dollar closed last week with a fairly steady growth against the Japanese yen, updating local highs of August 1. "Bullish" activity remains on Monday, but the instrument showed a significant gap down at the opening and is now forced to recoup to its previous local highs. The US dollar is in demand amid improved prospects for US-Chinese trade negotiations, after the parties made mutual concessions, and Donald Trump announced the possibility of concluding an interim agreement.

The macroeconomic statistics from the US published on Friday was contradictory. Retail Sales in August decreased from +0.8% MoM to +0.4% MoM, which, however, turned out to be better than expectations of +0.2% MoM. At the same time, Michigan Consumer Sentiment in September showed an increase from 89.8 to 92.0 points with a forecast of 90.9 points.

Support and resistance

Bollinger Bands in D1 chart show moderate growth. The price range is narrowing from above, reflecting the appearance of ambiguous dynamics for the instrument at the end of the last trading week. The MACD indicator reacted to the opening of the instrument with a gap down and reversed downwards, maintaining the previous buy signal (located above the signal line). Stochastic is showing similar dynamics, retreating from its highs, indicating the overbought USD in the ultra-short term.

One should wait for clarification of the situation to open new transactions.

Resistance levels: 108.00, 108.24, 108.52.

Support levels: 107.52, 107.22, 106.72, 106.15.

Trading tips

To open long positions, one can rely on the breakout of 108.00 or 108.24. Take profit — 108.80 or 109.00. Stop loss — 107.70–107.52. Implementation time: 1-2 days.

A confident breakdown of 107.52 may become a signal to further sales with target at 106.50 or 106.15, 106.00. Stop loss – 108.00. Implementation time: 2-3 days.

Use more opportunities of the NPBFX analytical portal: economic indicators

Regular monitoring of global economic indicators plays an important role in trading, because of their strong influence on FOREX market and possibility to provoke significant price fluctuations. For the convenience of traders the "Education" section on the NPBFX portal contains the most popular and significant world economic indices with a detailed description, their possible impact on the economy and exchange rates (GDP, consumer price index, unemployment rate, Nonfarm Payrolls (NFP), etc.).

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on USD/JPY and trade efficiently with NPBFX.

 

[Antony_NPBFX]

EUR/USD: the euro is recovering 18.09.2019

Good afternoon, dear forum visitors!

NPBFX offers the latest release of analytics on EUR/USD for a better understanding of the current market situation and more efficient trading.

Current trend

EUR showed strong growth against USD on Tuesday, recovering from an equally strong decline of the instrument at the beginning of the week. The growth of EUR was largely technical in nature, while macroeconomic statistics remained contradictory. German ZEW Economic Sentiment in September showed an increase from –44.1 to –22.5 points with a forecast of –38.0 points. German ZEW Current Conditions for the same period fell from –13.5 to –19.9 points, which turned out to be worse than the forecasts of –15.0 points. The EU ZEW Economic Sentiment in September grew slightly from –43.6 to –22.4 points, exceeding forecasts of –37.4 points.

Today, the pair is trading in both directions. Investors expect the publication of the results of the Fed meeting, at which, as expected, the interest rate will be reduced by 0.25 points.

Support and resistance

On the D1 chart, Bollinger Bands are gradually reversing to the ascending plane. The price range is slightly expanding from above, reflecting the predominance of "bullish" sentiment. MACD indicator is growing, keeping a stable buy signal (located above the signal line). Stochastic, having approached its highs, reversed into the horizontal plane indicating a sharp change of the sentiment in the ultra-short term.

To open new trading positions, it is necessary to wait for additional signals from technical indicators.

Resistance levels: 1.1074, 1.1100, 1.1133, 1.1163.

Support levels: 1.1050, 1.1028, 1.1000, 1.0962.

Trading tips

To open long positions, one can rely on the breakout of 1.1074. Take profit — 1.1133 or 1.1163. Stop loss — 1.1028.

The rebound from 1.1074 as from resistance with the subsequent breakdown of 1.1050 can become a signal to new sales with target at 1.1000 or 1.0970. Stop loss — 1.1080 or 1.1090.

Implementation time: 2-3 days.

Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast

You can learn more about the current situation on EUR/USD and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as EUR/USD, GBP/USD, USD/JPY, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website.

If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.

Use the current recommendations of analysts on EUR/USD and trade efficiently with NPBFX.

 

[Antony_NPBFX]

Yet another Battle of Traders contest is over. Who hit the top 10 and got the brand new iPhone Xs?

Hello, dear forum users!

The summer season is ended and along with it the August Battle of Traders contest. It’s time to sum up the results and announce the winners of the battle.

August has become the record-breaking month in terms of the number of participants for the last 4 months: 1704 traders successfully registered and got access to the demo account contest with the starting deposit of $5000. The largest number of trades is 3018, was made by a trader with the nickname DCDozer (account number 133652). Dozens of traders preferred to go to the victory trading in large volumes. Thus, contest monitoring recorded 10, 20, 30 and more lots per one trade to buy or sell the selected trading asset. It does not violate the contest rules, as well as trading with the minimum volume of 0.01.

It should be noted that in August more than 85% of traders finished the contest with a positive balance. 68 participants fully complied with the contest terms and could claim for a prize fund of $2500. However, according to the Battle of Traders regulations, only traders with the highest trading results can enter the top 10 winners. Which of the participants has the most profitable trading strategy? Who was able to cope with the emotions in the contest race and manage the risks?

So, according to the results of April, the winners of the Battle of Traders are the traders with the following nicknames: Gela, myace, shdn, servadko, Zyd, Olga, sergej77772008, Arif, Sakib77, Sanjar .

The winners list of August was headed by the trader with the nickname Gela (account number 1317776). The result of his trading is $270153.93! The trader gets 1000 USD to his real trading account and a grand prize - iPhone Xs! The interview with the winner has already been recorded and in the next few days you will have the opportunity to learn more about the secret of Gela’s success, his attitude to the Forex market and trading plans.

NPBFX thanks all the participants of the August Battle of Traders and congratulates the winners!

Follow the new publications of the contest and grab the opportunity to take part in the Battle of Traders in October! Registration is already ongoing.