Surefire Trading Challenge

Hi there,

The SFTCV3 Live Round is about to swing into it’s thirdweek! At this stage, half the field has already hit the self-destruct button so we’re in for a real treat this week. Hold on to your hat my friend, here’s the Top 5 in the Live Trading round:

#1 rover_north – $968.35 (96.84%)
#2 ericlooi – $470.17 (47.02%)
#3 HokkienWolf – $436.18 (43.62%)
#4 JVDWesthuizen – $381.48 (38.15%)
#5 Anubis – $269.70 (26.97%)

There’s a $10,000 prize waiting for the top placed trader at the end of this round as well as prizes all the way up to tenth place. Check out the prizes up for grabs:

1st  – $10,000
2nd  – $5,000
3rd  – $3,000
4th  – $2,000
5th  – $1,000
6th  – $500
7th  – $300
8th  – $100
9th  – $100
10th – $100

With that much loot waiting at the finish line, there’s bound to be plenty of action. You can keep up to date with the latest Live Round rankings here:

http://www.surefiretradingchallenge.com/sftcv3/live.html

Don’t forget that we’re going to be unveiling our brand new website pretty soon that’s going to introduce traders all over the world to a whole new dimension! Stay tuned!

Wesley Govender
Tournament Director

P.S. If you’re trading in the Demo competition, please continue! You could end up going through to the next Live Round! Check it out here:

http://www.surefiretradingchallenge.com/sftcv3/leaderboard/

Hi there,

It’s been a while since I’ve been in touch with you as I’ve been focusing on the LIVE ROUND. Now that the live trading round is up and running, we can get back to business.

There are a few important things to remind you about in this post. Here’s what I am going to cover:

- Non Farm Payrolls Announcement Coming Up @ 13:30 GMT
- The SFTCV3 Live Trading Round Is Up & Running
- Demo Trading Continues: Why You Need To Keep Trading

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IMPORTANT – NON FARM PAYROLLS
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Before I get into the good stuff, I just want to remind you that if you’re trading in the Demo or Live trading rounds, the Non Farm Payrolls announcement is due to be released at 13:30 GMT.

If in doubt, stay out! I normally stay far away from my platform on days like today so if you’re in any doubt whatsoever, it is better to exit any positions and wait for this announcement to be released. You may then pick up where you left off once the markets stabilize.

Preservation of capital is paramount! At least you will live to fight another day.

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LIVE TRADING ROUND
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It’s been a very busy week on the SFTVC3 front as we began the Live Trading Round when the markets opened this week.

Since I last updated you, we had been working around the clock to make sure that we kicked off without a hitch and that everything ran smoothly when our Top 20 traders got ready to rumble.

If you remember what happened the last time around, you would understand why we were all just a little nervous before the start. Just in case you forgot or didn’t hear the story before, check it out here:

http://www.surefiretradingchallenge.com/report/

When the markets opened, our competitors were off in a flash with a few traders placing trades minutes after the start. Although, most traders had not placed any trades well after the London Open on Monday morning.

A few sat back before joining in to try to open up a healthy lead but up to now, there is no clear front runner as of yet. The leaders have been up and down constantly with many sinking deep into the red before stabilizing.

A few have not stabilized at all, and after the FOMC announcement yesterday, SFTCV3 has since uffered its first few casualties. What you are about to see is as real as it can possibly get!

http://www.surefiretradingchallenge.com/sftcv3/live.html

Even though there have been a few accounts that have been blown to smithereens, I have been going through some of the systems from the traders that are closer to the top of the leaderboard, and I am sure that we will see better results as we get into the latter stages of the competition, so stay tuned!

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DEMO TRADING ROUND
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Now that we have the top 20 traders trading on our live accounts, it does not mean that the competition is over, not by a long shot!

We’ve asked you to continue trading and the reason for that is, we will pick the next batch of Top 20 traders from the traders that excel since the start of the SFTVC3 competition.

That means that if you have been trading all along and you did not qualify for the live round this time, you may continue trading the demo account you have been using since the start.

We’re leaning more towards finding traders that can exhibit they have what it takes to make CONSISTENT profits!

Just make sure that you have the Arbitro EA enabled on your demo account and you’re good to go. If you get any errors like the ‘Incorrect Lot Size’ or the ‘Wrong Initial Balance’ error messages on the Arbitro EA, just create a new demo account and start again.

Remember that it is up to you to ensure that you are playing by the rules and if you do so, it might just take you a step closer to Forex trading super-stardom!

That’s all for now folks, until next time…

Happy Trading

Wesley Govender
Tournament Director

P.S. Keep in touch with me on Facebook, Twitter and YouTube:

http://www.facebook.com/surefiretradingchallenge
https://twitter.com/sftcv3
http://www.youtube.com/nextgentraders

Hi there,

I just wanted to drop you a quick note and let you know that there is a FOMC interest rate announcement coming up at 18:15 GMT so watch out for that.

The markets will react to this decision so traders in the live round (and demo too) might want to give some thought about whether to stay in their open positions or exit.

If in doubt, stay out!

Happy Trading

Wesley Govender
Tournament Director

Hi there,

The Live Trading Round is now well under way and even though it’s only been a few hours since the markets opened and trading started, there has been plenty of action already.

The early results coming in look great so far but at this stage, anything can still happen. To keep up to date with the latest Live Trading rankings just head on over to the following link:

http://www.surefiretradingchallenge.com/sftcv3/live.html

You may also want to add this link to your bookmarks for future reference (CTRL + D). I am sure that you will refer back this leader board many times over the course of the Live Round.

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DON’T FORGET!
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Phase 5 and Phase 6 have now been unlocked in the traders zone for all finalists and now that they have access to the live trading accounts they may proceed to submit the required trade examples and live trade videos.

Best of luck to all traders during this phase of the competition and may the best traders win! Until next time…

Happy Trading

Wesley Govender
Tournament Director