The
results are in! April's King of the Mini
is J Wheeler from the USA, who earned an
impressive 411% return! See how he and our
other winners did it by downloading their
trading records below! The
King of the Mini Contest awards cash prizes
to the top five traders with the highest
percentage monthly gains, who also get
bragging rights for their respective countries!
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Over
$4000 in cash prizes
awarded monthly.Learn
more about prizes/contest
rules. Do you want to
be King of the Mini? Open
an Account.
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April's King of the Mini
is an American trader, who put in an excellent
one-month return of 411%! The runner up
was also from the US, earning a remarkable
255% gain, while the third place winner
finished with a 241%. These returns are
even more impressive when taking into account
the up-and-down price action in the market
the past month!
April's market conditions were tumultuous
because of startling TIC data, cooling oil
prices, interest rate hikes and fear of
soft patch in U.S economy. The market was
looking for a clear indication of dollar
bullishness or bearishness, but got none.
As a result, the majors were left directionally
baffled for much of April. Our winners were
impervious to the fickle trading environment,
day-trading their way to the top places
in the contest and showing us that money
can be made in any market environment with
resourcefulness and an understanding of
the varied opportunities available in FX!
This month, short-term
day trading was the name of the game! Uncertainty
in the market made created many opportunities
for shorter-term traders. While position
trading was the winning strategy last month,
adopting shorter-term strategies to take
advantage of directional uncertainty in
the market won the day this month.
The April Trade of the Month
is a simple short-term support/resistance
trade. As the GBPUSD began an short-term
upward trend, our trader was able to capitalize
on this opportunity by entering into a
long 80k position at 1.8837, closing the
trade 5 hours later at 1.8916 and booking
a $632 profit. The GBPUSD is highly volatile,
often moving 150-200 pips within a single
day.
Largest Single Gain Long
GBP/USD 80K at 1.8837, Closed at 1.8916,
P/L = $632
Total P/L = $632
The April winners came from
a variety of backgrounds and traded a
variety of pairs. Their trading records
make it clear that there are opportunities
to be found across all time frames in
FX! |
